Overview
Deira is one of Dubai’s oldest and most vibrant districts. Located along the northern banks of Dubai Creek, it serves as a bridge between the city’s rich history and its modern developments. Historically, Deira was a bustling trading hub, renowned for its spice and gold souks. Today, it continues to thrive as a commercial center, offering a blend of traditional markets and contemporary amenities. The district’s strategic location ensures easy access to other parts of Dubai, making it a desirable place to live and work.
Neighborhood
Deira’s neighborhood is a tapestry of cultures, reflecting Dubai’s diverse population. The area is home to a mix of expatriates and locals, contributing to a dynamic community. Residents enjoy proximity to various amenities, including shopping centers, restaurants, and cultural sites. Notable landmarks such as the Gold Souk, Spice Souk, and the Deira Clocktower add to the district’s charm. The neighborhood’s bustling streets are lined with shops, cafes, and markets, offering a lively atmosphere. Public transportation options, including metro stations and bus routes, ensure convenient connectivity within the city.
Features
Deira offers a range of features that enhance the living experience. The district boasts several shopping malls, including Al Ghurair Centre and Deira City Centre, providing residents with a variety of retail options. Dining establishments cater to diverse tastes, from traditional Middle Eastern eateries to international cuisines. For those seeking entertainment, Deira offers a vibrant nightlife scene with various leisure activities and entertainment venues. The area’s rich cultural heritage is evident in its historic sites and traditional markets, offering a unique blend of old and new Dubai.
Properties in Deira
Deira’s real estate market offers a variety of properties to suit different preferences and budgets. The district features a mix of low to mid-rise apartment buildings, ranging from older developments to newer constructions. While villas are limited, they are available in sub-neighborhoods like Hor Al Anz and Abu Hail. The average rental prices for properties in Deira are as follows:
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Studio apartment: AED 30,000
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1-bedroom apartment: AED 45,000
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2-bedroom apartment: AED 68,000
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3-bedroom apartment: AED 80,000
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3-bedroom villa: AED 100,000
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4-bedroom villa: AED 125,000
For those interested in purchasing property, the average sales prices are:
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1-bedroom apartment: AED 970,000
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2-bedroom apartment: AED 1,275,000
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3-bedroom apartment: AED 1,350,000
It’s important to note that Deira currently does not offer freehold properties for expatriate investment. However, the anticipated development of Palm Deira may change this landscape in the future.
Since the starting purchase prices and rental rates vary based on size and type of properties, please contact QAE Real Estate at +971 42222669 for any assistance.
