Dubai, the city of dreams, is one of those few places in the world where real estate investment is bound to give profit. Consequently, Dubai’s real estate market has been a major attraction for global investors in recent years. And this trend of buying properties in this emirate is rapidly increasing.
Although buying property in Dubai is considered a profitable venture thanks to the plethora of futuristic projects, there are certain things that you must consider before making any investment. To help you in this regard, today we’re going to describe some places in Dubai that are best for investment. Continue reading to increase your knowledge!
Palm Jumeirah is one of the most lucrative localities in the entire emirate that has always been a favourite among investors. Its upscale location and eclectic projects have made it one of the most reliable investments in Dubai’s real estate market. Furthermore, its demand is expected to peak after the completion of luxurious Palm Beach Residences and the Raffles project. The ROI on Palm Jumeirah properties is almost 10% making it the best place to invest in Dubai.
Dubai Marina is another top location for investment in the emirate. It is a waterfront development. This area is an enviable mix of high-rise apartments, villas as well as plenty of retail and dining outlets.
Additionally, after the launch of Emaar’s Bluewaters Island, the value of this area has further sky-rocketed. The current real estate market in this area is quite stable these days so it’s the perfect time to purchase property in Dubai Marina. The ROI for Dubai Marina is 6.4% at present.
Situated in the heart of Dubai, Downtown Dubai is the perfect place to invest in apartments or suites particularly if you’re looking for high rental yields. Due to its strategic location and close proximity to the prominent tourist attractions of Dubai, it’s popularly known as the ‘centre of now’. Having Burj Khalifa, the most visited tourist attraction, right next to it, the value of this area is never going down. Moreover, the quaint yet extravagant lifestyle it provides to its residents is another major reason for its insane popularity. The average rental yields of this area are 5.4%.
Another profitable area for real estate investment in Dubai is the villa community of Arabian Ranches. These uniquely styled Mediterranean and Arabian villas are perfectly suitable for any family. Additionally, the world-class amenities that the residents get to appreciate here have made this area quite popular among families. Moreover, the off-plan projects in this community have gained the interest of investors. The ROI in Arabian Ranches is almost 5.8%.
Jumeirah Village Circle (JVC)
JVC is another area that is grabbing the attention of investors in Dubai real estate market. It makes a suitable community for making an investment because of its easy and convenient access from Dubai Marina, JLT and Jebel Ali. Additionally, the off-plan projects it nestles such as Bloom Heights and Belgravia 2 are expected to produce high rental yields. Currently there is an average 6.7% ROI residential properties in JVC.
Another high yielding locality for real estate investment in Dubai is the Springs. It is a part of the Emirates Living Community. A peaceful and serene environment isn’t the only thing that the springs has to offer to its residents, it has an amazing range of recreational spots where they can relax. Likewise, it also has access to reputed schools and healthcare facilities.
Dubai Sports City
Launched in 2003, the demand for Dubai Sports City has been on the rise these recent years due to its close proximity to the Expo 2020’s site. This area was launched by the Dubai government as a sports hub which will be home to different sports academies and stadiums. It is the dream place for any sports fanatic to live in. But sports attractions aren’t the only thing that Dubai sports city has to offer, it’s an area that will offer you a variety of lifestyle and residential options at a pocket-friendly price.
These are some of theDubai properties that you can consider when you’re looking to make in the real estate market of Dubai.