In May 2024, 8.7 thousand flats were purchased, which is 79% of all properties sold. Our clients also prefer to invest in apartments in most cases.
Why are flats in such high demand?
Advantageous location: Apartments are usually close to shopping centres, entertainment and business areas. This is especially important for young professionals and expats, who make up 80% of Dubai's population.
Lots of amenities: Apartments often offer concierge services, maintenance, housekeeping and 24-hour security. These factors make them attractive to many tenants.
Steady rental demand: Urbanisation and the constant influx of international workers ensure a high demand for rental flats. This makes them attractive to investors. In May 2024, the average price of apartments was $381 thousand, while the average price of villas reached $762 thousand, which is twice as much.
Variety of offers: There are many projects on the market for different budgets and purposes. For example, there are new complexes with flats in collaboration with 5-star hotels, such as Palace and Address. However, there are also more affordable options, starting from 160 thousand dollars.
Of course, the choice between apartments and private homes depends on your investment strategy. Villas tend to grow stronger in value, making them more suitable for resale. Flats, on the other hand, are in steady demand for rent. In each case, it all depends on the specific property and your goals.
