Highbrow Investment Areas in Dubai
Dubai is a city where dreams come true. 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, be it for tourism or settling in, Dubai is in top of its game to serve people according to their needs. This makes Dubai a good investment.
Deciding where to invest in Dubai can be tricky. A lot of factors effect on deciding which area to invest in Dubai. These factors could be budget, amenities, locality, the people and so much more. 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 and creates happiness and opportunities to both residents and tourists.
Why Invest in Dubai?
Dubai is the most modern, preferable, and luxury enriched Emirate of the United Arab Emirates. People most likely to come to Dubai for business, tourism, and/or entertainment and a lot of investment opportunities. Let’s discuss why Dubai a good place to invest in property.
High Rental Yield: The continuous increase in residents in Dubai will yield high rental activity resulting in a much lucrative cashflow through property investment.
Investors get Golden Visa: Investors who buy property worth AED 2 Million or more can avail the Golden Visa in UAE.
Tax-Free Country: One of the most amazing facts that makes Dubai an enticing city to invest in is because of its tax-free factor. This allows the investors to buy property at a lower price compared to other countries.
Safety and Security: The city has very low crime rates as a result of a strong and powerful security and legal laws. The UAE economy has a powerful and safe infrastructure as well.
Fast Pace Growth: Dubai is a city that pushes themselves to become better every day. A new project, a new event or a new record-breaking activity is achieved by the city every now and then.
Dubai is filled with numerous investment opportunities, especially in real estate. Real estate is the best investment in UAE. There are many properties that include Villas, Apartments, Townhouses and Communities available for sale 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.
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 its luxury living 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, there are many restaurants, schools, malls, clinics and many more essentials in close proximity. 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 approximately be AED 5,000,000. The ROI for investment in Palm Jumeirah is 5.30%.
Damac Hills Estate
One can enjoy a lavish lifestyle at Dubai Hills Estate. People who are 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 in Al Khail Road and is easily accessibly to Downtown Dubai, Dubai’s most happening tourist, entertainment and retail destination. The rental prices for Dubai Hills Estate has risen by 16% in the past one year.
Another really popular and one of the highbrow areas to invest in Dubai is the Arabian Ranches. A family friendly community with many townhouse and villa options for sale in Dubai. The locality provides many family-oriented amenities like schools nearby, children’s play area, safe and kid friendly environment etc. The family friendly factor is what attracts majority of the residents of Arabian Ranches. 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.
The Heart of Dubai. The bustling corporate society with both residential and commercial spaces. Business Bay is known to be a centre for many tall skyscrapers. The world’s tallest residential tower is set to be built in Business Bay. It is in Sheikh Zayed Road, close to Downtown Dubai, Dubai Mall, Burj Khalifa and has easy access to the public transportation. If you are targeting office spaces or a corporate location, Business Bay is the most iconic spot for you to invest. The average price to buy a property in Business Bay is AED 1,500,000. The expected ROI here is 5.6%.
A well connected location easily accessible to public transportation and in close proximity to many of Dubai’s major localities like Marina Mall, Bluewaters, Jumeirah Beach Residence etc. The location is what leisure and luxury feels like. It is one of the most sought-after areas with abundant restaurants, leisure activities and the presence of a very active night life. The apartments in Dubai Marina are surrounded by beautiful waterfront view of the man-made canals. Dubai Marina is a great place to invest as the ROI is 5.8% and has seen an increase of 29% 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.
The home of Burj Khalifa, the tallest building in the world. Downtown Dubai is one of the most visited areas by tourist 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 option from fast food to fine dining. The average price to invest in Downtown Dubai is AED 2,600,000 with an expected ROI is 5.18%. An all-rounder area with luxury, retail, entertainment, business and dining facilities.
A family friendly community, with a luxurious lifestyle and a serene setting is what Jumeirah Village Circle is all about. There options of villas, townhouses, and apartments for sale in JVC. The main reason why you should invest in Jumeirah Village Circle is because it offers a tranquil environment away from the bustling chaos of the city. JVC mostly attract families as the community offers various family friendly amenities and has access to schools, hospitals, and fitness hubs in close proximity. A calm, peaceful, and homey community with all the necessary amenities and only a little distance away 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%.
MBR City is a development by HH Sheikh Mohammed Bin Rashid Al Maktoum with world’s largest man-made lagoons. A family friendly community, MBR City has luxurious apartment, mansions and villas for sale in Dubai with two international schools. The community is surrounded by restaurants, shops and many more entertainment and lifestyle options. MBR City creates a well sought modern community amidst the day-to-day bustle. The community also houses the Meydan One Mall that includes a Horse Race Track. The price to invest in Mohammed Bin Rashid City is can be as low as AED 2.1 Million to Over 20 Million.
Opting for the highbrow areas to invest in Dubai can be a tedious task. Your decision should take into account various factors to find the best property to invest 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 other may have more tourism activities. It is important to carefully analyse each option to choose what suits the investor the most. We can guide you in your journey in selecting the best investment opportunity in Dubai, contact Home Sweet Home Real Estate Dubai for any queries or information.