4 Best Regions for Property Investment in Dubai
Dubai is one of the most expensive cities in the world, and this is reflected in the city’s real estate market. Any wise investor would be insane to pass up the wonderful luxury apartments that are being offered as property investments in the most exclusive areas.
So, what are you waiting for? Let’s quickly dive into this short blog and explore the best regions for property investments in Dubai.
4 Best Regions for Property Investment in Dubai
- Downtown Dubai
This is one of Dubai’s best-known areas. Also, it is a geographic, commercial, and tourism hub. Here are the primary tourist attractions, like the Dubai Opera, dancing waterfalls, and the Burj Khalifa, the highest building in the world.
Why choose Downtown Dubai?
- The prices in Downtown Dubai are higher than average, averaging AED 1M.
- A one-bedroom flat in Downtown Dubai costs an average of AED 1.5 million.
- AED 3M is the asking price for 2-bedroom apartments in Downtown Dubai.
- The average price for a 3-bedroom flat in Downtown Dubai is AED 4.9 million.
- Dubai Hills Estate
Emaar and Meraas Holding are the main developers of the brand-new Dubai area known as Dubai Hills Estate. It is a multi-use property with townhomes, apartments, parks, basketball and volleyball facilities, and other amenities.
Why choose Dubai Hills Estate?
- The project’s square is 11 square kilometers.
- Dubai Hills Estates luxury villas have an ROI of 4.9%.
- The micro district’s 1-bedroom apartments start at AED 535k.
- Almost 13, 000 people are likely to live in 3, 333 homes.
- Jumeirah Lake Towers (JLT)
JLT is a busy commercial area in the center of Dubai that is constructed around four man-made lakes. This lake is just behind Dubai Marina. Residential and commercial towers make up the mixed-use community, which can fit different financial situations and real estate requirements.
Why Choose JLT?
- AED 451k is the average cost of an apartment in JLT.
- The average cost of a one-bedroom flat in JLT is AED 822k.
- The cost of a two-bedroom flat at Jumeirah Lake Towers is AED 1.3 million.
- A three-bedroom apartment in JLT costs an average of AED 1.5 million.
- Dubai Silicon Oasis
A government-owned Dubai Silicon Oasis was created to facilitate and promote new technology-based industries.
Why Choose Dubai Silicon Oasis?
- It is divided into 5 chief pillars and has a total size of 7.2 million square meters.
- The average sale price of cozy apartments in Dubai Silicon Oasis is AED 327k.
- The average cost of a spacious 2-BHK flat in Dubai Silicon Oasis is AED 801k.
- The average price for a 3-BHK flat in DSO is AED 1.1 million.
Conclusion
Dubai is regarded as one of the top destinations for property investment. This is because of its higher rental yields, favorable tax laws, and good infrastructure.
Though there are several spots to pick from, the top four places mentioned above are the best. Also, your budget and the type of property you’re interested in will both play a role in selecting the right property.