The Dubai property market has staged a strong recovery after a brief sabbatical due to COVID-19. The market is currently ripe for investment with several key areas performing exceptionally well.
Efficient pandemic management, timely availability of vaccines, incentives for buyers and investors – these are some of the reasons accredited to a strong recovery of the Dubai property market. However, the impact of Expo 2020 Dubai cannot be neglected. The first-of-its-kind event that’s receiving massive footfalls from all over the world has helped to boost several sectors of the economy, including the real estate market.
The areas located closer to the Expo 2020 site, in particular, are recording high activity, making them ideal for real estate investment.
Before shedding light on the residential areas located around Expo 2020 Dubai ready for investment, let’s first take a look at some compelling reasons why you must invest in them:
The list of areas with high ROI near Expo 2020 Dubai cannot be completed without mentioning Dubai South – the community that has the privilege to host the global event. Once Expo 2020 Dubai closes its curtain and transits into District 2020, it is going to attain the status of the most extensive urban development not only in the Emirate but the entire country.
A fast-developing community, it spans over 145 square kilometres. The area features both apartments and villas, but the latter surpasses the former when it comes to ROI. You can earn 5.26 per cent ROI by buying a villa here.
Ranked among the top golf communities in Dubai, Jumeirah Golf Estates boasts a massive landscape and lush green spaces spread over 1,100 hectares. It is one of the most serene communities in Dubai with as many as five beautiful lakes. Furthermore, there are two incredible golf courses located in this neighbourhood.
When it comes to the selection of properties, it’s the best choice if you want to buy villa in Dubai for investment purposes. As the villa market is booming in Dubai, buying one in Jumeirah Golf Estate can prove to be quite beneficial for you. It offers 6.47 per cent
Apart from villas, the community also features luxury townhouses that come with modern amenities.
Al Furjan is another area near Expo 2020 Dubai that has emerged as a top choice for investors. If your preference lies in gated communities in Dubai, you can buy property in this area. It is suitable for both villas and apartments with an ROI of 5.62 per cent and 6.68 per cent, respectively.
The strategic location of this community gives residents easy access to Sheikh Mohammed Bin Zayed Road and Sheikh Zayed Road. It is one of the biggest factors that contribute to its success since it’s easier for them to access the rest of the Emirate.
Another reason why Al Furjan is climbing the charts of popularity in the real estate market is its tranquil ambience. Away from the city’s hubbub, yet easily accessible, it features landscaped gardens that add an aura of freshness to the living spaces. Property prices here are currently moderate. However, according to Zoom Property insights, they are expected to increase in the time to come; thereby, providing investors seeking properties in areas close to Expo 2020 Dubai with a lucrative opportunity.
A more suitable option for apartments, Dubai Investment Park is another area located close to Expo 2020 Dubai that’s offering high ROI.
It is essentially a mixed-use community featuring both commercial and residential properties available for sale and rent. Apartment buildings, however, are located in The Dunes Village, Ritaj, Ewan Residences and Green Community. Most of them are low and mid-rise buildings that come with state-of-the-art facilities; thereby, offering a lavish lifestyle to residents.
Its proximity to Sheikh Mohammed Bin Zayed Road is another reason why Dubai Investment Park remains a popular choice among investors. It offers 8.26 per cent ROI on apartments.
Next on the list of top communities with high ROI near Expo 2020 is the scenic Discovery Gardens by Nakheel. It features themed clusters, namely:
These clusters have 291 low-rise towers nestling apartments in different configurations, including studios, 1 and 2-bedroom units. The residents are served by an advanced set of amenities and facilities, such as sports courts, swimming pools, basement parking, walking, cycling and jogging tracks, etc.
For investors, Discovery Gardens can produce an ROI of up to 7.54 per cent. So, if you are looking for an apartment for sale in Dubai for investment purposes, you can explore listings in this area and select the best one to put your money into good use.
In all, the Dubai property market has a lot of potential for those seeking. As the market is currently recovering, it’s the right time to buy property as an investment since the prices are expected to increase in the near future.
You can find the latest listings of residential properties in these areas on Zoom Property, the leading property portal in the UAE.