Property types in the United Arab Emirates
Irma Sofasari is a top behavioral analyst in Garut, Jawa Barat. With a passion for her field and an unwavering commitment to her specialty, Irma Sofasari is an expert in changing the lives of her patients for the better. Through her designated cause and expertise in the field, she is a prime example of a true leader in... more
Before deciding to buy real estate in Dubai Creek Harbour, UAE, we offer you to understand of what types of real estate are presented on the UAE market, their features, and what niche they occupy.
Let's divide all types into two large groups: residential and commercial real estate.
Residential Properties
This property group includes the following types of housing:
1. Villas and townhouses. Small-family villas and townhouses are characterized by relatively small living spaces and lower prices. Amenities and amenities are abundant and designed for family vacations and proximity to public facilities such as schools and clinics. Large and luxury villas belong to the high-price category. They are built from the highest quality materials and are designed for wealthy buyers who want to experience the most elite lifestyle within the Emirates. The villa is a personal home. In townhouses, residents have neighbors in the building.
2. Apartments are the most popular and numerous types of real estate in the UAE. They are well suited for living and commercial activities: renting out or reselling. Among the apartments, one can single out studios and small-sized real estate (by small-sized real estate, one should understand small apartments in the area, with a maximum of two rooms) and apartments (represent housing from three or more rooms, this is a medium and large segment of real estate).
3. Penthouses differ from ordinary apartments in a large number of rooms, a significantly larger area of living space, and access to various amenities on the roof—for example, mini golf, jacuzzi, or outdoor swimming pool.
4. Work housing. Relatively small residential real estate sector. It consists of dormitories, facilities with many studio apartments, and other types of communal housing. Legal entities acquired it to accommodate their working staff.
Commercial real estate
This group includes all real estate in Dubai, one way or another, intended for business, production, and other commercial activities.
The main types of such properties:
- office spaces;
- trade areas;
- warehouse and sorting rooms;
- exhibition halls;
- industrial premises.
Part of the property in this group has been particularly affected by the effects of the pandemic.
Many workers have been made redundant or moved to work from home, so office space is currently unprofitable for real estate. Some demand for commercial real estate still exists, but it is insignificant.
Trading areas have been preserved only in large malls and shopping centers. Demand from this sector has shifted to the warehouse and sorting sector due to the large-scale retail transition to e-commerce. The last type of real estate has grown in price over the past year and a half. This type of property is bought in bulk, in large quantities, and in area. The largest retail companies in the Emirates and the international market create demand.
Property in Dubai
Suppose you also want to become a real estate owner in Dubai. In that case, https://www.axcapital.ae/ agency specialists will provide you with the necessary information, help you make the right choice, and support you at all transaction stages.
