Townhouses for Sale in Dubai
Purchasing a townhouse in Dubai can be a prudent investment decision. In Dubai, townhouses are also called townhomes. The property type is usually constructed in homogenous clusters or communities with shared facilities and typically share a boundary or wall. Therefore, if you are looking for a townhouse for sale in Dubai, you can quickly find your dream unit with an ample supply of ready townhouses for sale in Dubai.
For staying with your family, you can choose a 3, 4 or 5 bedroom townhouse, depending on the size of your family. You can also choose a 1 or 2-bedroom townhouse if you are looking for affordable units.
Dubai townhouses feature private gardens and parking spaces and are built in clusters. If you can spend a bit more, you can also purchase a terraced townhouse.
You can also consider buying an off-plan townhouse as it will be priced lesser than a ready unit. Moreover, the possibility of the property price rising is very high. But, you should ensure that you purchase an off-plan unit from a trusted developer.
The popular communities to buy townhouse in Dubai, including off-plan units, are the Valley, Tilal Al Ghaf, MAG Eye, Mohammed Bin Rashid City, and Villanova in Dubailand.
In Dubai, you will find two types of townhouses–attached and semi-attached–and the difference is based on the construction style.
While attached townhouses share a wall on both sides, semi-attached townhouses share a wall with another on one side. Thus, the attached units maintain the privacy of residents. Usually, you will find semi-attached units mostly built on corner plots.
Sales Trends for Townhouses in Dubai
When you think about buying a property, including a townhouse, the price becomes the most critical deciding factor. But, the price factor is not as simple as it appears to be. So, if you are a newbie in Dubai’s real estate market, you need to understand the different prices.
When you inquire about a property, the seller will quote you a list price, also known as the asking price for the property, which is negotiable. And the sale price is the amount you pay for purchasing the property.
According to the latest trends, sales prices of a 1-bedroom townhouse of around 900 to 950 square feet in the area range from AED 420K to AED 500K. And the prices can go up to AED 2M depending on the construction quality and location. You can find such higher-priced townhouses in islands like Palm Jumeirah. The sales prices are higher due to the luxurious amenities on offer.
While a 2 bedroom townhouse for sale in Dubai will cost you around AED 1.1M, a 3 bedroom townhouse for sale in Dubai can cost you around AED 1.5M.
Larger and more luxurious 4 and 5-bedroom townhouses in Dubai come at the sales prices of around AED 2M and AED 3M, respectively.
Costs Involved in Buying a Townhouse in Dubai
When you buy a townhouse in Dubai, you need to pay other prices apart from the sale price. For example, if you purchase through an agency, you must pay the commission charge that depends on the agency. And there are the fees to pay for the No Objection Certificate (NOC), which varies within AED 500 to AED 5K.
You also need to pay 4 per cent of the property value as transfer fees to the Dubai Land Department (DLD). If you purchase the property on mortgage, you should pay 0.25 per cent of the loan amount as mortgage fees to the DLD.
Once the transfer of ownership is done, you must pay the maintenance fees to the owner’s association management company. Usually, the company is the developer or the property management company. And the DLD regulates the service charges.
Also, you need to register with Dubai Electricity and Water Authority (DEWA) to get water and electricity connections. You must pay DEWA around AED 4.5K for registration of the water and electricity services. Also, DEWA charges AED 4,000 as a security deposit, which is refundable when you vacate the property.