Dubai real estate is one of the most sought-after investment destinations. Favorable climatic conditions and developed infrastructure attract foreign nationals. About 90% of the inhabitants of the metropolis are ex-pats, so real estate in the UAE is in high demand all year round. We will try to figure out which areas are more profitable to invest in, is it worth choosing properties in Business Bay or coastal communities? They all have their advantages.
Communities where flats and apartments for investment are in demand
For those planning investments, developed tourist areas near the coast remain the most profitable.
Dubai Marina
Emaar Properties, one of the largest state developers of the UAE, is engaged in the construction of the district. The main advantage is the location along the coast of the Persian Gulf. The apartment windows overlook the water. The return on investment here can reach 7-8% per year.
Palm Jumeirah
The man-made island impresses with large-scale works. The residential complexes have luxury villas and apartments. The average profitability rate varies from 5% per annum due to the high cost of housing.
Business Bay
There are commercial and residential properties in this developing area. Apartments dominate the housing offers, but there are also villas in elite properties.
The most popular communities for villa owners
2021 was a record year for the sale of villas in Dubai. The pandemic has changed stereotypes, and buyers prefer spacious housing. The following sub-communities dominate the investment demand:
- Al Furjan;
- Palm Jumeirah;
- Arabian Ranches.
Villas in Damas Hills and Dubai Hills Estate are also in high demand.
Areas of Dubai with prestigious new developments
For those who want to buy a property as an investment and do not plan to move to permanent residence, there are several prestigious areas with off-plan residential complexes:
- Dubai Marina and Stella Maris residential complex. This is a skyscraper overlooking the coast, which will be equal to the famous Burj Khalifa.
- Dubai Creek Harbor and the Palace Residences complex. The skyscraper is near the beach and the central part of the metropolis.
And these are several options.
Assistance in the selection and purchase of Dubai real estate
There are many questions about the acquisition of foreign housing:
- How not to make a mistake in choosing a property?
- Which developer or agency to choose?
- How to conclude a deal without knowing local legislation?
On the website https://emirates.estate/, you can find the answer to any question and get professional advice on choosing and purchasing real estate in Dubai. An extensive and updated database contains current prices for all regions of the metropolis.