Real Estate Market Prices for Buying in Dubai South (2024)

Category: Buy and Sell, Posted at Nov. 18, 2024,

Overview of Dubai South

Dubai South is a futuristic urban development designed to meet the needs of modern living. It is home to the Al Maktoum International Airport, as well as the Expo 2020 site, which has further increased the area's global appeal. The district is set to host residential, commercial, retail, and leisure facilities, making it a highly desirable location for both families and businesses.

Real Estate Market Prices in Dubai South (2024)

As of 2024, Dubai South offers a variety of real estate options, including apartments, villas, and townhouses, catering to a broad range of buyers. The market is currently experiencing a steady increase in property prices, driven by several factors such as the area’s strategic location, infrastructural development, and the completion of key projects like the Dubai South Mall, and proximity to the Al Maktoum International Airport.

1. Apartments in Dubai South

Apartments in Dubai South offer both luxury and affordable options, making it an attractive choice for investors and families alike. Depending on size and amenities, prices vary significantly.

Studio Apartments: Prices typically range from AED 350,000 to AED 550,000 for a one-bedroom studio, depending on the building's proximity to major transport links and facilities.
1-Bedroom Apartments: For a one-bedroom apartment, expect to pay between AED 500,000 to AED 750,000.
2-Bedroom Apartments: Two-bedroom apartments usually range between AED 800,000 and AED 1.3 million.
3-Bedroom Apartments: For larger three-bedroom apartments, prices start around AED 1.5 million and can go up to AED 2.5 million.

2. Villas and Townhouses in Dubai South

Dubai South is an increasingly popular location for families looking for more space. With the development of family-friendly communities, the demand for villas and townhouses has risen. The prices of villas and townhouses in 2024 are expected to continue climbing as the area’s infrastructure improves.

3-Bedroom Villas/Townhouses: Prices for these properties typically range from AED 1.5 million to AED 2.5 million.
4-Bedroom Villas: Larger properties, with four or more bedrooms, are priced from AED 2.5 million to AED 4 million. Luxury villas with higher-end amenities may even reach higher price points.

3. Luxury and High-End Properties

As Dubai South continues to develop, luxury real estate in the area is becoming more prominent. Developers are building upscale properties aimed at investors looking for high-end living options. Prices for luxury properties in Dubai South can start from AED 4 million and can go upwards depending on the location and the size of the property.

Is Dubai South a Good Investment in 2024?

Yes, Dubai South remains a highly attractive investment destination in 2024. Several factors contribute to its appeal:

High rental yields: Due to its proximity to key business hubs and the airport, Dubai South offers competitive rental yields compared to other areas of Dubai. Investors can expect yields of around 6-7% annually, which is relatively high in the context of the Dubai property market.
Future growth: As Dubai South is still in the development phase, there is significant potential for future price appreciation as the area becomes more established.
Sustainability: Dubai South's focus on sustainable development aligns with global trends, making it a good long-term investment choice.