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  • Advice
  • property investing
  • Dec 20, 2021

5 Best Areas for Real Estate Investment in Dubai

The Dubai property market is teeming with lucrative opportunities for investors. Although the property demand and prices witnessed a dip in 2020 because of the global pandemic, it has picked up its pace now and is eyeing a strong recovery.

Reports suggest that the villa market is back to the pre-COVID levels, while the apartment sector is still making its way up there.

While the strong recovery is accredited to exceptional pandemic management by the UAE government, the role that Expo 2020 Dubai paid cannot be denied either. According to property reports, property sales figures have almost doubled since the global fair has commenced in the Emirate. There has been an increased activity reported in key performing areas, making them suitable for real estate investment in Dubai.

Let’s find out more about these areas

Leading Areas for Real Estate Investment in Dubai

1.  Dubai Marina

Dubai Marina is an impressive community famous among residents seeking a beach lifestyle. It nestles in itself several tourist attractions, luxury skyscrapers, and various entertainment options. But, of course, the highlight is the stunning range of waterfront properties available in this vibrant community, which makes it one of the best areas for real estate investment in Dubai.

It is basically a hotspot in Dubai where you will find all the happenings. Living in Dubai Marina allows you to stay closer to all the attractions of the Emirate while enjoying an upscale lifestyle. Properties here fall into the mid and high range categories, offering a high ROI for investors. You can find studios, apartments, and penthouses mostly. But, villas are also available, albeit in fewer numbers.

From the investment point of view, Dubai Marina offers a lot of potential. It clocked in 1142 transactions worth AED 2,592 million, 1678 transactions worth AED 5,149 million, and 1542 transactions worth AED 4,020 million, during the first, second and third quarter of the year, respectively. The culminating quarter is also expected to follow suit and produce remarkable results for investors.

The community’s ideal location, availability of luxury residential high-rise developments, and waterfront properties are some of the major factors that make it a firm favourite of investors and end-buyers.

2.  Business Bay

Boasting a well-equipped infrastructure, Business Bay is the next community in the list of best areas for real estate investment in Dubai. It’s a mixed-use community that was envisioned to promote business in the Emirate but features impeccable residential developments, mostly high-rises, featuring luxury apartments and studios offering an upscale lifestyle.

Properties in Business Bay are more on the expensive side, the lifestyle is fast-paced, and the location is ideal. It’s nestled between Dubai Water Canal and Downtown Dubai. It may not be suitable for those seeking a villa lifestyle, but if you’re an investor, you will find plenty of opportunities there.

The area remained investors’ favourite throughout 2021, which is evident from these statistics. It recorded 1079 transactions valuing AED 1,431 during the first quarter, while the Q2, 2021 property market report shows 1355 transactions worth AED 2,271. The third quarter also ended on a high note, with two of the most expensive properties (Volante worth AED 40 million and Dorchester Collection Dubai worth AED 37 million) being sold in Business Bay.

3.  Palm Jumeirah

An epitome of luxury and superior craftsmanship, Palm Jumeirah is one of the most beautiful areas you will find in Dubai. The crescent-shaped community houses some of the most sought-after properties that come with the most advanced facilities and amenities. It offers an ultra-luxury lifestyle amidst stunning water views and greenery. This is why properties here, despite being very expensive, offer a remarkable ROI.

Palm Jumeirah also houses popular hotels, resorts and other attractions, which makes it a popular area among tourists, apart from being a preferred place for real estate investment in Dubai.

When it comes to real estate investment and properties in Palm Jumeirah, investors can choose from high-end apartments, penthouses and villas. These properties attract buyers for their brilliant infrastructure, state-of-the-art amenities, and vibrant lifestyle. This is why Palm Jumeirah is a regular member of top areas where people prefer to make real estate investments in Dubai. It also occupies a prime spot among areas with the most expensive properties.

4.  Jumeirah Village Circle (JVC)

A mixed-purpose development by Nakheel, Jumeirah Village Circle (JVC) has remained popular among real estate investors and end-users for the last few years. It is conveniently located, features comparatively affordable properties, and has carved a reputation for one of the best family-friendly communities in Dubai.

The area offers a rather quaint lifestyle, features 33 landscaped parks, and provides residents easy access to other communities and parts of the Emirate, thanks to its strategic location.

When it comes to real estate investment, it is considered a suitable area as it remains high in demand among property buyers. Property reports show that 771 transactions valuing AED 661 million were recorded during the first quarter of 2021. The second and third quarters reported 1024 transactions valuing AED 793 million and 946 transactions worth AED 778 million, respectively.

5.  Downtown Dubai

Home to the Dubai Mall, Burj Khalifa and other notable landmarks, Downtown Dubai is the ‘centre of now’ and one of the best areas for real estate investment in Dubai. This is where you will find some of the best residential properties in the Emirate, in proximity to the world-famous attractions.

Downtown Dubai enjoys massive popularity among tourists, residents, and investors alike. Property prices in this community are on the higher side, they still offer a handsome ROI to investors.

As an investor, you can cater to high-earning expatriates as they form a major chunk of the total population here. It features a mix of high-rise buildings along with mid-sized villas, catering to the needs of different residents. The convenient location of this community (closer to Dubai International Airport) also makes it a preferred choice of property seekers, resulting in a high ROI for investors.

The Way Forward

Each area discussed above is different in its own way. But, one thing is certain, they make for a suitable choice for a real estate investment in Dubai. So, if you’re an investor seeking profitable opportunities, choose one of them. You can find property listings for these areas on Zoom Property. For a hassle-free experience, download the Zoom Property mobile app and explore properties on the go!

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