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£233,642

2 Bedroom Apartment

Botanica, Dubai Marina, Dubai

A great property from which to achieve the famed Dubai Marina lifestyle, this 2 bedroom apartment...

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Property in Dubai

Dubai is now experiencing a resurgence, particularly in selection of key locations. Careful analysis and expert insight from leading industry professionals have revealed that Dubai’s testing times have actually matured the market, guiding it to the next stage of its lifecycle – a more segmented market with defined hot-spots. Now is the time to buy in Dubai Marina. Select have been selling property in Dubai since 2004 becoming Europe’s largest seller of UAE real-estate. In that time, Select have been associated with some iconic projects including the Botanica and Bay Central, two of Dubai Marina’s most prestigious developments and the world’s tallest residential tower, The Torch which Select fully sold out.


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Why invest in Dubai Property

Residents, investors and tenants have used the opportunity of falling prices to improve the quality of their lifestyle by upgrading the standard of the property they own or live in. This effect has recently been dubbed the ‘flight to quality’ as demand for more exclusive areas has grown significantly while lower quality districts still suffer. This is because prices have dropped to a critical point where exceptional value for money is available in Dubai’s most desirable areas. The overall effect this will eventually have on Dubai is the creation of a tiered market, similar to those found in London or New York. While average prices across Dubai remain stagnant, a few key areas are emerging as localised hotspots within Dubai, where increasing prices and rental values are now common once again.

  • High rental yields from quality property in select areas. 3 Year visa available for purchases over 1million AED.
  • Trade and tourism hub between the east and west at the heart of the Arab world.
  • 21st century metropolis with state of the art infrastructure.

Dubai Freehold Properties for Sale

Property in Dubai is no longer treated as if it is part of one all-encompassing market driven by speculation. Instead, Dubai’s property market is now considerably more segmented offering a wide variety of price levels and property types within different neighbourhoods. This has been the result of a severe price correction which has seen the value of Dubai apartments and flats for sale in Dubai drop dramatically. While this process was initially detrimental to Dubai property, it now seems the long term effects have been relatively positive.

The Dubai real estate market has now matured more in-line with other major international cities such as London and New York. The market is viewed as a wider spectrum with clear low end and high end localities, all offering different prices levels and rates of growth.

In response to the market behaving in this way we have witnessed a phenomenon dubbed ‘the flight to quality’. This has occurred due to the realisation that some districts are far more desirable than others, signified by how well property there has held its value following the price correction. The ‘flight to quality’ has been driven by ‘real demand’, created by Dubai’s inhabitants noted by estate agents.

Now we see Dubai houses for sale in areas like Dubai Marina, the Palm Jumeriah and Downtown holding their value much better than less exclusive areas that still suffer declines. Districts like Dubai Marina have even experienced price increases in some instances since the beginning of this year with Dubai Marina apartments for sale growing in popularity.

The reason for this is simple. Dubai’s tenants and local residents have used the opportunity of lower prices to upgrade their accommodation and live in better Dubai apartments. The price declines that the market experienced as a whole have created considerable value in the most desirable areas and therefore now seems to be the time to buy in the eyes of those who know the market well.

This ‘flight to quality’ has also been apparent in the most exclusive properties, within the more exclusive areas. Numerous reports now indicate that the luxury end of the market is moving much faster than originally thought – accelerating past the rest of the market. Demand for Dubai villas for sale and generally for villas in Dubai has increased considerably, especially in the most prominent districts.