When it comes to investing in real estate, you won’t find a better place than Dubai to make the most of your investments. With an array of projects which are launch in this sector, Dubai is home to a variety of residential and commercial properties which present great leverage for the investors. No matter how big or small an investment you’d want to make, it’s important that you choose the right location so that the returns on your investment could be as high as possible. In fact, location plays a key part in determining your ROI.
So, if you’re planning to invest in Dubai’s real estate, here we have some of the best areas that you should be considering right now.
Dubai Marina
One of the most preferred locations among Dubai-based real estate investors over the years, Dubai Marina gives you a lot of reasons to prefer it over other areas in the city. It is home to a perfect mix of amazing villas, apartments, dining places and retail outlets which makes it a personal favorite for many property investors. A report published by Bayut last year highlighted that there was enough stability in asking prices for the properties across Dubai Marina which certainly attracts more investors to this exotic location of Dubai for their future investments.
Palm Jumeirah
Yet another all-time favorite for Dubai’s property investors, Palm Jumeirah is a wonder in itself. The first-ever man-made island on the planet has received great attention from the property investors over the last several years. It doesn’t just enjoy a key location but also boasts of some really amazing projects which make it one of the most desirable locations for the property investors in Dubai. At present, the Raffles and Palm Beach Residences are developed and once they’ll be completed the demand will go further high up. Besides apartment units, this prime location in Dubai is also famous for the luxury villas as well. The properties have a higher demand in secondary market as well which makes buying properties in Palm Jumeirah an even more alluring affair.
Arabian Ranches
It goes without saying that Arabian Ranches remains the top of the line villa communities in Dubai and it’s extremely popular for its high-end properties too. The development boasts of a desert theme and sprawls across an expansive 1650 acres of land. Arabian Ranches is home to a prime golf course, offers serene surroundings and is also located close to the iconic Burj Khalifa. It’s also in close vicinity to Dubai Polo and Equestrian Club. It’s one of the preferred choices among the property investors for longevity of its off-plan projects as well as the high demand these properties see in secondary market.
Jumeirah Village Circle
The JVC is a very compact and gated community that is located right in the city center. The serene village setting and some latest amenities on offer across more than 2000 luxury townhouses and exclusive villas make Jumeirah Village Circle one of the highly demanded locations for real estate investments. Ideal for families, the community has come to a couple of international schools, clubs, community center and some amazing medical facilities. Easily accessible through all the key arteries in Dubai and also to Jebel Ali and Dubai Marina, it’s still one of the most competitively price areas of Dubai. Of late, there’s been an increasing interest shown by the property investors in the real estate in JVC. The location also offers very credible rental yields for the properties here.
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Dubailand
Providing you a wonderful combination of top notch entertainment, leisure, sports and amazing residential communities with the likes of The City of Arabia, Mudon, and Dubai Lifestyle City, Dubailand really is one prime location for property investors. While this location is in the driver’s seat for making tourism grow in Dubai, there are some apt residential projects catering to the specific requirements of the property owners. Most of the property investors like this location for both villas and apartments. And, as Expo 2020 draws near, the area will attract much more interest as well.
Downtown Dubai
Who doesn’t know Downtown Dubai which is popular for its iconic developments like the Dubai Mall and the tallest Burj Khalifa? Yes, it remains one of the most visited areas all over the world. Known popularly as “The Center of Now”, the Downtown Dubai remains a major development that’s spread over 500 acres expanse of land. The location is known for the luxury apartments while there are some quainter ones located in Old Town as well. With Burj Khalifa standing tall right in its place, the properties in this area will remain in high demand for times to come. And, even though we’re seeing prices more on higher side, the location makes for a wonderful investment as its demand is high in secondary market while the rental yields are encouraging as well.
Jumeirah Lake Towers
The JLT is known for its 87 high-rise developments that have been built around 4 artificial lakes. Overall, the area covers almost 1.35m sq. ft. of land. All these towers are located between the Jumeirah Heights and Dubai Marina. These apartments are quite affordable while they also give you access to lots of dining outlets, gymnasiums, bars, fitness centers, swimming pools, etc. Dubai Marina Mall, a popular attraction in Dubai, lies just on the other side of the road from JLT.
The Springs
Another well-established gated community featuring townhouses, The Springs redefines modern living experiences in Dubai. Set amidst beautiful waterways and scenic landscapes, The Springs makes for one great option for those on the lookout for villas in Dubai. It’s also quite proximate to many recreational facilities and schools making it a perfect choice for families. The community is home to more than 4800 townhouses while it offers some community retail centers, swimming pools, cafes and restaurants to the residents.
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Business Bay
Situated next to the Downtown Dubai, the Business Bay actually extends from the Ras Al Khor to famous Sheikh Zayed Road. Known for being Dubai’s commercial hub, it plays a major part in making UAE one of the key business destinations in the region. The area is home to above 240 buildings that comprise both commercial and residential structures. Sprawling over more than 46m sq. ft. of land, the community dedicates 22% of its total area to residential projects while 18% of it is used for commercial reasons. The rest is used for different combined purposes. One of the most quickly developing areas in Dubai, the Business Bay receives is seeing ever-increasing property demand in recent years. With schools, malls, recreational facilities, medical options and major roads all very proximate, the area definitely makes for a wonderful investment as far as property market is concerned.
Dubai Sports City
Located along famous Sheikh Mohammad Bin Zayed road corridor as well as the Al Maktoum International Airport, Dubai Sports City offers a perfect mix of commercial and residential properties. There are all sorts of sports and retail facilities available in this location and it remains one of the very first communities that embraced the Dubai Government initiative to reduce carbon emissions. Moving in the direction, the community replaced all the typical sodium street lamps with solar-powered LED bulbs. There are also plans for creating solar farm in the location for reducing load on Dubai grid while generating savings for the entire community.
So, with all these amazing locations available for property investors in Dubai, where do you plan to commit your capital now? Make a wise choice and reap huge benefits!
