Guide to The Most Popular Waterfront Communities In Dubai
Waterfront properties are not just the epitome of luxury living but also offer therapy to both mind and body. And Dubai is indeed the best location for waterfront living as it’s packed with communities built to satisfy your desires. Nothing can beat the aquatic waterscape and the arousing sight of the sun!
If you’re searching for water-facing apartments in Dubai, then this guide is sure for you! The information has been taken from a report published by the Bayut.com website, which specializes in Dubai real estate research. Let’s discuss the most popular waterfront neighborhoods for apartments in Dubai for investment and living purposes.
Which Areas In Dubai Are Famous For Waterfront Apartments?
- Dubai Marina
Dubai Marina is one of the most prominent areas of Dubai that comprises luxury apartments for rent and sale.
This project has been constructed on an artificial waterway and features over 200 residential towers most of which offer oceanic views.
Dubai Marina offers apartments for rent at rental rates of AED 68,000 for a studio, AED 91,000 for 1 BR apartment, AED 133,000 for 2 BR, and AED 198,000 for 3 BR apartment. While the price of apartments for sale in Dubai Marina ranges between 776, 000 to 3.2 million Emirati Dirhams for studios to up to 3 BR apartments.
- Palm Jumeirah
Palm Jumeirah is also one of the best developments featuring luxury apartments in Dubai. With its high-level recreational services and facilities, shops, chic cafes and restaurants, schools, grocery stores, and medical centers, it is like a city within a city.
One can find studios and 1-3 BR apartments for rent with an average annual rent of about 84,000 dirhams- 248,000 dirhams in Palm Jumeirah. Whereas the apartments are available for sale at prices ranging between AED 1.325 million and 5.49 million.
The properties at Palm Jumeirah seem a little expensive but the experience is worth every cent!
- Jumeirah Beach Residence
According to Bayut and Dubizzle reports for the first quarter of 2022, JBR is the best neighborhood for real estate investment in Dubai from an affordability perspective. The rental prices of studios in this area are about AED 69,000, and AED 93,000-212, 000 for 1-3 BR apartments.
Furthermore, the sale prices for studios and apartments in JBR start from AED 1.637 million.
So, home searchers and investors with low budgets, Jumeirah Beach Residence properties can be your chance to live and own a house in Dubai!
- Dubai Creek Marina
Creek Marina, a project of Emaar Properties in Dubai Creek Harbour. The properties here come with fitted kitchens, spacious bedrooms, marble floors, living and dining areas, built-in wardrobes, and excellent finishing.
As recorded in 2022., the renting rates of Dubai Creek Marina properties range between AED 59,000 to AED 136, 000. While the selling price of a 1 BR apartment is AED 1.175 million, for 2 BR it is AED 1.92 million, and for a 3 BR apartment, it’s AED 3 million.
- Bluewaters Island
Bluewaters Islands, a development of Meraas Real Estate in Dubai offers its residents access to several beaches, resorts with international standards, and some exclusive recreational facilities such as the Ain Dubai Wheel.
People searching for apartments for rent and sale in Dubai can consider this area as it offers properties at reasonable rates compared to the neighboring ones.
At Bluewaters Island, you will find 2 & 3 BR apartments for rent at AED 205, 000 and AED 264, 000 respectively. Whereas, to buy an apartment here your minimum budget should be AED 2.82 million.
- Waterfront Reconstruction
The Waterfront Complex is a project of Emaar Developers in Dubai Harbor and includes 5-star hotels and residential units with scenic views.
Home searchers eyeing its properties can get a 1-bedroom apartment on rent at just AED 129,000, a 2-bedroom apartment at AED 232, 000, and a 3-bedroom apartment at AED 362,000 respectively. Whereas the selling price for studios and 2 & 3 BR apartments ranges between AED 1.9 million and 5.26 million.
- La Mer
This residential community, in addition to apartments, offers townhouses for rent and sale.
The average selling price for a 1 BR apartment in the area is about AED 1.72 million and for a 2 BR unit it is AED 2.92 million. Renters can also get an apartment in this area at an annual rate of about AED 128, 000 for 1 BR apartment and AED 167, 000 for 2 BR apartment.
This concludes our list of the best areas for apartment investment in Dubai. For more information, feel free to get in touch with us!
