The Dubai property market has an array of real estate offerings to suit buyer needs, here is a comparison of what $1 million can get you in two of the city’s residential real estate hotspots
As the Dubai real estate market continues to attract global investors, two of its top family residential communities – Arabian Ranches and Al Barari – offer distinctively different lifestyles and property options. With a budget of $1 million, potential buyers face a choice between the expansive, suburban neighbourhood of Arabian Ranches and the eco-luxury of Al Barari. But how far does a million dollars stretch in each of these sought-after areas? For $1 million, buyers can usually expect to find a spacious four to five-bedroom villa in Arabian Ranches, typically ranging from 3,000 to 4,000 square feet. At Al Barari, $1 million typically translates to a luxury apartment or a smaller villa.
With a budget of $1 million, here is what you can get in Arabian Ranches and Al Barari:
The Neighbourhood
Price: AED3,250,000 ($884,825)
Location: Al Barari
Features:
- One-bedroom duplex
- 1,331 sq. ft.
- Fully equipped kitchen
- Large private balcony
- Community view
- Parking space
- Local amenities
Palmera 2
Price: AED3,300,000 ($898,438)
Location: Arabian Ranches
Features:
- Two bedrooms, three bathrooms
- 2,357 sq. ft.
- Foyer and powder room
- En-suite bathrooms
- External balconies
- Garden
The Neighbourhood
Price: AED2,600,000 ($707,860)
Location: Al Barari
Features:
- One-bedroom, two bathrooms
- 1,065 sq. ft.
- Recently renovated
- Private balcony
- Parking space
- Local amenities
Palmera
Price: AED3,100,000 ($843,987)
Location: Arabian Ranches
Features:
- Two-bedrooms, three bathrooms
- 2,250 sq. ft.
- Private garden
- Smart home system
- Garage
- Swimming pool
- Built-in wardrobes
Maximising real estate returns
Last week, Arabian Business reported that due to the rise in short-term rentals, investors in Dubai’s real estate market are experiencing higher returns compared to traditional leases. Beyond the increase in demand, there are specific areas which are becoming more well-known for the short-term rental options they offer, including Business Bay, Arjan, Downtown Dubai, and Palm Jumeirah.
“While consumers seek unique experiences curated by diverse hosts, for investors, this is an opportunity to select properties that promise the best returns. Indeed, the growth of short-term rentals is a thrilling development within the real estate sector, and we look forward to its continued success,” said Cherif Sleiman, Chief Revenue Officer at Property Finder. Considering the array of options in the city’s real estate market, experts suggest weighing the pros and cons of each neighborhood to make an informed decision that suits individual buyer needs.
