At a time when the world economy is going through a tough period, real estate investors are looking at the Dubai property market and looking for the best communities to buy in Dubai.
Although many investment options demonstrate that they are not strong enough to withstand market fluctuations, for many, Real Estate Companies in Dubai proves to be a viable investment choice. Meanwhile the property market in Dubai is beaming with many famous cities, both inexpensive and luxurious.
Based on many dimensions, we have analyzed each of these communities. They include the quality of the neighborhood, world-class facilities and excellent links to the rest of Dubai.
Palm Jumeirah, a favourite among investors, is one of the most reliable locations in Dubai for real estate investors. It is a fascinating array of villas, apartments, and townhouses of luxury.
Palm Jumeirah is an exclusive island; it is built in the form of a palm by Nakheel Properties. By two bridges from King Salman Bin Abdul-Aziz Al Saud Route, the island is linked to the mainland. Linked to Dubai Marina, Dubai Internet City Metro Station is the nearest metro station. The community is well-connected to the rest of the city by its proximity to Sheikh Zayed Road.
In Palm Jumeirah, the most high-end luxury apartments will cost about AED35m. Meanwhile, affordable options, which could cost about AED580, 000, are also available. Affordable villas could cost as little as AED3.9 m; they could cost about AED95 m for the most high-end ones.
One of the most popular areas for the highest rental returns in Dubai is this country-themed master community by Nakheel Properties. It is a set of apartments and villas which are affordable.
Al Awir Road is to the north of the International Area, and Sheikh Mohammed Bin Zayed Road is to the west. An acceptable option for the working class is the regular bus service from International City to Rashidiya Metro Station.
High-end luxury apartments here will cost about AED900, 000 and a range of AED200, 000 to AED220, 000 is the most affordable. The most accessible ones are around AED1.3m when it comes to villas and the most expensive could go up to AED1.6m.
For those looking for returns in the luxury and high-end property market in Dubai, Dubai Marina is the most sought-after investment option. A mix of homes, luxury villas, as well as commercial buildings is this waterfront community in Dubai.
Dubai Marina is situated right in the centre of Dubai along Sheikh Zayed Lane. There are primarily two metro stations: Metro Station DMCC and Metro Station Damac Estate. With a tram service, the area is also well-connected.
Luxury villas can cost as much as AED17m in the high-end waterfront community of Dubai Marina. More accessible options are also available, however even for as little as AED2m. Apartments will cost at least around AED400, 000. Apartments of luxury could go up to AED20m.
Host to Burj Khalifa, the world's tallest building, Downtown Dubai is the heart of the Emirates. It is here where luxury homes and high-end corporate houses come together to establish Dubai's most popular destination. Most of the properties here are high-end apartments, but a number of luxury villas and townhouses are also available.
Next to Sheikh Zayed Road is Downtown Dubai. It is the most interconnected position in all of Dubai's emirates. It has two metro stations, Metro Station Burj Khalifa/Dubai Mall and Metro Station Business Bay, and has regular bus services to the rest of the area.
High-end apartments could cost as much as AED45m in Downtown Dubai, the heart of the Emirate. Between AED470, 000 and AED500, 000 affordable options are also available. The most expensive could rise to AED10m for villas, while the lowest could range from AED3.5m to AED4m.
Thanks to its proximity to the Dubai Expo 2020 venue, Jumeirah Village Circle is one of the fastest-growing communities in Dubai. In JVC, there are a variety of homes, townhouses, and villas to choose from.
Jumeirah Village Circle is surrounded by some of Dubai's major road networks and offers good connections to the rest of Dubai. It is an ideal location for the working class, with frequent bus services from JVC to the nearest metro station, Dubai Internet City Metro Station.
Apartments in Jumeirah Village Circle, popular for its affordable housing options, could be as low as AED270, 000. You'd have to pay around AED5m if you're looking for a luxurious one. Meanwhile, it could cost around AED3.7m for luxurious villas; cheaper villas could be around AED1m.
For any form of property investor, the Dubai Investment Real Estate has a multitude of options. Although among real estate investors, the above-mentioned communities are the most in demand, there are many other prominent communities in Dubai to which investors flock. The Dubai Hills Land, Emirates Hills, and Arabian Ranches are some of them.