Top 10 Areas to Invest in Dubai Real Estate for Higher ROI
Dubai has been rightfully regarded as one of the best places on Earth to live. It is one of those lavish cities that will not only impress you with its scenic landscapes and mesmerizing shores with azure water but also with its stunning architecture that has given birth to a splendid skyline of enthralling skyscrapers. The booming economy and business-friendly environment add to its never-ending allure, making it a highly sought-after residential destination in the world.
So, needless to say, people not only from across the Middle East, but the entire world are grasping at a chance to live out their dream of living in this chic city. So, if you are one of them and are considering buying a property in Dubai from a realiable property developer, we are here to assist you with finding the answer to the most relevant question associated with it - the question of where in Dubai you should buy a property.
With multiple developed areas all across the city, each with its unique appeal, one can be spoilt for choices. But to truly understand which area offers what and which one will suit you the best return on your investment, we are presenting you with a list of the best places to buy property in Dubai.
10 Best Locations to Buy Property in Dubai
Our list of good areas to live in Dubai is an eclectic one, uniform in their appeal from a business perspective, has luxurious residences and offers access to a smooth network of transportation. From downtown to beaches, we have diversified this list so that you can pick one that suits your needs and requirements the best.
Downtown Dubai
Downtown Dubai is a large-scale, mixed-use complex in Dubai that is referred to as the ‘center of now’. With a perfect fusion of old-school traditional architecture and contemporary designs and technologies, you will encounter a broad range of investment opportunities in this area. From lavish villas to luxurious apartments, and everything in between, this bustling centerpiece of the city will give you an abundance of options for residential units.
This chic area is also home to iconic landmarks that have become the symbol of the UAE to the world. Notable among them are Burj Khalifa - the tallest structure in the world, The Dubai Fountain – the largest choreographed fountain system in the world, Dubai Opera – the multi-format performance art center, and Dubai Mall - one of the largest malls in the world.
Downtown Dubai is located along the Sheikh Zayed Road across from Al Wasl locality on the northwest. Being at the center of the city, you will be in close proximity to world-class restaurants, shopping malls, retail outlets, recreational zones, educational centers, hospitals, and of course, corporate institutions. It also is the perfect environment for families to thrive as the neighborhoods are spawned with communities that celebrate culture and diversity to facilitate an urban lifestyle.
Business Bay
If you are thinking of property investment in Dubai, you have to consider Business Bay. As evident by its name, it is the business hub of the city and is the work center for thousands of folks. Located in the south of Downtown Dubai and stretching across the gorgeous Dubai Canal, the strategic positioning of Business Bay makes it a top priority for investors who want to venture into long-term profitable real estate investments.
The infrastructure of the area is crafted to fortify business expansion. But, this place is not just a commercial hub, despite what its name solely describes. It is also a highly favored residential destination. As it hosts an extensive range of local and multinational corporate conglomerates, it attracts working individuals to its area who prefer living in and around the area for quick access to the workplace.
Investing in properties in Business Bay is a lucrative option for its high rental yields as you can count on a handsome and steady source of income from the properties here. The waterfront developments and high-rise structures of the city offer modern amenities and access to smooth transportation and ensure your property is marked by sophisticated neighborhoods with spectacular views.
Dubai Marina
If you want a property by the picturesque shoreline of the Arabian Gulf, then Dubai Marina is without a doubt the best place to invest in Dubai. This man-made canal city is home to some spectacular waterfront residences as well as commercial units. The freehold status of the area ensures foreigners can buy properties in Dubai with much ease, making this place extremely popular among expats.
Located on Interchange 5, properties in Dubai Marina bring high rental yields and capital appreciations, which is ideal for those who are considering putting their properties on rent or re-selling them after their purchase. The community neighboured and prime location of the city only accentuates its appeal further.
On top of everything, you also get contemporary beach clubs, upscale restaurants, and posh retail centers, along with provisions for yacht tours and various adventure spots, including zip-lining, in the area. The pedestrian-friendly walks offer uninterrupted breathtaking views of the shores and the excellent transportation system facilitated through water ferries, metros, trams, and buses makes navigation smooth. So, if you are looking for smart investment options in Dubai, this area should be pretty high on your list.
Palm Jumeirah
A man-made archipelago that has added an unparalleled legacy to the UAE, The Palm Jumeirah is developed through land reclamation to resemble a palm tree over the majestic Arabian Gulf. With three distinct areas resembling the trunk and fronds of the tree with an outer crescent, this area is a sight to behold and has been rightfully regarded as one of the spectacular displays by mankind.
While the trunk is reserved for a range of mixed commercial and residential units, the fronds host a line-up of opulent residential units, primarily villas. The outer crescent, on the other hand, is home to upscale luxury resorts. To say that the properties of the Palm Jumeirah offer an unmatched view is an understatement. This is the ultimate indulgence of a lavish lifestyle, evident by the fact that the demand for high-end properties in this area never ceases.
The popularity of the area with international tourists makes it a profitable investment option because the rental yields from the properties here are through the roof. The serene ambiance provided to the residents along with round-the-clock surveillance makes this area not only spectacular but also secure and safe.
Jumeirah Lake Towers (JLT)
The biggest appeal of Jumeirah Lake Towers (JLT) is how it caters to the diverse needs of its mixed population; ensuring no matter what demographic you represent, all your needs and preferences will be taken care of. Ideal for working professionals, families, and those who enjoy socializing, the community ambiance along with access to recreational zones makes this place worthy of every penny for real estate investment in Dubai.
Consisting of around 80 towers built along the edges of three man-made lakes – JLT Lake, Lake Almas East, and Lake Almas West – JLT offers a perfect sanctuary to balance out your work-life ratio. With opulent residential units spawned beside a hustling center of business, this area ensures your work and leisure are closely integrated and that there is no dull moment for recreation.
Described as a foodie’s paradise, JLT hosts some of the most remarkable names in the culinary world. From steak houses to sushi joints, it caters to the dining interests of a wide range of preferences. The dynamic nightlife and the soulful community add to the charm of this magnificent area, perfect for living, working, and entertainment purposes.
International City
A favorite among expats, International City, as its name suggests, is home to a cluster of country-themed districts, each having its unique flavor of themed residential units and retail outlets. With the districts named after Italy, China, England, Greece, Spain, Morocco, France, and the Emirates, among others, this is one of the most diverse areas of the city. Defined by multiculturalism and architectural marvels, it is often regarded as the best property investment in Dubai for expats.
As it is among the freehold areas of the city, it is open for full ownership of properties by foreigners. Investing in high-end projects worth more than AED 2 million also makes foreign nationals eligible for the extremely beneficial UAE Golden Visa, which ensures long-term residency for foreign citizens in the UAE.
Located in the Al Warsan region of the city, you will find sumptuous townhouses and luxury apartments here designed to perfection to elevate your modern. The seamless RTA bus service in the region makes navigation extremely convenient and hassle-free, transporting you from one place to another quickly and efficiently.
Jumeirah Village Circle (JVC)
One of the most eco-friendly residential areas in Dubai, Jumeirah Village Circle (JVC) is a meticulously crafted community that is apt for a sustainable lifestyle. It not only has an impressive portfolio of exuberant residential units but is also home to gorgeous landscaped parks, ensuring a stroll in and around the area is filled with greenery. With ample spaces dedicated to outdoor activities, the green spaces in JVC are a testimony to the area’s relentless efforts to promote a healthy lifestyle for its residents.
Situated along Sheikh Zayed Road and Al Khail Road, JVC has the strategic advantage of seamless connectivity to major hubs of the city including Downtown Dubai, Dubai Internet City, and Dubai Marina. With the ongoing and upcoming development planned, the infrastructure of this already developed area is only going to get heightened further, drawing more and more people to it.
Thanks to its community lifestyle and green spaces, it is in heavy demand throughout the year, which adds to the capital appreciation of the properties and ensures profitable Return on Investment (ROI). The robust performance of the real estate in the area proves time and time again why investing here is a feasible decision.
Al Furjan
With its impressive infrastructural development, Al Furjan provides ample investment opportunities in Dubai that are ripe for capital appreciation bringing high rental yields for the investors. The area offers a conducive environment for an urban lifestyle with its properties catering to modern amenities and touched by contemporary architectural designs.
The green surroundings and walkways spread throughout Al Furjan speak volumes about the sustainability of the area and showcase how modern architecture can go hand-in-hand with green development. The presence of premiere restaurants, elite schools, top-end medical centers, and exclusive malls makes investing here worthwhile. This fast-growing area is a sanctuary of community living that allows its residents to thrive by giving them access to greenery as well as modern amenities.
Since this area boasts a family-friendly environment, it attracts tenants known for their stability and long-term tenancy. As such, provisions for long-term rental income are extremely high. Furthermore, Al Furjan also promises public transportation upgrades and advanced road expansions in the near future, which means, the demand for properties in this area is going to rise rampantly. A lot of new off-plan projects are coming in this area and you can also buy directly from the developer. Therefore, if you want to capitalize on real estate, this is one of the best areas to invest in Dubai.
Jumeirah Beach Residence (JBR)
Nestled along the immaculate coast of the Arabian Gulf, Jumeirah Beach Residence (JBR) is a waterfront community that provides serene residential apartments along with magnanimous shopping and dining experiences. Spanning across 1.7 km, JBR offers a beachside boulevard that serves as a gorgeous promenade and brings coastal vibes to your lifestyle. It is also among the city’s most sought-after retail destinations, housing premium fashion brands, boutiques, and international outlets.
Each residential property here can be a contender for the best property in the city and gives you all the reasons to invest in Dubai. The bustling community thriving amidst the ocean view makes the area a feasible investment option. Daily commuting is highly convenient thanks to its fantastic public transportation system. With high capital gains, investors are in for a treat irrespective of whether they put it on rent or re-sale their purchases.
Wealthy citizens across the country swear by the beauty of this splendid destination as the luxury apartments here are often purchased as vacation homes, owing to the tourist-friendly nature of the area. One of the richest and poshest places in all of Dubai, it truly embodies the chic lifestyle that Dubai promises to the world.
Dubai South
Formerly known as Dubai World Central, Dubai South is closely located near Al Maktoum International Airport and Jebel Ali Port. This means that it not only has strong connectivity to domestic and global routes, but it also falls at the crossroads of international trade, making it a viable investment area. Looking at the promising projects in and around the area, it is rightfully regarded as the future of Dubai.
Planned as an integral city, Dubai South has dedicated zones that serve and cater to distinct purposes, namely residential, commercial, logistics, business, aviation, exhibition, humanitarian, and golf districts. It has shown immense growth potential and its legacy was showcased globally as it hosted the iconic Expo 2020, putting itself on the map for the world to see its endless possibilities. With highly anticipated off-plan properties announced frequently, its contribution to the real estate market of Dubai is worth noting.
From freehold to leasehold properties of varied kinds – townhouses, penthouses, villas, apartments, - there is no dearth of choices in this highly rewarding area of Dubai. It goes without saying that if you are searching for the best location to buy property in Dubai, you should stop by here to check out its incredible offerings.
To Conclude
While searching for the best places in Dubai to buy a property, you should keep in mind their investment possibilities, potential for capital appreciation, access to modern amenities, and proximity to the major hubs of the city. All the ten locations that we have mentioned in our aforementioned list check all the boxes.
Not only you will get a stunning view of the Dubai skyline from the luxurious properties of these areas, but your investment will be safe and secured owing to the strict regulations put in place by the government to safeguard the interest of the investors. So, go out there, explore the offerings of these locations, and buy the property of your dreams.