This year has started off like a blessing for anyone looking to rent or buy a property in Dubai. With a majority of developments nearing completion or providing handover in 2019, there is a huge influx of properties. This has obviously led to a a decline in overall prices and rents, it’s no wonder that residents and expats are having a great time.
For a buyer, it is imperative to know which communities are holding their value over time. Luckily for you, we’ve compiled a list of the top 5 most stable communities in Dubai which provide a healthy rate of return over a period of time.
A new entrant on this list and already topping the charts, Emirates Living has beaten the likes of Town Square, Dubai Marina, Sports City and Downtown Dubai in the top five. If you’re on the lookout for highly recommended for households with children, Emirates Living is the place to be. The community has been one of the favorites among the residents and expats alike owing to its guarantee of a healthy lifestyle, the fitness facilities such as swimming pools, gyms, greenery, walking possibilities and noise levels.
This up-and-comer has been making waves recently for its affordable duplex villas.
At the intersection of Al Qudra Road and Emirates Road, the relatively new development by Nshama has become popular, and that demand means prices are staying steady. For less than 1m Dhs you can get a 2BR apartment in the Hayat Boulevard or in the sleek Zahra building.
For small and growing families, you can get a 3BR for AED 1.4 million or 4BR for less than AED 2 million, all in a thriving community with upcoming retail outlets, Reel Cinema, a central park, 13 KM of cycling trails and international schools.
Imagine the height of luxury and then amp it up a level. Dubai Marina offers a tranquil and idyllic lakeside setting amidst acres of high-rise residences and the sprawling Marina Walk with its cozy cafés, stylish restaurants, walkways, biking trails and cobbled streets. Dramatically sited for maximum appeal, the captivating views of some of the world’s finest luxury yacht marinas and lavish sunsets that the Marina residences flaunt from every vantage point are the true highlights.
Popular for its affordability in the apartment category, Sports City has consistently offered rental yields between 7-9% per year. Average price per square foot is AED 880, remaining relatively stable since 2017. Studios go for AED 500,000 or less, while 1-bedrooms range from AED 550,000 to AED 700,000.
Featuring the Burj Khalifa as its centerpiece and adjacent to one of the world’s largest shopping malls, Downtown Dubai is one of the city’s most sought after communities to live in, not just in Dubai, but in the entire UAE. Nowhere else can you find such easy access to uninterrupted views of the city’s skyline and vast lake shore. The glow of the city provides you with all the light you need for sipping cocktails from your terrace or balcony while the residences of the glitzy Emaar Boulevard encircling the magnificent Burj open out to gorgeous views of palm-lined walkways, luxury shops, street side cafés, the Old Town, the sea, and of course, the most idyllic sunsets.
For more information about interesting place to live in the UAE, visit https://www.zoomproperty.com