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8 districts of Dubai for property investment

Real estate properties in Dubai are recognized long-term investments and since 2002 the city has become a hub for foreign investors. It presents a wide range of real estate projects ranging from commercial to residential properties. Regardless of the size of the investment, it is important to find the right location for the investment.

Even though rental yields have dropped by as little as 0.20% overall, according to Property Monitor, you can still get rental returns from an average of 6.23% since the beginning of 2019. 

Dubai Marina

The Dubai Marina is over 3 km long and is surrounded by the wide Dubai Marina Walk, with numerous cafes and restaurants lining the landscaped waterfront. Dubai Marina is the most populous area in the country with a very dynamic community. 90% of the roughly 200 skyscrapers surrounding the marina are residential areas, including Princess Tower, the tallest residential building in the world. Also, in this area there are 40 towers of Jumeirah Beach Residence, designed for 15,000 people.

A key component of the area is the 150,000 sq. m. Dubai Marina Mall, which includes:

  • Shopping and entertainment center with over 130 shops and a supermarket
  • Cinema with six screens
  • The Address Dubai Marina – 5 Star Premium Serviced Residence
  • You can rent a boat or take a ferry tour to Dubai’s historic old town, Deira
  • Marina Plaza – exclusive commercial tower;
  • Pier 7 Dubai Marina is a multi-storey tower dedicated to the world’s cuisine.

According to Property Finder, Dubai Marina has consistently been ranked as one of the most popular property search destinations since 2011, with rental income starting at 7% per annum. Many people on business trops or short-term travel prefer to stop here. Dubai Marina is the leading choice when it comes to investing in Dubai because it is located close to the business offices in Dubai Media City and Dubai Internet City.

Palm Jumeirah

Palm Jumeirah is the largest project with the area 5.72 sq. km, designed in the shape of a palm tree, where 16 branches are bordered by coastal houses and private villas that can accommodate more than 60,000 residents. Palm Trunk has apartment buildings, shops, hotels and marinas. The island is home to many hotels, skyscrapers, shopping and entertainment centers, a park, beach clubs and resorts, including Atlantis, The Palm, Jumeirah Zabeel Saray, One & Only The Palm, and The View at The Palm, a public observation deck 240m high More than 80 restaurants, cafes and other attractions in The Pointe, located along the waterfront at The Palm.

With a network of roads, tunnels and public transportation such as the Palm Monorail, the area is very easy and quick to reach, and rail links include free parking at the base of The Palm with parking at Atlantis, The Palm and Nakheel Mall.

Palm Jumeirah offers all types of real estate from apartments, villas, townhouses, penthouses and land plots, gated complexes and communities.

In November 2016, a new boardwalk opened along the entire length of the crescent. Built on the cliffs that form the breakwater of the island, the 6m wide boardwalk is more than 2 times the width of the original Crescent path. It is accessible from 14 points along the existing sidewalk and has not only transformed Palm Jumeirah’s Crescent into a place to cycle, run or walk, but also a “lively place” for shopping.

Business Bay

Business Bay covers an area of 6 square kilometers in the heart of Dubai and is located just 1.5 kilometers from the world’s tallest building Burj Khalifa and The Dubai Mall. The area includes projects of the Freehold and Leasehold categories (without ownership) and is a new business center of the region with more than 240 office and residential towers, landscaped gardens, a network of roads and waterways. According to the development plan, 22.1% of the area is intended for domestic use, 18.5% for commercial use, and 59.4% for mixed use.

One Business Bay is a 35-story skyscraper in the best location in the development at the northern entrance to the area and just 3 minutes from the Business Bay Metro Station. Nearby are the Dubai International Financial Center (DIFC) and Emirates Towers.

Marasi Business Bay is a new development made possible by the connection of the Dubai Canal to the open sea. It includes unique waterside pool houses, a marina and associated shops and promenade terraces. Marasi will be located in the heart of the business bay, as ferries, yachts and water taxis go to sea in the same way as Dubai Marina. The project will be divided into three areas: Yacht Club, Pier and Park.

DubaiLand

It is one of the largest entertainment and tourism districts in Dubai, also called “the world’s largest leisure and entertainment destination” or “DisneyLand in the Middle East”. It is located 600 meters from Sheikh Mohammed Bin Zayed Road (E 311) and 300 meters from the Miracle Garden. According to the master plan, over 277 sq. km will be located 26 development projects, within which there are 50 attractions. DubaiLand includes high-rise buildings, villas, townhouses, retail space, hotels and hotels. The main attraction is the large number of entertainment and recreation areas, as well as tourist sites.

City of Arabia is the main shopping and residential center of Dubai. It includes a residential area, an entertainment center and the large Mall of Arabia. Monorail will be the main mode of transport in the new area.

The largest four projects are themed residential developments: Arabian Ranches, Dubai Sports City, Falcon City of Wonders and Golf City. The so-called attractions are not necessarily the ones that equate to Disneyland. Sports City, for example, houses attractions related to the Olympic Games, many sports stadiums and a Formula 1 circuit. All attractions in DubaiLand are available not only for visitors, but also for those who want to live here or invest in real estate

Mohammed Bin Rashid City

Mohammed Bin Rashid City (MBR) is a huge new project planned for virtually empty land south of Business Bay and bounded by highways such as: Al-Khail Road (E 44), Umm Suqeim Road (D63), Sheikh Mohammed Bin Zayed Road (E 311) and Al-Ain Road (E66).

Named after the ruler of Dubai, this 108 sq. km is 20% more than Manhattan. A quarter of the area will be covered by the city of Meydan, which will eventually be surrounded by the Dubai Racing Club and will include projects such as: Meydan 1, Sobha Hartland, Meydan Metropolis, MBR City District One, Nad al Sheba 1, Millennium Estates, Meydan Grand Views , Meydan Heights and Mag Eye in Meydan (formerly known as District 7).

MBR City includes family tourism, world-class entertainment and retail, the region’s largest art gallery zone and provides an integrated environment for entrepreneurship and innovation. A total of 26,400 residential units are planned to be built in MBR City with its own monorail, connecting the area with two international airports. There are many general and private developers operating in the area, such as Emaar and Meraas Holding, Sobha or Azizi Developments, which are engaged in the construction of luxury but affordable real estate complexes from villas to apartments. But when choosing the object you are interested in, you should check with the realtor what type of real estate belongs to, since there are freehold and leasehold development zones in the area.

Emaar Beachfront

The area is located on the waterfront on the northern section of Dubai Harbor, in the bay between The Palm Jumeirah and the Mina Seyahi Hotel on mainland Dubai. The development project includes 27 residential buildings built on a strip of reclaimed land with sandy beaches on both sides.

In 2017, the original structure of the island, known as Dubawi Island, was converted to a 1.5 km long straight strip in preparation for the Emaar Beachfront master plan, and the project itself was launched in January 2018, making Emaar the first developer of the year. Due to its location, Emaar Beachfront is just minutes from Dubai Marina, Jumeirah Beach Residence and The Palm Jumeirah.

Currently, 5 construction projects are being tracked at Emaar Beachfront: South Beach, Marina Vista, Grand Blue Tower, Sunrise Bay, Beach Isle. The expected income from renting out premises is 7-8% per year.

Downtown Dubai

Downtown Dubai or Downtown Dubai is a huge residential and commercial area in the north of Dubai, covering an area of ​​2 sq. km. It is home to some of Dubai’s most famous landmarks, including the Burj Khalifa, The Dubai Mall, Dubai Fountain and Dubai Opera.

Residential properties in Downtown Dubai are multi-storey buildings with a high standard of living. Burj Khalifa contains commercial office space, the 160-room Armani Hotel and 90 residential floors. Burj is surrounded by 110,000 square meters of landscaped gardens, 6 fountains, 2 tennis courts and a children’s playground.

Skyscraper The Address Downtown located next to the Dubai Mall, the Old City and Burj Khalifa. The hotel and residential complex has a 5-star hotel with 196 rooms and 63 floors of serviced residential apartments. Away from the center is the low-rise Old Town with clusters of Arab-style buildings. There are several high-rise residential developments outside the Old City, including the South Ridge, Different Towers, and Burj View Towers.

There are about 30,000 properties for sale in Downtown Dubai. In 2022, the construction of the new 78-storey Emaar Grande skyscraper from the developer Emaar Properties will be completed in the district. There are also low-rise villas and townhouses and residential towers in the vicinity of Downtown Dubai. The developed urban infrastructure and location of the area with walking distance to the main attractions and high rental yields are of interest among foreign investors. It is worth noting that Downtown Dubai offers full-ownership options with rental yields starting at an average of 5.4%.

Arabian Ranches

Arabian Ranches is an autonomous suburban community located close to Burj Khalifa and the Dubai Polo and Equestrian Club. Real estate investors prefer Arab ranches due to the longevity of off-plan projects and high demand in the secondary market. The Arabian Ranches consists of three residential communities developed by Reem in Dubailand. It has a full range of necessary amenities: a supermarket, 20 shops, a travel agency, a pharmacy, café bars and restaurants, SPA and beauty salons, as well as its own medical center, a mosque and a community center.

The 4,000 properties are made up of townhouses and villas, and public amenities include tennis and basketball courts, a swimming pool and gardens.

Arabian Ranches Golf Club is an 18-hole desert-style golf course. There is a golf academy where you can take lessons with one of the Arabian Ranches golf professionals, and a club with 11 rooms overlooking the golf course.

At Dubai Polo & Equestrian Club, you can rent Arabian horses for a ride or take polo lessons. The club has become the most popular equestrian center in Dubai and offers visitors the services of a lounge, restaurant and bar, fitness center, swimming pool and spa.

Barsha Heights

Barsha Heights, formerly known as TECOM, hosts international companies like the Fortune 500, including BBC World, Microsoft, HP, CNN, Reuters, CNBC and many more.

The area is full of hotels and residential buildings suitable for those looking to invest in Dubai. It is the best choice for visitors because it is located in the very center of the city and is also considered a business center. Barsha Heights is home to many of Dubai’s notable neighborhoods, including Dubai Media City, Dubai Internet City, The Palm Jumeirah, Dubai Marina, Jumeirah Lakes Towers and the large Al Barsha administrative zone. And to get to the shopping and entertainment centers Mall of the Emirates and Dubai Marina Mall in just a few minutes by car.

Conclusion

  • One of the biggest advantages of buying property in these areas of Dubai is that the city’s economy is growing at a good pace, as is the population growth itself.
  • Most of the listed areas of Dubai have both residential and commercial properties. But you should take into account that before buying it is worth checking with the realtor what type of object you are interested in: freehold or leasehold.
  • Dubai remains the most stable city in the MENA region.
  • The cost of acquiring real estate in Dubai is much lower than in most other major cities in the world.
  • These areas bring on average up to 10% of rental income, while the rental yield in New York is only 3.91%, and in London – 3.21%.

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