Property Investment in Dubai

In some countries, the real estate market is either booming or underperforming, but the Dubai real estate market, despite the opposing market dynamics, withstands the odds, ensuring a good return on property investment in Dubai. To invest in the Dubai property market in 2024 is the investment goal of global property investors.

Past Dubai Real Estate Performance

Back in the year 2008, Dubai’s economy faced a massive crash, and Dubai’s real estate market took the maximum heat. The 2008 global financial crisis also contributed to the Dubai housing crash in 2009, and the pandemic outbreak-related economic slowdown in 2019–2020 was the third.

Back then, residential property prices in Dubai fell by 40% in the first three months of 2009, a complete contrast compared to the previous year’s hike of 48%.

But the fact that surprises the world is the pace at which Dubai’s economy progressed, especially Dubai’s real estate sector.

This city in the UAE took the hardest hits and overcame them all, and it presently positions itself as the best real estate market in the world. The top real estate developers choose revenue-generating locations for their projects, and investing in Dubai fetches them a good return.

Dubai Real Estate Market

The Dubai real estate market is the first choice of global property investors, as this jewel city of the UAE has exceptional infrastructure, communities, and locations, satisfying residential and commercial property needs.

The government policies encourage foreign investors to invest in Dubai and lay out easy procedures, making it easy for investors to buy Dubai properties. Property investors enjoy tax-friendly norms here and are able to make good profits on their Dubai property investments.

Dubai’s regulatory framework facilitates a transparent and secure mechanism, safeguarding the interests of international property buyers.

The towering skyscrapers, world-class luxury hotels, and high-class lifestyle make Dubai the best place for real estate investment.

The current growth of Dubai’s real estate market and its pace towards development lure real estate investment in Dubai.

Across the United Arab Emirates, the place best for property investment is Dubai, followed by other emirates like Abu Dhabi, Sharjah, Ras Al Khaimah, and others.

Best 10 Areas for Investment in Dubai

Dubai never fails to amaze the world with its infrastructure marvels that spread across the city, sealing fantastic architectural designs for commercial and residential structures.

The city is ready for the upcoming Dubai Expo 2024 and many other events, especially the real estate events that seek the attention of global real estate investors who are actively looking to invest in Dubai’s prime area properties.

All the areas have their own beauty and eminence, and all locations are best for investing in Dubai.

Here, HJ Real Estates uncovers the top 10 areas for real estate investment in Dubai that promise to offer handsome returns in the coming years.

1. Jumeirah Village Circle (JVC)

hj real estates blog top 10 areas in dubai jumeirah village circle

Developed by Nakheel, Jumeirah Village Circle is an outstanding place in Dubai and the most preferred property investment destination. Located amidst gardens, it prides itself on having a range of family-type residential properties and amenities and is listed as the best place for real estate investment in Dubai.

JVC is the most prominent location and the best area in Dubai for investment in real estate for home buyers looking to buy residential units that feature luxury at competitive prices. This area has affordable apartments and villas in Dubai that suit the property requirements of commercial investors and families.

JVC is an urban development area that focuses on village settings. The popular sub-communities in JVC are Seasons Community, Diamond Views, Hanover Square, Bloom Towers, and Reef Residence. Dubai Marina and JBR are also famous destinations here that are within a 20-minute drive.

The residents here have easy transport connectivity as The Gardens Metro Station and Al Furjan Metro Station are near JVC, making this area the most preferred place for real estate investment in Dubai.

The average rental and sales price of an apartment in JVC:

FloorsAverage RentalSales Price
StudioAED 36,000AED 454,000
1 BRAED 51,000AED 729,000
2 BRAED 72,000AED 1,119,000
3 BRAED 110,0001AED 480,000
4 BRAED 140,000AED 3,836,000

The average rental price of 1BR-4BR villas ranges from AED 87,000 to 153,000, and the average sales price from AED 1,235,000 to 2,395,000.

JVC is the best places to invest in Dubai for families and foreign investors.

2. Dubai South

Dubai South

Dubai South is one of the best areas in Dubai for property investment and is identified for its logistics and aviation ecosystem. It is popularized as the global transport hub and a vital contributor to the economic development of Dubai, raising the demand for this place in the international property market. It qualifies as the best place to invest in Dubai.

Apart from its sophisticated logistics, Dubai South is also a popular place for real estate investment in Dubai, comprising types of properties that suit varied lifestyles. Its business-friendly free zone lures start-ups, attracting commercial set-ups, and its perimeters provide an excellent living environment suitable for residential investors, making it the preferred location for property investment in Dubai.

The average sales and rental price of an apartment in Dubai:

FloorsAverage salesRental price
StudioAED 445,000AED 34,000
1 BRAED 644,000AED 43,000
2 BRAED 1,008,000AED 58,000
3 BRAED 1,893,000AED 103,000
4 BRAED 3,173,000AED 136,000

The sales price of villas in Dubai South for 2BR starts at AED 1,567,000, 3BR at 2,313,000, 4BR at 3,177,000, 5BR at 4,152,000, and 6BR at 12,177,000. The rental price of 2-4BR villas ranges from AED 100,000 to 142,000.

3. Downtown Jebel Ali

Downtown Jebel Ali

Downtown Jebel Ali is located amid the Jebel Ali Free Zone and Techno Park, massing around 200,000 residential properties and covering an area of around 6.5 million square meters. It’s one of the fastest-developing areas and the best place to invest in Dubai.

Downtown Jebel Ali offers properties installed with advanced home technology, superior architecture, and modern amenities.

The places within a 40-minute drive here are Dubai Mall, the Mall of Emirates, and Dubai Marina Mall, and Jebel Ali Beach is just 22 minutes away. This area is known to have the best commercial spaces, especially warehouses, which cost above AED 2 million.

The average selling price of a studio apartment starts at AED 360,000 and 26,000, the cost of a 1BR at AED 690,000 and 35,000, and a 2BR at AED 900,000 and 45,000.

FloorsPrice
StudioAED 360,000 and 26,000
1 BRAED 690,000 and 35,000
2 BRAED 900,000 and 45,000

For real estate investors, Downtown Jebel Ali is the best area in Dubai for property investment.

4. Dubai Creek Harbour

Dubai Creek Harbour

The Dubai Creek Harbour area is known for its majestic waterfront, which spans an area twice the size of Downtown Dubai and is near the historic Dubai Creek.

This waterfront destination is poised to become a new global icon with its awe-inspiring architecture and world-class amenities, making it the place to invest in Dubai. Investors can look forward to high rental yields and capital appreciation in this sought-after location.

Dubai Creek Harbour is a perfect mix of world-class residential units and diverse cultures, complementing the real estate needs of individual home buyers and businesses, and is the best place to invest in Dubai for families.

The districts in Dubai Creek Harbour are the Urban Core District, Sanctuary District, Island District, and Retail District.

Residents living here can visit nearby places within 15 minutes of reach, like the Dubai Festival City and Ras Al Khor Wildlife Sanctuary, and Dubai International Airport is just 12 minutes away.

In Dubai Creek Harbour, the average sales and rental price of 1BR is at 1,272,000 and 66,000, 2BR is at AED 2,045,000 and 93,000, 3BR is at AED 3,161,000 and 155,000, and 4BR is at AED 5,711,000 and 303,000.

FloorsAverage SalesRental Price
1BRAED 1,272,000AED 66,000
2BRAED 2,045,000AED 93,000
3BRAED 3,161,000AED 155,000
4BRAED 5,711,000AED 303,000

For home buyers, Dubai Creek Harbour stands is the best destination in Dubai for property investment.

5. Al Furjan

Al Furjan

Al-Furjan is the best residential investment place in Dubai and is gaining popularity. The properties here have the potential to generate a high ROI, as they have all the key features of being the best place to invest in Dubai. It provides a perfect mix of leisure, commercial, and residential facilities. It is amid Sheikh Mohammed Bin Zayed Road and Sheikh Zayed Road, the major highways.

Downtown Dubai, Jumeirah Beach, and Dubai Marina are within reach.

Residents living around the Al Furjan area can have fun at Ibn Battuta Ibn Mall, which is famous for its bowling center, or watch movies at the Jebel Ali Recreational Club.

This area has nearly 24 retail outlets and over 10 restaurants in Al Furjan Pavilion, making it the best place to invest in Dubai.

The average sales and rental price of a studio in Al Furjan starts at AED 499,000 and 39,000, 1BR at AED 866,000 and 62,000, 2BR at AED 1,268,000 and 84,000, and 3BR at AED 1,902,000 and 142,000.

FloorsAverage SalesRental Price
StudioAED 499,000AED 39,000
1BRAED 866,000AED 62,000
2BRAED 1,268,000AED 84,000
3BRAED 1,902,000AED 142,000

The average sales price of 3BR to 6BR villas at Al Furjan ranges from AED 3,064,000 to 8,799,000, and the rental price ranges from AED 223,000 to 390,000.

Al-Furjan in Dubai remains one of the best places in Dubai for investment in real estate.

6. Dubai Silicon Oasis

Dubai Silicon Oasis

Dubai Silicon Oasis is one of the best places to live and invest in Dubai. This innovative technological location is an investment haven for real estate investors and companies.

Like other communities in Dubai, Dubai Silicon Oasis has an ample mix of world-class residential and commercial properties, creating opportunities for investors to invest in Dubai.

This booming tech community is investor-beneficial as it attracts no corporate or income tax, has low customs duty, and encourages 100% foreign ownership.

The innovative-technology park, residential towers, and villa compounds are the three main areas here, and the popular locations are Cedre Villas, Binghatti Apartments, Silicon, and Arabian Gates.

Residents of Dubai Silicon Oasis have easy transport connectivity as the Redline Metro, the Centrepoint Metro Station, is just 14 minutes away. To hang out with family or friends, the places within a 25-minute drive are IMG Worlds of Adventure, Dragon Mart 2, Jumeirah Beach, and Dubai Outlet Mall. The Dubai International Airport and Burj Khalifa are within 25–30 minutes.

A 3BR villa’s average selling price starts at AED 3,822,000, 4BR at AED 3,964,000, and 5BR at AED 5,093,000, while the rental prices are AED 225,000, 242,000, and 273,000 respectively.

FloorsAverage Selling PriceRental Prices
3BRAED 3,822,000AED 225,000
4BRAED 3,964,000AED 242,000
5BRAED 5,093,000AED 273,000

The Dubai Silicon Oasis area is the best place to invest in Dubai for local and international companies.

7. Dubailand

Dubailand

The 3 million sq. ft. spread of Dubailand is a booming community and is listed as the best in Dubai for investment in real estate.

Launched in 2003, Dubailand has several residential communities, retail centers, tourist destinations like the Dubai Miracle Garden, Dubai Sports City, and other leisure destinations.

Residents in Dubailand can visit entertainment and leisure facilities, including Dubai Sports City, Dubai Autodrome, and Dubai Miracle Garden.

FloorsAverage SalesRental Price
StudioAED 455,000AED 29,000
1BRAED 597,000AED 41,000
2BRAED 990,000AED 54,000
3BRAED 1,654,000AED 105,000
4BRAED 5,114,000AED 205,000

Being the best place to invest in Dubai, Dubailand is listed as one of the top residential investment areas.

8. Dubai Marina

Dubai Marina

Known for its stunning waterfront views and vibrant lifestyle, Dubai Marina holds its position as the prime area to invest in Dubai. This area offers residential and commercial properties by reputed developers at a competitive price that suits every pocket. This aqua-themed area is the favorite destination in Dubai for investment in real estate.

Dubai Marina in Dubai has the best family-pro residential buildings and skyscrapers that upgrade living standards. Communities here represent cultural diversity and are peaceful, connecting landmarks within a fair range, like premier educational institutes, malls, public transport, and healthcare facilities.

Palm Jumeirah and Jumeirah Beach Residence are nearby, including business districts like Dubai Internet City and DIFC, which makes it the best area for property investment in Dubai.

FloorsAverage Selling PriceAverage Rental Price
studioAED 1,004,000AED 69,000
1BRAED 1,488,000AED 103,000
2BRAED 2,366,000AED 155,000
3BRAED 3,813,000AED 248,000
4BRAED 6,335,000AED 299,000

9. Business Bay

Business Bay

The canal-side and centrally located Business Bay is one of the prime real estate investment locations in Dubai and the most preferred location for investment in Dubai.

Business Bay has some great office spaces and luxurious residential complexes, providing an easy connection to major landmarks.

Housing and commercial construction have increased significantly in Business Bay, registering more property bookings, especially for off-plan projects.

This place is known for its remarkable executive infrastructure, like the Executive Towers, SLS Dubai Hotel & Residences, Bayz by the Danube, and Aykon City. Some top-class hotels, like the JW Marriott Marquis Hotel, Steigenberger Hotel, and Taj Dubai, are in Business Bay, making this area an elite hub for corporates.

FloorsAverage Property PricesRental Prices
StudioAED 996,000AED 69,000
1BRAED 1,55,9000AED 121,000
2BRAED 2,51,7000AED 143,000
3BRAED 4,014,000AED 206,000
4BRAED 12,042,000AED 321,000

Business Bay is the best corporate destination for property investment in Dubai.

10. Al Barsha

Al Barsha

Located south of Dubai, Al Barsha is a self-sustaining district with solid residential and commercial properties. Al Barsha is subdivided into 5 districts, each with excellent transport accessibility, healthcare units, well-designed residential apartments, and commercial set-ups. It is an ideal destination for property investment in Dubai for real estate investors looking for higher rental yields.

The property types in Al Barsha are mostly apartments and villas, but this area is popular for renting luxury villas, confirms the Bayut & Dubizzle H1 Rental Market Report for Dubai 2022.

Al Barsha has some very beautiful gardens, like Barsha Pond Park, Miracle Garden, and Butterfly Garden, that attract global tourists. The community enjoys visiting the Barsha South Mall and Mall of the Emirates, which are nearby and the best places for shopping.

Floors(Apratment)Average SalesRental Prices
StudioAED 653,000AED 45,000
1BRAED 976,000AED 63,000
2BRAED 1,459,000AED 84,000
3BRAED 5,000,000AED 131,000

The average sales price of villas for 3BR at AED 4,500,000, 4BR at AED 5,597,000, and 5BR at AED 5,000,000.

villasAverage Sales Price
3BRAED 4,500,000
4BRAED 5,597,000
5BRAED 5,000,000

In the coming years, Al Barsha is poised to gain more popularity and will be the best place to invest in Dubai.

Conclusion

Dubai has proven its mettle in the global real estate investment arena by having top-notch, premier locations for property investment. There are several ongoing off-plan residential projects across the city, engaging the best construction expertise and equipment with world-class interiors to meet the exact needs of the investors in Dubai. For offshore property buyers, investing in Dubai will always remain a top priority and the most preferred location.

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