Do you wish to invest in Dubai’s real estate market, and aim for high returns?
Some areas are known for being the places that give you the best ROI whether you like it by the beach or in a buzzing city. But for a quick look at the top neighborhoods that smart investors are cashing in; let’s take a quick look at the top neighborhoods.
1. Palm Jumeirah
Because of the stunning sea views and the luxurious living that Palm Jumeirah offers, the wealthy buyers & investors demand for this iconic island Top Dubai Community .
Properties in Palm Jumeirah will offer a gross rental yield of around 10%, which again makes it a top investment property that investors should consider buying.
Key highlights
- Luxury villas
- High end apartments
- Stunning sea views
- Iconic man made island
Pricing and ROI
- Exclusive living environment
- Rich demand of wealthy tenants and tourists
- ROI: Up to 10% rental yield
- Average price: The price for apartments will begin from AED 2.5M.
Unit type
- Luxury apartments
- Villas
2. Dubai Marina
Dubai Marina is extremely popular for its bustling waterfront lifestyle and modern skyscraper, attracting a diverse tenant base. To top it all, rental yields here tend to sit at around 6% to 7%, due to strong demand for both short and long term rentals
Key highlights
- Skyscrapers
- Tourist hotspot
- Busting waterfront community
- Marina lifestyle
Pricing and ROI
- Strong rental demand for short-term and long term stays due to being a central location.
- ROI: Around 6-7% rental yield
- Average price: AED 1.8M for apartments
Unit type
- Penthouses
- High rise apartments
3. Downtown Dubai
This is where a vast number of landmarks stand out, mainly the Burj Khalifa and Dubai mall. Properties in Downtown Dubai with views of these landmarks often yield 7% to 8% of rental yield. This area continues to attract high net worth individuals as well as tourists.
Key highlights
- Burj Khalifa
- Dubai Mall
- Luxury living
- City center location
Pricing and ROI
- They are high demand properties with views of iconic landmarks which are premium properties and are highly demanded by high net worth individuals.
- ROI: Up to 7-8%
- Average price: AED 3M for apartments
Unit type
- Penthouses
- Luxury apartments.
4. Jumeirah Village Circle (JVC)
JVC is a popular choice for those who want to bring in popular choices without disrupting their wallet. With growing amenities and accessibility, this area offers yields of 6% to 7%, and is of course in high demand.
Key highlights
- Growing infrastructure
- Affordable
- Family friendly community.
Pricing and ROI
- Affordable entry point with strong demand, popular for mid range investors.
- ROI: 6-7% rental yield
- Average price: AED 850K for apartments starting from.
Unit type
- Villas
- Townhouses
- Apartments.
5. Dubai Hills Estate
Dubai Hills Estate , undoubtedly one of Dubai’s master planned communities, offers high quality living spaces and a great location. The ROI here often exceeds 8% and more, and especially for apartment residences.
Key highlights
- Parks
- Golf course
- Master planned community
- Central location.
Pricing and ROI
- Strong demand for both rental and sale properties with high quality living.
- ROI: Exceeding 8% in some cases
- Average price: AED 1.5M for apartments.
Unit type
- Villas
- Townhouses
- Apartments.
6. Dubai Creek Harbour
Dubai Creek Harbour is an attractive investment with rental yields up to 6 – 7% and stunning views of the creek with close proximity to wildlife sanctuaries. The relevance of that rant has waned dramatically, which is due to the fact that it is becoming a popular modern sustainable community.
Key highlights
- Waterfront community
- Creek views
- Proximity nature
- Sustainable living
- Newer development
Pricing and ROI
- Growing demand.
- ROI: 6-7% rental yield
- Average price: AED 1.3M for apartments
Unit type
- Apartments
- Townhouses.
7. Business Bay
Business Bay is a major business hub and attracts professionals and investors. Its location, close to Downtown Dubai, is an offer of rental yields ranging between 5 and 6 percent, which make it a great destination for residential and commercial investments.
Key highlights
- Near Downtown
- Central location
- Major business hub.
Pricing and ROI
- Great commercial and residential investment
- Excellent demand from professionals.
- ROI: 5-6% rental yield
- Average price: Apartments prices start from AED 1.2M
Unit type
- Penthouses
- Offices
- Apartments.
Conclusion
Each one of these areas stands for a variety of investment options for investors and investments need are based on different budgets and tastes but at the same time you will maximize the returns. Dubai’s real estate market remains consistently offering strong return on investment whether searching for ultra luxury or mid range property.
