Investors from India highly take interest to buy property in Dubai and it is crucial for them to understand the flat price of Dubai with Indian Rupees (INR).
In this blog, we will provide you an overview of current (2024) flat prices in Dubai and will convert them into INR for clear understanding.
Understanding Dubai’s Real Estate Market
Luxury is the ultimate need of today’s generation and Dubai meets all these needs of end-users. Due to high demand and rapid growth the city offers wide ranges of property options from ultra-luxury to premium and affordable to cheap rate. Prices of the property are based on location, unit types and USPs.
Conversion Rate
To know the accurate property price of Dubai, we will use the exchange rate of July 2024.
| Currency | Exchange Rate |
|---|---|
| 1 AED | 22.78 INR |
Explore the prices of Dubai Property Types
Dubai offers myriads of property types such as apartments, villas, townhouses and penthouses with different sizes & budget and here, we will understand their prices in INR.
Apartments
Apartments are the most common property type in Dubai and highly preferred amongst investors, first time home buyers and tenants. Such property types come in different sizes and configurations. The 2 BHK flat price in Dubai in Indian Rupees varies significantly depending on the location, similar to how the 1 BHK flat price in Dubai in Indian Rupees can range from affordable to premium, and the Dubai 3 BHK flat price in Indian Rupees is typically on the higher end, reflecting the spacious and luxurious living standards.
| Apartment Type | Sizes | Price in AED | Price in INR |
|---|---|---|---|
| Studio | 395 – 600 Sq. Ft | 400,000 - 650,000 | 91,10,946 -1,48,05,288 Cr. |
| 1 Bed Apartment | 495 - 1,000 Sq.Ft | 600,000 - 1,200,000 | 13666420 - 27332840 |
| 2 Bed Apartment | 700 - 1,800 Sq.Ft | 800,000 - 2,500,000 | 18221893 - 56943417 |
| 3 Bed Apartment | 1,000 - 3,000 Sq.Ft | 1,500,000 -4,500,000 | 34166050 - 102498152 |
| 4 Bed Apartment | 1,500 - 3,500 Sq.Ft | 1,200,000 -90,000,000 | 27332840 -2049963046 |
Villas
Villa property types are the most suitable option in Dubai. End-users preferred this for privacy, and status. Price of a villa may differ according to the location. Mostly, high-net worth individuals look for such property types.
| Villa Type | Price in AED | Price in INR |
|---|---|---|
| 2 bed villa | 1.2M | 2.7 Cr. |
| 3 bed villa | 2.49M | 5.6 Cr. |
| 4 bed villa | 2.6M | 7.5 Cr. |
| 5 bed villa | 4.48M | 10.Cr. |
Townhouse
Such property types are a combo housing option, it offers both community living and also provides enough private space. It gives you both an apartment as well as villas feel.
| Townhouse Type | Price in AED | Price in INR |
|---|---|---|
| 2 bed townhouse | 1.3M | 2.9 Cr. |
| 3 bed townhouse | 1.6M | 3.6 Cr. |
| 4 bed townhouse | 2.6M | 6.0Cr. |
Penthouses
Penthouses are luxury property types on the top of the residential tower, providing the aerial view of the city from a top.
| Penthouses Type | Price in AED | Price in INR |
|---|---|---|
| 3 bed penthouse | 5M | 11Cr. |
| 4 bed penthouse | 4.5M | 10 Cr. |
| 5 bed penthouse | 18.8M | 42Cr. |
Price Trends according to the community
Dubai’s community offers property at different prices. There are some sought-after communities where property demands are quite high. Let’s take a look at the average property prices in some popular areas in Dubai.
| Community Name | Apartment Price | Villa Price | Townhouse Price |
|---|---|---|---|
| Downtown Dubai | AED 3,455,822 | AED 9,115,147 | AED 1,300,000 |
| Dubai Marina | AED 2,992,984 | AED 5,900,000 | AED 4,800,000 |
| Business Bay | AED 4,133,402 | AED 16,777,849 | AED 7,597,581 |
| JVC | AED 905,031 | AED 3,349,978 | AED 2,500,000 |
| Dubai South | AED 1,007,723 | AED 5,561,540 | AED 2,479,432 |
| Dubai Hills Estate | AED 2,328,523 | AED 20,407,242 | AED 5,002,797 |
Financing Options for Indian Buyers/Investors
Indian Investors can be facilitated by different financing options available. So, if you are looking for an investment you must know about this.
- Home Loans : With competitive interest rates, many banks in Dubai provide home loans to expats. Buyers can secure up to 80% of the property’s value.
- Mortgage Options:- Indian Investors can apply for mortgage loans from Indian banks that have partnerships with UAE banks.
- Developer Financing:- While purchasing a property some of the developers provide financing options to investors or buyers through flexible payment plans which ease the financial burden.
Comparison to Indian Market
When we compare Dubai property Market with, Indian Market, two major cities strike to our mind. Let's take a look at the comparison below in the table.
| City Name | 1 bed Price in INR | 2 bed Price in INR | 3 bed Price in INR |
|---|---|---|---|
| Mumbai | 96 Lac. | 1.45 Cr. | 2.33 Cr. |
| Delhi | 1.5 Lac. | 25 Lac. | 2.48 Cr. |
| Dubai | 1.2 Cr. | 4.53 Cr. | 27.3 Cr. |
Showcase potential advantages to Invest in Dubai
There are several advantages investor would get in Dubai Property Market such as
Tax Benefits – Dubai don’t charges any tax which makes the city an attractive investment zone.
High Rental Yields – With 6-8% higher rental yield the city promises you best returns that provides you an opportunity of steady income.
Growing Economy – Certainly, growing economy of Dubai in every sector supports as well as boost property values.
Lifestyle amenities & infrastructure – Dubai provides a high -end lifestyle and offers robust infrastructure which attracts expats. Evern the city has endless entertainment options available for leisure time .
Strategic Location- Dubai’s geographical location between East & West makes the city and appealing destination for international investors.
The End Note
Dubai’s property market presents a wealth of opportunities for investors specially for Indians. Also, the city provides diverse property options, and financial assistance where investment will flourish and give you higher returns. The city is continually in the progress phase due to this many other developments will occur here and those factors will help investors to grab lucrative investment. Hence, if you are looking for investment in Dubai then just stay tuned with the property prices, trends so that you can make informed investment decisions.
