Real estate Dubai analysts believe that Dubai’s top areas to buy property in 2022 include Dubai Hills, Palm Jumeirah (Arabian Ranches), JBR, The Lakes, and JBR. They said that the area saw double-digit property value and transaction increases. Arabian Ranches’ villas showed a 34.1% year-on-year increase in property value and 58.9% in transactions.
The Lakes also saw a rise of 31.2% in their property values and a 16% jump in sales. Also, the prices of apartments in Palm Jumeirah were up 17.3%, and JBR saw a 14.6% increase in capital value. Their increases in sales transactions were 131.1% and 68.1%.
Why should you invest In Dubai?
Property Investment in Dubai is the most desirable city in Dubai when it comes to real estate. You’ll find stunning skyscrapers, huge palm-shaped islands, and many top-notch villa communities. Dubai is home to an extraordinary lifestyle.
Best Areas for Property Investment
1. Downtown Dubai
Downtown Dubai – Known as the Best Property Investment in Dubai, the area is home to the Burj Khalifa and the Dubai Mall. The site is famous for its Downtown high-rise luxury apartments and the more cozy apartments in Old Town. Burj Khalifa, the most visited tourist attraction in the world, will ensure that the area remains attractive.
2. Dubai Silicon Mosis
Dubai Silicon Oasis offers the best opportunities for property investment. It is a popular area for investors and home-buyers looking for affordable apartments to rent in Dubai.
3. International City
International City is another great place to purchase property in Dubai. This area is an excellent place to buy Properties in Dubai For Sale apartments reasonably priced. It is an international city and hosts many national-themed building clusters. This area is famous for its unique architecture.
4. Market Goes the Best
Villas are another great choice regarding the best places for property investment in Dubai. According to the latest sales trends, DAMAC Hills 2 by Akoya by DAMAC is at the top of the list for property investors looking to buy Dubai villas.
5. Damac Ills 2 – Akoya By Damac
DAMAC Heights 2, formerly Akoya (DAMAC), is the most popular area in Dubai to purchase villas. Because it is close to Al Qudra lakes, this tranquil community is trendy with investors and home-buyers alike. It is Dubai’s first-ever green residential community.
Why They Are the Best Areas in Dubai
A majority of people have limited budgets and are seeking out affordable housing in suburban neighborhoods. Property Insights data has shown that Palm Jumeirah (Downtown Dubai) and Arabian Ranches are the best places to Invest in Dubai Real Estate luxury properties. JVC, Dubai Marina, and Business Bay are the best places for residential units.
What are the Things You Need to Know before Investing in Property?
The most important commitment a person makes in their life is to invest in a residence. Finding the right investment location in Dubai, an area where many transactions occur daily, is difficult. But, there are some things you can do to speed up the house hunt.
- The property provided the ROI
- Total size and the average age of households
- Rates for maintenance and mortgage rates
On the contrary, a Post Handover Payment Plans allows buyers to pay a predetermined sum once the property is delivered. It depends on the developer and project. Dubai’s post-handover payments plans can last up to five years.