Properties For Sale in Al Safa
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Property for Sale in Al Safa
Al Safa is located between Jumeirah Beach and Sheikh Zayed Road. Within walking distance for residents are Kite Beach and the entertainment center, Downtown Dubai. The active development of the Al Safa area began in 2016 when the Dubai Water Canal was constructed, connecting Dubai Creek to the Arabian Gulf. The influx of investments into the community's development has led to the emergence of increasingly expensive premium real estate from Emaar, Damac, Meraas, and other popular developers.
The most affordable prices for real estate in Al Safa can be found in projects that are not yet fully completed and are sold off-plan. During the construction phase, a penthouse of 335 sqm in Canal Front Residences can be purchased for $8,747 USD per sqm. Similar housing with canal and Dubai skyline views in a ready-to-move-in tower will be more expensive.
In Al Safa, there is not only real estate priced over a million dollars. In the immediate vicinity of the Dubai Water Canal, for example, one can buy a 1-bedroom apartment with 2 bathrooms for $626,900 USD. These prices apply to off-plan properties. In this case, the apartments come fully equipped and furnished, with high-quality finishes, panoramic views of the emirate, and ample parking. Considering the range of options and the prestige of the location, the price does not seem high.
Investing in Real Estate in Al Safa
The infrastructure of Al Safa is developing rapidly, which contributes to the profitability of investing in real estate in the area. Investors often purchase properties here for rental purposes, with an ROI that can reach up to 6% per year for small one or two-bedroom apartments.
Foreigners buy real estate in Al Safa because the emirate's laws allow non-citizens to fully own and resell properties. By the way, purchasing apartments at pre-launch prices is also a viable strategy for capital preservation and growth.
Buying property in Al Safa with Space 8 Estate
Space 8 Estate offers a wide selection of properties for real estate investment in the Al Safa area. In our practice, we have cases where clients have earned up to 50% return on their initial investments within a year. The Space 8 Estate team can also assist in finding properties in Dubai for rental or purchase. We have access to a database of properties listed for sale at good prices and favorable conditions. Leave a request for consultation to learn more details.
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