Different TYPES OF RESIDENTIAL REAL ESTATE BUY PROPERTY IN DUBAI

1. TYPES OF RESIDENTIAL REAL ESTATE BUY PROPERTY IN DUBAI Presented by : Inch & Brick Realty

2. WHAT KIND OF HOUSES AND APARTMENTS ARE AVAILABLE IN DUBAI? • Dubai is an area of massive construction, with thousands of completed and under-construction projects. The real estate market in the emirate is vast and almost any type of buy property in Dubai can be found here. In this article, we will discuss the most popular types of buy properties in Dubai. The Dubai real estate market includes: • Studio; duplex; loft; penthouse. • studio; • Duplex Apartment; • attic; • Penthouse. • townhouse; villa. • townhouse;

3. What are apartments in Dubai like? Apartment sales in Dubai exceed those of private homes. For example, 1,335 apartments were sold in September 2021, while just 708 villas and townhouses were sold, according to analytics service Property Monitor. 01 Studios are the most affordable apartments, with an average cost of AED 1,200 ($326) to AED 1,400 ($381) for 1 square metre. A studio apartment in Dubai is a two-bedroom apartment where one room is a fully furnished bedroom and the other is a living room and kitchen. Inch & Brick Realty 02 The most popular and often offered Buy residential property in Dubai sellers in Dubai are two-bedroom apartments. Most apartments for sale in Dubai are between 93 and 186 square metres in size and cost less than AED 2.5 million ($680,500). The most spacious and expensive apartments are located in the Palm Jumeirah area. 03 According to data from analytics portal Property Trends, in November 2021, the majority of apartments in Dubai were sold in two areas: Business Bay and Dubai Marina (788 and 742 transactions respectively). Average price per 1 square metre In November 2021, apartments here cost AED 18,200 (USD 4,900) and AED 13,800 (USD 3,700). • 04

4. What are apartments in Dubai like? • The most affordable apartments in the housing under construction (off-plan) category in Dubai in November 2021 are located in active development areas, less than half an hour away from the Persian Gulf and the city centre. We are referring to Dubailand and International City. For example, homes in the mid-rise Rukan Maison (Dubai) residential properties in Dubai, which will be delivered in the first quarter of 2023, can now be purchased for AED 11,000 (USD 3,000) per 1 square metre. The developer planned a park area with landscaping and recreational areas, as well as a swimming pool and playground. • In addition to the beach and marina, one of Dubai’s largest shopping malls is located here, with an area of over 36,000 square metres. Because the area is so attractive to tourists, local accommodation is often rented out as short-term rentals. Crowdfunding platform SmartCrowd estimates that average returns for apartments in Dubai Marina will be 8–9% in 2021, compared with 4–5% in the rest of the city.

5. Unique apartments: duplexes, lofts and penthouses Penthouses in Dubai are two-story or overlook apartments on the top floor of a building, often with terraces and private swimming pools. Penthouses can be one, two or even three stories high. Typically, penthouses are larger than any other type of housing, even larger than most villas. Duplexes, lofts, and penthouses are similar types of expensive apartments that are sometimes confused. A duplex is an apartment with two floors. Loft — an apartment with a second light, a space without overlapping ceilings, so that the room visually appears wider than it actually is. Like the duplex, here there is also a second floor, but its area is smaller than the first floor by the size of a second light. a penthouse Apartments are available for less than the price of exclusive Palm Jumeirah townhouses. Demand for penthouses has increased in 2021, so much so that they are expected to appear on the secondary market, Gulf News reports. Luxurious three-story penthouses overlooking the city and the Persian Gulf can cost tens of millions of dollars. For example, in August 2021, a three-storey penthouse at The Residences Dorchester Collection in the Business Bay neighbourhood sold for AED 74.9 million ($20.4 million),

6. As of early 2022, the average cost per square metre of a townhouse under construction is: • Al Furjan from AED 7,780 (USD 2,120); • Valley from AED 7,750 (USD 2,110); • Tilal Al Ghaf from AED 8,811 (USD 2,399); • Arabian Ranches 3 prices start at AED 10,832 (USD 2,949).

7. Townhouses vs. Villas: What’s the Difference? TownHouse A townhouse is a low-rise house divided into several multi-level apartments, each with its own entrance and terrace. This is a great option for those who want the benefits of owning their own home in a well-located complex, but don’t want to overpay. Villa A villa is a comfortable private residence in a single-family house, usually with a garden and swimming pool on its territory. Villas in Dubai are more common than townhouses. As of the end of 2021, the average price of a one square metre villa in Dubai was AED 10,500 (USD 2,800).

8. Different Communities in Dubai By Top Developers Valley Damac Hills Emaar • The Valley is a gated luxury community with a private beach and park by developer Emaar. Off-plan townhouses are now available for purchase and will be delivered by the end of 2024. Tilal Al Ghaf is a neighbourhood by developer Majid Al Futtaim. The community master plan was updated in November 2021, with the lagoon area increased by 50%, the green area increased by 20%, and the building density significantly reduced. In the Arabian Ranches 3 community, developer Emaar offers townhouses with a common wall as well as stand-alone villas. Some of the rooftops feature spacious seating terraces and gardens. Several of the buy property in dubai for sale are scheduled to be completed in early 2023. • The Damac Hills community is located in the heart of the Dubailand community. The neighbourhood was originally built around the Trump International Golf Club. In 2021, Damac revised its master plan and announced its decision to develop part of the golf club’s course into residential real estate buildings and the rest into football fields, basketball courts and cricket fields. • Emaar Waterfront and Dubai Harbor communities are leaders in the primary housing market in autumn 2021. In the secondary market for villas and townhouses, the most popular communities are Damac Hills and Damac Hills 2 and Al Furjan. The average price of a 1 square metre villa in Damac Hills is around AED 12,800 ($3500), while the average price in Al Furjan is around AED 9200 ($2500). These communities are dominated by townhouses and villas.

9. Dubai’s most popular residential areas • A residential complex differs from an independent building in its overall architectural concept, which is considered by the developer. The concept combines one or more residential property in Dubai, functionally related infrastructure and the planned landscape of the surrounding area. For example, in the closed Emaar seafront complex, the following features are planned and have started to be implemented: • lighthouse with observation deck; • Clean beach, 1.5 kilometres long; • The yacht club has a marina with a capacity of 1,400 berths. • The management company is responsible for the management of the common areas of the residential complex (pathways, greenery, swimming pools, playgrounds). • The most popular apartments buy on the Dubai market in November 2023 are located in the following residential real esate areas: • five luxurious suites at Jumeirah Beach Residences (JBR); • BV Residences 2, Jumeirah Bay Island; • Five Palm Jumeirah Islands in Dubai; • One Palm Hotel in Palm Jumeirah; • Banyan Tree Dubai Hillside is located in JLT.

10. Professional assistance in buying property in Dubai Inch & Brick Realty • Inch & Brick is a real estate company in Dubai advising you on all aspects of buying, selling and renting properties in the UAE. Our qualified experts will help you with mortgages, insurance and after-sales services in the UAE. Specific options for all types of apartments and private houses available for sale can be viewed on the website. • info@inchbrick.com • www.inchbrick.com • Inchbrick Realty, Office 1303,1302 13th floor, Burlington Tower Business Bay, Dubai, United Arab Emirates • Thank's For Watching