Dubai has gained world recognition and popularity due to exclusive tourism and business proposals. The emirate is significantly developing and a great number of real estate units, including residential, recreational and commercial are being built to satisfy the needs of residents and international investors.
Townhouses are quite popular in Dubai, compared to other real estate units on the market. Both locals and foreigners choose townhouses for either investment or for living in. Moreover, villas are in high demand among tenants, as well as townhouses.
It should be noted that obtaining a townhouse will give an investor several benefits, as usually they cost less than villas and spacious apartments. Additionally, the service charge and maintenance fees are also quite reasonable. These are the main reasons why townhouses are always in demand. Another advantage is that almost every townhouse community is provided with swimming pools, parking, children’s playgrounds, BBQ areas, gyms and zones for sports activities and even golf courses.
Those wishing to invest in Dubai real estate property will be amazed by the great number of options in and around the city. Besides apartments and villas, townhouses are gaining popularity both among investors and those aspiring to live in Dubai.
Dubailand is considered one of the most popular areas to invest in the best townhouse communities. The development has an area of about 3M sq.ft which is divided into several neighbourhoods, including Al Habtoor Polo Resort & Club, Dubailand Oasis, Layan, Majan, Falconcity of Wonders, Living Legends, Villanova, Rukan, Tiger Woods and Al Waha. Before the project was taken over by the Dubai Properties Group, Dubai Sports City, Arabian Ranches and Dubai Motor City, which are now separate projects, were planned to become parts of Dubailand as well.
Entertainment facilities like IMG Worlds of Adventure; the world’s largest indoor theme and amusement park, Al Habtoor Polo Resort & Club with its expansive green polo lawns and various hotels, are set within Dubailand. The community offers completed projects, as well as units in developing communities such as DAMAC Hills. Those who are interested in townhouses might like Villanova, Cherrywoods, Al Waha Villas and Palmarosa. The majority of townhouses are provided with 2-4 bedrooms, with living areas varying from 1,865 sq.ft to 3,000 sq.ft. The prices in DAMAC Hills start from AED 1,100,000 (USD 300,000) with an annual rental yield of about 6.3%.
Another popular area for obtaining a townhouse is Jumeirah Village Circle (JVC), from where you can easily get to Dubai Marina and the Palm Jumeirah. It’s one of the best communities for families with affordable prices, both for buying and renting compared to other areas in Dubai.
JVC residents will definitely appreciate the gardens and canals which surround the area and make it a cosy place where you can relax from the hustle and bustle of Dubai. It’s the best place for families with children as a great number of educational institutions, parks, walking areas and sports activities can be found nearby. Investors are interested in JVC as prices are quite affordable and ROI is high here, which generates up to 6%. Living areas of 1-4 bedroom townhouses presented in JVC vary from 1,630 sq.ft to 4,600 sq.ft. The starting price of a townhouse in Jumeirah Village Circle is AED 1,300,000 (USD 354,000).
DAMAC Hills 2, also known as Akoya Oxygen, is a project by the leading real estate Dubai-based company DAMAC Properties. The vast green area which is called Akoya O2 provides residents with gardens, parks, fountains, walking areas, recreational areas, and the world-renowned Trump World Golf Club. The area is easily connected with the majority of commercial and residential areas of the emirate. However, there is no need to lose time in traffic jams as retail shops, restaurants, cafes and other amenities can be found in the community. Those interested in the area can choose from 1-7 bedroom townhouses with areas from 740 sq.ft to 6,300 sq.ft. The minimum cost of a unit here is AED 500,000 (USD 136,000).
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