What is the best place to live in Dubai?
Dubai is home to people from across the world and naturally, all of them want to live in the trendiest neighbourhoods in the city. The best area to live in Dubai will vary based on people’s personal and housing preferences. Still, the essence of the best residential area in Dubai goes beyond the parameters of individual preferences.
The emirate of Dubai has an eclectic mix of residential areas that include newer self-sustained districts and older communities that are revamped periodically to cater to the population’s changing needs. Each neighbourhood has all the amenities its residents need and offers high living standards. So the question, ”Which is the best area to live in Dubai?” is tricky to answer.
However, some neighbourhoods have organically evolved to become more popular than others over time. This is the case with Dubai Marina, which can be considered the best place for living in Dubai. Today, we examine why Dubai Marina still remains as popular as ever.
Dubai Marina is the best place to live in Dubai
What does one typically look at when deciding on a place to live in Dubai or when planning to invest in the city? Most people would perhaps consider:
- Amenities on offer
- Entertainment options
- The area’s connectivity with the rest of the city
- Commuting options, including public transport links
- The average return on investment and rental costs
Based on these parameters, if you analyse Dubai Marina, it would certainly fit the bill as a good area to live in Dubai.
Dubai Marina covers 4.6 million sq. m. area and is considered the heart of the area we now know as ‘New Dubai.’ The area has luxury residential high-rises, dazzling restaurants, sports facilities and entertainment options — all adding to its popularity as the best residential district in Dubai.
According to Bayut’s 2023 Dubai Annual Rental Market Report, Dubai Marina is the most popular area to rent luxury apartments in the emirate.
- You can expect to pay AED 57k for a rental studio in Dubai Marina.
- The rental price rises to AED 102k and AED 163k for 1 and 2-bed apartments.
- To rent a 3-bed flat, the financial outlay would be AED 260k.
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Similarly, when we look at Bayut’s 2023 Dubai Annual Sales Market Report, Dubai Marina is among the popular areas to buy luxury apartments. Perhaps one reason is that these flats also offer a high ROI.
- To buy a studio in Dubai Marina, you will have to pay AED 1.27M, on average.
- The asking price rises to AED 1.63M for a 1-bed flat.
- For 2 and 3-bed apartments, you will have to pay AED 2.76M and AED 4.4M, respectively.
- The ROI for apartment sales in the area is 5.96%
One thing that is noteworthy is that Dubai is constantly evolving and newer localities like Dubai Hills Estate have been established. Yet, Dubai Marina has retained its charm among tenants and investors as the best place to live for expats and locals in Dubai.
Whether you are looking for a suitable area for families or the best place to live in Dubai for singles, Dubai Marina is likely to be top of any list.
Entertainment Avenues
If your motto in life is ‘work hard and party harder,’ Dubai Marina is just the right neighbourhood for you. It is brimming with entertainment avenues, which you can hit after a long day at work or on the weekends. This is why Dubai Marina is the best area to live in Dubai for tourists and the best area to live in Dubai as an expat.
You can head to the beach and enjoy water sports like jet-skiing, paddle-boarding, etc. If you enjoy the nightlife, there are some amazing nightclubs in Dubai Marina with excellent happy hour deals. You can choose from chic bars, old school pubs or sports bars. Dhow Cruises in Dubai Marina are also enjoyed by locals as well as tourists.
If you are looking to shop, the retail outlets in Dubai Marina Mall have everything you need. As you can tell, life is exhilarating in Dubai Marina, so it is the best place to live for expats in Dubai.
Connectivity
Dubai Marina is perfect even for those who don’t drive. The availability of various public transport options makes Dubai Marina the best area to live in Dubai. There are two Dubai Metro stations nearby — Sobha Realty and DMCC. And both are served by the Red Line. Here’s a guide about renting near a metro station in Dubai Marina.
This gives you the convenience of an easy commute. In case you don’t live close to these two stations, you can use the Dubai Tram or hire Careem Bike within the area.
If you own a car, there are plenty of parking spaces. More importantly, the neighbourhood is connected to Sheikh Zayed Road (E11) which offers excellent connectivity with the rest of the city. So, it’s a win-win for Dubai Marina dwellers.
A vibrant and luxurious lifestyle
There is a high demand for flats in Dubai Marina because of their lifestyle. Irrespective of your family status, you can find an array of luxurious apartments in Dubai Marina.
Most skyscrapers in the district have health clubs, fully equipped gyms, swimming pools, kid’s centre, sports courts, saunas and other facilities to offer. Furthermore, Dubai Marina Park is a common space for residents to jog and burn some calories.
When you rent an apartment in Dubai Marina, rest assured it will have all the modern facilities you could hope for. Take a look at Dubai Marina floor plans to find out more.
To summarise, it could be stated that the chic urban lifestyle Dubai Marina has to offer makes it the best place to live for expats in Dubai.
ROI FOR THE BEST PLACE TO LIVE IN DUBAI
If you are an investor looking to buy an apartment in Dubai Marina, an important consideration is a return on investment. As per the latest numbers, Dubai Marina yields one of the highest ROI of luxury apartments for sale. Investors can expect to earn a healthy average ROI of 5.96%.
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Lucrative ROIs are another reason many investors consider Dubai Marina as one of the best areas to invest in Dubai. Rental yields are always high, as the demand for rental properties in the Marina area is consistent.
FAQS
ARE THERE ANY OTHER AREAS THAT MAY BE CONSIDERED AS THE BEST PLACE TO LIVE IN DUBAI?
While the answer to this question is highly subjective based on people’s preferences, one area that has gained immense popularity among home seekers is Dubai Hills Estate. This district may not have the waterfront charm of Dubai Marina, but the properties and an extensive array of exclusive amenities makes it popular among the masses.
HOW DOES DUBAI MARINA COMPARE WITH DOWNTOWN DUBAI?
You can read our comparison between Downtown Dubai vs Dubai Marina to gather information and analyse the pros and cons of both areas. Check out our list of pros and cons of living in Dubai Marina to see whether the area will be a good fit for you.
WHICH ARE THE MOST POPULAR BUILDINGS TO BUY A FLAT IN DUBAI MARINA?
Looking to buy an apartment? Here’s a list of the most popular buildings buy apartments in Dubai Marina.
In search of a rental space? You can check out the list of buildings to rent flats in Dubai Marina. You can find properties in the best place to live in the area without having to pay over the odds.
WHAT ARE THE BEST PLACES TO LIVE IN DUBAI FOR FAMILIES?
You can consider any of the top areas for families in Dubai. Some of the best places to live in Dubai for families include JBR (Jumeirah Beach Residence), Jumeirah Lake Towers (JLT) and Motor City.
Dubai Marina is also great for those in search of luxury family-friendly living. While many of the amenities it offers can be found in other popular neighbourhoods around the city, one of the biggest reasons for Marina’s undisputed position as the crowning glory of Dubai real estate is the fact that the development is constantly evolving.
Examples include restaurants in Dubai Marina that can gratify your taste buds. For those who love to work out, there are several good gyms in the area and the variety of outdoor activities in Dubai Marina makes sure there is little chance that you’ll be disappointed. Hence, we have no qualms about saying it’s the best place to live in Dubai!
To know more about the UAE property market, stay tuned to MyBayut.
