Seafront real estate in Dubai is a distinguished addition to the world of luxurious Emirati urban design. The establishment of many types of properties has spread along the coastal area of Dubai. Including residential and commercial buildings of different sizes and attractive architectural styles that mimic the style of Western architecture in New York and Manhattan.
- The demand for buying and renting properties overlooking the sea has increased by national and foreign customers, with the intention of staying in a charming place that combines a stunning view with unique service and entertainment facilities or for the purpose of investing and achieving high profitable returns.
In this regard, we have devoted our next article to providing a comprehensive explanation about investing in seafront real estate in Dubai. We will also review the best marine areas designated for real estate investment while listing the most prominent opportunities and challenges facing the investor in this field.
The rapid development of the seafront real estate market in Dubai
The seafront real estate market in Dubai has witnessed significant growth in recent times, especially with the launch of many real estate projects, including residential, commercial, and entertainment buildings. This is with the aim of meeting the requests of a large segment of customers wishing to invest in this region.
The properties in the coastal area in Dubai have exceptional natural views and strategic locations, which made them the focus of attention of Arab and foreign investors. This has contributed to the increasing pace of sales and rentals of various types of properties overlooking the sea at varying prices.
Investing in the seafront real estate market in Dubai
Investing in Dubai’s seafront real estate market is a successful and profitable option for investors from different countries. This depends on the following basic factors:
Capital appreciation for investors
Investing in the UAE real estate market has generated increased capital appreciation for investors. Especially seafront property investment in Dubai. The demand of customers to buy and rent properties overlooking the sea has increased significantly recently. This is why the market value of coastal area real estate will rise in the near term. Thus, investing in it has become a unique and profitable opportunity with a clear increase in capital and an increase in its price value over time.
High rental yields for seafront properties in Dubai
There is a high demand for properties overlooking the sea by expatriates and tourists coming from several countries to Dubai. This makes it an ideal opportunity for rental investment. Expatriates pay the investor’s asking price for renting a luxury apartment or villa with a distinctive coastal view. Therefore, the investor’s profitable return on investment will increase through increased rental returns in the long term.
Tax exemption for seafront properties in Dubai
Tax exemption for most coastal area properties has helped increase the number of investments in the area. Tax-exempt real estate areas are an ideal target for starting investment. Whether for sale or rent, this contributes to increasing monthly or annual profit returns. It also supports the investor’s net capital and increases his profits to very high levels in the future.
High-level infrastructure
Dubai real estate is distinguished by its high-level infrastructure, service, and entertainment facilities, including seafront properties. Whether extended real estate in marina areas, public and private beaches, as well as luxury restaurants and retail outlets. The distinctive lifestyle in the coastal region has contributed to attracting large numbers of expatriates. In addition to attracting more investors who want to operate their money and achieve continuous profits.
Security and transparency in the Dubai real estate market
Many investors want to put their money into the Dubai real estate market, given the overall safety and regulation of the market. Especially with the Dubai Land Department supervising the registration of all real estate transactions and procedures. This is to prevent any violation or transgression and to guarantee the rights of investors, buyers, and tenants within a very reliable and safe investment environment.
The best seafront areas in Dubai for investment
The best seafront real estate areas in Dubai designated for investment are as follows:
Palm Jumeirah seafront properties
Palm Jumeirah is one of the best coastal areas in Dubai. It is also distinguished by its unique architectural design in the shape of a palm tree. It also includes a distinctive group of sea-view properties in different styles and charming views of the Golden Beach line. Thus, it has gained wide fame and attracted many Arab and foreign investors to start their investment projects and profit from them.
Jumeirah Beach Residence
Jumeirah Beach Residence real estate offers many profitable investment opportunities. The average selling price per square meter is 1,440 AED. It is also expected that the market value of various properties overlooking the sea in this area will rise during the coming period. Thus, increasing the number of investors and taking advantage of the best offers of apartments, villas, and hotels equipped with the best service and entertainment facilities throughout the region.
Dubai Marina
Dubai Marina is famous for its charming seafront, which includes the most beautiful and luxurious properties in Dubai. It also offers a wonderful combination of splendid architectural design, quality services, and recreational facilities available to residents and tenants at high prices. This has significantly encouraged investment offers in the region. Especially since the average selling price per square meter is 4077.4 UAE dirhams, and the price is expected to rise in the coming periods.
Dubai Creek Harbour
Dubai Creek Harbor is distinguished by its exceptional location, which has contributed to attracting the best real estate investments to the region. The average selling price per square meter is approximately 1,817.5 UAE dirhams. The properties received this good sale price due to its wonderful sea views and its location in the center of Dubai and Business Bay. In addition to the proliferation of luxurious restaurants and cafes along the port, which constantly attracts tourists and expatriates.
Benefits of living in seafront properties in Dubai
Staying in a seafront property in Dubai brings the following benefits and advantages:
Living in a healthy and ideal place
Properties in the coastal area in Dubai provide distinguished accommodation for residents by living within an ideal healthy environment. Many studies have proven the effect of enjoying the sea view and breathing the pleasant sea air in improving mood. It also contributes to reducing stress and maintaining heart health. In addition to supporting and strengthening bones through proper exposure to sunlight in the early morning hours and improving the course of many diseases such as diabetes and high blood pressure, due to the improvement of the psychological state and its impact on physical health.
Diversity of recreational activities
There are many recreational activities that can be practiced when staying in the seafront areas of Dubai. Including going on a special trip on one of the luxury yachts, or enjoying water skiing and paddling with the waves. Also, sunbathe for some time at the beach with friends or family. In addition to going to the most famous restaurants, eating the most delicious seafood dishes, and spending the night under the moonlight in a beautiful and calm atmosphere.
Charming natural views
Seafront apartments in Dubai feature amazing natural views, especially for lovers of nature and romance, as you can enjoy the view of the calm crashing of the sea waves. Also, sit on the balconies and watch the sunset and its merging with the seawater in a strange and unique view.
Obtain high investment returns
Seafront real estate in Dubai is one of the best properties for sale and rent. This is due to its distinctive natural view and strategic locations, in addition to the quality of its infrastructure and service and entertainment facilities. Consequently, the demand for it from buyers and tenants has increased at the required price. This contributed to achieving high investment profits for investors, whether from sales or rental operations.
Factors affecting the rise in seafront real estate prices in Dubai
The rise in seafront property prices in Dubai is affected by the following factors:
- Indicators of economic growth in Dubai: Economic growth in Dubai affects the prices of real estate overlooking the sea. Including the growth of the gross domestic product, job creation rates, and the prosperity of the level of per capita income. The demand for buying and renting coastal real estate increases with periods of economic growth and improved standards of living. While demand decreases and prices decrease in cases of economic recession in the country.
- Supply and demand in the UAE real estate market: It is common for real estate prices to rise as demand increases and exceeds the available supply. Otherwise, prices generally decline when demand decreases and real estate supply increases.
- Geographical location: The exceptional location of seafront properties in Dubai plays a major role in increasing their demand. Consequently, its market value increases compared to the rest of the real estate areas. This attracted the attention of investors and contributed to increasing their investments in coastal real estate.
- Real estate interior design: The quality of the property’s interior design and its unique artistic and construction character significantly increases its price. Especially when choosing high-quality materials for covering floors, walls, and ceilings.
- Currency exchange rate fluctuations: The marine real estate market in Dubai is affected by up and down currency exchange rate fluctuations. This is reflected on investors by achieving good profitable returns or bearing the costs of the price difference and financial losses as a result.
Dubai strategy for developing seafront real estate in Dubai – UAE
The UAE government has adopted strategic and systematic plans to develop seafront real estate in Dubai, as follows:
- Working to increase the number of properties on the beach over a length of 54 kilometers, including hotel apartments, luxury hotels, and resorts.
- Commitment to plans that support investment on the seafront in Dubai and provide all legal and financial facilities to new investors.
- Clarifying future visions based on making the best decisions to construct buildings and facilities equipped with the most luxurious service and tourism facilities.
- Implementing plans to establish many luxury restaurants, rest houses, and retail stores along the beach.
- Development of the new beach around Palm Jumeirah and Palm Jebel Ali, with a length of 8 km.
- In addition to the opening of a public bus route, with the aim of connecting Jebel Ali Metro Station directly to the beach.
Seafront real estate in Dubai
The most popular areas to buy seafront properties in Dubai
We list for you the most popular areas to buy seafront properties in Dubai as follows:
Bluewaters Island
It is one of the artificial islands distinguished by its strategic location adjacent to Jumeirah Beach Residence. The island also includes some of the best seafront properties in Dubai. Including luxury apartments and houses with charming views of the Persian Gulf. The marine area also provides many restaurants, shopping centers, a circus, and other favorite entertainment for customers.
Port de la Mer
Port de la Mer is considered one of Dubai’s best seafront real estate areas. It is distinguished by its prestigious geographical location in Jumeirah – Dubai. It also offers elegant apartments overlooking the beach and a yacht marina. In addition to a chain of restaurants, luxury stores, and distinguished clubs, the most famous of which is La Mer Club.
Marina Mansions – Dubai Marina
Marina Mansions is located in the Dubai Marina area and includes a 30-storey hotel property on the Dubai seafront. The hotel also includes the most important service and entertainment facilities needed by guests. Including a health club, gym, swimming pools, and tennis courts, in addition to the beauty of the stunning coastal view.
Blakely Tower – Dubai Marina
Blakely Tower is located in the Dubai Marina area and is one of the best seafront properties in Dubai. It includes a building consisting of 24 floors, and each floor consists of several modern one- or two-room apartments with a kitchen and bathrooms. Blakely Tower is considered a distinctive choice for tourists who want to enjoy the tranquil natural scenery on the beach. Also, in order to have a comfortable stay with the best service features and entertainment facilities such as restaurants, shopping centers, gyms, swimming pools, and children’s play halls.
Transforming marine real estate in Dubai into luxury resorts
The UAE government was keen to support the real estate investment sector, as it set out to create many luxury properties along the seafront in Dubai. Effective plans have also been drawn up to convert most of the high-rise buildings or independent apartments and villas into luxury resorts.
- In addition to opening many restaurants and cafes on the ground floors of the high-rise buildings and equipping them with the best supplies. This is in the context of supporting the tourism sector and attracting guests for long stays and returning again. This will increase real estate investments in seafront areas and achieve high annual profitable returns.
Arab investors and marine real estate in Dubai
Seafront real estate in Dubai is in great demand among Arab and foreign investors. The real estate market in Dubai is also witnessing strong competition between Arab and international investment groups. This is with the aim of obtaining licenses for their real estate projects along the beach in Dubai.
- As is known to everyone, the stability of the political and economic situation in the Emirates plays a prominent role in increasing real estate investment opportunities and profiting from them. Especially in apartments and resorts overlooking the sea, which attract the attention of investors from different countries of the world, especially the Gulf Cooperation Council countries.
Seafront properties in Dubai as a distinguished tourist destination
Seafront real estate in Dubai is considered one of the best and unique tourist destinations in the emirate. This depends on the location and distinctive view, as well as on the quality and luxury of the service and entertainment facilities available to all guests and long-term residents. News continues to circulate about the growth of the marine real estate market and its market value maintaining an increasing growth over time. Thus stimulating investment projects in and increasing the number of investors from all over the world.
Here we have reached the conclusion of our article about investing in seafront real estate in Dubai. Through it, we reviewed the most important investment opportunities, and the factors influencing and confronting all the challenges of the marine real estate market in Dubai. In addition to mentioning a distinguished group of luxurious coastal properties that are enjoyable to visit and have a distinguished stay in one of its luxurious hotels and resorts.
