|
Dubai is a constantly growing city and the construction works are going on and on there. However, certain areas have already been built and where it is actually profitable to invest in. Obviously, you will need an assistance of a real estate agency in that. To check out the list of leading real estate companies in the UAE go over to the Emirates.Estate website. The offers won’t disappoint you. In this article, we will advise you on the areas to invest in.
Profitable areas in Dubai to invest in
The most profitable communities include:
-
Al Nahda,
-
JVC,
-
Dubai Silicon Oasis,
-
Mirdif.
It is these areas that are considered the most affordable in the middle price segment.
Statistical studies have shown that in the past 2021, the cost of purchasing affordable real estate (one- and two-room apartments, studios) increased in the range from 1.44% to 4.76%. The increase was also recorded in areas that were close to the venues of the world exhibition Expo-2020. For example, the overall increase in the cost of purchasing real estate in the Al Nahda area was more than 10%.
Experts attribute the recovery of the market to two main reasons.
-
Firstly, these are the effective measures of the Dubai government in the fight against the pandemic.
-
Secondly, the return of foreign investors. It is noteworthy that all records for real estate transactions in 2021 even exceeded all previously set forecasts.
Areas in Dubai with budget real estate
Real estate in the sought-after areas of Dubailand and Dubai South will be subject to changes, in particular, it concerns the reduction in the cost of the rent. These areas to this day remain budget locations for those who want to purchase property at an affordable price. More developed communities, as statistics show, show a steady increase in the prices. For example, in the Dubai Marina area prices increased by 11%, and in Jumeirah Lake Towers by 7%.
If the expat is looking for more budget properties, it is recommended to look at Dubailand and Dubai South, where one-bedroom apartments and studios can be rented from AED 28,000 to AED 40,000 per year.
The specialists expect that mortgage rates will rise from the beginning of March.
Among potential buyers, the demand for villas will be preserved. But at the same time, experts expect that their prices will rise since such facilities will not be enough to fully meet demand. Throughout 2021, the average cost of a villa has increased by 22%, and a more moderate growth rate is expected in 2022.
Real estate in the UAE
Do you want to buy property in Dubai? Benefit from the assistance of experienced professionals from Emirates.Estate website and they will assist you in obtaining a property in one of the best cities in the world. The modern real estate market in the United Arab Emirates is full of various offers. The experienced experts will help you choose the best properties that fully meet your requirements.
|
New
Review
Sharjah International Airport - 41°F
