Are you looking for a lavish villa or a cozy apartment to buy in Dubai? There are many areas in the city where you can find lucrative properties to invest in. With the market now favoring buyers, the time is perfect for those seeking the best areas for property investment in Dubai.
WHY SHOULD YOU INVEST IN DUBAI?
When it comes to real estate, there is no city like Dubai. It is home to impressive skyscrapers, vast palm tree-shaped islands and numerous world-class villa communities. Offering an unparalleled lifestyle, it is also one of the safest cities in the world. But people often ask whether buying property in Dubai is a good idea?
Thanks to the presence of a plethora of futuristic, cosmopolitan projects and uniquely designed residential communities, the emirate is a haven for investors.
While some of the areas listed in our article 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.
When it comes to buying property in Dubai, apartments are the most prominent choice. Some of the most popular areas with flats for sale in Dubai are Dubai Marina, Downtown Dubai, JLT, Dubai Silicon Oasis and International City.
- DUBAI MARINA
Dubai Marina ranks first on the list of most popular areas for property investments in Dubai. It’s a stunning waterfront location awash with facilities, amenities, and entertainment options.
Dubai Marina has a desirable mix of high-rise apartments. The abundance of retail and dining outlets has made it an eternal favorite with Dubai real estate investors. Emaar’s Bluewaters Island project also points to the location’s long-term allure.
The asking prices for apartments for sale in Dubai Marina have remained more or less stable. The ROI for the flats in Dubai Marina stands at 5.80%. Those looking to invest in Dubai should snap up these properties whilst the prices are still favorable.
- The average price for studios for sale in Dubai Marina is AED 754k.
- 1-bedroom flats for sale in Dubai Marina are going for AED 1.2M on average.
- Spacious two bedroom apartment for sale in Dubai Marina cost AED 1.8M on average.
- 3-BHK flats for sale in Dubai Marina average at AED 3M.
2. DOWNTOWN DUBAI
Downtown Dubai, dubbed the ‘centre of now’, is home to the Burj Khalifa, The Dubai Mall and Souk Al Bahar. The area is known for the luxury high rise apartments in the heart of Downtown and the more quaint apartments in Old Town. The area’s appeal is guaranteed to last, with the Burj Khalifa being one of the most visited tourist attractions in the world.
Downtown Dubai offers an enviable lifestyle. The higher prices do not take away from the appeal of the apartments for sale in Downtown Dubai thanks to a solid secondary market. The ROI for investing in Downtown Dubai is 5.18%.
- Prices are predictably on the higher side, with studios for sale in Downtown Dubai averaging at AED 1M.
- The asking price for 1-bedroom apartments for sale in Downtown Dubai averages at AED 1.5M.
- The airy 2-bedroom apartments for sale in Downtown Dubai has the asking price of AED 3M.
- 3-bedroom flats for sale in Downtown Dubai costs AED 4.9M on average.
3. JUMEIRAH LAKE TOWERS (JLT)
If we go into the specifics of property investments in Dubai, the other area to consider if you are looking exclusively at buying apartments in the emirate is Jumeirah Lake Towers (JLT).
When it comes to affordable Dubai property investments, the apartments in JLT are a great choice. The high-rise apartments for sale in JLT are located opposite the more luxurious development of Dubai Marina. Still, they offer similar amenities at a lower price tag making it the best investment in Dubai at affordable rates.
The ROI for investing in Jumeirah Lake Towers is 6.82%. Residents have access to a wide range of culinary outlets, bars, and recreational facilities, including gyms, pools, and fitness centers. 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 AED 451k.
- The price for 1-bedroom flats for sale in JLT is AED 822k on average.
- Spacious 2 bedroom flats for sale in Jumeirah Lake Towers will set you back by AED 1.3M.
- The asking price for 3-bedroom flats for sale in JLT is AED 1.5M on average.
4. DUBAI SILICON OASIS
Dubai Silicon Oasis is one of the best areas for property investment. The area is popular among investors and home buyers interested in affordable apartments for sale in Dubai.
Dubai Silicon Oasis is a sought-after neighborhood with plenty of commercial spaces available along with amenities such as parks, restaurants, schools nearby, and hospitals and clinics.
DSO started as a hub for tech start-ups but quickly grew into a buzzing residential district. Those looking to live in Dubai Silicon Oasis will be spoilt with an array of property types to choose from. The ROI for investing in Dubai Silicon Oasis is 6.82%.
The apartments in Dubai Silicon Oasis range from cozy studios to roomy 3-bedroom apartments. This makes it ideal for all residents, from young professionals to families.
- Cosy studios for sale in Dubai Silicon Oasis has an average sale price of AED 327k.
- The asking price for 1-bedroom flats for sale in DSO is AED 473 on average.
- An airy 2-BHK apartment for sale in Dubai Silicon Oasis has an average asking price of AED 801k.
- 3-BHK flats for sale in DSO costs AED 1.1M on average.
5. INTERNATIONAL CITY
International City is another excellent option to buy property in Dubai. It’s one of the best areas to buy apartments in Dubai at an affordable price. It is an “International City” in the truest sense of the word and is home to country-themed building clusters. The district is known for its distinctive architecture.
International City features numerous country-specific residential districts and retail outlets. The community’s first phase includes these country-inspired individual districts:
- China District
- England District
- France District
- Greece District
- Spain District
- Morocco District
- Italy District
- Emirates District
- The Central District
- The Forbidden City
- The Lake District
Located near Al Warqa’a and the Global Village, across from the Dubai Central Fruit and Vegetable Market, International City is spread over 8.2 sq. km. The affordability and the amenities on offer make this area one of the best places to buy property in Dubai. The ROI for investing in the area is an impressive 7.52%.
- Get an affordable studio for sale in International City, averaging at AED 228k.
- The asking price for 1-bedroom apartments for sale in International City averages at AED 321k.
- 2-bedroom apartments for sale in International City has the asking price of AED 666k.
- 3-bedroom flats for sale in International City costs AED 1M on average.
