NEIGHBORHOODS WITH A HIGH RETURN ON INVESTMENT IN DUBAI
Dubai is fast becoming an international tourism and trading center. Because of this and the fact that it is ranked quite high on the list of safest cities in the world, it is very popular with real estate investors. The average return on investment (ROI) on property in Dubai is in the high range of 5% and 8.4%, but certain areas in this cosmopolitan city have been consistently offering even higher returns to investors.
The Dubai real estate market is presently in a robust shape, and there’s been a measureable uptick in real estate market activity in 2022 after a couple of tough years. With a noticeable buzz surrounding the Dubai real estate market yet again and favorable taxation policies, many investors have but one question on top of their mind: “Which are the most lucrative areas in Dubai to invest in?”
With Dubai offering investors many options, and new locations popping up at regular intervals, identifying the best locations for investing in property can be a tad challenging. However, don’t worry because we have got you covered. In this article, we will introduce three of the most lucrative locations for real estate investing in Dubai.
JUMEIRAH VILLAGE CIRCLE (JVC)
Jumeirah Village Circle — commonly called JVC and situated alongside Al Khail Road — is an affordable, family-friendly, residential area in Dubai. It offers its residents a peaceful community while still being very close to some of the most popular hotspots in the city. JVC has more than 2,000 residential units, which include apartments, townhouses, and villas, as well as commercial buildings.
Since its inception in 2005, JVC has emerged as one of the top areas for real estate investment in Dubai. Here are some of the main reasons to invest in this area.
Thanks to its unique architecture and abundant facilities, JVC is a great community to live for families. The area boasts of no fewer than 33 landscape marks and several recreational centers, play-areas, fitness centers, cycling tracks, and playing fields. On top of all this, JVC is close to several medical clinics, schools and kindergartens.
JVC’s location is another reason for its huge popularity. Residents can quickly access it from various parts of the city via different roads, and some of the major destinations, such as Dubai airports, Business Bay, Palm Jumeirah, and Dubai Marina, are just a short drive away.
Top-class Shopping Destinations
With over 200 retail shops, supermarkets and 2 department stores, the Circle Mall is a one-stop shopping destination for the residents of JVC. It also features an awesome food court and a multi-screen cinema.
Downtown Dubai largely offers innovatively designed and spacious apartments to real estate buyers. Three main reasons why you can expect a handsome ROI from this region are as follows:
It’s a cultural hotspot
Besides the world-famous Burj Khalifa, Dubai Mall and Dubai Opera, Downtown Dubai has a very vibrant nightlife and is peppered with many awesome dining venues, bars, and nightclubs.
It’s close proximity to Jumeirah Beach
Another reason for Downtown Dubai’s immense popularity is its close proximity to Jumeirah Beach.
Many great schools and hospitals are located within or nearby
The Downtown area is very close to several good schools and nurseries, as well as two of the top hospitals in Dubai, Mediclinic Parkview Hospital and Emirates Hospital.
MOHAMMAD BIN RASHID CITY (MBR CITY)
Mohammad Bin Rashid City, commonly referred as MBR City, is a great place to invest in properties for several reasons. These include:
MBR City is connected to the entire Dubai through roads, which is a huge convenience for residents. Moreover, MBR is situated quite close to Downtown Dubai making it the perfect choice for those who work in the central district.
Shopping and Entertainment
The Meydan One Mall is perhaps the most anticipated shopping mall in the UAE right now. Home to Dubai’s largest indoor ski slope and more than 600 retail shops, including a hypermarket and 2 major department stores, it is a one-stop shopping destination scheduled to open towards the end of 2022. Since it is located within MBR City, residents will enjoy quick access to one of the most thrilling shopping destinations in Dubai.
With unique residential properties and world-class shopping and entertainment options, MBR City is often touted as a city within a city. Given its immense popularity, as an investor you are likely to generate a handsome return on your investment.