Comparison of Property Types Available in Dubai and Singapore for $1 Million
Let’s compare the types of properties that can be purchased in Dubai and Singapore for $1 million. The options vary based on numerous factors, such as location, developers, amenities, and more.
Dubai
Dubai is renowned for its luxurious lifestyle and high-rise skyscrapers. For $1 million, you can purchase spacious properties here. Analysis shows that for this amount, you can buy properties with an area of about 138 sq.m. This is three to four times more than what you can get in cities like London, New York, or Hong Kong.
Examples of properties in Dubai for $1 million:
– SO/ Uptown Dubai: Two-bedroom apartment in branded residences.
– Dubai Harbour: One-bedroom apartment with sea view, private beach access, pools, and parks.
Singapore
The real estate market in Singapore is significantly different. For $1 million, investors can choose from several smaller properties compared to Dubai.
Examples of properties in Singapore for $1 million:
– Neem Tree, Jalan Kemaman: One-bedroom apartment with an area of 47 sq.m.
– Soho 188, Race Course Road: One-bedroom apartment with an area of 40 sq.m.
Specific Property Comparisons:
Burlington Square (Singapore)
– Price: $1,100,000
– Features:
One bedroom, one bathroom
Area: 62 sq.m.
Condominium amenities
Seasonal parking
High floor, corner unit
Proximity to MRT (Mass Rapid Transit system)
The Sanctuary, Jumeirah Village Circle (Dubai)
– Price: 3,400,000 AED ($925,673)
– Features:
Three bedrooms with en-suite bathrooms
Living rooms
Four bathrooms
Access to pool, gym
Built-up area: 335 sq.m.
Lincoln Suites (Singapore)
– Price: $1,100,000
– Features:
Studio with one bathroom
City view
Open kitchen
Balcony
Prestigious location
The Springs (Dubai)
– Price: 3,999,950 AED ($1,089,024)
– Features:
Three bedrooms
Study that can be converted to a fourth bedroom
Plot area: 396 sq.m.
Powder room
Laundry room
Choosing between Dubai and Singapore depends on individual preferences, investment goals, and risk tolerance. Dubai offers opportunities for acquiring luxurious properties and potentially high returns, while Singapore provides potential for long-term growth.
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