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The most popular areas to invest in Dubai’s real estate market

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August 1, 2024
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Are you looking for a lavish villa or a cosy apartment to buy in Dubai? There are many areas in the city where you can find lucrative properties to invest in. With the market now favouring buyers, the time is perfect for those seeking the best areas for property investment in Dubai.

Why Should You Invest in Dubai?

When it comes to properties for sale in Dubai, there is no city like it. It is home to impressive skyscrapers, vast palm tree-shaped islands and numerous world-class villa communities. Offering an unparalleled lifestyle, it is also one of the safest cities in the world. But people often ask whether buying property in Dubai is a good idea?

Thanks to the presence of a plethora of futuristic, cosmopolitan projects and uniquely designed residential communities, the emirate is a haven for investors.

While some of the areas listed in our article may seem a little on the higher side in terms of budget, their overall prospects for development make them the best areas for property investment in Dubai.

According to Bayut & dubizzle’s Q3 2021 Dubai property sales market report, growth and demand of the properties in Dubai continued into the second half of the year.

Let’s start our guide with the most popular areas to buy apartments in Dubai.

Dubai Marina ranks first on the list of most popular areas for property investments in Dubai. It’s a stunning waterfront location awash with facilities, amenities and entertainment options.

Dubai Marina has a desirable mix of high-rise apartments. The abundance of retail and dining outlets has made it an eternal favourite with Dubai real estate investors. Emaar’s Bluewaters Island project also points to the location’s long-term allure.

The asking prices for apartments for sale in Dubai Marina have remained more or less stable. The ROI for the flats in Dubai Marina stands at 5.80%. Those looking to invest in Dubai should snap up these properties whilst the prices are still favourable.

  • The average price for studios for sale in Dubai Marina is AED 754k.
  • 1-bedroom flats for sale in Dubai Marina are going for AED 1.2M on average.
  • Spacious two bedroom apartment for sale in Dubai Marina cost AED 1.8M on average.
  • 3-BHK flats for sale in Dubai Marina average at AED 3M.

Dubai Silicon Oasis

Dubai Silicon Oasis is one of the best areas for property investment. The area is popular among investors and home buyers interested in affordable apartments for sale in Dubai.

Dubai Silicon Oasis is a sought-after neighbourhood with plenty of commercial spaces available along with amenities such as parks, restaurants, schools nearby and hospitals and clinics.

DSO started as a hub for tech start-ups but quickly grew into a buzzing residential district. Those looking to live in Dubai Silicon Oasis will be spoilt with an array of property types to choose from. The ROI for investing in Dubai Silicon Oasis is 6.82%.

The apartments in Dubai Silicon Oasis range from cosy studios to roomy 3-bedroom apartments. This makes it ideal for all residents, from young professionals to families.

  • Cosy studios for sale in Dubai Silicon Oasis has an average sale price of AED 327k.
  • The asking price for 1-bedroom flats for sale in DSO is AED 473 on average.
  • An airy 2-BHK apartment for sale in Dubai Silicon Oasis has an average asking price of AED 801k.
  • 3-BHK flats for sale in DSO costs AED 1.1M on average.

International City

International City is another excellent option to buy property in Dubai. It’s one of the best areas to buy apartments in Dubai at an affordable price. It is an “International City” in the truest sense of the word and is home to country-themed building clusters. The district is known for its distinctive architecture.

International City features numerous country-specific residential districts and retail outlets. The community’s first phase includes these country-inspired individual districts:

  • China District
  • England District
  • France District
  • Greece District
  • Spain District
  • Morocco District
  • Italy District
  • Emirates District
  • The Central District
  • The Forbidden City
  • The Lake District

Located near Al Warqa’a and the Global Village, across from the Dubai Central Fruit and Vegetable Market, International City IS spread over 8.2 sq. km. The affordability and the amenities on offer make this area one of the best places to buy property in Dubai. The ROI for investing in the area is an impressive 7.52%.

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