It goes without saying that the emirate of Dubai is the preferred choice to buy a property in Dubai for not only local investors, but foreigners as well. Among the huge number of people that visit Dubai every year, a section consists of investors who are looking for opportunities to buy the best properties in Dubai and diversify their portfolio.
Having said that, it wasn’t always the case when foreign investors were allowed to own properties in this emirate. Earlier, only locals were entitled to own properties here. However, the rules were amended. Foreigners, or expats as they are often called, can now buy property in Dubai, albeit only in certain areas. These are called ‘freehold areas’.
In this post, we have discussed some of the best freehold communities that promise high ROI for investors also answers if expats can buy property in Dubai. Take a look at them:
Firstly, located close to the famous Downtown Dubai, Business Bay features a mix of residential and commercial high-rise buildings. So, whether you are looking to buy a home or an office, you can definitely consider this community.
Known as one of the trendiest communities in the city, it offers an upscale lifestyle with an array of amenities and facilities available for residents. It is nestled on the bank of the Dubai Canal, which gives it a pleasant and vibrant vibe. A favourite of world-renowned real estate developers, you can find ultra-luxury studios, apartments, penthouses and villas in this community. These living spaces are available in different configurations.
It is ranked among the top freehold communities in the city. And why shouldn’t it? It houses the tallest structure in the world ‘Burj khalifa’ and numerous other attractions that attract tourists from across the globe.
Needless to say, residential units in this community are quite expensive. Thus, mostly those who come of wealth buy a property in Dubai this community.
Making way into the list of top freehold areas in the emirate, Dubai Marina is an upscale residential district boasting of a prime location and various top attractions. Apart from the lavishly designed and ultra-luxury waterfront residential units, it has a lot in store for residents. You can find top-notch restaurants, shopping malls, spas and recreational centres in Dubai Marina.
It is also home to some of the latest residential developments. So, if you are looking for an off-plan project in Dubai for investment, you’ll find plenty of options in Dubai Marina.
A beachfront community, JBR enjoys great popularity among buyers and investors alike. As per various reports, it is one of the most preferred areas for apartments for rent in Dubai. The community is known for the lavish sea-side lifestyle it offers. Apart from that, Ain Dubai, AquaFun and various other attractions have contributed to its popularity.
Those who’re looking for apartments for sale in Dubai will find JBR to be a viable choice. Even if you are looking for a residential unit for investment purposes, JBR makes for the right choice since the properties here have great potential for yielding a high ROI.
Famous for its stylish and luxurious villas that come with unparalleled amenities, Arabian Ranches is one of the first suburban freehold areas in Dubai. It is a self-contained community that houses a world-class golf-course and masterfully planned residential units.
Therefore, expats can find abundant offers for villas for sale in Dubai and realize their dream of owning an ultra-luxury, spacious standalone house in this emirate.
Apart from the aforementioned ones, Arjan, Barsha Heights, Cultural Village, Dubai Creek Harbour, Dubai Production City, Jumeirah Heights, Mirdif Hills, DAMAC Hills, Dubailand, International City, Dubai Sports City are some other popular freehold areas in the emirate.
Contact Zoom Property if you are looking for the best property in Dubai like apartments, penthouses, villas and other types of residential properties in freehold areas in Dubai.