Under a Million Dirham

Under a Million AED in Dubai

There is a lot of talk and speculation in the Market today, not only here in the Middle East but in the West as well.  Who knows what the future holds but the one thing you can be sure of is that everyone needs a property to live in. 

Looking at the sales from Dec 2017 – Jan 2018 and Dec 2018 – Jan 2019, there is not a lot of difference in numbers or values apart from off-plan sales which have dropped by more than 50%. 

More or less than half of the secondary and off-plan sales have been under a million Dirhams.

14th December 2017 – 14th January 2018

Secondary Market – 1,070 transactions – 444 sales under 1m
Off Plan Registrations – 2,140 – 1,124 sales under 1m

14th December 2018 – 14th January 2019

Secondary Market – 1,153 transactions – 525 sales under 1m
Off Plan Registrations – 1,022 – 562 sales under 1m

Not all the properties under a million are in the outer communities, Dubai Marina saw 92 secondary market apartments sold in the last month with 47 of them being under 1m AED.  Off plan in the Marina had 29 transactions, 10 of which were under a million.

If you are looking to get out of the rental market or looking for a steady 7-8% net return then please reply to this email.

We work closely alongside Just Mortgages, they can give you options within minutes and it may result in you cutting your living costs in half (rent vs mortgage payments.

Laura Adams
Managing Director

Properties For Sale Under 1mAED

Dream Tower 1, Dubai Marina
1 Bedroom, 05 unit
Rented for 76K till September 2019
BUA: 795 sqft.
Pool view
AED770,000 – Call 050 980 6722

Dream Tower 1, Dubai Marina
1 Bedroom, 04 unit
Rented for 68K till October 2019
BUA: 750 sq.ft.
Pool View
AED750,000 – Call 050 980 6722

Marina Diamond 5, Dubai Marina
2 Bedroom, vacant
Sheikh Zayed Road view
BUA: 1100 sq.ft.
Moeen 052 709 3710  

Ritaj (DIP:2, Dubai)
Studio, on Ground Floor, Vacant, Garden Area View
632 sq.ft, One Bathrooms, Balcony, Corner Unit
Open Plan Kitchen, Gym/Swimming Pool/ One AED350,000 net
Moeen 052 709 3710  

Ritz Residence, CBD Business District 
5 Studios, all rented- out
Selling price from AED 345,000, sizes from 548 sq.ft. 7-10% returns
Call Laura 050 980 6722

Ritz Residence, CBD Business District
2 units of 1bedroom plus study  7-10% returns
all rented- out
Selling price from AED500K, size from 790.54 sq.ft.
Call Laura 050 980 6722

Trafalgar Executive, CBD-  International City
2Bedrooms, vacant on transfer
BUA: 1700 sq.ft., huge layout
Selling price: 785K 
Moeen 052 709 3710

The Light, Arjan – Office
482 sq ft, fitted, vacant 
AED425,000 Call 050 980 6722

Saba, Jumeirah Lake Towers – Office
1,118 sq ft, lake view, Furnished AED999.999 
Moeen 052 709 3710

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.