Dubai's real estate has witnessed massive growth as investors today experience ease of doing business in the UAE like never before. The country's decision to facilitate 100% business ownership to ex-pats in addition to capital appreciation in a tax-free environment has been a trigger for numerous local and international investors looking to set up their businesses or get into the rental market.
The rental market has rapidly recovered after the pandemic to attract investors from all parts of the globe. Palladium Group estimates that 2022 will have a historic level of growth, especially if the market keeps growing at the current rate. So, which areas should you invest in to benefit from Dubai’s promising returns?
Dubai Marina
Dubai Marina is the city’s most coveted district and home to multiple residential towers, townhouses, and villas with stunning waterfront views, business hubs, and transport links with easy access to the metro and tram stations making it the best-connected development in Dubai.
The area generates and will continue to generate some of the best-annualized returns averaging 8%*.
*The ROI is Subject to Change as Per Market Fluctuations.
Jumeirah Lake Towers (JLT)
Situated right behind the Dubai Marina, JLT is a perfect blend of business and leisure, residential and commercial towers for long-term to short-term rentals.
With the proximity to Dubai Marina, JLT has similar amenities helping it to benefit from an influx of investors in demand for mid-range properties. The average annualized return is 7%*.
*The ROI is Subject to Change as Per Market Fluctuations
Downtown Dubai
Downtown Dubai is one of the most famous serving tourist destinations with its glitzy landmarks and business hubs. Known for its luxury high-rise towers and upscale community, it’s performing solidly in both the ready and secondary market.
More high-net-worth individuals are looking to settle in Downtown, making a demand outstrip supply. Downtown Dubai properties deliver high rental yields starting at 6% on average*.
*The ROI is Subject to Change as Per Market Fluctuations.
Jumeirah Village Circle (JVC)
JVC, located in the heart of ‘New Dubai,’ is an attractive destination for many ex-pats due to an abundance of state-of-the-art apartments, schools, parks, and modern amenities, where rental yields are expected to further rise in the future.
Over the past year, the area has witnessed significant growth in its market, currently delivering rental yields starting at 6% on average*.
*The ROI is Subject to Change as Per Market Fluctuations.
As you can see, there are several top areas for property investment in Dubai. However, the best investment choice ultimately depends on the type of properties you’re looking at, whether it comes to short-term or long-term rentals. Before making any real estate investments, you must conduct research and determine your return on investment for each property based on a variety of factors, including maintenance costs, property condition, and pricing.
Palladium Group can assist you in locating the best real estate investment while saving you money, effort, and time. Call/WhatsApp us on +971 50 908 1938 or email us on support@palladiumgroup.ae