Best Areas for Investment in Dubai
Dubai is a city where dreams come true. It is one of the biggest multicultural cities in the Middle East and one of the safest cities in the world. A city that welcomes people from all over the world, whether for tourism or settling in, Dubai is at the top of its game to serve people according to their needs. This makes Dubai a good investment. Let explore the investment areas in Dubai.
Deciding where to invest in Dubai can be tricky. A lot of factors affect deciding which the investment areas in in Dubai. These factors could be budget, amenities, locality, people, etc. Some communities have more rental yield compared to others.
As H.H Sheikh Mohammed Bin Rashid Al Maktoum says: “Good governance is about nothing more or less than creating happiness. It’s that simple.” The city follows this simple rule of thumb, creating happiness and opportunities for residents and tourists.
Why Invest in Dubai?
Dubai is the most modern, preferable, and luxury-enriched Emirate of the United Arab Emirates. People are most likely to come to Dubai for business, tourism, and/or entertainment and many investment opportunities. Let’s discuss why Dubai is a good place to invest in property.
High Rental Yield:Â The continuous increase in residents in Dubai will yield high rental activity, resulting in a much more lucrative cash flow through property investment.
Investors get Golden Visa:Â Investors who buy property worth AED 2 Million or more can avail of the Golden Visa in UAE.
Tax-Free Country:Â One of the most amazing facts that makes Dubai an enticing city to invest in is its tax-free factor. This allows the investors to buy property at a lower price compared to other countries.
Safety and Security:Â The city has very low crime rates due to strong security and legal laws. The UAE economy has a powerful and safe infrastructure as well.
Fast Pace Growth:Â Dubai is a city that strives to improve every day. A new project, a new event or a new record-breaking activity is achieved by the city now and then.
Dubai is filled with numerous investment opportunities, especially in real estate. Real estate is the best investment in the UAE. Many properties include Villas, Apartments, Townhouses and Communities available in Dubai. There is an abundant supply of properties at competitive prices across the city, and we are here to help you find the highbrow areas to invest in Dubai.
Investment In Palm Jumeirah
Palm Jumeirah is one of the top locations to invest in Dubai. The giant man-made islands in Dubai have attracted many tourists due to their luxurious lifestyle. Palm Jumeirah has options of villas, apartments and townhouses for sale in Dubai with leisure activities and great amenities.
In 2022, Palm Jumeirah saw a hike of 30% in rental rates, making it a promising investment in Dubai. Being a prime area in Dubai, many restaurants, schools, malls, clinics and many more essentials are nearby. The homes in Palm Jumeirah have easy access to the most famous beaches in Dubai. The average price to own a property in Palm Jumeirah would be approximately AED 5,000,000. The ROI for investment in Palm Jumeirah is 5.30%.
Investment In Damac Hills Estate
One can enjoy a lavish lifestyle at Dubai Hills Estate. People interested in having a premium lifestyle with Dubai’s best golf course will enjoy their stay at this location. Dubai Hills Estate offers a variety of options in apartments, townhouses, and villas for sale in Dubai. The average price to invest in this area is AED 1,800,000.
The ROI for investment in Dubai Hills Estate is 5.28%. It is located on Al Khail Road and easily accesses Downtown Dubai, Dubai’s most happening tourist, entertainment and retail destination. The rental prices for Dubai Hills Estate have risen by 16% in the past year.
Investment in Arabian Ranches
Another popular and one of the highbrow areas to invest in Dubai is the Arabian Ranches. A family-friendly community with many townhouses and villa options for sale in Dubai. The locality provides many family-oriented amenities like schools nearby, children’s play areas, a safe and kid-friendly environment etc. The family-friendly factor attracts most of Arabian Ranches’ residents. It will cost an average price of AED 2,000,000 to purchase a villa or a townhouse in Arabian Ranches. The ROI for investment in Arabian Ranches is 4.99% approximately.
Investment in Business Bay
The Heart of Dubai. The bustling corporate society with both residential and commercial spaces. Business Bay is known to be a center for many tall skyscrapers. The world’s tallest residential tower is set to be built in Business Bay. It is on Sheikh Zayed Road, close to Downtown Dubai, Dubai Mall, and Burj Khalifa and has easy access to public transportation. If you are targeting office spaces or a corporate location, Business Bay is the most iconic spot to invest. The average price to buy a property in Business Bay is AED 1,500,000. The expected ROI here is 5.6%.
Investment in Dubai Marina
A well-connected location was easily accessible to public transportation and close to many of Dubai’s major localities like Marina Mall, Bluewaters, Jumeirah Beach Residence etc. The location is what leisure and luxury feel like. It is one of the most sought-after areas with abundant restaurants, leisure activities and a very active nightlife.
Beautiful waterfront views of the man-made canals surround the apartments in Dubai Marina. Dubai Marina is a great place to invest as the ROI is 5.8%, and it has seen an increase of 29% in rental prices in the past year. And that is why now is a good time to invest in property in Dubai. The average price to invest in property in Dubai Marina is approximately AED 2,250,000.
Investment in Downtown Dubai
The home of Burj Khalifa, the tallest building in the world. Downtown Dubai is one of the most visited areas by tourists as it houses the Largest Mall, Dubai Mall and Burj Khalifa. Downtown Dubai has high-rise apartments of utmost luxury quality. There is easy access to various retail stores, entertainment hubs and numerous restaurant options, from fast food to fine dining. The average investment price in Downtown Dubai is AED 2,600,000, with an expected ROI of 5.18%. An all-rounder area with luxury, retail, entertainment, business and dining facilities.
Investment in JVC
A family-friendly community with a luxurious lifestyle and a serene setting is what Jumeirah Village Circle is all about. There are options for villas, townhouses, and apartments for sale in JVC. The main reason you should invest in Jumeirah Village Circle is because it offers a tranquil environment away from the bustling chaos of the city.
JVC mostly attracts families as the community offers various family-friendly amenities and has access to schools, hospitals, and fitness hubs nearby. It is a calm, peaceful, homey community with all the necessary amenities and only a little distance from the main city. The rental rates in JVC have risen by 24% in 2022. The average price to buy property in Jumeirah Village Circle is AED 2,500,000, and the expected ROI is 8.1%.
Investment in MBR
MBR City is an HH Sheikh Mohammed Bin Rashid Al Maktoum development with the world’s largest man-made lagoons. MBR City is a family-friendly community with luxurious apartments, mansions and villas for sale in Dubai with two international schools. Restaurants, shops and many more entertainment and lifestyle options surround the community. MBR City creates a well-sought modern community amidst the day-to-day bustle. The community also houses the Meydan One Mall, including a Horse Race Track. The investment price in Mohammed Bin Rashid City can be as low as AED 2.1 Million to Over 20 Million.
Conclusion
Opting for the highbrow areas to invest in Dubai can be tedious. Your decision should consider various factors to find the best investment property in Dubai that suits your requirements. Some areas have better amenities, while others have a better lifestyle. Some may have more family-oriented facilities, while others may have more tourism activities. It is important to carefully analyze each option to best suit the investor. We can guide you in selecting the best investment opportunity in Dubai. Contact Home Sweet Home Luxury Real Estate Dubai for any queries or information.
