Dubai – The City of Real Estate Opportunities.
Dubai – The City of Real Estate Opportunities.
Dubai is a fantastic city for real estate investment opportunities. But which is the best area to invest in Dubai? Especially if you are a first time investor in Dubai, you need to have expert guidance on Dubai’s real estate market and emerging trends before stepping in.
Certain areas will attract high R.O.I (Return on Investment) while some others will not. An A.B.R (Accredited Buyers Representative) could help you with the whole buying process.
Return On Investment = (Gain from Investment – Cost of Investment) / Cost of Investment
What makes Dubai “The city of real estate opportunities“?
Dubai’s real estate market has been an attractive destination for investors for a number of years. In the first quarter of 2017, the prices of residential properties have picked up by close to 0.9%. Here are few points why investors prefer to invest in Dubai Real Estate.
High Return on Investment
The biggest advantage of investing in Dubai’s real estate is the high R.O.I. The average R.O.I in Dubai’s 7% and can go up to 9% in some cases as well. The area which you select to invest is really important to get the best R.O.I. Dubai’s real estate market is maturing as the city’s population is increasing each year. Calculate the benefit of purchasing a property in Dubai .
No annual property taxes on residential property in Dubai
Your investments in Dubai’s real estate are tax free compared to other countries. Purchasing a residential property will not include taxes. The investor will not be obliged to pay additional taxes in the future.
Advanced and well planned transportation system
Dubai is a well-planned city. Dubai is always advancing on its transportation infrastructure. The well planned roads and other transportation offer high mobility throughout the city. This makes Dubai the heaven of tourists. The coming Hyperloop network between Dubai and Abu Dhabi will be the world’s first operational Hyperloop system. The Hyperloop will provide transportation from Dubai to Abu Dhabi in 12 minutes. It’s estimated that approximately 4,000 vehicles commute daily from Abu Dhabi to Dubai.
Dubai’s tourism industry shows a steady growth
Tourism, trading and real estate are the key spices of Dubai’s economy. The lower crime rate and entertainment infrastructure are boosting the Dubai’s tourism. Dubai offers unique experience to tourist with luxurious hotels, clean beaches and hospitality.
The most popular areas to invest in Dubai:
Dubai Marina is an artificial canal city in Persian Gulf shore line. The high-end community has always been a dream investment locality for many. And the fact that it is one of the best waterfront properties in the world further adds to its allure. Dubai Marina offers all sorts of entertainment and pleasure factors.
An area which holds the renowned landmarks including Burj Khalifa, Dubai Mall, The Address hotel and Dubai Fountain. The locality is the center of activities in the emirate, properties with exclusive views of the Burj Khalifa and the dancing fountains remain forever attractive to buyers.
Jumeirah Lakes Towers
The Jumeirah Lakes towers, an amazing development in Dubai. The towers in JLT are organized in to 26 clusters; each cluster has its own parking structure and a waterfront. The locality offers quality investment opportunities at affordable prices, thus providing a feasible investment zone for mid to high category investors.
Dubai Silicon Oasis
The Dubai silicon oasis is fully owned by the government of Dubai (Dubai Silicon Oasis Authority) and is a Free trade zone. The authority provides an ample infrastructure to cater high tech industries in the free trade zone including advanced telecommunication, 8 power stations, fiber optic network and 3 tier data center with 120 high capacity racks.
Jumeirah Village Circle
Jumeirah Village Circle (JVC) is a freehold with a mix of established and under construction projects. Their competitive prices have made it a popular choice among the investors. The JVC is organized into six districts. It’s a neighborhood that’s set to become one of the strategic areas during the Expo 2020.
Featuring a total of 2,700 spacious villas and townhouses, JVC will soon become home to The Circle Mall, as well as sports fields, schools and mosques. And commuting is not a problem, with JVC being a short drive from areas including Emirates Hills, the Greens and JLT, for example.
Dubai Sports City
With its convenient location, and close proximity to the Dubai Cricket Stadium, Dubai Studio City, and The Els Club Golf Course, Dubai Sports City is already seeing rental yields of up to 8%. Located along Sheikh Mohammed bin Zayed Road, this 50 million sq. ft. green community features a number of low- and mid-rise apartment buildings, as well as villas, and has already attracted a myriad of shopping and F&B options, as well as schools and clinics. There are also plans for a mall and cinema complex. Prices are a mix with options suitable for individuals from the majority of income levels.