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- Popular areas of Dubai in Q3 2023 | AX CAPITAL
The Dubai real estate market continues to develop, attracting investors from around the world. The continued population growth is also contributing to increased demand for residential real estate and robust new transactions. Below we will highlight the most popular areas in Dubai as well as the areas with the highest ROI in Q3 2023. Content:
Popular areas in Dubai
When choosing housing, future owners pay attention to the following factors:
- Convenience of layouts
- Level of infrastructure
- Design of apartments and the complex
- Number and variety of amenities
According to the study, the most popular areas are Dubai Marina, JVC, and Dubai Hills. Buyers are most often interested in properties in these neighborhoods.
Dubai Marina is an environmentally friendly coastal area of Dubai. It includes many walking and cycling paths and landscaped areas. This encourages dwellers to lead a more active lifestyle and use personal transport less. Local residential properties include apartments, penthouses, townhouses, and villas. Most of the local real estate is premium, but the abundance of amenities and coastal lifestyle attracts a large number of buyers.
Jumeirah Village Circle (JVC) is a family-friendly residential area in Dubai featuring apartments, villas, and townhouses. It offers modern interiors, amenities, and a well-developed infrastructure with supermarkets, schools, hospitals, and sports facilities. JVC has 30 parks and is close to popular attractions. Here you can find real estate in different price segments, suitable for almost any budget.
Damac Hills 2 offers upscale villas, townhouses, and apartments. The community provides a variety of amenities: seven golf courses, parks, swimming pools, and playgrounds. Its modern architecture and security make it suitable for many types of dwellers. Residents can enjoy a convenient and luxurious life with access to a gym, restaurants, and shops. Damac Hills 2 has good transport links, and it offers a wide range of properties with stunning views.
The best properties in Dubai for investment
The most profitable solution for investors would be to purchase real estate in the Al Sufouh, DIP, and Liwan areas. Housing in these neighborhoods is in high demand, but also provides an opportunity to get a faster return on your investment. The local ROI is over 10%, ensuring a quick and consistent return on investment. The listed areas are located within the city limits and have convenient access to local infrastructure and a high level of transport accessibility. Among the types of housing, we can distinguish apartments with 1-4 bedrooms, studios, and villas.
Residential community on the beach with modern architecture. It offers a relaxed lifestyle close to supermarkets, schools, and leisure facilities. The area features modern-style apartments and villas with high-quality finishes. Al Sufouh provides amenities such as playgrounds, swimming pools, and gyms. It is conveniently located near Sheikh Zayed Road and offers ample parking. Nearby attractions include Wild Wadi Waterpark and the Mall of the Emirates. Property options include 1-3 bedroom apartments and villas with pools and gardens. ROI will be 10.5%.
Business district with an area of more than 24 sq. km. Business centers, office buildings, factories, and residential complexes are harmoniously located on its territory. Local infrastructure includes shops, cafes, and shopping arcades. The neighborhood is located away from the center of Dubai, but the proximity to major highways and several bus stops offset this disadvantage. Property here is in high demand among young professionals and businessmen who need proximity to the emirate's main financial centers. The ROI percentage from renting out a property is approximately 10.38%.
The Liwan residential complex is located in Dubailand, close to the beaches, providing access to beach holidays and active sports. The complex includes a range of essential amenities, with schools, parks, and supermarkets within easy reach. In addition, the neighborhood is conveniently located close to major highways, providing quick access to various areas of Dubai. Apartments with 1-4 bedrooms and villas with 3-4 bedrooms are available for purchase and subsequent rental, ROI will be 10%.
We wrote about how to independently calculate ROI for existing and future investments in this article.
Best-selling residential complexes
The leading positions in terms of sales in Q3 2023 were occupied by two residential complexes – Aura Gardens and The Autograph.
Aura Gardens is located in Tilal Al Ghaf, one of the central areas of Dubai, popular among investors. The complex itself has more than 150 villas and 300 townhouses. It includes various amenities, recreation areas, shopping arcades, and schools with medical clinics. At the moment, real estate here costs more than $500,000, and the project itself will be completed in 2024.
The Autograph is an environmentally friendly project in one of the central areas of Dubai. The complex offers 1-2 bedroom apartments, 2 bedroom duplexes and studios. The area of the units ranges from 323 to 2800 sq. ft. The cost of premises starts from $170,000 and goes up to $650,000. The facility will be commissioned in 2024, the expected ROI will be 8%.
Jumeirah Village Circle – a new popular area among investors
Jumeirah Village Circle is another area of Dubai that is actively gaining popularity among investors. The neighborhood is popular among tourists, expats, and locals. A convenient location guarantees quick access to the entire city infrastructure – from shopping centers and entertainment venues to schools, kindergartens, and hospitals. Developers also offer a wide variety of properties, including apartments, townhouses, and villas in different price segments.
The local ROI is 6.34%, which is comparable to rental income in Downtown Dubai. It is also higher than in the JBR beach area with its 5.5%
If you are looking for a profitable investment opportunity in Dubai real estate, contact the specialists at AX CAPITAL. Our agents will provide you with all the necessary information about areas, properties, and developers in Dubai. They will also suggest the most profitable investment solutions for the long or short term.