Real estate investors are eyeing the Dubai property market and looking for the best communities to buy in Dubai at a time when the world economy is going through a tough phase.
While many investment options are demonstrating that they are not strong enough to withstand market volatility, the real estate industry in Dubai is proving to be a viable investment option for many. Meanwhile, Dubai’s property market is beaming with several popular communities – both affordable and luxury.
To help you decide on the best community in Dubai to make your property investment, we at D&B Properties have curated the five best locations in Dubai. We have assessed each of these communities based on several aspects. They include neighbourhood quality, world-class amenities, and excellent connectivity to the rest of Dubai.
A favourite amongst investors, Palm Jumeirah is one of the most reliable places to invest in Dubai real estate. It is a mesmerising collection of luxury villas, apartments, and townhouses.
Palm Jumeirah is an exclusive island; it is constructed by Nakheel Properties in the shape of a palm. The island is connected to the mainland by two bridges from King Salman Bin Abdulaziz Al Saud Street. Connected to Dubai Marina, the closest metro station is Dubai Internet City Metro Station. Its proximity to Sheikh Zayed Road makes the community well-connected to the rest of the city.
The most high-end luxury apartments in Palm Jumeirah could cost around AED35m. Meanwhile, affordable options are also available, which could cost around AED580,000. Affordable villas could cost as low as AED3.9m; the most high-end ones could cost around AED95m.
This country-themed master community by Nakheel Properties is one of the most popular areas for the highest rental returns in Dubai. It is a collection of affordable apartments and villas.
To the north of International City is Al Awir Raod and to the west is Sheikh Mohammed Bin Zayed Road. Regular bus service from International City to Rashidiya Metro Station makes is an apt choice for the working class.
High-end luxury apartments here can cost around AED900,000 and the most affordable ones come within a range of AED200,000 to AED220,000. When it comes to villas, the most affordable ones are around AED1.3m and the costliest could go up to AED1.6m.
Dubai Marina is the most sought-after investment option for those looking for returns in the luxury and high-end property market in Dubai. This waterfront community in Dubai is a blend of apartments, luxury villas, as well as commercial buildings.
Dubai Marina is located along Sheikh Zayed Road, right in the centre of Dubai. There are mainly two metro stations – DMCC Metro Station and Damac Properties Metro Stational. The area is well-connected with a tram service as well.
Luxury villas in the high-end waterfront community Dubai Marina could cost as much as AED17m. However, more affordable options are also available – even for as low as AED2m. Apartments could cost around AED400,000 at the least. Luxury apartments could go up to AED20m.
Home to the world’s tallest building, Burj Khalifa, Downtown Dubai is the heart of the emirates. It is here where luxury residences and high-end corporate houses come together to build the most happening destination in Dubai. Most of the properties here are high-end apartments; however, there are a handful of luxury villas and townhouses as well.
Downtown Dubai is located next to Sheikh Zayed Road. It is the most interconnected location in the entire emirates of Dubai. It has two metro stations – Burj Khalifa/Dubai Mall Metro Station and Business Bay Metro Station, and has frequent bus services to the rest of the city.
High-end apartments in Downtown Dubai, the heart of the emirates, could cost as much as AED45m. Affordable options are also available between AED470,000 and AED500,000. For villas, the costliest could go up to AED10m; whereas the lowest could be between AED3.5m and AED4m.
Jumeirah Village Circle
Jumeirah Village Circle is one of the fastest-growing communities in Dubai because of its proximity to the Dubai Expo 2020 site. There are several apartments, townhouses, and villas to choose from to buy in JVC.
Surrounded by some of the main road networks in Dubai, Jumeirah Village Circle enjoys well connectivity to the rest of Dubai. With regular bus services from JVC to the nearest metro station, Dubai Internet City Metro Station, it is an ideal location for the working class.
Popular for its affordable housing options, apartments in Jumeirah Village Circle could be as low as AED270,000. If you are looking for a luxury one, you would have to pay around AED5m. Meanwhile, luxury villas could cost around AED3.7m; affordable villas could be around AED1m.
The Dubai real estate market has a plethora of options fit for every type of property investor. Although the above-mentioned communities are the most in demand for real estate investment, there are many other popular communities in Dubai that investors flock to. Some of them are Dubai Hills Estate, Emirates Hills, and Arabian Ranches.
For expert advice on property investment in Dubai, please contact us.