Top 15 Places To Invest In Dubai Real Estate In 2024
🌟 Dive into Dubai’s Real Estate Goldmine! Aeon & Trisl’s Top 15 Investment Picks for 2024 — Find Your Fortune in the City of Dreams! 💰🏡
There’s no wonder that a real estate investment in Dubai comes with; passive income if the investor chooses to rent their property, protection against inflation, and great returns if the investment is made in the right property, and right place. After years, the investors can opt to sell the ownership when the property value has increased. That’s why the investment must be made in top places so that it yields much more than you expected, and also so that your money and efforts go in the right direction.
This is why Aeon & Trisl brokers have gathered for you the top fifteen places for investment in Dubai in 2024. Let’s check out the list.
1. Palm Jumeirah
Famous among buyers and investors, Palm Jumeirah is one of the safest places for investment in Dubai. Thanks to its potentially loaded projects and strategic location, it’s certainly a great neighborhood to consider. The area is popular for its apartments and villas. The property prices in Palm Jumeirah start from AED 2.14M. Not so high right?
2. Downtown Dubai
Home to Burj Khalifa, Dubai mall, and Mohammed Bin Rashid Boulevard, Downtown Dubai is popular for its skyscraping apartments. The appeal of the area is certain to last as it’s one of the most famous places in the world to visit among tourists. Here the studio apartments start from AED 920, 000 while 1 BR apartments come in at approximately AED 1.45M.
The properties of Downtown Dubai are always in high demand for rent as it offers easy travel to the key locations of Dubai.
3. Dubai Hills Estate
The first phase of MBR City, Dubai Hills Estate is a joint venture of Meraas Holding and Emaar Properties. The neighborhood is easily accessible as its located along the Al Khail Road (E44) Highway and next to Al Barsha South. According to Dubizzle and Bayut 2022 Dubai Rental Report, DHE is one of the few top areas in the emirate for renting and buying luxury properties.
The community is not only known for rental luxury apartments, but also is among the top choices for investment in villas, townhouses, and plots. Dubai Hills Estate is a high-end luxury residential region spread over 11 million square meters with an 18-hole championship golf course. So, luxury property investors, what are you waiting for?
4. Jumeirah Village Circle
In proximity to Jebel Ali and Dubai Marina, it’s no surprise that JVC is also one of the extremely popular communities among investors. The properties here are slightly affordable as compared to the ones in Downtown Dubai and Palm Jumeirah. You can get a 1 BR apartment here for just AED 740, 000 while a 2 BR apartment would cost around AED 1.1M. In short, for affordable properties, consider investing in Jumeirah Village Circle.
5. Business Bay
Business Bay is a fanciful development in the heart of Dubai. Its infrastructure is ideal for promoting luxury living, trade, and business activities.
Its properties remain in high demand as it is located next to freehold areas, DIFC, and Burj Khalifa, all of which are key destinations in Dubai.
Business Bay features several equipped towers which can be rented or purchased as commercial offices. In addition, investors can also find apartments, penthouses, and villas up for sale in this area.
The bottom line is, no matter what type of property you are looking to invest in, this mixed-use development comprises something for all! So, go check out Business Bay’s properties for sale on our website and make the wisest investment of your life!
6. Dubai Marina
Another potential place for investment in Dubai real estate is Dubai Marina. The development is home to several high-rise apartments, beautiful villas, and an abundance of retail and dining options. One can find a single-bedroom apartment here for just AED 1.15M while a double-bedroom apartment for sale would cost approximately AED 1.9M.
7. Jumeirah Beach Residence
As the name suggests, JBR is a beachside development boasting a unique cluster of sandy-hued buildings. These buildings do complement the gleaming towers seen around the Emirate and are ideal for living for small families and professionals. Its seaside lifestyle, top-notch facilities, and exciting entertainment options including Ain Dubai make it a sought-after neighborhood among renters and buyers.
8. International City
For a high rate of returns, consider investing in International City’s properties. It’s an inviting development to businesses, residents, and tourists with properties starting from just AED 305, 000.
9. Jumeirah Lake Towers
For investors with budgets of buying an apartment, Jumeirah Lake Towers would be a good option. The apartments for sale here are not just affordable but also offer high-end luxury amenities at lower rates in contrast to Dubai Marina. The rate on investment for JLT properties is 6.82%, meaning you can make an effective investment with less money.
Investors can buy a studio in JLT at an average price of AED 451k. While the average prices for 1, 2, and 3 BR apartment in JLT is AED 822k, AED 1.3M, and AED 1.5M respectively.
10. Dubai Silicon Oasis
Another favorable area for property investment in Dubai is Dubai Silicon Oasis. The neighborhood is popular among home seekers and investors interested in affordable apartments for sale in Dubai.
The region comprises plenty of residential and commercial properties for rent and sale with amenities such as schools, restaurants, clinics, parks, and hospitals. This is why the ROI for DSO properties is 6.82%.
The apartments for sale in Dubai Silicon Oasis range from studios to 3 BR apartments with prices starting from AED 327k.
11. Emirate Hills
Home to many famous personalities of the world, Emirate Hills is a gated community in Dubai, sharing borders with The Lakes, The Springs, and The Meadows. This project of Emaar is one of the first freehold areas in Dubai, allowing the ex-pats to buy properties in the premier neighborhood of the emirate.
The development is popular for the most luxurious villas in Dubai with prices starting from AED 6M. So, if you have a high budget then do avail this opportunity as an investment here would certainly yield good results due to the high demand for these mighty villas.
12. Al Furjan
Al Furjan is a vibrant residential place between Sheikh Mohammed Bin Zayed Road E311 and Sheikh Zayed Road E11. The community offers apartments, villas, townhouses, and commercial spaces for rent and sale.
This development by Nakheel Properties is a good choice from an investment point of view because of its proximity to the Metro station, two major highways, and exclusive amenities. All these factors increase a property’s value and also keep it in high demand. So, for quick returns invest now in Al Furjan’s properties.
13. Muhammad Bin Rashid City
Commonly known as MBR City, this freehold and mixed-used development also has the potential for high ROI. It is one of the biggest developments in Dubai which was inaugurated by His Highness Sheikh Muhammed Bin Rashid Al Maktoum in May 2015.
Muhammad Bin Rashid City comprises apartments, villas, and mansions along with state-of-the-art tourist attractions, parks, a shopping center, the world’s largest man-made lagoon, and a hub of leisure activities. These features have increased the worth of properties there.
All in all, an investment in MBR City will seem high at first but it will certainly yield great profits.
14. Barsha Heights
Formerly known as Tecom, Barsha heights is a vibrant apartment community in Dubai, comprising residential and commercial properties, serviced apartments, and hotels. The availability of affordable properties alongside local businesses and SMEs makes this district ideal for both residential and commercial uses.
The strategic location of Barsha Heights properties makes the commute easier for its investors and residents. This neighborhood borders Al Hessa Street D61 and gets direct access to E11, E44, First Al Khail Street, and Jebel Ali Racecourse Road which in turn connects this region to many key communities of Dubai.
Barsha Height’s perfect blend of commercial, residential, and recreational spaces makes it a potential choice for real estate investment.
15. Dubai Creek Harbor
This seaside community is going to be 3 times the size of Downtown Dubai. The investors eyeing Dubai Creek harbor’s properties will get to choose from a wide portfolio as the district will feature tons of residential towers including the Creek Edge, Creek Palace, Surf, The Cove, Vida Residences Creek Beach, and many more.
So, if you are planning on investing in apartments in Dubai for rental returns then do consider Dubai Creek Harbor as it will certainly have something that will match your budget.
Final Reflection:
Investments in real estate bring many benefits only when done in the right place, property, and time. So, search thoroughly and take your time when investing in Dubai to produce the best results!
