Student residential real estate in Dubai is a prominent destination for searching for suitable housing for students coming to the United Arab Emirates, especially the Emirate of Dubai. Whether from outside the country or from one of the other emirates. There are many residential units of different sizes available in places close to the locations of universities and educational institutions in Dubai.
- In addition, the Emirate of Dubai offers various options in terms of area and number of rooms for each student housing property, in a way that meets the needs of students and suits their financial capabilities. Whether single or shared housing with others, at an acceptable cost.
If you would like to know more details about the development of the student residential real estate market in Dubai, Follow our next article on Alaaqari website, through which we will provide the most important information about the reality of housing options and prices for students in Dubai. In addition to listing the future challenges and opportunities related to this matter. Let’s follow up together.
Demand for student housing and real estate
Student housing properties in Dubai are a diverse type of housing, combining apartments with single or shared rooms. It also includes service facilities and common amenities. A student coming to Dubai to study wants to search for a suitable property to rent until he finishes his university years.
- Student housing in its various forms has witnessed a significant demand for renting from 2020 until the end of 2023. Consequently, the rate of demand for single and shared student properties increased by a good percentage compared to previous years, and this in turn led to an increase in its market value. This makes investing in buying, selling, and renting student housing units a distinguished destination for Emirati and foreign contractors and expatriate investors from other countries.
Student residential real estate prices in Dubai
Prices of residential properties for students in Dubai vary depending on the area and number of rooms of the property. The average rents for student housing for the year 2023 were as follows:
- Rental prices for student studio apartments ranged between 2679 – 4459 AED per month.
- Rental prices for private apartments for students ranged between 4,182 and 7,174 AED per month.
- While prices for student campus housing ranged between 4,000 – 10,000 AED per month.
Real estate market trends in 2024 for students in Dubai
The student residential real estate market in Dubai witnessed clear growth during the year 2024. Construction and real estate development companies were keen to continuously support the construction of units and housing for students. This is due to the increased demand for student housing in various parts of the emirate.
- The UAE government has contributed to many positive initiatives that enhance the residential real estate market in Dubai and has also contributed to providing a fertile environment to attract investment projects and increase profitable returns in the long term.
- It is expected that the demand for student housing will grow during the coming period in its various forms and prices commensurate with the budgets of international students. Real estate development projects in many suburbs of Dubai will also continue with monthly rental operations at acceptable costs, whether for single or shared apartments.
Real estate investment in student housing in Dubai
Real estate investment in student housing in Dubai includes many buying, selling, and renting operations in different locations within the emirate, as well as with various real estate specifications and designs from one residence to another. Student residential real estate investment has achieved multiple benefits for investors through the following:
- Increased demand for student housing, due to the increasing number of university students coming to Dubai with the intention of studying at its prestigious universities.
- Achieving a continuous and growing rental return according to local prices in the real estate market in Dubai.
- Real estate investment in a supportive environment while obtaining various facilities from the UAE government, such as exemption from taxes and low fees for completing residential projects and registering them in official departments.
Technological development and its impact on the student residential real estate market in Dubai
Experts and specialists in the real estate sector in the Emirates expect the residential real estate market of various types, including student housing, to grow at a compound growth rate estimated at about 3%, starting from the year 2023 until the year 2033.
It is also expected that new technological means and strategies will play a positive role in supporting customer experiences and enhancing the steps of searching for and renting a property with ease and speed. As for the most important technological measures that have a positive impact on the real estate market in Dubai, we mention the following:
- Marketing student residential real estate through real estate websites.
- Using the features of real estate virtual tours, AR and VR technologies to search for a property and inspect it accurately remotely.
- Relying on artificial intelligence and Internet of Things tools and applications in many real estate matters.
The impact of universities and educational institutions on the student residential real estate market in Dubai
Dubai is considered one of the most important cities on the global level in terms of providing prestigious educational institutions and universities, as it offers 10 international educational curricula through 24 academic institutions. It also includes more than 34 universities with various colleges and university specializations, which attract students to study there from various Arab and foreign countries.
- The student residential real estate market has flourished in Dubai, due to the strategies of supporting higher education and attracting large numbers of students. Especially through students searching for private housing to stay in and renting it at prices suitable for various budgets.
Future challenges and opportunities for the student residential real estate market in Dubai
The student residential real estate market in Dubai faces a number of challenges, the most prominent of which are the following:
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- Real estate price fluctuations in the UAE.
- Changes in supply and demand indicators.
- Economic changes in the country.
- Changes in global real estate markets.
In terms of future opportunities for investment and support of the student residential real estate market in Dubai, they are as follows:
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- Jumeirah Dubai area.
- Dubai Marina area.
- Bur Dubai area.
- Al Barsha area.
Here we reach the conclusion of our article, through which we learned about the development of the residential real estate market for students in Dubai and the housing and investment options in the emirate in this field. We also reviewed the most important details about real estate investment in Dubai for student housing, including mentioning the challenges and future opportunities associated with the real estate market in Dubai, so that you can review them if you wish to study and live in Dubai in the future.
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