Last Updated on February 12, 2023 by admin
Investing in real estate is a popular pastime in Dubai. Buyers from all over the globe are drawn to it by its alluring perks and regulations. One of the most important factors in making or breaking an investment is the location in which it is located. Consider the location of your potential investment before deciding on whether or not it will be a good fit for your portfolio. We’ve developed a list of the top five areas you should watch for a successful investment, whether you’re just starting or an experienced investor.
Areas on radar
Dubai Marina and JBR
Marina and JBR are considered the top investment sites because of the magnificent vistas and wide range of choices. Beaches, hotels, metros and freeways are all within easy driving distance. Several opulent waterfront homes may be seen in the region as well. Whether you want to go for a stroll on the beach, see a movie, or have a nice supper with friends and family, Marina and JBR offer everything you need to make it happen. There is an ROI of 5.95 per cent on a one-bedroom flat costing AED 1.2 million in these localities.
Al Furjan
Al Furjan is a well-connected family neighbourhood in Dubai, comprising flats and villas easily accessible to the city’s public transportation system. Additionally, other parks, bicycle routes, and shops are within a few blocks of Discovery Gardens. Approximately 4,000 residential, hotel, and commercial units are already planned for the wide region until 2022.
Al Furjan is a convenient stopover for those travelling between Abu Dhabi and Dubai. Those who go back and forth between the two emirates regularly found it useful. With an RIO of 6.7%, a one-bedroom flat in Al Furjan costs AED 600k.
Town Square
One of Dubai’s most sought-after neighbourhoods, Town Square is recognized for its plethora of services and inexpensive rentals. Town Square is ideal for those who want a quiet and isolated lifestyle since it is situated directly next to the desert. Al Qudra Desert may be reached in less than five minutes, with camping, sand dunking, and relaxing options. There are various things to do at Town Square, including riding, swimming, and dining. There is a 5.64 per cent return on investment for a one-bedroom flat in Town Square, with an average price of AED 1M.
Downtown Dubai
Additionally, Downtown Dubai is an excellent location for investment in Dubai. The Dubai Mall and the Burj Khalifa are two of the city’s most well-known icons in this lively sector. Downtown Dubai’s population is steadily increasing, making it an excellent location for residential and commercial property investments.
It’s a different kind of high life in the city. Downtown Dubai offers everything, from luxury penthouses and villas to flats with city views. As a result of the great demand for Downtown Dubai flats, you can be certain that your investment will pay off well in the future. More people are moving to the neighbourhood, and it is likely to continue to expand in the coming years.
Dubai Hills Estate
You’ll wake up to gorgeous groomed greens and clean fairways with a view of the Burj Khalifa and the Dubai skyline. This means that you should live in a place that encourages you to perform at your best every day. Dubai Hills has become a symbol of high-end, holistic living because of its several golf courses and clubs. Villas and townhouses with opulent interiors may be found here. Furthermore, the area’s lifestyle features, like Gems International School, King’s College Hospital, and Dubai Hills, make it a destination for investment. Three-bedroom villas in Dubai Hills Estate typically cost AED 3.9 million, and the average ROI is 5.28 per cent.
Madinat Jumeirah
The Arabian Peninsula’s Madinat Jumeirah is a world-class resort. You’ll find a mix of classic Arabic structures and luxurious hotels at the resort. Madinat Jumeirah is one of Dubai’s most popular hotels and an excellent site to invest in real estate.
There has been a steady growth in Madinat Jumeirah property prices over the last several years, and this trend is projected to continue in the future. Investment in Madinat Jumeirah apartments is a safe bet because of the constant demand.
Buying a home in Madinat Jumeirah is a wise decision. Prices are projected to continue to climb in the region, which has witnessed many expansions in recent years. If you’re searching for a strong return on your investment, Madinat Jumeirah is a secure choice.
Living in Madinat Jumeirah is a wonderful experience. Hotels, resorts, restaurants, and stores of all kinds can be found in the neighbourhood, making it a great place to vacation. Madinat Jumeirah is the ideal residence for those looking to make the most of all Dubai has to offer.
Business Bay
Business Bay should be at the top of your list if you’re seeking a region with significant capital appreciation potential. Many of Dubai’s largest companies have their headquarters here, and the area is now expanding rapidly. For both residential and commercial properties, Business Bay is an excellent location to invest in.
There are constantly more flats in Business Bay, so you know your money is well spent. More people are moving to the neighbourhood, and it is likely to continue to expand in the coming years. All of the apartments at Business Bay have stunning views of the Creek, Downtown Dubai, and the Emirates Hills. Investment properties in Business Bay are among your best bets if you’re hoping to get a decent return on your money.
These are just a few of the top places to put your money into Dubai’s property market. If you’re searching for a place to call home or a location to put your money to work, these are the places to start your search!
Contact a real estate professional immediately if you’re interested in investing in Dubai. If you are looking to purchase or rent a house in Dubai, they can assist you in finding the ideal property to suit your requirements.
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Apart from this if you are interested to know more about 5 top real estate companies then visit our Real Estate category
