Dubai is a paradise for property investors and homebuyers. Dubai villas for sale by reputable real estate developers get booked within days of their official declaration. Why shouldn’t it be?
The Government here doesn’t impose any property tax on them. Plus, the steady influx of working professionals and business enthusiasts here from all over the world keeps the demand for housing here at an impressive height all through the year. To accommodate all and beyond, the housing supply of different Types and Budgets is maintained actively by the top and all sizes of property developers in Dubai.
Already 37,154 transactions in Q1 2024 alone have been recorded, amounting to AED 109.85 billion! Can you guess where the sales number and the amounting figure have reached as we are about to enter December now? A sneak peek-> In Q3 2024, the Dubai real estate market awed all with a 38% year-over-year (YoY) boost. 50,425 property transactions!
But, what are the secret ingredients Dubai has for this real estate market success recipe?
Key Factors Favouring Dubai’s Real Estate Market Growth
- Property investors and homebuyers get long-term visas, attracting foreign investment globally.
- Buying No-tax Properties in a modern and globally renowned region is a tempting offer for all.
- Also, there are no tax liabilities on capital gains and personal income.
- Foreigners can own properties in designated Freehold zones forever, and in Leasehold areas for up to 99 years.
- The Green Building Regulations introduced by the Dubai Government now increasingly attract environment-conscious property buyers. Eco-friendly Luxury villas for sale in Dubai are creating quite a hype in the market.
- Luxury amenities are, by default, available in almost all residential and commercial complexes and gated communities that are not common in other destinations. Life in Dubai is anything but ordinary!
Understanding the Different Types of Villas in Dubai
Detached Villas
As the name suggests, Detached Villas are standalone villas that you can consider as lavish independent houses in Dubai. Feel a greater sense of freedom and privacy at a quieter place with this option where all four walls stand independently exposed. Best for enjoying a classy and quiet lifestyle. Example- Palm Jumeirah, and Dubai Hills Estate community.
Semi-detached Villas
One wall of Semi-detached Villa shares a common wall with another villa, adjacent to it. The common wall provides structural support and also marks the territorial boundary. These are single-family houses or villas that are built in pairs, featuring a similar layout plan. This option surely offers better privacy than Townhouse Villas and Apartments. For example- Arabian Ranches, Dubai Hills Estate, & Emirates Hills.
Twounhouse Villas
Townhouse Villas are somewhat like Semi-detached villas, usually featuring the same layout and design as other townhouses; they share boundary walls inside a gated community. In Dubai, townhouses are built luxuriously with special emphasis on an active lifestyle. Its community-focused urban lifestyle fosters a sense of oneness in the neighborhood. Example- JVC, Dubailand, Al Furjan community and DAMAC HILLS.
The Best Villa Communities in Dubai and What They Offer
The APIL Properties team presents you all the Best villa communities in Dubai, each with its own hallmarks.
One thing common in all is their advantageous location. All these communities enjoy excellent connectivity with the key areas of Dubai via roads and public transport options. As these are established communities, they all have social facilities (academic, entertainment, retail, medical) accessible nearby.
And, also investment potential in each of these communities is excellent as anyone buying a villa in Dubai searches for options here mostly. Needless to mention, rental yield and property appreciation on investment properties in Dubai in these communities is impressively higher.
Palm Jumeirah: This iconic landmark and most prestigious address of Dubai needs no special mention. Spread majestically on the Arabian Gulf, indulge in a premium beachfront lifestyle at a posh setting with global-scale amenities. The Best villa community, Buying a villa in Dubai here makes one eligible for a Golden Visa. Some villas have private beach access! Property price is higher comparatively, but so is higher the ROI.
Emirates Hills: One of the Exclusive Best villa communities in Dubai, with exclusive access to the golf course and privacy. It ranks top amongst popular neighborhoods for villas in Dubai for its 24/7 hi-tech security systems with guarding personnel and world-class amenities sheltering affluent families and distinguished personalities globally. Exclusivity and privacy is top-notch here.
Arabian Ranches: Arabian Ranches in Dubai is the perfect choice for families. It is family-oriented because one gets state-of-the-art community amenities in a peaceful ambience with several parks, playgrounds, schools, recreational areas and arrangements all within a safe gated community. Community events, social gatherings, and activities are common here.
Dubai Hills Estate: Young working professionals are reportedly showing greater inclination towards Dubai villas for sale at Dubai Hills Estate due to its globally-inspired modern design and connectivity with key business hubs and office areas in Dubai. Here, the off-plan and ready-to-move-in properties are superb investments.
How to Set Your Budget for Buying a Villa in Dubai
The market is characterized by fluctuations in prices influenced by various factors such as location, property size, amenities, and current Dubai property market trends.
Jumeirah and Downtown Dubai command premium prices due to their proximity to major attractions and amenities. Villas in Palm Jumeirah properties can reach AED 10 million. AED 2 million are the ones at the lower tier of villas found at less popular neighborhoods like Dubai South and Dubai Investment Park. Around AED 3 and 4 million, reputable real estate developers are now offering villas with 2-4 BR.
Your budget will stretch based on-
- Villa sizes like no. of Bedrooms and Bathrooms
- Modern global-inspired architectural layout design.
- Luxury amenities like swimming pool, private garden, smart home installations and expansive outdoor area.
- Road connectivity of the location and its proximity to social amenities like schools, universities, shopping centers, eateries, entertainment scopes and landmarks
FINANCING OPTIONS
Foreigners can apply for loans. Mortgage options for Dubai villas are available to foreigners residing in or outside Dubai. As per the UAE Mortgage Law, non-UAE nationals (first-time buyers) need to give 20% of the property purchase price (for property worth up to AED 5M) as a down payment. For properties above AED 5 million, it will be 30% of the purchasing price.
Interest rates for expatriates (VAT not applicable) are 6.49% to 13.49% pa. Processing fees for Personal Loans is about 1.05% of the loan amount. Loan repayment tenure is around 25 years for residential foreigners.
Factors to Consider When Choosing a Villa in Dubai
Location and proximity to key areas (schools, malls, hospitals) should top your checklist. If you need to travel hours before accessing and availing of these absolutely necessary social amenities, it is a futile investment for you. Also, poor availability of public transport in the area is not a good indication as well.
The main reason to fly to Dubai and settle there is its appealing lifestyle upgrade. Luxury villas for sale in Dubai must have something extra that is usually available in luxury amenities here. Waterfront, golf course, and family-oriented villa community are what you should opt for if you enjoy budgetary freedom.
His Highness Sheikh Mohammed bin Rashid gave the green signal to the Dubai 2040 Urban Master Plan in 2021. Dubai Marina, JBR, Business Bay, Deira and Downtown Dubai will have the most direct impact. Also, eye the properties at and close to EXPO 2020 Center Dubai Silicon Oasis Centre.
Finding the Right Real Estate Agent in Dubai
- Look for real estate agents who stood the test of time in Dubai.
- Check their ability to find your properties at your desired location.
- Check the availability of reputed real estate developers in the list of their properties.
- Ensure they are registered and licensed with the Dubai Land Department
- Communicate directly and see if they are being cooperative. Disinterest in making things clear repeatedly is a red signal.
- They should provide a range of comprehensive services besides being a real estate broker/agent.
- Do major property portals display their property listings? Check.
Benefits of Investing in a Villa in Dubai
The average rental return in Dubai typically ranges from 6% to 9%, based on the area and property type. For premium rental returns and long-term growth, villas are the best.
[Palm Jumeirah properties usually feature a rental yield of 6%.
Business Bay 7.48%
Dubai Hills Estate 6%
Dubai Marina 6.54 %
Arabian Ranches 6.5%
Downtown Dubai 6.79% ]
Villas are like spacious mansions with exclusive amenities for living a sophisticated lifestyle. So, Why Not Villas?
Common Mistakes to Avoid When Buying a Villa in Dubai
There are NO hidden charges. But, besides paying the property price, one has to pay:
- 4% DLD of total property price
- OQOOD Charge or Admin Fees worth around AED 5000
- Service Charge of AED 3-18/per sq ft.
Not conducting a thorough villa inspection can land you in trouble. Hiring professional snagging inspection services is one of the most practical villa inspection tips in Dubai or anywhere. You cannot do it on your own properly. Save money and time and approach us, at APIL Properties as we are pro in digging out aesthetic and technical issues that might escape your eyes.
Buying in areas with low rental demand without research can be very disappointing. Investment City and Majan are not attention-worthy. Don’t invest in a villa where
- Road connectivity is poor
- Social amenities like schools and supermarkets are missing
- Lifestyle amenities are fewer
- Very far from major Dubai spots
- Neighborhood is mediocre.
- Noisy environment
So,
Good luck with your Villa purchasing and possessing journey now!
