Apartment Market Dominance: “International City” Takes the Lead, while “Arabian Ranches” Leads in Villas

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Dubai offers many tempting opportunities for individuals and companies at the local and international levels. Finding a job means looking for a home, and thanks to the new government decisions related to entry visas, the matter constituted stability for expatriates. It increased their desire to build their future lives in the United Arab Emirates.

Dubai is famous for its abundant residential real estate projects, which enjoy multiple advantages. Still, the most essential and first advantage in the field of real estate investment in Dubai is the location. It will necessarily be reflected in the value of the return on investment and several other factors related to the building and its features.

“International City” topped the list of the highest areas in terms of annual investment return in the residential apartment market by 9.4%, followed by “Jumeirah Village Circle” with 6.9%. Then “Dubai Marina” was third with 6.5%, and the fourth place came “Palm Palm”. Jumeirah, with 5.9%, and Downtown Dubai came fifth, with 5.4%.

In the residential villas market, Arabic ranches are ranked first in the market. Regarding investment return of 5.9%, then “Dubailand” came second with 5.5%. In third place was Palm Jumeirah with 3.4%.

Apartments: Dubai Marina

Dubai Marina was and still is one of the tourist destinations that sits on the throne of residential communities in Dubai. It enjoys a high return on investment, thanks to its tall buildings’ design, stunning water views, and famous restaurants and cafes. The development of the “Blue Waters” island project added importance to the area, making it one of the best areas for real estate investment in Dubai. 

In addition, the investment prices of apartments in Dubai Marina have decreased significantly, as the average purchase of studio apartments in Dubai Marina has reached 718 thousand dirhams. In comparison, one-room apartments for sale have become an annual average of 1.1 million dirhams. Finally, two-bedroom apartments are for sale in Dubai Marina, and its annual average is 1.7 million dirhams. It is worth mentioning that the return on investment in Dubai Marina is 6.5%.

Downtown Dubai

Next on the list of real estate investment areas in Dubai is the “Downtown Dubai” area. It is a thriving centre, embracing a unique mix of exquisitely designed residential and commercial towers. 

That includes approximately 30,000 properties extending over 4 square kilometres, interspersed with gardens. Natural and real estate for purchase in “Downtown Dubai” is attached to modern facilities and luxuries, such as swimming pools, sports clubs, children’s play areas and several theatres and movie halls. Most importantly, housing in this area brings everyone close to Burj Khalifa, the restaurants on Mohammed Bin Rashid Boulevard, and the world’s largest shopping mall, The Dubai Mall.

 

The prices of apartments for sale in “Downtown Dubai” decreased by 9.5%, as the average purchase of studio apartments in Downtown Dubai is 925 thousand dirhams. The average investment of a one-bedroom apartment is 1.45 million dirhams, and the average annual purchase of a two-room apartment is 2.5 million dirhams. Emirati. It is worth mentioning that the return on investment in Downtown Dubai is 5.4%.

Jumeirah Village Circle

Jumeirah Village Circle is distinguished as one of Dubai’s real estate investment areas. Its strategic location facilitates movement to and from many areas, such as; “Jebel Ali” and “Dubai Marina” as well as “Jumeirah Lakes Towers”. In addition to projects that are still under implementation and at the same time have gained wide fame in the field of investment, such as “Roxana Residence”.

The average investment in residential apartments in “Jumeirah Village Circle”, the studio, is 430 thousand dirhams. The average purchase price of a one-room apartment and a hall is 704 thousand dirhams. Two-room apartments and a hall, the average purchase after the decrease is 1.09 million dirhams. It is worth mentioning that the return on investment in Jumeirah Village Circle is 6.9%.

Palm Jumeirah

The fourth area in the list of locations most in demand for those looking for real estate investment opportunities is in the “Palm Jumeirah” island. That is a result of its unique design in the shape of a palm tree drawn on the surface of the Arabian Gulf. Raffles, in addition to its inclusion of a vast shopping centre, Nakheel Mall.

Palm Jumeirah real estate was developed based on luxury and sophistication, with the average purchase price of a studio in Palm Jumeirah at 1.09 million dirhams. The average purchase price of a one-bedroom apartment at 1.9 million dirhams, and the average purchase price of a two-bedroom apartment at 2.29 million dirhams. It is worth mentioning that the return on investment in Palm Jumeirah is 5.9%.

International City

We conclude the list of real estate investments in Dubai regarding apartments in the “International City”. That provides its residents with the pleasure of living and stability in a complex surrounded by a contemporary style of living at reasonable prices. The residential complexes are named after well-known countries from all over the world. In addition, it includes a large group of local and international restaurants and cafes of various international cuisines to satisfy the tastes and desires of everyone.

The purchase price of apartments in International City decreased by 16.1%. So, the average purchase price of a studio is AED 240,000, and the purchase price of one-room apartment is AED 345,000. At the same time, the average price of two-bedroom apartments for sale is AED 650,000. It is worth mentioning that the return on investment in the International City is 9.4%.

Villas: Palm Jumeirah

“Palm Jumeirah” ranked first in the list of the most sought-after areas by those looking for real estate investment in Dubai for foreigners. As the purchase price of villas decreased by 8.3%, the purchase price of 3-bedroom villas and a hall in Palm Jumeirah amounted to 6.2 million dirhams. The average purchase price of 4 4-bedroom villas and a hall is 9.5 million dirhams, and the return on investment in this region is 3.4%.

Arabian Ranches

Successfully in the list that includes the best real estate investment areas in Dubai 2020 comes the “Arabian Ranches” complex. That is considered one of the residential areas suitable for families and enjoys a high return on investment of 5.9%. Thanks to its inclusion of villas with large areas and many recreational and service facilities. The average purchase price of 3-bedroom villas in Arabian Ranches is AED 2.35 million, and 4-bedroom villas are AED 3.6 million, following a 6.6% price decrease.

Dubailand

Dubailand includes many residential projects suitable for those wishing to own villas to invest in, as the purchase prices for 3-bedroom villas start from 1.3 million AED. In comparison, 4-bedroom villas start from 2.06 million AED, and 5-bedroom villas have an average price. It was bought for 2.7 million dirhams. The return on investment in Dubailand is 5.5%.

The villa

In the list of Dubai’s most influential real estate investment areas, we move to the “Villa” complex. That was developed by the “Dubai Properties” company, which was based on the design of villas luxuriously and distinctively surrounded by vast green spaces. In addition, this complex is equipped with all kinds of service facilities, which include swimming pools, sports clubs, mosques, community shopping centres, children’s play areas and many more.

The prices of villas for sale in The Villa decreased by 11.9%, so the average purchase price of 3, 4, and 5-bedroom villas is AED 1.2 million, AED 3.1 million, and AED 3.7 million, respectively.

Damac Hills

We conclude the list of the best investment areas in Dubai real estate with “DAMAC Hills”. That also witnessed a decrease in the purchase rate of villas by about 5.5%, so the prices became 2.4 million, 2.8 million and 4.5 million AED for villas of 3, 4, and 5 rooms, respectively.

 

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