Do you want to know where to buy a property in Dubai and how much does it cost?
If yes, here are the best places to buy property in Dubai for excellent ROI. Dubai has grown to become one of the best places in the UAE offering convenient business setup procedures. Dubai has transformed from a small trading nation to a global trading destination. In four decades, Dubai has achieved a buoyant economy. Located in the Dubai Properties properties for sale in Dubai like the Persian Gulf, next to the Gulf of Oman, the city of Dubai is a world-renowned city whose importance in the global economy is almost unmatched.
Why Buy Property in Dubai?
Due to its strategic position, and actively diversifying economy, and excellent business relationships and prestige, Dubai is a unique location for companies looking to expand or invest, especially in the Middle East, North Africa, Central, and South Asian markets. , or anyone who wants to do business in the Middle East region.
Dubai has established itself as an emirate in its oil industry and that industry has fueled its current success as a cosmopolitan metropolis. But in terms of total GDP.
Which reached $ 90.9 billion in 2012 and has grown by roughly 10% in the last two years, oil and gas only contribute about 8%.
Its main sources of income are currently real estate and construction, various financial services, and information technology. Due to the construction boom that instigated the construction of the Burj Khalifa, the tallest building in the world, Dubai boasts state-of-the-art infrastructure and also benefits greatly from extensive telecommunications and widespread connectivity.
When it comes to real estate, there really isn’t a city like Dubai. It is home to unique and impressive structures, as well as spectacular attractions that will blow you away. Thanks to the presence of a host of futuristic and cosmopolitan projects and uniquely designed residential communities, the emirate is a real estate investor’s paradise.
Investments in Dubai Properties :
Upcoming projects for Expo 2020 are also helping to create more investment opportunities in Dubai for buyers. Since the market has favored buyers in recent months, it is the perfect time for those looking for real estate.
There is a long list of freehold areas in Dubai that investors can choose from and it is important to choose the right location. Choosing the right area is essential for real estate investments in Dubai, as it can affect the return you can expect in a few years.
Although according to the property monitor, the overall rental yields have decreased by a minimum of 0.20%, you can still benefit from an attractive rental yield of 6.23% YTD on average. With prices flattening, capital appreciation at this point could be less, but we expect long-term gains through 2020.
Dubai as a whole is a working nation, but one of the main factors in choosing an investment property is located. Some of the best locations to invest in Dubai properties are nearby offices, business centers, or tourist spots. Below are some of the best places to buy property in Dubai.
Dubai Properties in Marina:
Dubai Marina is the most popular area to buy apartments in the UAE, generating the highest number of user searches and outperforming other popular neighborhoods in Dubai. An unprecedented choice for the elegant and sophisticated, the Dubai Marina area is one of the most sought-after neighborhoods in Dubai.
This impressive community features luxurious skyscrapers, a variety of dining and entertainment options, and best of all, it offers urban waterfront living to its residents.
Dubai Marina is a meticulously planned community, complete with a seamless road network and a picturesque marina, filled with luxury yachts. It is a true testament to the master developer, Emaar Properties, who turned a 3km coastal strip and 50 million square foot area into a modern neighborhood that offers a chic riviera-style lifestyle to Dubai residents.
A key feature of this multipurpose neighborhood is a large canal that stretches for 3.5 km and provides access to the sea at both ends. Prospective residents can choose from a variety of luxurious apartments in high-rise buildings, set against the beautiful backdrop of the marina. The launch of Emaar’s ambitious Bluewaters Island project
He also points to the long-term appeal of the location as one of the best areas for property investment in Dubai.
Apartment prices in Dubai Marina have remained more or less stable, which points to a bright future for those who invest in properties here. the median selling price of studios in Dubai marina is 800k, 1-bedroom apartments are 1.15m and 2-bedroom units are 1.9m. The ROI of the flats in Dubai Marina is 6.4%.
Downtown Dubai, better known as the “downtown now,” is home to the Burj Khalifa, the Dubai Mall, and Mohammed bin Rashid boulevard.
The appeal of the area is guaranteed to last with the Burj Khalifa as one of the most visited tourist attractions in the world. Downtown Dubai is consistently popular to invest in Dubai apartments thanks to its proximity to many city attractions.
Prices are reportedly predictable on the higher side, with studios averaging AED 920,000, 1 bed for 1.45m units, and 2-bedroom Aed reaching a cool AED 2.7 million, but this Still not detracting from the appeal of downtown Dubai apartments thanks to a strong secondary market and high rental yields averaging 5.4%.
Sheikh Zayed Road Dubai:
Known as the most iconic road in Dubai, the sheikh zayed road owned a handful of buildings on the deserted stretch in the early 1980s. However, in 2005, with the expansion of business on Sheikh Zayed Road, the area became one of the best shopping centers in the world, with gigantic infrastructures and diversified commercial configurations.
This Sheikh Zayed road runs corresponding to the UAE coast with construction wonders and extensive connectivity.
Dubai sports city:
The Dubai sports city is located along the Sheik Mohammed bin Zayed highway corridor and is close to the al Maktoum international airport. It provides a combination of residential and commercial properties along with commercial and sports facilities.
The area is among the first communities to adopt the Dubai government’s initiative to reduce carbon emissions. As the first step in this direction, all normal sodium streetlights were replaced by solar-powered LEDs. He also plans to create a solar farm to reduce the load on Dubai’s grid and generate savings for the community.
Recognized as a 50 million square foot sports complex that is perfect for Dubai’s sportiest people, it is home to five major sports venues.