Register your interest Enquire Call us CALL Chat with us CHAT WhatsApp

NEIGHBORHOODS WITH A HIGH RETURN ON INVESTMENT IN DUBAI

Dubai is fast becoming an international tourism and trading center. Because of this and the fact that it is ranked quite high on the list of safest cities in the world, it is very popular with real estate investors. The average return on investment (ROI) on property in Dubai is in the high range of 5% and 8.4%, but certain areas in this cosmopolitan city have been consistently offering even higher returns to investors. The Dubai real estate market is presently in a robust shape, and there’s been a measureable uptick in real estate market activity in 2022 after a couple of tough years. With a noticeable buzz surrounding the Dubai real estate market yet again and favorable taxation policies, many investors have but one question on top of their mind: “Which are the most lucrative areas in Dubai to invest in?” With Dubai offering investors many options, and new locations popping up at regular intervals, identifying the best locations for investing in property can be a tad challenging. However, don’t worry because we have got you covered. In this article, we will introduce three of the most lucrative locations for real estate investing in Dubai. JUMEIRAH VILLAGE CIRCLE (JVC) Jumeirah Village Circle — commonly called JVC and situated alongside Al Khail Road — is an affordable, family-friendly, residential area in Dubai. It offers its residents a peaceful community while still being very close to some of the most popular hotspots in the city. JVC has more than 2,000 residential units, which include apartments, townhouses, and villas, as well as commercial buildings. Since its inception in 2005, JVC has emerged as one of the top areas for real estate investment in Dubai. Here are some of the main reasons to invest in this area. Family-friendly Community Thanks to its unique architecture and abundant facilities, JVC is a great community to live for families.  The area boasts of no fewer than 33 landscape marks and several recreational centers, play-areas, fitness centers, cycling tracks, and playing fields. On top of all this, JVC is close to several medical clinics, schools and kindergartens. Accessible Location JVC’s location is another reason for its huge popularity. Residents can quickly access it from various parts of the city via different roads, and some of the major destinations, such as Dubai airports, Business Bay, Palm Jumeirah, and Dubai Marina, are just a short drive away. Top-class Shopping Destinations With over 200 retail shops, supermarkets and 2 department stores, the Circle Mall is a one-stop shopping destination for the residents of JVC. It also features an awesome food court and a multi-screen cinema. DOWNTOWN DUBAI Downtown Dubai largely offers innovatively designed and spacious apartments to real estate buyers. Three main reasons why you can expect a handsome ROI from this region are as follows: It’s a cultural hotspot Besides the world-famous Burj Khalifa, Dubai Mall and Dubai Opera, Downtown Dubai has a very vibrant nightlife and is peppered with many awesome dining venues, bars, and nightclubs. It’s close proximity to Jumeirah Beach Another reason for Downtown Dubai’s immense popularity is its close proximity to Jumeirah Beach. Many great schools and hospitals are located within or nearby The Downtown area is very close to several good schools and nurseries, as well as two of the top hospitals in Dubai, Mediclinic Parkview Hospital and Emirates Hospital. MOHAMMAD BIN RASHID CITY (MBR CITY) Mohammad Bin Rashid City, commonly referred as MBR City, is a great place to invest in properties for several reasons. These include: Location MBR City is connected to the entire Dubai through roads, which is a huge convenience for residents. Moreover, MBR is situated quite close to Downtown Dubai making it the perfect choice for those who work in the central district. Shopping and Entertainment The Meydan One Mall is perhaps the most anticipated shopping mall in the UAE right now.  Home to Dubai’s largest indoor ski slope and more than 600 retail shops, including a hypermarket and 2 major department stores, it is a one-stop shopping destination scheduled to open towards the end of 2022. Since it is located within MBR City, residents will enjoy quick access to one of the most thrilling shopping destinations in Dubai. Appreciation Potential With unique residential properties and world-class shopping and entertainment options, MBR City is often touted as a city within a city. Given its immense popularity, as an investor you are likely to generate a handsome return on your investment. 

Share
Read More »

Dubai’s Best Area To Invest In Property

Dubai is a favorite destination among people looking to buy an investment property — and for good reasons. Its real estate market has been in robust shape over the years and estimates suggest that things will be even better in the coming years, especially with the pandemic phasing out. Real estate investors are spoilt for choice when it comes to picking a location, as Dubai boasts several hotspots. However, two areas particularly stand out. These are MBR City and Downtown Dubai. If you are looking to buy an investment property in Dubai, you may well want to start with either of these locations. Whether you are a beginner searching for your first investment or a real estate expert, both offer great returns in terms of lifestyle offerings, capital gains, and ROI. WHAT MAKES MBR CITY SPECIAL?Four reasons make MBR City a favorite among real estate investors. These are: LOCATIONMBR City is well-connected to the rest of Dubai, and the residents of this new master-community enjoy easy access to all important streets and highways. Plus, Dubai International Airport is just a 10-15 minutes drive away. As a result, it provides great connectivity to foreign travelers, visitors, and residents. PROPERTIESIn this new master-community, you will find a mix of residential communities and commercial establishments from many developers like Ellington Properties. In MBR City you will find a broad selection of luxurious villas and apartments, as well as mid-range apartments and townhouses within lush green, sustainable communities. LIFESTYLEThis part of the city is all set to become a popular destination among tourists and families with a range of services, amenities, and facilities catering to different cultural backgrounds. RETAIL AND SHOPPINGThe Meydan One Mall is home to Dubai’s biggest indoor ski slope and 620 retail shops, including a hypermarket and two major department stores. The residents of MBR City will enjoy easy access to one of the most exciting retail destinations in Dubai. LEISURE AND ENTERTAINMENTThere’s no shortage of entertainment options in MBR City. Among the most popular ones are Crystal Lagoons, the biggest man-made lagoon in the world, Meydan Golf Course, a 9-hole golf course spanning more than 7,000 yards of natural lakes and tee options, and Meydan Grandstand and Racecourse, one of the most popular race courses in Dubai. WHAT MAKES DOWNTOWN DUBAI SPECIAL?In Downtown Dubai, you will find thoughtfully designed spacious apartments. Some of the main reasons that make this part of the city popular among renters and buyers alike are as follows:   SOME OF DUBAI’S BEST SCHOOLS ARE IN DOWNTOWN DUBAIThere are several famous schools as well as nurseries in and around Downtown Dubai. These include Jumeirah International Nursery and Blossom Downtown Nursery. In addition to top schools and nurseries, the Downtown Dubai area is a few minutes drive from two of the best hospitals in Dubai, Emirates Hospital and Mediclinic Parkview Hospital. IT IS A CULTURAL AND NIGHTLIFE HOTSPOT IN DUBAINot only Downtown Dubai is home to the famous Dubai Mall, Dubai Opera and Burj Khalifa, but it also boasts some of the very best nightlife and dining venues that the city has to offer. Plus, there are many nightclubs and bars in this part of the city. IT IS CLOSE TO JUMEIRAH BEACHLiving in Downtown Dubai means you will never be far from the beach. If you are an avid beach-lover, that’s really good news. Jumeirah Beach is just a few minutes drive away from Downtown Dubai. OTHER OPTIONSApart from MBR City and Downtown Dubai, some of the other locations that you may want to add to your list include the following:

Share
Read More »
Dubai Expo 2020

The expected impact of Dubai Expo 2020 on the UAE economy

The global center stage belongs to Dubai and the UAE for the next few months, throughout the duration of Expo 2020 Dubai, termed as one of the biggest global events ever by many. This universal extravaganza of technology, business, connectivity, and showbiz already got underway in a spectacular style and is expected to bring millions of visitors from all over the world over the next few months. The Expo 2020 Dubai will further cement the UAE’s place as a key global player in a number of fields, showcasing its strengths to the world and attracting not just tourists but business investments as well. It is no exaggeration to say that the Dubai Expo will have a telling effect on real estate, tourism, investment, construction, and many other sectors of the UAE economy. Surprised? Don’t be. Here are some statistics (from Arab News) that prove just that.   Expo 2020 Dubai will boost the UAE’s economic activity by a whopping USD 33.4 billion It will support no fewer than 905,200 full-time equivalent job-years The economic activity during Expo 2020 Dubai (October 2021 to March 2022) is expected to equal 1.5% of UAE’s total GDP Restaurants and Hotels spending will increase by USD 3.1 billion Spending in the SME sector will go up by USD 1.3 billion Event organization and business services are expected to see a growth of USD 18.8 billion The construction sector is likely to see an impressive growth of USD 7.35 billion The message from economic pundits is loud and clear. In particular, the tourism and construction industry will receive a shot in the arm, thanks to Dubai Expo. The authorities believe, and not without reason, that Expo will boost Dubai’s attractiveness as a prime destination for not only tourists but also expatriate workers. Besides targeting 25 million visits to this global event itself, experts believe Dubai will see around 23 million tourist arrivals by 2025. To put things into perspective, Dubai recorded 16.7 million visits in 2019, so we are talking of an increase of roughly 33% in six years. This massive, expected inflow of tourists has incited the DTCM (which stands for the Department of Tourism and Commerce Marketing) to prepare a large number of events and attractions that will surely wow visitors and keep their families entertained. Now, let’s see what the Expo’s impact will be on a couple of important sectors. Real Estate: Since the announcement of Expo 2020, government-led projects have increased significantly in Dubai. Smart cities, improved infrastructure, and the District Expo 2020 will all transform the real estate sector for the better. On another hand, property sales and rental prices have already increased in the second half of 2021 and this was mainly due to an rise in demand by residents, investors and short-term visitors. After this event, real estate prices are expected to stabilize. For this purpose, authorities have come up with a detailed plan. So, even after the hundreds of thousands of tourists have left, the real estate market is likely to continue to grow and be able to avoid market fluctuations. Investment: Did you know that Dubai has invested 8 billion USD in the 2020 Expo? While this is not a meager sum by any stretch of imagination, when compared to the potential revenues from the event, it does look small. Experts have forecasted that direct revenues from Expo 2020 will easily reach 16 billion USD. Also, by the end of 2031, Dubai Expo 2020 is expected to contribute a whopping 33 billion USD to the UAE’s economy. Other industries expected to move to the next level thanks to Dubai Expo 2020 include conferences and exhibitions, transportation, communications, storage and of course hospitality. After Expo 2020 — What to Expect? The District 2020 (which is also referred as the Expo site) is all set to become an important hot spot for economic growth. Because this region has affordable housing, it will go on to become the nerve center for tourism and exhibitions. The Dubai Expo 2020 will make the city one of the most attractive places to visit and live, boosting the country’s overall attractiveness. So, while the event itself is for just six months, it will continue to have a positive effect on the UAE’s economy for many years to come.

Share
Read More »
covid

Top 5 Reasons to Buy a Property in Dubai Post-COVID

2020 and 2021 have been full of surprises as the COVID pandemic dramatically affected businesses across all industries. On the real estate front, the scene indeed witnessed a major upheaval. This stands particularly true to Dubai, a city full of surprises, where promises inspire growth and the hope for a sustainable development. This blog discusses 5 reasons to invest in Dubai’s real estate market post-Covid. An Adaptable City Since March 2020, it has been clearly established that social distancing and even lockdowns are the new way to operate. Dubai-based institutions had to adapt their schedules and systems to be in line with the curve during COVID. Aiming to be available 24/7, Businesses and brands embrace digital channels and display updated profiles on online platforms. Dubai was able to accommodate modernity like very few cities do. Dubai offers the widest possible array of activities and things to do from within your living quarters. Modernity makes everything available offline and online, giving way to flexible lifestyles that can be easily adapted to the lockdown. Thus, living in Dubai keeps uncertainty at bay and one will feel safe in the post-COVID times. A Safe Haven Not only is Dubai a hub of customer-centric services, resources and amenities, the city is most importantly safe. Crimes are at an all-time low due to the multiple laws, measures and their implementation in all of Dubai. Among the safest neighborhoods are Jumeirah Village Circle, Dubai Marina, Mirdif and Al Garhoud, Jumeirah Lakes Towers (JLT), Emirates Hills and Business Bay. Therefore, Dubai houses a community of individuals who can thrive due to the security and safety of the city. Beautiful Neighborhoods It is easy to find beautiful apartments, townhouses and free-standing villas that offer plenty of space and excellent amenities in JVC, MBR, Victory Heights, Motor City and Arabian Ranches. It is a relaxing to walk along Marina, bike in Jumeirah Village Circle, and catch the sunset in the park. That being said, there is a lot more to Dubai than inner city neighborhoods. For example, Palm Jumeirah is the place to be for beach lovers. The diversity of indoor and outdoor recreational activities, availability of transportation, and plethora of businesses is perfect for all residents. A Hub of Creativity Dubai is a celebration of art and creativity. Dubai Design District has become the center of the biggest events in the fashion and entertainment industry in the region. It pioneered the careers of influencers, artists and entrepreneurs alike. However, Dubai’s creativity is not limited to fashion and entertainment, as many other sectors are currently witnessing massive waves of innovation sponsored by the local authorities, including technology, media and even government services. Dubai is the first city in the Middle East to be selected as part of the UNESCO’s Creative Cities Network. Secure Investment All of the above make for a host of favorable reasons to not only live in Dubai, but also invest in Dubai’s flourishing real estate market, which is full of good opportunities that carry direct and indirect returns. Simply put, the income from this investment is tax-free and the best part is that the mortgage registration fees are low. Dubai is irrefutably a winner in the sense that it is quintessentially safe, eventful and forward-thinking, especially in a post-Covid era.

Share
Read More »