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PHOREE is the only and most trusted iBuyer Real Estate company in the UAE and the Middle East to buy and sell properties. Looking for the best studios for sale in Dubai? We've got you!
Why buy a studio in Dubai
Dubai tops the list among expatriates for its quality lifestyle and impeccable security. From compact studios to high-quality apartments, you can find reasonably priced studios for sale in Dubai. Immense profits, swift processes, and attractive payment plans make property investment easier compared to other countries. It's not a surprise that Dubai scored 9.19% in rental yield, higher than London and New York.
Our reputed and trusted property advisors can help you make the best choice for your money. Whether you're looking for studios for investments or to live and work, we will help you secure a home of your choice at the best rates. We have a selection of exceptional studios in Dubai offering a yield as high as 8% of your investment.
How much does it cost to buy a studio in Dubai?
With different nationalities coming in for work and pleasure from all over the world, Dubai is expanding and offering numerous options to buy and rent studios. A studio in Dubai generally consists of a bedroom, kitchen, and living room in a single open space. You can get fully furnished to semi-furnished studios with a terrace or balcony. Most people who spend much time working or studying outside prefer to buy studios. Manageable space and low maintenance costs are the significant benefits of buying a studio for sale in Dubai.
Like any other place, costs for buying a studio differs based on the location. Jumeriah Village Circle, Silicon Oasis, Deira, and Dubai Sports City are popular areas in Dubai for buying studios at low prices. A studio in Dubai can range from 300 sq ft to 1300 sq ft. Many factors add to the cost of property sale values, like developer company, location, facilities, residential projects, and more. An average cost of a studio for sale in Dubai can range between 100k AED to 900k AED and more.
What points to consider when buying a studio in Dubai
Dubai is a renter's market, especially for foreign nationals. There are significant benefits to buying your own property in Dubai, especially studios. Before starting your search, several points can help you narrow down your search and understand the property value better. Here's a list compiled by our property consultants to help you get started:
- Buying a studio for property investment can affect your purchase process compared to buying for personal use. For instance, buying a studio in a local area with basic facilities can be cheaper. Investing in a studio in most in-demand localities like JVC or Marina makes sense if you're looking for solid returns, which come at a higher price tag.
- Dubai is home to numerous communities. You will probably find young professionals and students living in studios in Dubai. Many tourists and diplomats also prefer serviced studios. Hence, be thoughtful about the community you want to buy a studio.
- It is worth noting that anyone can buy property registered as "Freehold" in Dubai. As a buyer, you are not required to be a resident or obtain a visa. This does not mean limited options. In fact, a studio for sale in Dubai is the best option to get a higher investment profit. You can find tons of ready-to-move-in and off-plan properties as a buyer in Dubai.
- Prime locations do offer luxurious amenities and lucrative returns. However, if you're considering buying a studio for personal use, choosing a property that is well-connected in terms of transportation can save you a lot of time and money. Since traveling occupies a significant time of the Dubai lifestyle, people consider properties nearby to their workplace. Family-oriented nationals prefer gated communities with shared pools, parks, medical stores, and recreational centers.
Why choose PHOREE
Buying a studio in Dubai is quick yet requires thorough research of the property history, price value, and real-estate laws. Laws differ for locals and foreign nationals when it comes to property buying in Dubai. For instance, foreign nationals can lease a piece of land for a longer duration, from 10 to 99 years. Hence, finding a property in leasehold areas can be tricky, especially for expats. PHOREE helps you identify property trends, get exact building specifications, and get the best deals in strategic locations that go easy on your pocket.
We help you make informed decisions. Buy the home you'll love with PHOREE. Get started now!
Contact information
Address: DAMAC XL Tower Floor 19, Suite 1904 Business Bay Dubai, UAE
Hotline: +971 54 990 8590
Email: Info@PHOREE.AE