When it comes to real estate, there is no city like Dubai. It is home to impressive structures such as the Burj Khalifa and the upcoming Dubai Creek Tower as well as amazing attractions that leaves one stunned.
However, is buying property in Dubai a good investment? Well, Yes! Thanks to the presence of a plethora of futuristic, universal projects, and uniquely designed residential communities, the emirate is heaven for property investors. With the market favouring buyers from the past few months, the time is undoubtedly perfect for those who want to buy property in Dubai.
Dubai has a wide array of real estate projects for investors, ranging from residential to commercial properties such as townhouses, penthouses, apartments, villas, and much more. Regardless of the size of the investment, it is crucial to find the right location of the property to invest in as it is the main factor that helps to determine the return on investment. With so many amazing areas to invest in and around Dubai, buying property can prove to be quite intimidating. So to make the task easy, here is the list of best areas one can consider while purchasing property in Dubai:
Jumeirah Village Circle
Jumeirah Village Circle is a recently developed area. It was designed to provide a peaceful village setting for residents. It’s located further away from the hustle and bustle in the city. Jumeirah Village Circle was developed to accommodate mostly high-end townhouses and villas. Being more of a village, one still finds sufficient amenities in this area, including parks, schools, sports fields, and community centres.
Furthermore, Jumeirah Village Circle is located just 25 minutes away from Dubai International Airport, making it a convenient location. The area is most popular among families who want to live in a peaceful environment but with easy access to all the amenities of day to day life.
Downtown Dubai is home to the Burj Khalifa, The Dubai Mall, and Mohammed Bin Rashid Boulevard. The area is known for the luxury apartments in Dubai. The demand of the area is guaranteed to last with the Burj Khalifa being one of the popular tourist attractions in the world. Prices are predictably on the higher side, but this does not take away the appeal of the apartments for sale thanks to high rental yields, average at 5.4% and a solid secondary market.
Business Bay is located next to Downtown Dubai and extends from Ras Al Khor to Sheikh Zayed Road. It is a popular commercial hub of Dubai and has an essential role to play in making the UAE a significant business destination. It has more than 240 buildings comprising both residential and commercial structures. It is one of the most fast-developing areas of Dubai with an increasing demand for property. With significant roads, malls, medical, recreational and many other amenities in its proximity, the Business Bay is one of the best areas for investment in Dubai.
Dubai Marina is a thriving business centre with grounds decorated by stunning towers. Many people on short-stay trips or business prefer to stay in Dubai Marina. Besides its water-views, Dubai Marina is a leading choice when it comes to investing in Dubai as it is located near business offices in Dubai Internet City and Dubai Media City. This attracts many business people who demand a good place near their workplace and in a prestigious neighbourhood. There are lots of apartments for sale in Dubai Marina to fulfil the high demand.
Choosing a reputable real estate company is as essential as investing in a good location. Investing in Dubai with a company that is well-known like N7 Real Estate, and offers the best investment opportunities is crucial. After choosing an appropriate real estate asset-class, an optimal location, and a suitable developer, an investor can be assured that they are making a safe investment in Dubai.