5 Best Areas To Invest In Dubai Properties 2022
The Dubai real estate market is now flourishing, thanks to an inflow of international investors picking up the city's best homes. Dubai is an attraction for property investors because to government led programmers such as the golden visa changes, as well as robust capital growth, high rental returns, and rapid development. This demand was more clearly reflected in H1 2022 statistics, which showed 43.2k transactions worth AED 115 billion, representing a year on year increase of over 60% in volume and 87.8% in value, setting a new record for transactions in the emirate. With such figures, anyone would best areas to invest. Want to take advantage of the city's thriving Real Estate market, so keep reading to find out the 5 best areas to invest in Dubai ready sale apartments.
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1. Dubai Marina
Settled right among JLT and JBR, Dubai Marina is one of the most famous, deeply grounded networks for Dubai speculation properties and has stayed a firm #1 among financial backers and homebuyers in the extravagance section. Home to north of 200 blended utilize private pinnacles, manors, and condos that comprise the city's notorious horizon, Dubai Marina is known for its amazing waterfront sees, grand promenades, and network to business centers.
This sought after region is likewise overflowing with eating, recreation, and retail spots, and inhabitants can appreciate vicinity to significant vacation destinations, including the close by Stroll at JBR, Bluewater's Island, and the Dubai Harbor, so it's no big surprise many individuals wind up settling here. It's additionally one of the most mind blowing regions to put resources into premium transient rentals, or occasion homes, as travelers will generally incline toward such well known, yet advantageous, regions.
In general, interest for Dubai Marina properties was apparent in H1 2022 (Source: Reidin), and retail spots, and occupants can see the value in area to critical getaway destinations, including the nearby Walk around JBR, Bluewater's Island, and the Dubai Harbor, so it's no huge astonishment numerous people end up settling here. It's furthermore one of the most awesome districts to place assets into premium transient rentals, or event homes, as explorers will by and large lean toward such notable, yet profitable, locales.
Dubai Marina has always been a very profitable area to invest in.
2.Jumeirah Lake Towers (JLT)
Built around four artificial lakes, Jumeirah Lakes Towers is a densely populated business hub located in the heart of Dubai, just behind Dubai Marina. The mixed use community consists of residential and commercial towers that cater to all budgets and real estate needs.
With its close proximity to Dubai Marina, Downtown Dubai and other major business hubs, JLT has benefited from an influx of buyers looking for mid range properties, resulting in an occupancy rate of 85.7% (Source: Reidin). Given that JLT has similar amenities to its neighbor, Dubai Marina, it has become a popular area for affordable investment properties in Dubai. Not to mention, JLT is a well connected development, located between two metro stations, JLT and Damac Properties
JLT is known to appeal to all, with 600 retail outlets, over 300 restaurants and cafes, 5 hotels, babysitting facilities, outdoor activities, educational institutions and much more. The area is gaining increasing interest from investors and is in a position that generates the highest annual returns out of all areas of Dubai for smart investors. With an annual Smart Crowd yield of 8.55%, compared to the market average of 6.2%, JLT is a sure place to get a good deal.
Jumeirah Lake Towers is the area with the highest return for investment in Dubai on our platform.
3. Jumeirah Village Circle (JVC)
Located in the heart of 'New Dubai', another area known for its affordable prices is Jumeirah Village Circle. Jumeirah Village Circle is a mixed use development featuring a wide range of state of the art apartments, villas and townhouses interconnected with green parks, modern amenities and canals. It is in high demand due to its prime location and profitability, as it offers some of the best real estate investments in the UAE.
According to market data for the first half of 2022, JVC continues to be the most attractive option for those looking for affordable apartments, as evidenced by its occupancy rate of 84.9% (Source: Reidin). Moreover, there is an expected 19.8% increase in the supply of housing units by 2023, which attracts more ex immigrants and, in turn, investors. Over the past year, the region has seen significant growth in its market, historically delivering one of the best annual returns on the platform for investors, averaging 7.18% versus the market average of 5.8%.
All in all, JVC is perfect for people seeking high quality yet affordable apartments in a family friendly urban community with a hassle free commute to nearby commercial hubs, like the Mall of the Emirates and Dubai Marina. With that in mind, the average price per square foot (PSF) and rental yields are expected to further rise in the future.
JVC is a top JVC is a top contender for affordable apartments in Dubai.
4. Downtown Dubai
The most famous area in the United Arab Emirates, Downtown Dubai continues to be a buyer's favourite, as it is one of the most visited tourist destinations in the world. Known for the luxurious high rise buildings and upscale community that surrounds the Burj Khalifa, The Dubai Fountain and The Dubai Mall, Downtown is a strong performer in both move in and share readiness.
Needless to say, Downtown is the best area for short term rental in Dubai where tourists can experience Dubai and its world famous attractions in their prime. With more high net worth individuals (HNWIs) and international executives looking to settle Downtown, demand will continue to outpace supply, and studios, with limited supply, will be priced at a premium in the near future.
Now, due to its proximity to some of the world's most famous landmarks, downtown is naturally a pricier area, especially around Sheikh Mohammed bin Rashid Boulevard and the Armani Hotel. However, with city center property prices rising by almost 15% in the last year, the increase in demand makes it a great area to invest in Dubai.
Plus, if you can snag a property with tower views, you'll be making promising returns on platforms like Airbnb. Annual returns for SmartCrowd Real Estate in Downtown Dubai generated a return of 6.52% for our investors, compared to the market average of 5.2%.
Downtown apartments, especially with Burj views, are a profitable investment.
5. Business Bay
Adjoining Downtown Dubai with a prominent canal side location, Business Bay is another attractive option for real estate investments in Dubai, as it was the best performing in the first half of 2022, and the most traded area so far this year (source: Reidin). The modern, mixed use community is known to have a well developed infrastructure and great transportation network, and plays a pivotal role in making the UAE a major business destination, just like New York City is to Manhattan.
Being one of the fastest growing areas in Dubai, the demand for its properties is rising accordingly, which is why new supply will enter the market. Offering high end amenities and a fast paced premium lifestyle in a central location, Business Bay has also become a sought after short term rental destination
Due to the limited offer of Downtown Dubai, investors are flocking to neighboring areas with available and upcoming offerings, including Business Bay. Good property types to consider for investment in Business Bay are studios and 1 bedrooms, as the supply coming in is limited but the demand for them is high regardless. Property prices are also lower compared to Downtown Dubai, but with potential rental returns of 6 7% for Smart Crowd investors, it is definitely an area under your radar
Business Bay emerged as the most transacted area in H1 2022
Is It Time To Invest In Dubai?
As we recently finished a record breaking first half of the year, things definitely look promising for the Dubai real estate market. With increased foreign demand driving up real estate prices and new initiatives heating up the sector, almost anyone would be keen to invest in Dubai!
So, have you invested in properties located in any of the above mentioned areas before? If not, don't worry, we've got your back! Simply download our app and check out the latest live properties on our platform. We are currently listing properties located in the following areas: Downtown, JVC, and JLT, and given that these are all located in popular areas, Smart Crowd uses a real estate crowdfunding model to allow you to invest in as many prime properties as you want.
This is an excellent opportunity to invest in investment properties in Dubai, and you can even invest in all of these areas with less than 500 dirhams to diversify your portfolio with a mixture of luxury and affordable rentals, and get the best of both, or both, in the world! As always, it is important to keep abreast of market trends and do your research beforehand to see which areas meet your real estate investment needs.
Disclaimer: This blog is for educational purposes only and should not be considered as financial advice. We always suggest doing thorough research, conducting due diligence, and consulting with financial advisors to evaluate any real estate property against your financial goals.
