When planning to invest in the real estate market, most seasoned investors head to Dubai – the emirate that’s known to be the haven for investors from around the world. There are lots of cosmopolitan projects being launched all around the Emirate and the buyers have quite a variety to select from. If you are looking for the best places to buy property in Dubai, here we have some of the top performing communities listed for you. Let’s have a look.
Best Places To Buy Property In Dubai, 2019
As the market is favorable for the investors for last few months, it’s high time that you start looking for property investment options in Dubai. Just like anywhere else, location of the properties you want to invest in really matters. In fact, it’s something that determines your ROI in coming years and will prove to be a deciding factor in determining whether you sealed a lucrative deal or not. Talking about the Dubai’s property market, some of the places listed here might appear to be a bit expensive but they really give you the best investment opportunities.
- Dubai Marina
Dubai Marina leaves all other developments behind when it comes to overall favorite for the property investors in Dubai. The community is home to some amazing pavilion villas and high-rise apartments. Furthermore, a huge influx of dining and retail outlets in this part of the city has certainly made it the hot favorite for property investors in Dubai. The Bluewater’s Island project being launched lately adds to the long lasting allure of this area as one of best places for property investors to invest in Dubai. Reports suggest that asking price remains almost stable for the apartments here in Dubai Marina in last year or so which certainly makes it a great prospect for future.
On average, the asking price for studio apartments is 837K AED, 1-bedroom flats go for 1.3M AED while 2-bedroom units sell at 2.2M AED
2). Palm Jumeirah
Palm Jumeirah is a waterfront location that comes second on the list with a very close margin and it’s definitely one of the best areas for Dubai’s real estate investors to invest in. The eclectic projects and upscale location of the Palm Jumeirah have taken it a long way forward in becoming most sought after communities in Dubai. With projects like Raffles and Palm Beach Residences already completed, Palm Jumeirah is expected to reach new heights of popularity and demand this year and beyond. The prices have also been stable for some time with studios selling at 1.19M AED, 1-bedroom apartments at 2.2M AED, and 2-bedroom apartments going at 2.7M AED.
In fact, this location isn’t just popular for apartments but also offers some of the most amazing luxury villas to the residents. 3-bedroom villas in Palm Jumeirah sell at an average of 9M AED while the prices go up to 11.3M AED for 4-bedroom units and 14.25M AED for 5-bedroom luxury villas. The Palm is also getting increasingly popular in secondary market which obviously makes it the ideal property investments for expats in Dubai.
3). Arabian Ranches
The infamous villa community named Arabian Ranches has made some waves in recent years and it really deserves to be on this list of best places in Dubai where property investors can try their luck. With secondary property market resurging and off-plan projects going long, the two factors have really made sure that the investors don’t lose interest in this premium community which is known for its high-end properties and luxury lifestyle. Arabian Ranches really makes for a perfect choice for families foreigners often prefer to buy homes here which certainly keeps the properties here in demand year round.
The average price for 3-bed villas in Arabian Ranches stands at 3.09M while the 4-bed villas are sold on average at 4.25M AED and it is 5.45M AED for the 5-bed units.
4). Jumeirah Village Circle
The JVC appears on this list quite expectedly as it offers easy access to a variety of places in Dubai with the likes of Dubai Marina, Jebel Ali, and JLT while keeping the property prices extremely competitive. The investors have also shown great interest in some of the top off-plan projects in this part of the emirate with the likes of Belgravia II and Bloom Heights. That has certainly increased credibility of this area when it comes to rental yields. Currently the average prices for studios in Jumeirah Village Circle stand at 460K AED. The 1-bed apartments are sold at 750K AED while 2-bed apartments are going at 1.14M AED.
- Downtown Dubai
Downtown Dubai has long been dubbed as “Center Of Now” and it’s where the gigantic Burj Khalifa is. Besides, the area is also known for Mohammed Bin Rashid Boulevard and The Dubai Mall. Talking about the property market, Downtown Dubai is home to some luxurious high-rise apartments right in the center of Downtown. With Burj Khalifa standing right there, this area is definitely going to lose its appeal anytime soon and it’s going to be amongst the top tourist attractions for years to come. Therefore, the prices are also higher here with studios selling at an average of 1.22M AED, 1-beds selling for 1.58M AED and the 2-bed units fetching up to 2.85M AED. Nevertheless, the property market here is still quite appealing due to higher rental yields and a strong secondary market.
So, in which area are you going to invest then? Are there any favorites? Decide now as you’re still in the game of making it big this year with your real estate investments in Dubai.