Duplexes in Dubai are some of the most sought-after residential properties in the Emirati real estate market. These developments attract investors and usual buyers because of their necessary features, such as plenty of space, personal amenities, and additional rooms, such as a home office and a maid’s bedroom. Such residences with two or more floors are perfect for families with children who need the ultimate level of comfort and privacy. This type of property is in demand among investors looking for a high and stable income, as well as among expats and retirees who want to have spacious housing and quick access to the central districts of the city.
Is it worth buying a duplex in Dubai, UAE? Which areas are the best for investing in this type of property? How can a buyer close a deal on the most favourable terms? The answers to these questions can be found below.
Contents
- Where is it better to purchase a duplex in Dubai?
- Finer points of purchasing a duplex in Dubai
- Assistance with buying a duplex in Dubai
Where is it better to purchase a duplex in Dubai?
Dubai is a thriving metropolis with a growing economy, innovative projects, a luxurious lifestyle, and world-class infrastructure, and of course, it has become a magnet for investors. However, there are several districts that can be identified as particularly promising locations for purchasing local real estate. The following list includes the best communities in the emirate for purchasing a duplex.
Business Bay
The business district, located on the banks of an artificial canal south of central Dubai, became the emirate’s most visited location last year. It offers rapidly developing infrastructure, including socially significant facilities, leisure and recreation facilities, and the most popular attractions.
The community has become famous for its ultra-modern skyscrapers, which are most often featured on postcards and advertising posters of the emirate. From the windows of most high-rise towers located here, breathtaking views of Burj Khalifa, the water canal, and other hotspots are offered.
Local real estate is in demand among tourists wishing to stay as close as possible to the attractions of Dubai. Therefore, renting out your property in the short term is an ideal option. Housing prices and rental rates have risen by 15% and 34%, respectively, over the past year.
Downtown Dubai
This area is the central part of the city and is located in close proximity to Business Bay. Local real estate is in high demand from wealthy individuals and foreign buyers looking to invest in Dubai. With its world-famous landmarks that include the tallest skyscraper, the largest dancing fountain, and the second-largest mall on the planet, the community remains a favourite for both long- and short-term rentals.
Luxurious high-rise towers, a thriving nightlife, and well-developed infrastructure have made Downtown Dubai one of the most visited areas of the emirate. This affected the local rental market and real estate values, which grew by 14% and 41%, respectively, over the year.
As more wealthy individuals and international executives want to settle in the community, demand for local properties will continue to outstrip supply, and duplexes, with their limited number, will sell for higher prices. Investors who manage to purchase property near Burj Khalifa will be able to earn high and stable returns on online platforms, such as Airbnb.
Palm Jumeirah
The palm tree-shaped artificial island is becoming an increasingly popular investment destination for Dubai real estate. It is the epitome of a luxurious lifestyle, attracting would-be investors with its well-maintained beaches, high-end hotels and resorts, shopping malls, and numerous restaurants serving gourmet foods and drinks.
For this reason, luxury real estate located in the community is highly sought after by tourists and wealthy people from all over the world who seek privacy and the highest quality of life. The cost of local housing and rental rates have increased over the year by 45% and 40%, respectively. This makes the island a promising location for acquiring a duplex.
Dubai Marina
Nestled right between Jumeirah Lakes Towers and Jumeirah Beach Residence, this popular community is teeming with dining, entertainment, retail outlets, and social amenities that allow both locals and tourists to enjoy close proximity to the emirate’s top attractions, including The Walk, Bluewaters Island, and Dubai Harbour. It is a unique collection of modern skyscrapers, located in close proximity to the picturesque embankment stretching for 3.5 kilometres along the artificial canal.
One of the main advantages of Dubai Marina is easy access to the metro and public transport lines connecting the area with the most popular locations in the emirate, including the areas listed above. There are other important infrastructure facilities, well-established kindergartens, top-listed international schools, medical facilities with the latest modern equipment and highly qualified personnel, as well as pharmacies, supermarkets, mosques, and parks.
The area is one of the best places to buy luxury real estate, as evidenced by its 87.04% occupancy rate. Limited supply predicted by experts and a 29% year-on-year increase in rental rates make it a great choice for those who want to get the most out of their investment in Dubai duplexes.
Jumeirah Lake Towers
The community, built around four artificial lakes, is a business hub adjacent to Dubai Marina. It offers the perfect combination of residential and commercial towers and can meet the needs of a buyer with any request and budget. Due to its proximity to prestigious locations such as Downtown Dubai and other areas of interest, local real estate is in high demand among tourists, investors, and expats.
There are also duplexes with waterfront views and first-class amenities. That is why rental rates increased by 27% in a year. Additional community benefits include good transport links and metro stations, 600 retail outlets, over 300 restaurants and cafes, five hotels, childcare facilities, outdoor activities, educational facilities, and more.
Rising rental prices, proximity to major commercial hubs, and relatively low prices for similar amenities compared to prices in more expensive areas make Jumeirah Lake Towers an ideal duplex investment.
The Greens and Views
The community, developed under the leadership of renowned real estate developer Emaar Properties, is part of the massive Emirates Living neighbourhood. It is known for its high-quality buildings and modern amenities, allowing owners and tenants of local properties to enjoy a comfortable and healthy lifestyle. The scenic area is located near Knowledge Park and Internet City. The apartment complexes offering stylish and functional duplexes are surrounded by green spaces and water features, allowing local residents to enjoy breathtaking views and fresh air.
Over the past year, the value of real estate located in the community and rental rates have increased by 9% and 18%, respectively. This quiet and peaceful place attracts mainly families with children and young couples who want to forget about the hustle and bustle of the big city and enjoy nature.
Finer points of purchasing a duplex in Dubai
Foreign buyers should be aware that Dubai duplexes are different from European and American ones. Many people imagine this type of property as a house designed for two families, separated by one wall. In many countries, a duplex is something similar to a townhouse and differs from similar properties only in that it is designed for only two owners.
In the emirate, duplexes are two-storey apartments. They are usually offered in high-rise towers. The only open spaces such properties can have are balconies or terraces. Dubai duplexes are a great option for families or people who need more space but don’t want to buy a villa or townhouse.
Assistance with buying a duplex in Dubai
Are you going to buy a stylish and functional duplex equipped with numerous amenities located in one of the most prestigious districts of Dubai? Our experienced and highly qualified experts in the Emirati real estate market are ready to make your desire a reality. Please feel free to contact our professionals to get assistance with choosing a residential property that fully meets your preferences.
