People of all cultures co-exist harmoniously in Dubai and work together to elevate their lifestyle and by extension the city together. Dubai is considered to be one of the safest cities to live in. Its real estate market is exponentially growing ever since 2018 attracting more and more foreign investors every year. Builders offer a varied portfolio of real estate which aims to enhance your quality of life as well as offer you a high ROI from anywhere between 5 to 8.4%. Certain areas in this cosmopolitan city have been consistently offering even higher returns to investors.
The favorable taxation policies of Dubai and its very accessible and resourceful geographical location attract local and foreign investors alike. A flourishing economy and high standard of living make living in Dubai highly coveted. However, with myriad options offered by builders and new locations cropping up at regular intervals, the question that plagues most investors' minds is ‘What would be the most lucrative area to invest in the real estate of Dubai?’.
After careful data analysis, we have identified 3 key neighbourhoods that would step up your standard of living and at the same time offer you great ROI on your property.
JUMEIRAH VILLAGE CIRCLE (JVC) is situated alongside Al Khail Road - one of the arterial roads of the city. This road connects almost any area of Dubai to another within a few minutes. Major destinations, such as airports, Business Bay, Palm Jumeirah and Dubai Marina are just a short drive away. This residential area has emerged as one of the leading areas to invest in if you are looking for an affordable and family-friendly neighbourhood to live in. Since its inception in 2005, it has grown to over 2000 residential units, including apartment buildings, townhouses and villas all with abundant facilities. Interspersed within, you will also find commercial establishments forming a well-balanced mix. JVC has been planned in a manner whereby you never have to go very far for anything. Educational facilities, medical centres and sports and fitness centres are all within a radius of a few minutes. It is also very close to some of the most popular hotspots in the city. Dedicated cycling tracks meander around the area making the morning routines very enjoyable. You will find everything under the sun at the various shopping outlets and supermarkets. The Circle Mall is a one-stop shopping destination for the residents of JVC with an awesome food court and a multi-screen cinema.
DOWNTOWN DUBAI is the centre of Dubai and is home to many landmarks and world-famous attractions such as Burj Khalifa, Dubai Fountain, Dubai Opera and the Dubai mall. The area is a hub of cultural activities and hot spots, peppered with awesome dining venues. It also offers buyers large and innovatively designed residential communities with facilities to match. Each community is within walking distance to great schools and hospitals. The two top hospitals in Dubai, Mediclinic Parkview Hospital and Emirates Hospital are located here. Top hotels of Dubai such as Armani Dubai and Vida Downtown are also located here. Strategically located along Sheikh Zayed Road, E11, Al Wasl and Business Bay, it is a bustling neighbourhood. Another reason that you can expect a handsome ROI from this region is due to its proximity to Jumeirah Beach.
MOHAMMAD BIN RASHID CITY (MBR CITY) is a great place to invest in properties for its appreciation potential. MBR is a city within a city, very centrally located amidst Sheikh Mohammed Bin Zayed Road (E311), Sheikh Zayed Road (E11) and Al Khail Road (E44). Hence any location is easily accessible making travel a cinch. MBR is situated quite close to Downtown Dubai making it the perfect choice for those who work in the central district. MBR City creates a community with a bustling environment in an ultra-modern setting offering stylish and contemporary listings from apartment complexes to stand-alone villas and even mansions. Alongside residential properties, MBR City also houses the Meydan One mall, Dubai’s largest indoor ski slope and more than 600 retail shops.