Which is the most preferred area to rent and buy near schools for families in Dubai and what are the criteria such families look at?
The most preferred areas to buy or rent near schools are the locations where most schools are concentrated around. These locations are Nad Al Sheba, Jumeirah Village Circle (JVC), Al Sufouh, Jumeirah and Emirates Living.
Most families will look at the accessibility routes, convenience, traffic flow in and out from the location to the school and amenities in the location.
Which is the most affordable area to rent and buy for families with school-going kids?
The most affordable areas to rent and buy for families would be the second-tier locations like JVC, Motor City, and Sports City. Properties in JVC are much more affordable than those in Nad Al Sheba and Emirates Living. The annual rent for 2 bedroom apartments averages at AED 70k in comparison to a 2-bed townhouse in Springs which rents out for an average of AED 110k, which is significantly higher.
A view of Jumeirah Village Circle
Are more such families with school-going kids opting to buy now?
Families with school going kids who have a long-term intention in staying in Dubai and making Dubai their home are taking the opportunity to buy now as prices have fallen substantially. Especially when developers have been offering post payment plans with waivers on DLD fees and initial deposits being reduced.
However, families who have less certainty on their job positions are holding off for now until market confidence and the business environment improves closer to Expo 2020.