The Dubai property market has always been a lucrative hub for foreign investors. This is why every year real estate connoisseurs from all over the world come to invest in the Dubai real estate sector. However, the main dilemma that most of the investors face is where to invest in Dubai and what type of property should they invest in?
Well, this is where we come to the rescue. Because today, we’re going to tell you about not only the best places to buy property in the emirate but also the best type to invest in.
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Best Places to Invest in Dubai
First, let’s take a look at the best areas for investment in the emirate.
Everyone who knows Dubai knows the name of Palm Jumeirah. It has always been a hit amongst investors and has become one of the most reliable localities in Dubai. Because of its exciting projects and upscale location, it serves as a safe haven for investors.
Also, despite the price plunge during Covid days, Palm Jumeirah remained one of those few areas that we’re able to retain their prices.
A place worth investing your hard-earned bucks is the home of Burj Khalifa i.e.Downtown Dubai. This area isn’t only a major tourist hub but is also home to some of the most extravagant residences that exude luxury. The residents of this region get to appreciate the stunning views of Burj Khalifa along with easy access to Dubai Mall. People who are looking for a long-term investment that can earn them handsome rental yield should consider this area.
Another area worth investing especially now at the apex of Expo 2020 is ‘The Business Bay’ area in the heart of Dubai. It is a fantastic development that is well suited for doing business as well as living. This area has more than 240 fully equipped towers that have a core or semi-fitted offices with world-class facilities.
Apart from offices, this area also has a variety of residential apartments, penthouses and villas.
Jumeirah Village Circle (JVC)
JVC is located right next to Dubai Marina and Jebel Ali. Recently, it has been attracting a lot of investors due to its comparatively economic rates when compared with other areas. The area has also become quite popular among new home buyers. You can easily find a 1-bedroom apartment here at AED 740,000. Where else can you find such an apartment with lavish views and state-of-the-art facilities?
Dubai Marina is another sought-after location in Dubai. It is home to beautiful villas, high-rise residential buildings and has an abundant supply of retail and dining options. Even the X-line Dubai, the longest urban zipline, is present here. Additionally, this area is well-connected with the rest of the city.
International City has been gaining popularity recently because of its super economical prices. Low property prices aren’t the only factor that’s attracting investors to International City; rather it’s the high ROI that it’s producing that has gotten it a place in the list of best areas to invest in Dubai.
Best Property for Investment
Even though all types of properties in Dubai produce handsome returns, the demand for villas in recent times has increased substantially. However, apartments are still considered a more economical option for investors that don’t have too much money for investment. Moreover, if you invest in the right place such as Princess Towers, you won’t get to enjoy high resale value but also high rental yields.
Even though the property market of the emirate provides fruitful outcomes. Still, it’s your lifelong savings so, you must assure that the investment you’re making is worth it. In the end, it all boils down to your decision, if you make an informed decision, you’ll surely reap high profits.