When considering luxury real estate investments, many countries come to mind. However, you won’t find a better place than Dubai. Dubai has established itself as the East’s commercial hub. That is why it is one of the best-performing investment destinations across the globe. As per the reports, for the first time in six years, property prices in Dubai have risen. As a result, many real estate investors are asking themselves what are the best areas for real estate investment in Dubai.
In recent years, Dubai has become the apex of modern architecture. It is known for its aggressively modern styles infused with Islamic culture. It is home to iconic structures like the Burj Khalifa and the Dubai Creek Tower. Since it is a modern city with wealth and visionary people, Dubai is the ideal spot to invest in real estate in 2022. And to make the search easier for you, Elate has brought the best Property Management Software, especially for Dubai. It is an easy-to-use tailored software for every property type.
However, before knowing more about Real Estate Software Dubai, let’s take a tour of some of the top places to buy property in Dubai. Scroll down to get a detailed view of these locations:
1) Palm Jumeirah
Palm Jumeirah is one of Dubai’s most well-known areas that is a perennial favorite for real estate connoisseurs. Since Palm is an upscale location with diverse projects, it is one of the most reliable places to invest in Dubai real estate. It offers tons of villas, beach resorts, and independent houses to purchase. Apart from that, in the real estate market, an artificial archipelago built in the shape of a palm tree holds a prestigious status.
While purchasing a property, not only local investors but also investors from around the globe dream to have a high-end property here. You can opt for 4 or 5-bedroom villas here packed with amenities depending on your budget. As a result, you will get all the luxury in these villas from centralized AC to the gym area. You name it and they will have it. Also, the average cost to buy a 4-5 bedroom villa is AED 15M in Palm Jumeirah.
2) Dubai Hills Estate
Dubai Hills Estate is one of the best and most amazing areas to buy villas in Dubai. This location offers a high level of comfort and convenience that fulfills the expectation. It is carefully crafted around a spectacular 18-hole championship golf course. This place comprises buildings that match international standards. It is also famous for being one of the most family-friendly neighborhoods.
Real Estate experts count this area as one of the fastest developing areas. That is why it is a perfect location if you are looking for a high-end villa in Dubai. The variety of properties available here such as apartments along with recreational facilities and high-end villas. Apart from that, the neighborhood has some of the best supermarkets and malls. The average cost to buy a 4-5 bedroom villa is AED 6.2M in Dubai Hills Estate.
3) Dubai Marina
Dubai Marina undoubtedly comes under the top five best areas for real estate investment in Dubai. With all the facilities, amenities, and entertainment options, it is a stunning waterfront location that is a desirable mix of high-rise apartments. With Dubai’s real estate investors, the abundance of retail and dining outlets has made it an eternal favorite. As a premium residential district in the city of gold, Dubai Marina is not far from challenging Palm Jumeirah.
If you don’t know, Dubai Marina has been termed New Dubai which offers an opulent lifestyle in the city. This place shares great proximity with Dubai Internet City, top-ranked universities, and Dubai Media City. To design the plots in this location, the builders have used state-of-the-art technology that makes it spectacular. The average cost to buy a 2-3 bedroom villa is AED 3M in Dubai Marina.
4) Damac Hills 2
Damac Hills 2 was formerly known as Akoya by DAMAC. Located in the vicinity of Al Qudra lakes, it is the most popular area to buy villas in Dubai. As this area offers an eco-friendly lifestyle, it is very popular amongst investors and homebuyers. Interestingly, it is the first green residential community in Dubai. It has become the talk of the town because it is currently one of the cheapest places to buy property in Dubai.
With incredible supermarkets, restaurants, and beaches, it is the perfect residential spot to invest in. From lavish villas to luxurious apartments, you can find plenty of choices in this neighborhood. It is an eco-friendly and well-planned neighborhood. And in the coming years, we can expect it to grow even more. The average cost to buy a 5-6 bedroom villa is AED 2.6M in Damac Hills 2.
5) Arabian Ranches
The next on our list of best areas for investment in Dubai property in Arabian Ranches. Over the years, it has seen a distinct increase in interest among those looking to invest in Dubai. The swanky villa community of Dubai features extravagant buildings along with luxurious amenities. From private landscaped gardens and professional security to barbeque space and covered parking space, it offers all the amenities.
Its tranquil surroundings are one of the major reasons why investors should consider investing here. The stunning attractions such as Dubai Autodrome and Dubai Miracle Garden are also nearby this location making it an ideal location for investment. The average cost to buy a 5-6 bedroom villa is AED 9.7M in Arabian Ranches.
6) Downtown Dubai
Downtown Dubai is home to the tallest building in the world, the Burj Khalifa, Souk Al Bahar, and the Dubai Mall. Located in the northern zone of the city, it is known for the luxury high-rise apartments in the heart of Downtown. The Burj Khalifa is one of Dubai’s most popular tourist destinations, thus the area’s appeal is sure to endure.
With its defining structures, gorgeous promenades, and pedestrian-friendly footpaths, it stands out from other neighborhoods in the city. You can find a great range of villas, high-end apartments, and townhouses amidst luxurious shopping malls and the Dubai Fountain. The average cost to buy a 2-3 bedroom villa is AED 4.9M in Downtown Dubai.
What is the use of Property Management Software for Real Estate Investment in Dubai?
Property managers use Property management software across the globe to accomplish their properties and day-to-day tasks. This one-dimensional approach brings property management to the next level. From handling units to dealing with maintenance to managing employees, Real Estate Software Dubai supports everything. This includes accounting, maintenance, report features, review, and communication. Not only does it assists the Real Estate Management team to manage tools, but also saves a lot of time and money.
Conclusion:
Dubai is a prime choice for real estate investment because of favorable tax conditions, low crime rates, higher rental yields, and solid infrastructure. Besides these six prime locations, you can look up other areas of Dubai as well. All you need to do is get in touch with a reputable agent. And with the help of Property Management Software, they will guide you according to your budget and preferences.