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Dubai Harbour

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Dubai Property Market

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THE PINNACLE OF WATERFRONT LIVING CATERING TO DUBAI’S HIGH-END MARKET

Nestled between Dubai Marina and Palm Jumeirah along a two-kilometre coastline, Dubai Harbour overlooks the Arabian Gulf’s shimmering waters and has cemented itself as one of the city’s most exclusive neighbourhoods.

Created by some of Dubai’s most prestigious developers, Dubai Harbour seamlessly combines natural landscapes with modern architecture that includes a world-class cruise terminal featuring a combined floor area of 120,000 square metres.

Thanks to a combination of luxury homes that include apartments, duplexes and penthouses, as well as a range of stylish amenities, investors are presented with an exciting opportunity to own premium real estate in one of Dubai’s most sought-after areas.

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Sobha Sea Haven

DAMAC Bay 2 by Cavalli

DAMAC Bay by Cavalli

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Dubai Harbour's Property Market Performance

One-bedroom apartments, in particular, have performed well in Dubai Harbour. They’ve seen an upward trajectory over the last 12 months, increasing from an average of AED 2,765,000 to AED 3,200,000.

The average asking sales price in Dubai Harbour in December 2024: AED 3,200,000
The average asking sales price in Dubai Harbour in December 2024 per sq.ft: AED 3,593
The average transaction sales price in Dubai Harbour in December 2024: AED 5,700,000
The average transaction sales price in Dubai Harbour in December 2024 per sq.ft: AED 3,894

Average capital appreciation in Dubai Harbour over the past 12 months

How to Choose a Property in Dubai Harbour

Properties in Dubai Harbour are primarily situated in three areas: Emaar Beachfront, Sobha Seahaven and Damac Bay.

Beach Vista and Sunrise Bay at Emaar Beachfront are suitable for families, offering direct access to the beach, unobstructed views and high-quality finishes and interiors. Marina Vista, also at Emaar Beachfront, offers a range of one to four-bedroom apartments, providing a variety of housing options to cater to varied needs and tastes. All are located on Emaar Beachfront Island in Dubai Harbour, near the marina and beaches.

Sunrise Bay is positioned in one of the much-desired waterfront districts neighbouring the Jumeirah Beach Residences and the Palm Jumeirah, making it an attractive location for single professionals who enjoy access to vibrant areas like Dubai Marina.

Additionally, Grand Bleu Tower is designed to attract high-earning individuals who appreciate resort-style living. It offers access to beaches, marinas, yacht clubs, malls and dining venues. The interiors and living experience are designed by fashion icon Elie Saab, providing a sense of quality, magnificence and sophistication.

The Rental Market in Arjan

The rental market in Dubai Harbour caters to a luxury-seeking demographic who want upscale living spaces with the best views of the Arabian Gulf and beyond. Such a market is willing to pay the premium prices, and investors can expect yields of between 5.5% and 6.7%.

The prestige of owning one of these properties, along with the higher price points, makes Dubai Harbour an appealing proposition for investors. For instance, a one-bedroom apartment achieves in the region of AED 165,000, which is significantly more than the city average of AED 64,392.

Average rental price for 1-bed properties: 145,000
Average rental price for 2-bed properties: 235,990
Average rental price for 3-bed properties: 409,000

Dubai Harbour real estate outlook

Dubai Harbour’s luxury waterfront location is emerging as an area for strong residential investment. Forecasts show that by the end of Q4 2023, Dubai Harbour is expected to experience an average price growth of 6.18%.

The area also recorded the highest transaction value for initial sales in Q3 2023, amounting to AED 3.04 billion.

The overall real estate market in Dubai has shown strong growth, with Q3 2023 seeing a 37% annual increase in total sales. The market also saw an 18% surge in property prices during Q3 2023, and Dubai Harbour has been a key driver.

The city’s strategic location as a global business hub, provider of tax-friendly policies and trusted developers all contribute to its position as an attractive destination for property investment.

Dubai harbour location and lifestyle

The lifestyle at Dubai Harbour epitomises maritime living, offering residents stunning water views and access to the largest marina in the MENA region. The marina includes a wide array of amenities, such as an 875,000-square-foot shopping mall, yacht clubs, cruise ship terminals and hotels.

A key feature of the area is a 135-metre tall Dubai Lighthouse, inspired by the Alexandria Lighthouse, one of the Seven Wonders of the Ancient World. Dubai Harbour is also strategically located near several landmarks and points of interest, including The Walk at JBR, a popular beachfront promenade lined with cafes, restaurants and boutiques, as well as the iconic Burj Khalifa, which is the tallest building in the world.

It’s not just a residential area but a hub for leisure and nightlife, with proximity to popular entertainment and restaurant venues, such as Pier 7, Massimo’s Italian Restaurant and Sloane.

The community aims to redefine resort-style living by the water with a contemporary architectural style that enhances its waterfront location.

What is the mix of off-plan and completed properties in Dubai Harbour?

Several projects at Dubai Harbour have reached completion, providing investors with move-in-ready apartments that can be made immediately available on the rental market post-purchase. These include Marina Vista, Beach Vista and South Beach.

For investors looking to the off-plan market, Grand Bleu Tower 2, another project by Emaar Properties, is expected to be completed in Q1 2024, while Palace Beach Residence is set for completion in Q4 2025.

WHAT INVESTMENT BUDGET DO YOU NEED TO BUY PROPERTY IN DUBAI HARBOUR?

Dubai Harbour is designed with luxury in mind, and that comes at a premium. Investors can expect to pay an average of AED 2,625,000 for a one-bedroom apartment and AED 6,250,000 for a three-bedroom property.