Dubai Beachfront: Apartment Prices Starting at AED 80,000

Quick answer: Discover top-value sea view apartments for rent along Dubai's beachfront, featuring insights on pricing, features, and local nuances.

If you're looking at sea view apartments in Dubai’s vibrant beachfront, prices typically start around AED 80,000 per year for a one-bedroom unit. This could rise to AED 200,000 or more for luxury three-bedroom homes. The price you’ll pay depends significantly on the exact location and the amenities offered, such as beachfront access and pool facilities.

Pro tip: Consider a property with direct beach access; it can significantly boost your rental experience and potential returns if you decide to invest.

Top Areas for Rentals: JBR and Dubai Marina

When it comes to prime locations, Jumeirah Beach Residence (JBR) and Dubai Marina lead the pack. With over 15,000 apartments, JBR is famous for its beachfront lifestyle. On average, rentals here can fetch AED 120,000 yearly for two bedrooms.

Service Charges: Knowing What to Expect

Be prepared to factor in service charges, which typically range from AED 15 to AED 25 per square foot annually. This can add substantially to your overall expenses, especially in larger units. For example, if you're renting a 1,500 sq. ft. apartment, you might face service fees of up to AED 37,500 annually.

Return on Investment: Rental Yields Between 5-7%

Investors can expect attractive yields from these hot markets. The rental yields across Dubai’s beachfront apartments generally range from 5% to 7%, making it a lucrative option for property buyers. Opting for furnished units often ensures higher demand.

Mortgage Details: What You Need to Know

For those considering a purchase, most banks offer mortgages ranging from 70-80% of the property value. Assuming an apartment valued at AED 1 million, your down payment could be between AED 200,000 to AED 300,000 depending on the bank’s terms.

Key Figures to Keep in Mind

• Average rent for one-bed apartments: AED 80,000
• Two-bedroom apartments in JBR: AED 120,000 annually
• Three-bedroom rentals can exceed AED 200,000
• Service charges: AED 15 - AED 25 per sq. ft.
• Typical rental yield: 5-7%
• Average price per sq. ft. in Dubai Marina: AED 1,800

Example Calculations

Mortgage Payment

Example: For a AED 1 million property, with a 20% down payment, a 4.25% interest rate, and a 25-year term, your monthly payment could be approximately AED 4,500.

Rental Yield Calculation

If a AED 1 million apartment rents for AED 70,000, the yield is calculated as follows: (AED 70,000 / AED 1,000,000) * 100 = 7%.

Local Fees: What to Watch Out For

When renting, don't forget about local fees, such as DLD registration and Oqood fees. These can add an extra layer of cost during the process.

Watch out: Always clarify with your agent what additional costs might apply to your rental agreement.

FAQs

What is the average rental duration in Dubai Beachfront?

Most leases are typically for one year, but some landlords may consider shorter terms, particularly for fully furnished units.

Can I negotiate rental prices in Dubai?

Yes, negotiating is common in Dubai's rental market; some landlords are willing to lower prices for the right tenant.

Is it worth investing in a beachfront property?

Absolutely, with high demand and attractive yields, beachfront properties often present a strong investment opportunity.

What additional fees should I expect with renting?

Be prepared for service charges, utilities, and the potential need for a security deposit.

What types of zoning are common for Dubai beachfront apartments?

Most beachfront zoning in Dubai allows for residential and mixed-use developments, enhancing property value.

Related reading

• Dubai Beachfront: Best Sea View Apartments for Rent
• Which Dubai Marina Units Can You Buy for Under AED 2M?
• How Off-Plan Developments in Al Mina Dubai Are Worth Your Investment?
• What Do You Need to Know About Off-Plan Opportunities in JVC?

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