With the warm sea, never-ending summers, high standards of living, no income tax policy for foreigners, the UAE is home to thousands of expats from over 100 countries. And more and more foreign investors choose this country to invest in. Therefore, the local real estate market offers a great range of properties to meet the growing demand and the government introduced specially designated areas known as freehold zones where foreigners can purchase real estate. For instance, Dubai Marina, Dubai Downtown and Palm Jumeirah are one of the most popular and prestigious freehold neighbourhoods where you can buy a property in Dubai with 100% ownership.
The UAE property market offers housing for all tastes and budget, from affordable studio apartments and two-bedroom apartments to luxurious four-bedroom penthouses, villas with pools and townhouses. However, one of the most popular options is a one-bedroom apartment. It is a great option both for buying to live there and buying to rent.
One-Bedroom Apartment Cost in UAE
The cost of one-bedroom apartments varies greatly depending on their location, size, whether it is a newly-built or a second-hand option. Now let’s look at the prices in more detail from city to city.
One-Bedroom Apartment in Dubai
Being the financial, business and tourist hub, Dubai is the leader in property sales and offers the widest range of properties and property price tags as well. So, a one-bedroom unit in the most prestigious areas like Dubai Marina or Palm Jumeirah ranges from $127,000 to 750$ for the most affordable options. The prices of more expensive units start at $1,000,000. Options in less prestigious areas like International City or Dubailand cost from $70,000 to $260,000.
One-Bedroom Apartment in Abu Dhabi
When it comes to the capital of the UAE, the price of a 1-bedroom unit in Al Raha, a popular area with expats, starts at $223,000 and goes up to $462,000, in Yas Island – from $211,000 to $353,000, in Al Reem Island – the average cost is $235,000-245,000.
One-Bedroom Apartment in Sharjah
Another popular location for buying property in the UAE is Sharjah. This emirate may seem a bit more traditional and stricter than the previous two emirates. It is more popular among families with children. The average price of a unit is $133,000-156,000.
As for the rest of the emirates, they offer more affordable, reasonably priced options with the minimum price starting at around $80,000.
Emirates.Estate will Help you Find an Ideal Apartment for sale in the UAE and Buy it
Emirates.Estate, one of the largest property platforms in the UAE, will help you make a profitable investment, regardless of whether you are searching for a buy-to-live or buy-to-rent apartment. Our team will guide you through the best offers from verified real estate agents and developers. Visit our website for more detail and get in touch with us.
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