Deira

• Historic Significance: Deira is one of the earliest developed areas in Dubai and retains much of its traditional character and charm.
  • Key Historic Sites:
    • Dubai Creek: A historic waterway that has been the lifeline of Dubai's trade and commerce for centuries.
    • Al Fahidi Historic District: An area featuring restored traditional buildings, museums, and cultural exhibits.
    • Heritage House: A traditional Emirati home turned museum, offering insights into the local lifestyle.
• Bustling Markets: Deira is renowned for its vibrant markets and souks, where visitors can experience the hustle and bustle of traditional commerce.
  • Key Markets:
    • Gold Souk: A famous market with hundreds of shops offering a wide range of gold jewelry and precious stones.
    • Spice Souk: A traditional market filled with an array of spices, herbs, and traditional remedies.
    • Deira Fish Market: A bustling market where fresh seafood is sold daily.

Property Types:

• Apartments: Deira offers a variety of apartments, from affordable units to luxury residences, catering to a diverse range of residents.
  • Notable Residential Buildings:
    • Deira Twin Towers: Iconic residential buildings offering spacious apartments with city and creek views.
    • Al Ghurair Centre Apartments: Modern apartments with access to shopping and dining facilities.
    • Al Muteena Residences: Affordable apartments in a prime location.
• Villas and Townhouses: While primarily known for its apartments, Deira also features a limited number of villas and townhouses.
  • Notable Villa Communities:
    • Al Mamzar Villas: Luxurious villas with private gardens and close proximity to the beach.
    • Deira Waterfront Villas: Exclusive waterfront villas offering stunning views and premium amenities.

Statistics and Market Trends:

• Average Price per Square Foot: As of 2024, the average price per square foot in Deira is approximately AED 1,200.
• Rental Yields: Rental yields in Deira typically range between 6-8%, making it an attractive area for investors.
• Population: Deira has a diverse population of over 200,000 residents, including expatriates, professionals, and families.
• Occupancy Rate: The occupancy rate in Deira is high, often exceeding 90%, due to its central location and affordable housing options.

Amenities and Lifestyle:

• Shopping and Dining: Deira offers a variety of dining options, cafes, and retail outlets to cater to the needs of its residents and visitors.
  • Key Restaurants:
    • Shabestan: +971 4 222 7171
    • Al Dawaar Revolving Restaurant: +971 4 209 6887
    • Al Ustad Special Kebab: +971 4 397 1933
  • Retail Outlets:
    • Deira City Centre: A major shopping mall with a wide range of stores, restaurants, and entertainment options.
    • Al Ghurair Centre: One of the oldest shopping malls in Dubai, offering a variety of retail and dining experiences.
    • Naif Souk: A traditional market offering a range of goods, from textiles to electronics.
• Recreation and Leisure: The area provides ample opportunities for outdoor activities, including parks, fitness centers, and waterfront promenades.
  • Key Spots:
    • Al Mamzar Beach Park: A large park with beaches, swimming pools, and picnic areas.
    • Dubai Creek Golf & Yacht Club: +971 4 295 6000
    • Fish Roundabout Park: A small park with green spaces and recreational facilities.
• Transportation: Deira is well-connected by road, metro, and water transport, ensuring convenient commuting within the city.
  • Key Metro Stations:
    • Union Metro Station
    • Al Rigga Metro Station
    • Baniyas Square Metro Station
• Healthcare and Education: Several clinics, hospitals, and schools are located within or near Deira, catering to the needs of residents.
  • Key Facilities:
    • Dubai Hospital: +971 4 219 5000
    • NMC Medical Centre Deira: +971 4 268 3131
    • New Indian Model School: +971 4 282 4313
    • Deira International School: +971 4 232 5552

Why Choose Deira?

• Cultural Richness: Deira offers a unique blend of traditional charm and modern conveniences, providing an authentic Dubai experience.
• Affordable Living: The area offers a variety of affordable housing options, making it accessible to a wide range of residents.
• Central Location: Centrally located with easy access to key areas in Dubai, including Downtown Dubai and Dubai International Airport.
• Vibrant Community: A dynamic environment with a mix of families, professionals, and expatriates, ensuring a lively atmosphere.
• Investment Potential: Deira is a growing community with high rental yields and strong demand for both residential and commercial properties, offering excellent investment opportunities.
• Quality of Life: The combination of cultural richness, modern amenities, and a vibrant community makes Deira an attractive place to live and work.

Are you looking for a property in Deira? Contact VIP Property's professional real estate consultants today!