Register your interest Enquire Call us CALL Chat with us CHAT WhatsApp
Ellington-Logo_Black-Arabic

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 »
Palm villa

Live in Dubai’s Apartment Or Villa?

Villas and apartments are both very popular options for residential properties in Dubai. Whether you are buying or renting, both options are available in different sizes, price ranges, styles, and locations. As such, residents may at times find it hard to decide which type of properties will suit them better. If you can’t decide between living in a villa or apartment in Dubai, this post is just for you. We have uncovered some of the main factors to consider so that you can easily and confidently make an informed decision. Price and Size For most people, price and size are among the most important factors while buying or renting a property. Generally speaking, apartments tend to have a lower entry price than villas in Dubai because villas usually offer a bigger internal space in addition to an external terrace or garden area. Of course, size directly impacts the price you end up paying. In other words, a 3-bedroom apartment is more expensive than a 2-bedroom apartment or studio in the same building. However, you may find a reasonably priced 3- bedroom villa 30 minutes away from the downtown that can actually cost you less than a two-bedroom apartment located in the center. So, it all depends on the location which we will talk about next. Location The other main factor to consider while deciding between a villa and apartment in Dubai is location. Some locations in Dubai offer a wide selection of sales and rental properties, but in many areas your choices are rather limited. For example, Downtown Dubai — one of the top neighborhoods located in the city and popular among buyers and renters for its central location — mainly offers apartments. A prospective resident is likely to find it difficult to get a villa in these parts. In contrast, suburban communities — like Dubailand — almost exclusively have beautiful townhouses and cozy villas. Maintenance costs It is important to understand the various maintenance costs involved in an apartment vs. a villa in Dubai. Generally speaking, villas are costlier to maintain than apartments for an obvious reason: A larger space and the lack of shared services (unlike an apartment located in a building). Lifestyle Which is a greater priority for you — convenience or privacy? If you said convenience, an apartment in Dubai is likely to suit you better. Because apartment towers in Dubai tend to be more centrally-located than villas, they are much closer to commercial hubs and leisure activities. But if you value privacy more than convenience, a villa is likely to work out better for you. In Dubai, villas are almost exclusively located in gated communities or residential areas a little away from the urban hubbub. Because these villas provide a quiet environment, they are perfect for families, especially ones with children. On the other hand, single professionals who want to live near the city center or couples looking for a property that’s a few minutes walk from malls or entertainment options might prefer the convenience of living in an apartment. Likewise, those who like having a private outdoor space or hate using the lift might prefer the privacy of a townhouse or villa. By contrast, social butterflies may like living in an apartment complex, where they can have more opportunities to chit-chat with the neighbors. Several trendy villa communities in Dubai — like Emirates Hills — also house nurseries and schools. Therefore, they are a great choice for families with kids. Budget-conscious buyers or renters, however, can consider living in apartments in popular integrated communities, like Jumeirah Village Circle or Mohammad Bin Rashid City, since they offer beautiful apartments and also feature schools and nurseries. Views For some buyers or renters this is not an important factor, but for some others the surrounding views is a big thing. Some high-luxury apartments offer unparalleled views, though they usually come with a steeper price tag. If you like to enjoy sweeping views of the Arabian Sea, you may consider a high-floor flat on Jumeirah or the Palm. On the other hand, those who prefer impressive Burj Khalifa or city skyline views are more likely to find apartments in Downtown Dubai to their liking. Many Dubai villas, in contrast, offer charming greeneries and lake views or golf course views. So, the choice between the two—villa and apartment—may also depend on your personal preference when it comes to the type of surrounding views. Amenities Last but not the least, you may also want to consider the facilities and amenities you will have access to. For instance, if you rely on Dubai Metro to commute to your office, an apartment might be a good choice. That’s because most villa communities are little farther away from Dubai Metro. On the other hand, apartment towers usually offer a shared pool and gym while villa communities offer more extensive facilities, like jogging tracks, tennis courts, community parks…etc.

Share
Read More »
Harrington House

Five reasons to invest in a new property in Dubai

Growing at a faster rate than most other cosmopolitan cities, Dubai is replete with skyscrapers, idyllic spots, picturesque water views, and more. From the world’s largest artificial islands built in the shape of a date palm tree to the world’s tallest tower, Dubai has a lot that impresses anyone landing here for the first time. Looking to purchase property in Dubai? The real estate market here is as diverse as you can imagine and includes not only a standard commercial and residential inventory but also high-rise buildings, detached houses, and ultra-modern complexes. Plus, Dubai is ideally located between Asia, Africa and Europe, which is a big reason why experienced real estate investors from all over the world flock here. Here are top 5 reasons why investing in a new property in Dubai right now is a smart decision. Trustworthy, regulated real estate market The latest Global Real Estate Transparency Index from JLL ranks Dubai (along with Abu Dhabi) as the most transparent market in the entire MENA region. This index is regarded as key indicator of the health of the real estate market of any city. The government understands the importance of having transparent real estate policies, which is essential for attracting a lot of foreign investments. A case can be made for the new Open Data Law. It paves the way for the sharing of non-confidential data between non-government and government entities without any obstacles. What’s more, the Real Estate Regulatory Agency is also doing its bit to streamline processes. For instance, it has introduced several measures in the past few years to make Dubai’s real estate more regulated. Today, its real estate market is as well regulated as any other top international destination, like Singapore or Paris. Stable economy Dubai is no longer just an oil-dependent economy. Instead, the UAE has diversified its economy immensely in the last several years by developing other sectors like manufacturing and tourism. Dubai features many tourist attractions, like Palm Jumeirah and Burj Khalifa, and the ongoing 2020 Expo is expected to deliver a further boost to its travel and tourism industry.    Attractive Rental Yields Dubai, unlike many other cosmopolitan cities, offers a high ROI, which stands for return on investment. A key component of real estate returns is rental income. In contrast to capital appreciation, rental income matures immediately. Capital appreciation, on the other hand, is attainable only when you sell a property or release considerably home equity through a home loan. Dubai apartments achieved a 7% rental yield last year on average, despite the global slowdown due to the Covid-19 pandemic. Villas in Dubai, in contrast, registered a 5% ROI. In simple language, it means that if you buy a 2-bedroom unit for AED 1,000,000 and rent it, you will be able to recover the entire property value in 14 years only, even if the rental rate doesn’t grow further. Safety & High Living Standards Another reason to buy a new property in Dubai is its high standard of living. Dubai not only offers a modern lifestyle, but it also has a very low crime rate. As a matter of fact, the crime rate in the UAE is very close to zero, and consequently, it is considered as one of the safest countries in the globe. Different Types of Residential Units Dubai real estate has an impressive and diversified portfolio of residential properties. From ultra-modern apartments and studios in JVC or Downtown or beautiful townhouses and villas in Jumeirah, MBR City and Dubailand, Dubai has it all. No wonder then it is frequently referred to as the real estate capital of the Middle East. Where to buy a residential property in Dubai? Dubai is a prime real estate market offering all types of properties, including affordable and luxury assets. From an investment perspective, there are hundreds of suitable properties in Dubai. These include studios, apartments, villas, and townhouses.  If you are interested to invest in a high-yield apartment or a luxury townhouse in Dubai, then take some time out to check out all the available options on our website at www.ellingtonproperties.ae. Alternatively, you can also contact us anytime and we will be glad to assist you.

Share
Read More »
5 reasons why MBR City is the hotspot for property investment

Top 5 reasons that make MBR City the hotspot for property investment in Dubai for 2021 and beyond

Over the years, property investment drew the attention of many people, and proved to be a sound investment. Whether you are an expert on the field or a beginner looking for your first investment, you will be always looking for locations that generate the best returns in terms of ROI, capital gains and lifestyle offerings. Mohammed Bin Rashid City, also known as MBR City, is one of the most-anticipated mixed-use developments in Dubai and the gulf region. Envisioned and developed as a city within the city by the ruler of Dubai, Sheikh Mohammed Bin Rashid Al Maktoum, and thus it was named after him. MBR City is the hotspot for property investments in Dubai for 2021 and beyond, and we will share with you five reasons why. LOCATION Location is an extremely important element in property investment, as it is the key driver for a sound and strategic investment. Mohammed Bin Rashid City is located along the roads of Sheikh Mohammed Bin Zayed Road, Sheikh Zayed Road, Al Ain-Dubai Road and Al Khail Road. This new master-community in Dubai is well-connected to the rest of the city, with access to all major highways and streets. Our projects are located within the Meydan district, which is just five minutes away from Downtown Dubai and Burj Khalifa, Emaar Square, Dubai Mall and just south of Business Bay. The Meydan District takes the best spot in terms of location with easy access to Dubai’s commercial and business centers, as well as leisure and entertainment areas. The International Airport is just 10 minutes away, providing an easy travel connection to all residents, international travelers and visitors. PROPERTIES The type and characteristics of properties are essential for property investments. Attractive plots or houses with well-to-do infrastructures, good and open-plan layouts attract tenants, in such that a property with attractive features makes a handful of returns. Mohammed Bin Rashid City offers a mix of commercial and residential communities from several developments such as Meydan City, Dubai Hills Estate, Sobha Hartland and District One. The community offers a wide selection of luxurious apartments and villas and mid-range townhouses and residential apartments within sustainable communities developed and built according to green living standards. Ellington Properties award-winning developments in MBR City, Wilton Terraces and Wilton Park Residences features a sustainable and eco-friendly residential living experience perfectly located in the middle of lush parklands, with an overlooking view of the Ras Al Khor Wildlife Sanctuary and the city skyline of Downtown Dubai. Wilton Park Residences offers residents with a natural living experience, with its design and development taking advantage of its natural surroundings. The amenities are inspired by top-luxurious resorts such as an infinity pool, highly appointed gymnasium and kids’ areas featuring multiple play zones for various play activities. The residences feature open-plan layouts, well-equipped kitchen and floor-to-ceiling windows, all built within the practice of biophilic design. LIFESTYLE AND OFFERINGS A profitable real estate investment also focuses on the key offerings and experiences its potential residents get, as tenants tends to focus on convenience and comfort when choosing for a house to live and stay. Mohammed Bin Rashid City is set to become the family and tourist destination in Dubai with services, facilities and amenities to cater to multiple cultural backgrounds. Shopping and Retail Meydan One Mall, envisioned to be the home of the world’s longest indoor ski slope, will feature 550 retail outlets including a 13,200 square meter hypermarket. The Meydan One Mall is one of the most highly anticipated developments in the city that will redefine the ultimate retail experience. Entertainment and Leisure Crystal Lagoons is set to be the largest man-made lagoon in the world. Inspired by the Caribbean, the lagoon covers about 7 kilometers of clear turquoise waters and palm trees, surrounded by corporate towers, parks and residential developments. Meydan Golf Course, a unique 9-hole course spanning over 7,412 yards of tee options and natural lakes, will operate with a pay and play concept ideal for visitors.  The Track, Meydan Golf Course is the newest course for all the golf lovers in Dubai. Meydan Racecourse and Grandstand boasts two-horse-racing tracks spanning over 1.5 kilometres with a spectacular facility that can cover up to 80,000 visitors. Schools and Universities North London Collegiate School located within Sobha Hartland in MBR City, is a 38,000 sq/m campus offering international curriculum standards dedicated to promoting the holistic developments of students. NLCS Dubai is just 1 minute away from Wilton Terraces and Wilton Park Residences. Hartland International School follows the UK curriculum educational system offering primary and secondary program committed to delivering the best educational experience. Situated within the Sobha Hartland community, it is 1 minute away from Ellington Properties projects, Wilton Terraces and Wilton Park Residences. APRECIATION POTENTIAL Appreciation is the real upside of real estate investment.  A property investment should have a strong appreciation potential in terms of the neighborhood and the property. Mohammed Bin Rashid City is one of the highly anticipated developments in Dubai because of its promising vision to deliver world-class entertainment and unique residential offerings. Some of the developments are forecasted to break records and is expected to compete against the world’s best. Tagged as city within the city, MBR City will become the new Downtown of Dubai. To-date it has not yet been fully developed, however with Dubai’s history of delivering results and paving ways to innovative changes, backed by certain economic stimulus and strong government support, the community is showing good prediction reports with market trends expected to go upward. This means that it will create a high demand in the market, both primary and secondary, for the next two years. ZERO TAX A property investment without paying taxes on rental income and capital gains is a win-win situation.  Dubai is a tax-free Emirate, making it one of the hotspots for investments for both foreign and local investors. Properties in Dubai have zero tax, and this makes it one of the cheapest cities for property investments globally. Residential properties in MBR City

Share
Read More »
We value your privacy. Ellington Properties uses cookies and similar technology to collect information that enables us to continuously improve your experience of our website. By clicking Accept, you agree to our use of cookies. Find out more?
Accept