Picking a good neighbourhood to invest in may seem like a difficult decision to make. But there is one key that will help you pick one neighbourhood over another.
If you like the neighbourhood and can see yourself living in the home, chances are most renters will as well. Using yourself as a guide also helps you pick a top neighbourhood to live in.
With Dubai’s broad real estate market, you will find that perfect neighbourhood for you and your family or your investment goals. The following selections are just a portion of the great neighbourhoods Dubai offers for the homeowner or investor.
To help guide your search to the prime neighbourhoods to purchase real estate in this city, you need a few factors to filter out locations. Here are a few of those factors:
1. Price- Not all Dubai homes or apartments are priced equally. Set your budget and stay within it as hidden costs can bust your budget if you are not careful.
2. Amenities- Make a list of amenities you would like to see in your prime neighbourhood. Just be flexible in case a neighbourhood you like does not have all the amenities you want.
3. Transportation- If you do not feel like driving every day then access to public transportation is important. Look for neighbourhoods that have convenient access to public transportation.
4. Schools, etc.- While you may not have children, some of your tenants may. Check out the schools, the hospitals, and other essential services before you buy. The top facilities attract the best potential tenants.
5. Variety Of Properties- Not every neighbourhood has a rich and diverse property use plan. You may want to focus on apartment or villa-poor neighbourhoods to protect your investment value.
Dubai offers investors and homeowners with a wide range of neighbourhoods that meet all budgets. Not every prime neighbourhood is listed below so check with your estate agent to see a full list of top Dubai neighbourhoods to invest in.
1. Palm Jumeirah - One of the more famous neighbourhoods in Dubai. It is well known for its luxury and variety of homes and fine dining, among other amenities.
It is filled with larger villas which may not be everyone’s cup of tea. Also, access to public transportation may not be as convenient as in other neighbourhoods.
2. Dubai Marina - Its location makes it the perfect choice for those who like to explore Dubai and see all its landmarks, shopping malls, and more. Plus, it is conveniently located close to public transportation as well as the main Dubai roads.
This is a prime area for those who like the opulent lifestyle.
3. Downtown Dubai- While conveniently located close to Dubai's main roads, this neighbourhood is pedestrian and environmentally friendly. The architecture in this prime area overshadows the architecture of its competitors.
If you purchase here, you are in the heart of Dubai.
4. Arabian Ranches- The elegant landscaping complements the modern designed buildings that populate this prime neighbourhood. With easy access to schools, families with children can enjoy a luxurious life without worry.
The professional security service means your family is safe during your time living in this neighbourhood.
5. Business Bay- Located in the heart of Dubai, this prime area is a popular spot for investors. It has become the economic and business hub of the city providing luxury and convenience for those who want to live near their employment offices.
Its popularity keeps rental fees higher than in other neighbourhoods.
6. Jumeirah Village Circle- This is a prime investment or living area for those people who like a calm neighbourhood to live in. Plus, it provides a variety of housing options so you can pick and choose the type of investment you are most comfortable with owning.
It is located next to the Dubai Sporting Club and the Dubai Autodrome for those who like sporting events.
7. The International City- Even budget-minded investors or owners can find a great home to buy in this neighbourhood. Its lower prices make it very attractive for investment options.
Affordable prices are not its only claim to fame as smaller clusters within this prime area are named after many countries. It is a unique place to live and it is also a freehold neighborhood.
Yes, this city is a very good real estate investment area as its real estate market is currently hot and predictions say this situation will continue for a few more years. Plus, it is a very profitable city to invest in.
Right now, the ROI rates fluctuate and each neighborhood has its own ROI table. In general, you can expect an ROI range between 5 and 8%
Besides your own financial goals and personal plans, these are the factors you should consider before buying- location, property type, rental yields, capital appreciation potential, and the developer’s reputation. One more important factor will be the prices of the homes.
Home purchases can take between 30 and 60 days to close while leases can take up to 3 months to complete. There are exceptions though.
Finding the right home ownership or investment in Dubai takes top-quality guidance. When you are ready to dive into the Dubai real estate market, call our estate office today.
Not only are we the best estate agency but we also have RERA-approved estate agents and over 10 years of Dubai real estate experience. Not only do our agents know the best prime areas to make an investment, but they can also help guide you through the technical details of buying a home in this city.
For Sale
Neighbourhoods
Company
Sign up to our newsletter to get the latest real estate news and to stay up to date with TRPE.
TRPE Real Estate is a company registered in Dubai, United Arab Emirates (License No. 999314) located at Office No 1001, Ascott Park Place, Sheikh Zayed Road, Dubai. We are regulated by the Real Estate Regulatory Agency (RERA) under office number 28357.
