Dubai Property Market
- 59.7% YoY
Property sale volume
- 79.1% YoY
Property sale value (AED)
A promising up-and-coming property investment destination
With waterfront views, a strategic location, and high rental yields, it’s no wonder that Dubai Maritime City is emerging as Dubai’s next investment hotspot. Savvy investors are already snapping up properties to get in while prices are still low.
Although originally a purpose-built center for the shipping industry, the manmade peninsula is quickly transforming into a thriving business and residential hub. It’s become a magnet for investors and residents from all corners of the world — and with many exciting developments still in the works, expect capital appreciation over the next few years.
Dubai Maritime City’s specialised focus attracts businesses and professionals, ensuring a steady source of demand for properties. But it’s the idyllic ocean views and strategic connectivity with Dubai’s top spots that will make them stick around.
These draws won’t remain under wraps forever, so investors who get in on the action early stand to reap the benefits later.
Available
Properties
- Abu Dhabi
- Ajmal Makan City
- Al Barari
- Al Habtoor City
- Al Sufouh
- Arabian Ranches
- Arjan
- Business Bay
- City of Arabia
- DAMAC Hills
- DAMAC Lagoons
- Downtown Dubai
- Dubai
- Dubai Creekside
- Dubai Harbour
- Dubai Healthcare City
- Dubai Hills
- Dubai Hills Estate
- Dubai Islands
- Dubai Land
- Dubai Maritime City
- Dubai South
- Dubai Sports City
- Dubai Studio City
- Dubailand
- Emaar Beachfront
- Featured
- IMPZ
- Jebel Ali
- Jumeirah Beach Residence
- Jumeirah Golf Estates
- Jumeirah Lake Towers
- Jumeirah Village Circle
- Jumeirah Village Triangle
- La Mer
- Madinat Jumeirah Living
- MBR City
- Meydan
- Mudon
- Nad Al Sheba
- Oman
- Palm Jumeirah
- Ras Al Khaimah
- Serena
- Sharjah
- Sobha Hartland
- South Bay
- The Valley
- Town Square
- Wadi Al Safa 2
- Yas Island
Dubai Maritime City's property market performance
Dubai Maritime City property statistics for completed properties:
- The average transaction sales price in Dubai Maritime City for a 1-bed apartment in August 2023: AED 1.49m
- The average transaction sales price in Dubai Maritime City for a 1-bed apartment in August 2023 per sq ft: AED 1,822
- The average transaction sales price in Dubai Maritime City for a 2-bed apartment in August 2023: AED 2.43m
- The average transaction sales price in Dubai Maritime City for a 2-bed apartment in August 2023 per sq ft: 1,840
- The average transaction sales price in Dubai Maritime City for a 3-bedroom apartment in August 2023: AED 3.09m
- The average transaction sales price in Dubai Maritime City for a 3-bedroom apartment in August 2023 per sq ft: 2,025
Prices can reach AED 15 million for a 6-bed villa, although these make up a minority of the housing stock.
Sales have ramped up recently, thanks to word spreading about Dubai Maritime City’s unique advantages. After a brief blip during the pandemic, the market has now picked up momentum — the sales volume so far in 2023 has been 289. Forecasts suggest this positive trend will continue.
As of spring 2023, there are 254 launched units in Dubai Maritime City. This surge in development is another indicator of growing interest in the area.
Average capital appreciation in dubai maritime city over the past 12 months
- Dubai Maritime City studio property: 7.97% capital appreciation
- Dubai Maritime City 1-bed property: -7.6% capital appreciation
- Dubai Maritime City 2-bed property: 3.26% capital appreciation
Dubai Maritime city boasted excellent capital appreciation in the studio segment over the past 12 months. While one-bed properties lagged behind, the past twelve months don’t provide a full reflection of market trends — plus, growing rental yields and sales paint a positive picture for the region overall.
How to choose a property investment in Dubai Maritime City
Dubai Maritime City is an oasis for beautiful waterfront properties, including iconic buildings like the 44-story Anwa (the region’s tallest tower).
Apartments dominate the market, and investors should keep in mind that studios have recently enjoyed the best price performance. However, there are also a smaller number of townhouses and villas.
The three main areas in the region are Harbour Residences, Marina Residences, and the Industrial Precinct. Harbour Residences is an elegant district home to many luxurious apartments, making it a popular choice among investors. Meanwhile, Marina Residences boasts a blend of commercial spaces and homes, and the Industrial Precinct is primarily a business zone with few residential developments.
To snap up a promising investment opportunity for a bargain price, investors can compare prices in Dubai Maritime City with the cost of equivalent properties elsewhere. In some areas, Dubai Maritime City’s sea-facing spots are 1.5 to 2 times cheaper than other beachfront properties in the city-state.
With plans for many more residential developments and a high number of offplan opportunities, investors certainly won’t be short of choice here.
Dubai maritime city rental yield
Thanks to Dubai Maritime City’s idyllic atmosphere and modern amenities, the area’s rental market is booming. Demand for rental properties is driven by professionals who want to live and work in the growing business district and those taking advantage of seafront views at a more affordable price.
On average, a rental yield for a 1-bed residence is 4.8%, while the figure stands at 5.4% for a 2-bed unit. Studios have the highest rental yield, at 8.2%. These are promising figures that compete with more well-known locations in Dubai.
Rental prices are forecast to remain stable in the near future. However, since the region has ambitions to be a global maritime hub, there’s a strong focus on commercial or industrial developments. As a result, the number of residential units available is relatively limited — so high demand is sure to make rental yields rise.
Starting rental value for Dubai Maritime City property:
- Average rental price for 1-bed properties August 2023: AED 98,047
- Average rental price for 2-bed properties August 2023: AED 143,411
- Average rental price for 3-bed properties August 2023: AED 174,263
- Average gross yield for Dubai Maritime City properties August 2023: 7.1%
Dubai maritime city and location
Dubai Maritime City is popular for its scenic setting by the ocean, but it’s only a stone’s throw away from some of Dubai’s most important locations. The region is around 20 kilometres from the Dubai International Airport, and close to the centre of Dubai and major landmarks like the Burj Khalifa.
Plus, excellent transport connections mean residents can get anywhere, fast. It has close connections to major highways, along with bus routes.
Not that residents will need to go elsewhere. Dubai Maritime City is home to a range of modern amenities, including restaurants, healthcare facilities, and shopping opportunities — plus beautiful beaches and a maritime museum.
As an up-and-coming global shipping center, the area is already home to 299 businesses. This brings a range of career and business opportunities, which will attract people to live in the region.
What is the mix of off-plan and completed properties in Dubai Maritime City?
The share of off-plan projects in sales in Dubai Maritime City is 90%.
This means investors who get involved in the market at this early stage could benefit from an early entry advantage. As more infrastructure is built and the share of completed properties rises, prices could increase further.
Are there good schools in Dubai Maritime City?
There’s a wide selection of high-quality schools in Dubai Maritime City.
Some of the best in the region include GEMS Our Own English High School, Dubai International Academy, and Deira International School.
What investment budget do you need to buy in Dubai Maritime City?
As we’ve seen, prices can range from AED 1,612,800 for a 1-bed property to AED 15 million for a luxury villa.
The house price-to-income ratio for the area amounts to 3-6 years of annual income, making it a fairly affordable area and in line with other regions in Dubai.
