This passage shines areas in Dubai that MyBayut finds worthy of investment.
Is investing in Dubai properties suitable?
Burj Khalifa, coming Dubai Creek Tower and likewise support Dubai’s unrivalled position in the estate world. Property developments featuring futuristic, cosmopolitan, and uniqueness, and the potential of imminent projects for Expo 2020 support attraction in investing in Dubai. Furthermore, the past few months have increased investment attraction.
Dubai offers fabulous choices in its freehold areas. Going for the right area is bound to bless you with a good Return on Investment, and some are penned below.
Areas in Dubai to Invest
Buying can be costlier in some Dubai communities, yet their overall return estimation justifies the pricier factor.
Palm Jumeirah claims the first place in Dubai from the investment perspective. The high-end location and variety in projects confer such attraction on Palm Jumeirah. Besides, the fulfilment of Raffles and Palm Beach Residences is bound to increase the worthiness of this community.
Prices of studios, one-bedroom and two-bedroom, three-bedroom, four-bedroom and five-bedroom apartments in Palm Jumeirah remained steady at AED 1,150,000, AED 2,140,000, AED 2,580,000, AED 6,200,000, AED 9,200,000, and AED 16,500,000 in 2019, respectively. This stability draws expatriates towards Palm Jumeirah from the investment perspective.
This by-the-sea community comes second with its almost stable prices, high-rise apartments, plentiful retail outlets, several eating choices, pavilion villas, and likewise features. Emaar’s launching of Bluewater Islands has added to the value further. Dubai Marina charges AED 800,000, AED 1,150,000, and AED1,900,000 for studio, one-bedroom, and two-bedroom apartments on average, respectively. The average Return on Investment rate in Dubai Marina is 6.4 percent.
Burj Khalifa (a magnet for tourists), The Dubai Mall, Mohammad Bin Rashid Boulevard, and high-rise apartments introduce Downtown Dubai to the property world. Though AED920,000, AED1,450,000, AED 2,700,000 prices for a studio, one-bedroom, and two-bedroom apartments, respectively, are higher, yet these appeal to buyers. The 5.4 percent rental yield is one sidekick of Downtown Dubai.
The property market of Dubai has seen a notable increase in Arabian Ranches. The duration of off-plan projects, appearance of the secondary market, and popularity amongst families are supporting factors of Arabian Ranches.
Villas in Arabian Ranches feature family-friendliness, plentiful facilities, and many amenities. The cost of 3-bedroom, 4-bedroom, and 5-bedroom villas here is AED2,600,000, AED 3,800,000, and AED4,500,000, respectively. The estimated Return On Investment in Arabian Ranches revolves around 5.8%.
Jumeirah Village Circle
This venture of Nakheel justifies its importance for many reasons. Easily accessible Jebel Ali, Dubai Marina, Jumeriah Lake Towers, and affordable staying cost are some popularizing factor.
Bloom Heights and Belgravia here signify off-plan projects and earn the trust of investors by dint of their rental yields. Studio, 1-bedroom, and 2-bedroom apartments in Jumeirah Village Circle cost AED485,000, AED740,000, and AED1,100,000 respectively. The average Return on Investment in Jumeirah Village Circle is 6.7%.
Other Investment-Worthy Communities in Dubai
In addition to the above, Jumeirah Lake Towers and The Springs exhibit good investment opportunities. The following lines present some relevant information bits.
Jumeirah Lake Towers
If you take a bird’s eye view of the Dubai estate market, Jumeirah Lake Towers appear attractive from the profit-taking perspective.
The affordability is the salient feature. Also, high-rise apartments in Dubai Marina and exhibit likewise amenities at a reasonable cost. Furthermore, the restaurant, bar, and entertainment range raises the value of the investment in Jumeirah Lake Towers higher. Dubai Marina Mall caters to the shopping needs of residents of Dubai Marina. The Ibn Battuta Mall is at a stone’s throw while Mall of Emirates isn’t far. The price of the studio, one-bedroom, and two-bedroom apartments are AED590,000, AED900,000, and AED1,350,000, respectively.
The Springs is one component of the residential Emirates Living Community in Dubai, which is good for profit-taking. The investment appeal here rests on its closeness to schools, a range of fun-churning opportunities, and quite an atmosphere. A 3-bedroom villa in The Springs costs AED2,300,000, while a 4-bedroom villa costs AED2,700,000.
Generally, VAT hasn’t dented the Dubai estate world noticeably. MyBayut mentions its one survey involving Facebook and email users, and both camps found Dubai investment-worthy. They even preferred Dubai properties to the share market and even gold. Slightly above 50% of the respondents feared a further decline in 2018 in properties, while a bit more than a quarter of questioned audience hoped-for stability in prices. These MyBayut quoted bits of information advocate stability in the UAE property market.