Dubai – the city of gold, has always been a hot favourite amongst real estate investors. The reason behind is none other than the lucrative returns Dubai properties are known to give. Another prominent reason is the wide array of properties available here. Investors are undoubtedly spoiled for choice when it comes to choosing a property in the emirate. These properties are located in top-notch neighbourhoods in Dubai.
With that said, today, we’re going to talk about some of the most sought-after areas in Dubai as per the Q2 reports. Let’s take a look at them!
Like always, Dubai Marina is the most popular area for investment in Dubai. It is still an excellent choice for anyone who’s looking to buy property in the mid-price range despite its rising popularity. The market is mature and plenty of fruitful investment opportunities are available.
Buyers can choose from a variety of apartments, townhouses and villas. Dubai Marina has some of the best apartments for sale in Dubai that offer exceptional rental yield due to its prime location. Moreover, there are many top-notch retail and dining options available here, even one of the world’s longest urban ziplines, the X-line, is located here.
Additionally, the resale market is pretty profitable and you won’t face any issue if you want to sell your property.
Arabian Ranches, without any doubt, is one of the most popular villa communities nestled in Dubai. So, it’s no surprise that it’s in the Q2 list of most popular areas in the emirate.
It is a desert themed development spread across an area of 1650 acres, containing a premium golf course, parks and best retail options. Being present quite close to the Burj Khalifa, the Dubai Polo and Equestrian club further adds to its worth.
Villas and townhouses in this community are quite popular among investors because of their high demand in the secondary market and longevity of the project. Therefore, if you’re looking to invest in some quality villas or townhouses, Arabian Ranches can be perfect for you.
Palm Jumeirah has always been a hit amongst investors. Thanks to its exciting projects and upscale location, it has become a safe haven for investors. Despite the price plunge during Covid days, Palm Jumeirah was one of those few areas that were able to retain their prices. The trend is still visible as it’s always among the most sought-after areas in the Dubai list.
Jumeirah Village Circle (JVC)
Another outstanding development standing right next to Dubai Marina and Jebel Ali is the Jumeirah Village Circle. It has been attracting a lot of investors, due to its comparatively economical rates when compared with other areas in the emirate.
JVC has become quite popular among new homebuyers. You can easily find a 1-bedroom apartment here at AED 740,000 with lavish views and state-of-the-art facilities.
Jumeirah Lake Towers (JLT)
The Jumeirah Lake Towers is another popular residential apartment complex located in the vicinity of Dubai Marina. These swanky residences are quite popular among families because of their ease of access and plethora of amenities that they offer to their residents. Other than the adjacent Metro station, JLT also enjoys a fair commute to Dubai Knowledge Park, making it highly suitable for university going students.
Moreover, JLT also has plenty of entertainment options available including fabulous eateries, libraries and cinemas. It is one of those few properties in Dubai that are bound to give good returns.
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Dubai Silicon Oasis
Situated on the Highway intersection of Sheikh Mohammed Bin Zayed Road and Dubai-Al-Ain Road, the Dubai Silicon Oasis is the technological hub of the emirate. This fast-growing area is known for its affordable commercial spaces and cheap apartment rents.
With the state-of-the-art facilities it offers along with low annual rents, this locality is perfect for anyone who wants to start their own set-up in Dubai. Silicon Oasis also has a free trade zone that further facilitates IT companies operating in the technology park. This place is perfect for everyone who’s looking forward to a holistic community lifestyle.
In all, the Dubai real estate market is full of lucrative opportunities that one can avail to gain high ROI. But the trick is to invest in the right place at the right time. So, before making an investment, you should consider different options available. For instance, investing in any DAMAC property such as DAMAC paramount towers is considered safe because they’re bound to produce fruitful outcomes.