Property for Sale in DIFC, Dubai - P2

Since its creation in 2004, the DIFC, or Dubai International Financial Centre, has gone a long way. It is one of the world's top ten financial centres, largely thanks to the 22,000 experts employed by the centre's 2,000 enterprises. They are jointly shaping the region's financial services backdrop. DIFC is situated on the east side of Sheikh Zayed Road, between Zabeel Park and Downtown Dubai, and there are numerous homes for sale in DIFC. The Dubai Mall is about a five-minute drive away, while the airport is around a 15-minute drive away. Rental flats in DIFC are more costly than in other areas since the apartments cater to middle-class to affluent professionals.

DIFC Average Housing Pricing Trend for Sale

The DIFC is known for offering competitive salaries, yet most of this money is spent on the high cost of living. On average, a studio for sale in DIFC costs between 1,000,000 and 6,000,000 AED. Apartments with one or two bedrooms range in price from 1,500,000 to 1,800,000 AED. Most expats opt to live here by purchasing a villa or a piece of land. In DIFC, the minimum house sale price is 4,600,000 AED for a three-bedroom home and AED 9,000,000 for a five-bedroom home.

Property Types on the Market with an Average Sale Price Trend

In 2022, the average commercial sale in DIFC increased by 19.1%, approximately AED 5,000,000 to 62,000,000, while the average apartment sale price increased by 14.7%, and villa sales increased by 20.5% over the previous year. In March 2022, the average apartment purchase cost was AED 1,650,000, while the average villa DIFC purchase cost was AED 45,438,000. The property sales market's highest average annual apartment and villa prices were found in DIFC and Palm Jumeirah, where sales averaged AED 5,197,482, and Al Barari, where sales were AED 3,801,940.

DIFC Demographic and Gender Ratio

This subhead contains population data for the Dubai Emirate based on population censuses conducted between 1975 and 2005 and population predictions after 2005. It also includes age and household type structure information, demographic, educational, marital, and employment variables from the 1993, 2000, and 2005 censuses, as well as supporting estimates. Commercially, DIFC has a population of 29,700, with 11000 females and 18,700 men. At the same time, birth and death data and immigration are the three most essential components that directly influence population growth rates and a locality’s demographic shifts. Population trends are significant because they serve as the basis for development initiatives in various fields such as education, health, and the labour market.

In 2021, the percentage distribution of the population (15 years and older) by marital status and gender was 27.3% single, out of which 27.2% were women, and 27.8% males, approximately a 0.1% rise from 2020 and 0.7% increase from 2019. In terms of marital status, the overall proportion is 70.8, with 68% females and 71.5% men.

DIFC Housing Characteristics

DIFC Dubai is more than just a commercial centre; it is a comprehensive ecosystem with over 22,000 people working across 2000 registered businesses. These firms are governed independently and have their own legal system. Apart from corporate skyscrapers, it offers chic fine dining restaurants, art galleries, luxury retail outlets, and a plethora of well-known hotels, making a living in DIFC an intriguing alternative. The commercial property for sale in DIFC ranges from AED 32,400,840 to AED 58,600,200.

Lifestyle

This subhead includes all data related to DIFC buildings and housing units. Building permits are given, licenced areas, engineering laboratory testing, and land transactions such as sales, collateral, collateral release, and mortgage of land development leasing are also included. It also includes the number and amount of land parcels owned by nationals of the Gulf Cooperation Council in the Emirate. It is one of the world's top financial centres, allowing business mobility throughout the Middle East, South Asia, and Africa and linking businesses to other markets such as Asia, America, and Europe. Living in the DIFC is like living in the centre of a financial district teeming with business activity. The area offers urban life with a variety of fine-dining restaurants, cafés, and luxury hotels. DIFC is a live-work-play community that caters to young, talented foreigners.

Dubai International Financial Centre is a vibrant neighbourhood packed with art galleries displaying work by established and a few emerging artists from around the world and some of Dubai's most trendy dining establishments. The financial sector is also home to some of the city's most lavish five-star hotels and contemporary apartment complexes, connected by walkways lined with public art and a smattering of high-end businesses.

Schools

DIFC is a convenient place to live owing to its proximity to the Financial Centre. Because they live on the city's older side, residents may have views of Burj Khalifa and Emirates Towers, as they are some of the city's most iconic landmarks. The area is home to some of the best local and international nurseries and schools, making it the best option for families with children. Hummingbird Early Learning Centre, Grassland and Daycare & Nursery, Safari Kid, Gems Wellington Primary School, and Clarion School are a few nursery schools in DIFC Dubai. The costs may vary; typically, they range from AED 42,000 to AED 75,000.

The DIFC Academy will be the fourth venture, joining three other management, finance, and law institutions. Access to over 400 online programmes with up to 25,000 students to build the skills and knowledge needed to establish a sustainable and innovative future for the global banking industry. It provides students enrolled in world-class online education courses with a physical co-working and co-study location.

Restaurant

Come for a luxury dinner at one of the award-winning restaurants or for Art Nights at Gate Village, when the neighbourhood is transformed with live music and gallery exhibits, allowing people to participate in creative activities. After a day of five-star leisure and arts, it's time to discover why DIFC has lately gained its well-deserved reputation as a gourmand's paradise. Evenings are never dull, thanks to award-winning restaurants like La Petite Maison, Zuma, and Indochine.

Gate Avenue in DIFC Shopping Mall is a highly anticipated fashion and retail attraction. Among the businesses at the property are Sacoor Brothers, Suit Supply, Black Amber, His and Hers, Fiori Jewels, and Collars and Cuffs. Aside from that, residents of DIFC may fulfil their shopping demands since the city's massive retail and entertainment complex, The Dubai Mall, is just 8-10 minutes away.

Commuters

DIFC is well-located and readily accessible via public transit. Emirates Towers and Financial Centre are two major metro stations within a few minutes walk. There are numerous bus services around the neighbourhood as well. There are also numerous taxis, although they are in high demand, finding one during rush hour could be challenging.

Supermarkets

There are a few places in DIFC where you may buy ordinary cuisine. Many of these supermarkets are on the ground floor of different buildings across town. Among the supermarkets are Spinneys Supermarket, BS Supermarket LLC, Fresh Mart Supermarket, Choithrams, and Al Maya Supermarket. Spinneys has many branches in Dubai and is well-known for its monthly grocery shopping. The neighbourhood grocery store is open seven days a week in Central Park Towers.

Healthcare

You don't have to go far in DIFC to discover hospitals or clinics. There are many medical facilities nearby. The closest are the IMC Medical Centre, La Clinique DIFC, and The Clinic. Interhealth Canada Limited and Al Zahra Medical Centre are less than 15 minutes away. Oriana Hospital is just around 20 minutes away.

Things to Do When you Visit DIFC for the First Time

The distinct advantage of living in DIFC is that it is ideal for hardworking singletons who want a fast-paced lifestyle. Those looking for DIFC apartments for rent benefit from being close to Sheikh Zayed Road, the Dubai World Trade Centre, and the Burj Khalifa. Foreign expatriates planning a long-term stay or investment in Dubai could look into a property for sale in DIFC, while those looking for a brief stay may look into DIFC rental properties. Its allure is increased by its proximity to museums, performing arts centres, fitness centres, cafés, restaurants, and art galleries.

Access to Historical and Recreational Sites

The major buildings and sites in the neighbourhood will bring you closer to art and culture. The Gate is a well-known landmark and one of DIFC's first constructions. The beautiful design is appropriate for event launches and displays. The Marble Walk DIFC is another attraction near the Gate structure. On the Marble Walk, there are a variety of takeaway food booths, retail convenience stores, and other vital services. The Empty Quarter gallery is very well-known, particularly among art fans. People like the works of high art photography shown by some of the world's most prominent photographers. Christie's art gallery is also a well-known auction house in DIFC. The district's main attraction is most likely the Opera Gallery.