Why Investing Money in Dubai is a Great Idea?

by Ibss Consultant Cosultant Company Based on UAE

Looking to invest in Dubai? IBSS Consultant is here to guide you to all the locations in the emirate that are the best areas for investment in Dubai property.

IS BUYING PROPERTY IN DUBAI A GOOD INVESTMENT?

When it comes to real estate, there really is no place that match the level of a city like Dubai. It is home impressive structures such as the Burj Khalifa and the upcoming Dubai Creek Tower as well as spectacular attractions that will leave you stunned. Is investing in property in Dubai a good idea? With the help of technology and cosmopolitan projects and uniquely designed residential communities, the emirate is a haven for property investors. Projects for the upcoming Expo 2020 are also contributing to creating more investment opportunities in Dubai for buyers. Market providing favours to the buyers in the past few months, the time is certainly perfect for those looking at property investment in Dubai.

However, there is a long list of freehold areas in Dubai that investors can choose from and it is important to choose the right location. Finding the right location is essential for Dubai’s real estate investment as it can affect the ROI you can expect from it in a few years’ time.

Let’s take a closer look at which areas are the best to buy property in Dubai.

Popular Places in Dubai for Investment

While some of the areas listed here may seem a little on the higher side in terms of budget, their overall prospects for development make them the best areas for property investment in Dubai.

All the prices mentioned for these areas is according to our market analysis of the property prices in Dubai for Q1 2019.

Palm Jumeirah is the best place for foreign investment

When it comes to overall property investments in Dubai, Palm Jumeirah is a favourite amongst investors. Palm Jumeirah, a perennial favourite for real estate connoisseurs. Palm’s location and huge projects which are coming have made it one of the most reliable places to invest in Dubai real estate. The real estate investment in Dubai’s Palm Jumeirah is expected to peak when the luxury Palm Beach Residences and Raffles projects are completed.

Buy Apartments in Palm Jumeirah

Palm Jumeirah is one of the best areas for investment in Dubai property

The asking prices for apartments for sale in Palm Jumeirah for 2019 have remained quite stable at AED 1.15M for studios, AED 2.14M for 1-bedroom apartments and AED 2.58M for 2-bedroom apartments. Unlike many other areas, Palm Jumeirah is equally popular for buying both apartments and luxury villas in Dubai. A 3-bedroom villa in the area averages at AED 6.2M, 4-bedrooms are AED 9.2M and 5-bedrooms are at AED 16.5M. The continued popularity of the Palm in the secondary market makes it an ideal choice for ex-pats looking at real estate investments in Dubai.

Dubai Marina Takes the second spot in real estate investment

Coming in a close second in the list of popular areas for property investments in Dubai is yet another waterfront location; Dubai Marina. The enviable mix of high-rise apartments, pavilion villas and abundance of retail and dining outlets has made it an eternal favourite with Dubai real estate investors. The launch of Emaar’s ambitious Bluewater’s Island project also points to the location’s long-term allure as one of the best areas for investment in Dubai property.

Penthouses in Dubai Marina

These apartments for sale in Dubai Marina are considered high-end properties with a wealth of amenities

The asking prices for apartments for sale in Dubai Marina have remained stable, pointing to a bright future for those investing in property here. Those looking to invest in Dubai should snap up these properties when the prices are still favourable. The average asking price for studios in Dubai Marina is AED 800k, 1-bedroom flats are going for AED 1.15M and 2-bedroom units are at AED 1.9M. The ROI for the flats in Dubai Marina stands at 6.4%.

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Downtown Dubai is the third place in investment

Downtown Dubai which is dubbed the ‘centre of now’ is home to the Burj Khalifa, The Dubai Mall and Mohammed Bin Rashid Boulevard. The area is known for the luxury high rise apartments in the heart of Downtown and the quainter apartments in Old Town. The appeal of the area is guaranteed to last with the Burj Khalifa being one of the most visited tourist attractions in the world.

Arabian ranches are the next area to rank on this list of places for real estate investment in Dubai

The next on our list of best areas for investment in Dubai property is the popular villa community of Arabian Ranches. It has seen a distinct increase in interest over the years among those looking to invest in Dubai. The longevity of the off-plan projects and the resurgence of the secondary property market in the area has ensured continued interest in Arabian Ranches, especially for families looking at Dubai real estate investment opportunities.

Arabian Ranches

The villas for sale in Arabian Ranches offer investors one of the best investment opportunities in Dubai

From uniquely styled family villas to a wealth of facilities and amenities this area the best investment in Dubai if you are looking for villas. The average asking prices to buy 3-bedroom villas in Arabian Ranches is AED 2.6M, 4-bedrooms are at AED 3.8M and 5-bed units are at AED 4.5M. The expect ROI in Arabian Ranches is around 5.8%

Jumeirah village circle (JVC) also offering investors the best Dubai property investment opportunities for investors

Nakheel’s mixed purpose development, Jumeirah Village Circle (JVC) makes a predictable appearance in the list of best areas for investment in Dubai property. The easy access to Dubai Marina, JLT, and Jebel Ali, along with the extremely competitive pricing of the villas and apartments in JVC, has created a lasting interest in the area.

View of a residential building in Jumeirah Village Circle

Integrated communities with amenities like JVC are one of the best areas for investment in Dubai property

Off-plan projects like Bloom Heights and Belgravia II have also been investor favourites, adding to the credibility of the area in terms of rental yields. The prices for flats for sale in JVC are as follows: Studios in JVC are currently going for an average of AED 485k, 1-bedroom apartments are going for AED 740k and 2-bedroom apartments will set you back by AED 1.1M. The ROI here averages at 6.7%

Other best areas for investment in Dubai property

JLT and The Springs are two other great areas offering the best investment opportunities in Dubai. Here is a closer look at what both these areas aver to offer.

Jumeirah Lake Towers (JLT)

If we go into the specifics of property investments in Dubai, the other areas to consider if you are looking exclusively at buying apartments in the emirate is JLT

When it comes to Property in Dubai investments that are affordable are the apartments in JLT that are a great choice. The high-rise apartments for sale in JLT are located opposite the more luxurious development of Dubai Marina but offer similar amenities at a lower price tag making it the best investment in Dubai at affordable rates. Residents have access to a wide range of culinary outlets, bars and recreational facilities including gyms, pools and fitness centres. For a shopping fix, there’s the well-stocked Dubai Marina Mall just across the road and the Ibn Battuta Mall and Mall of the Emirates a short drive away. The average price for buying studios in JLT is a modest AED 590k, 1-beds command an average of AED 900k and 2-bedroom flats will set you back by AED 1.35M.

The Springs Investment in Dubai property for villas

The Springs villas is a great place for property investments in Dubai

The Springs villas that are a part of the Emirates Living Community is another prime example of residential development for Dubai property investment. Those looking at buying villas in the emirate will be happy to note that this Emaar Community is an ideal choice to invest in Dubai thanks to its proximity to schools, an amazing range of recreational facilities and quiet neighbourhood. The average price for a 3-bedroom villa in The Springs is AED 2.3M while 4-bedroom units command just over AED 2.7M.

What will the future of property investments in Dubai look like?

It’s evident that the introduction of vat has not slowed down the property market in Dubai. To understand the market sentiment and gauge audience interest in the Dubai property market we opened a special survey to our Facebook followers and e-mail subscribers. A whopping 52% of the respondents believed that investing in Dubai property was the best option, overtaking stocks and even gold!

While a significant 51% portion of the respondents in this survey appeared to believe that property prices in Dubai will fall in 2018, a substantial 27% believed that prices will remain stable, reiterating the steady pace at which the UAE real estate industry is progressing.

As you can see many residents believe that buying property in Dubai a good investment and the property prices are favourable for investors. If you are interested in making that leap towards securing your future and invest in the emirate, be sure to check out this expert’s opinion on why you should buy property in Dubai to make an informed choice.

For all the latest updates on the best areas for investment in Dubai property stay tuned to IBSS the best real estate consultant agency in Dubai.

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