Dubai’s Top Locations for Real Estate Investment in 2020

Author : allen12
Publish Date : 2020-06-29


Dubai’s Top Locations for Real Estate Investment in 2020

Real Estate investment is one of the safest forms of investments in Dubai since 2002 as it became the biggest property hub in the UAE. Properties for sale as well as for rent in prime locations of Dubai are in high demand. Stats show that only in 2017 69,000 real estate transactions were made which exceeded AED 285 billion. Locations like Palm Jumeirah are one of the most sought-after places in Dubai, as a result, the rates for Jumeirah park villas for rent and other such communities have skyrocketed. However, before buying any property for investment here do thorough research and sort out the locations that have profit potential.

Which Property is Good for Investment in Dubai:

Choosing the right type of property for investment is crucial especially if you want good returns. Buying a residential property is favourable for investors as they can gain high returns by renting out the property. Another popular way of investing in property is the hotel property investment, you buy a room in a hotel and then get handsome monthly returns. Investing in hotel property is also safe as the tourism industry in Dubai is always booming. Therefore, if you’re looking to have good property management Dubai for investment, then consider endowing in more than one sector.

Top Location for Real Estate Investment in Dubai 2020:    

Dubai has a plethora of futuristic metropolitan project some of the most promising locations for investment this year.s which gives investors plenty of choices to choose from. Here are

Palm Jumeirah:

Like all the previous years, Palm Jumeirah is still the favourite property investment location among investors. 2020 is the year that is perfect for buying a property here as the upcoming projects are going to bring a boom in the property sector. Mega Projects such as The Royal Atlantis & Nakheel Mall will attract a number of investors here.   

Dubai Creek Harbour:

Living by the water is a dream come true for many people and Dubai Creek Harbour is perfect for you. Situated at a short drive from Downtown Dubai, Dubai Creek Harbour is a waterfront development near Dubai Creek. It is a mixture of wide-ranging homes and culture connected via an excellent transport network. Realtors are interested in investing in this region as the market trends for properties near the waterfront are on the rise.

MBR City:

Mohammed Bin Rashid (MBR) City is going to complete in 2020 and is expected to become the new hot favourite in the real estate market. MBR City is offering a mix of high-& mid-rise apartments, luxurious villas and townhouses to its buyers. Despite not being complete, it is already famous because of the presence of the Meydan Hotel. Moreover, MBR City is a heaven for animal lovers as they have both an equestrian and a falcon centre in it.   

Business Bay:

Business Bay is an area that is expected to soar high during 2020 because of its easy accessibility. The area witnessed an upward trend in the last quarter of 2019 and real estate experts believe that its popularity among investors is going to rise further this year.

City Walk:

One of the most iconic places in Dubai, the City Walk is a great locality for investment, especially for landlords. With the verge of expo 2020, it is going to boom with coming ex-pats due to its strategic location. Therefore, if you are looking for a location to invest that lies in the entrainment hub, then City Walk is the place.  

Bluewater Island:

Home of the epochal Ain Dubai observation wheel, Bluewater island is a man-made island present off-coast of Jumeirah Beach Residence. It is going to open this year, therefore; investors are attracted to it as it’s also the site of UAE’s first Caesar Palace. It is located near Dubai Marina and you can find tons of retail and eatery options on this island.

Dubai Hills Estate:

Dubai Hills Estate is such a location that made a profit even during the market fluctuations of 2019. Because of this reason, it was and still is a popular community for both investors and end-users. The world-class amenities, shopping malls & open outdoor spaces offered here are one of the top attractions for buyers. Dubai Hills Estate is an investment that can weather any market dips.

 

Al Qudra Road:

If you’re looking for top-quality housing in a serene & peaceful environment, the Al Qudra Road is the place attracting millennials. Like a dark horse, Al Qudra Road and its vicinities’ have shot up in popularity because of many ongoing megaprojects like Emaar’s Reem Townhouses. 



Category :real-estate
Author Website : Provident Estate

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