Properties are the most sought-after and high-yielding investments in cities across the globe and Dubai is no exception to the rule. Though it is a commonly known fact that 2016 was a quiet year for the Dubai real estate market, 2017 has seen an exciting resurgence of interest from investors and several experts have noted that the property market in the emirate is nearly at the bottom of its down cycle and now is looking up.
All of this has a very positive effect, increasing the average rental yield. So if you are nursing investment sentiments of finding a property for sale in Dubai, there are thousands of lucrative options at your disposal.
The second largest of the emirates in the UAE, Dubai has a population of only 2.6 million, and is synonymous with all things king-size. It sports the first, largest, biggest, and best constructions in the world. Moreover, with the expo 2020 on the horizon, the government of Dubai has focused its energies into fostering a spirit of innovation and technological advancement, all with the singular aim of making the emirate one of the world’s most attractive cities to live in.
Now’s the time
So with a real estate market that seems to be back with a bang and a government that is committed to raising the bar when it comes to positioning Dubai as one of the most advanced cities in the world, there is no better time than now to buy that dream home. But of all the exciting locations in the city, what is the best place in Dubai to buy a property in?
Here are the top three locations that most property buyers zone in on when planning a purchase.
The Center of Now
The locality that oozes extravagance, with exclusive views of the Burj Khalifa and the Dubai Fountain, and dubbed as the ‘Center of Now’, Downtown Dubai remains a perennial favorite for people who choose to stay in the lap of luxury. Located along Sheikh Zayed Road on the north-west part of Dubai, Downtown is a bustling, highly sought-after area with several commercial, retail, residential, entertainment, shopping and leisure outlets. With its ultra modern skyscrapers, world class shopping malls and super luxury hotels, Downtown Dubai establishes Dubai’s role as one of the most visited tourist destinations in the world.
The Dubai Marina is another locality that has become a hard and fast favorite with investors, since it sports some of the best waterfront properties in the world. An area that boasts world class amenities such as restaurants that offer great and varied cuisines, indoor pools, cinemas, shops, gyms, spas, community and recreational centers, all located within the 10 kilometers boardwalk for its residents and visitors. With its stunning view of the Persian Gulf, the Dubai Marina also offers other avenues of entertainment such as yachting, jogging and fishing making it the absolute investment hotspot for anyone who loves the outdoors.
On the Palm
A property for sale in Dubai most definitely brings to mind some fancy living. Ever consider living on the largest man-made island in the world? The Palm Jumeirah has no competition. Not only is it one of the most recognizable addresses in the world, it’s also considered one of the most desirable among home buyers. Palm Jumeirah represents an unmatched level of beachfront existence, with peaceful family friendly neighborhoods that are loaded with features. A wide range of restaurants, cafes and diners present along with parks, swimming pools, health spas, clubs, gymnasiums as well as water sports, scores of luxury hotels discos and bars, ensures you will never have a dull moment ever.
No matter which area you pick, the year 2017 is definitely one of the best times to invest in a property for sale in Dubai. Market predictions state that thousands – perhaps even more than 10,000 – units will be completed and available in the emirate this year and, as the government continues to make some key investments, the property market is expected to stabilize towards the end of the year. As one of the most attractive cities to live in, Dubai definitely offers every amenity you can ever want – and then some.