Dubai Property for Sale:
One of the biggest advantages of buying real estate in different areas of Dubai is that the city’s economy is growing at a good pace, as well as the population growth itself. Since 2002 Dubai has become a center for foreign investors with its freehold areas.
Most of the listed areas in Dubai have both residential and commercial properties. The cost of purchasing real estate in Dubai is lower than in most other major cities in the world and brings in an average higher rental income.
Real Estate Investment in Dubai:
The most important factor determining the growth of the real estate market in Dubai is the tax system, the quality and the pace of construction, and the demand of investors who want to launch a business in the region.
Choosing the best places to invest in real estate in Dubai is one of the main factors of investing in real estate to get a high ROI in the UAE.
Some investors choose Palm Jumeirah, Business Bay, and Dubai Marina to put up money in Dubai real estate. There are many other top investment areas in Dubai that offer world-class amenities required for a high-standard living.
Despite the fact that according to Property Monitor, the rental yield has decreased by an insignificant 0.20%, one can still profit from an attractive rental yield of an average of 6.23%.
Real Estate Investment Property for Sale in Downtown Dubai
Downtown Dubai or Dubai city center is a huge residential and commercial area in the North of Dubai, which takes up an area of 2 square kilometers.
It is home to some of the most famous attractions in Dubai, including The Burj Khalifa, The Dubai Mall, Dubai Fountain, and Dubai Opera.
Apartments in Downtown Dubai are high-rise buildings offering a high standard of living. Burj Khalifa contains commercial office space, a 160-room Armani hotel, and 90 residential floors.
Property for Sale in Palm Jumeirah
Palm Jumeirah is the largest project with an area of 5.72 square kilometers, designed in the shape of a palm tree, where 16 branches are bordered by coastal houses and private villas that can accommodate more than 60,000 residents.
The island is home to many hotels, skyscrapers, shopping and entertainment centers, beach clubs, and resorts. More than 80 restaurants, cafes, and other attractions in the Pointe, located along the waterfront on the Palm.
Unlike many other districts in Dubai, Palm Jumeirah is equally popular for buying both apartments and villas.
A 3-bedroom Villa in this area costs an average of AED 6.2M, a 4-bedroom villa may cost AED 9.2M and for a 5 bedroom villa, you have to pay AED 16.5M. Moreover, property in Palm Jumeirah is also in demand on the secondary market.
Property for Sale in Dubai Marina
The Dubai Marina district is more than 3 km long surrounded by a wide pedestrian area called the Dubai Marina Walk with numerous cafes and restaurants which can be found along the landscaped promenade with world-class facilities.
There are 200 skyscrapers including the world’s tallest residential building.
Property for Sale in Arabian Ranches
Arabian Ranches by Emaar Properties is a suburban community located near Burj Khalifa. Real estate investors prefer Arab ranches because of the longevity of off-plan projects and high demand in the secondary market.
The Arabian Ranches Area consists of three residential communities. It has a full range of necessary amenities: a supermarket, 20 shops, a travel agency, pharmacies, cafes, bars and restaurants, SPA and beauty salons, as well as its own medical center, a mosque, and a community center.
The average prices for villas for sale in Arabian Ranches are AED 2.6M, for a 3 bedroom villa, AED 3.8M for 4 bedrooms, and AED 4.5M for a 5 bedroom villa.
Property for Sale in Jumeirah Village Circle
Jumeirah Village Circle (JVC) is strategically and carefully located in the heart of new Dubai but away from the hustle and bustle of the city.
The Jumeirah Village Circle is ideal for those residents who are looking for a luxurious lifestyle in a peaceful environment for a family measured life without hassle.
The community includes more than 2,000 sprawling luxury villas and exclusive townhouses, all located in a quiet village.
Property for Sale in Business Bay
Despite Business Bay is still partly under construction, investors find it appealing as the investment of the future.
Known for its commercial and residential areas, Business Bay is very popular with company employees foreign citizens who come to Dubai for work and creation.
Whether for self-use or as a rental property, investing in Dubai’s Business Bay will definitely be profitable.
Final Words
Despite the impact of the coronavirus pandemic on the world economy and the well-being of the population, the economy of the UAE remains safe and stable due to the government of the United Arabian Emirates has taken all necessary preventive measures to avoid the spreading coronavirus infection, measures to support the population and economy of the country.
In this way, they managed not only to minimize losses but also to keep the economic situation stable and at a level no lower than before the COVID-19 pandemic.
The real estate sector in the United Arab Emirates stays stable enough, and the total cost of transactions has even increased compared to the same period last year and the freehold areas are in demand for purchase, rent, and investment.
The real estate market in Dubai remains attractive for purchase and investment especially with well-integrated communities such as Dubai Marina, Arabian Ranches, and Palm Jumeirah with upscale amenities and reputed developers behind them.
Binayah – Best Real Estate Company Dubai
Established in 2007, Binayah Real Estate Company Dubai was formed by industry professionals with a combined experience of over 30 years in the Real Estate Market. We offer our clients a distinguished array of services, ranging from real estate brokerage, property management, portfolio management, to investment and development consultancy.
