The most profitable areas for investment in Dubai in 2024

The emirate is recognised as the investment hub of the Middle East and a place with the most secure investment environment in the entire region. Approximately 85% of Dubai’s population consists of foreign citizens. Moody’s and S&P agencies note that the emirate’s investment attractiveness is stable and has a positive outlook.

The advantageous geographical location, rapidly developing trade and technology segments, and a large number of business incentives attract major companies from the S&P 500.

In this article, we will explore the best areas in Dubai for real estate investments.

Content:

• List of investment areas and their overview
• Downtown Dubai
• Business Bay
• Jebel Ali
• Dubai Marina
• Jumeirah Village Circle
• New investment opportunities
• Choose real estate in Dubai with us

List of investment areas and their overview

Here are the key indicators of the Dubai real estate market:

• Average rental yield is 5–8% per annum.
• Competitive prices compared to other metropolises, including the premium segment.
• 100% ownership rights for foreigners in freehold areas.
• High liquidity of assets.
• State protection of investor capital.
• Real estate investments serve as proof of the investor’s creditworthiness when seeking loans from the emirate’s banks.

The area is one of the most crucial factors when choosing a property. Below, we will discuss the most interesting locations.

Downtown Dubai

The emirate’s centre, formerly known as Downtown Burj Dubai, is located on Sheikh Zayed Road adjacent to Business Bay. The DIFC financial hub, the Jumeirah 1 beach community, and Meydan Racecourse are all within a 15-minute drive.

The community ranks among the top 3 areas for renting luxury apartments, with consistently high demand for real estate. The district is predominantly high-rise, but in some projects, podium villas can also be found.

Here are the average prices in the area:

• Rental prices for studios and 1-bedroom apartments range from $15,000 to $109,000 per year. The average price varies between $23,000 and $36,000.
• Penthouse rentals can cost over $500,000 per year.
• The most affordable 42 m² studio is priced at $204,000.
• The average price for 1-bedroom apartments is $526,000. The most modest penthouse is priced at $1.09 million. A small villa will cost approximately the same.

Business Bay

Business Bay is one of the emirate’s primary business districts, stretching along Dubai Canal. It is 5–10 minutes away from the city centre. The community attracts a substantial number of foreign professionals and entrepreneurs and is also one of the most popular places to rent premium apartments. Here, you will find numerous 5-star hotels, offices, shops, and restaurants.

The district is renowned for its skyscrapers, but detached homes are also available. Interesting projects include Marasi Floating Villas and The Sky Villa.

The average prices are as follows:

• Price per 1 m² is $5,020.
• The average purchase price is $408,500.
• The average rental rate is $33,000 per year for 1-bedroom apartments.
• The most expensive apartments can be rented for $408,500 per year.
• The cost of purchasing penthouses can reach $204 million.

Jebel Ali

Jebel Ali, formerly known as Mina Jebel Ali, is a mixed-use district divided into commercial, industrial, trade, entertainment, and residential areas. It is adjacent to the Dubai Investments Park community. Al Maktoum International Airport and Dubai Parks & Resorts are nearby.

The community contains:

• Jebel Ali Port, the world’s ninth busiest port and the first port in the Middle East.
• Palm Jebel Ali artificial archipelago.
• Industrial zone.
• Jafza free economic zone, contributing 23% to Dubai’s GDP. It houses over 7,000 companies specialising in trade, logistics, industry, and services.

The most popular real estate clusters in the area include:

• Jebel Ali Hills;
• Rove At The Park;
• Garden View Villas;
• Al Muntazah Complex.

The area predominantly offers studios, 1–2-bedroom apartments, and 3–4-bedroom villas and townhouses. The price range is as follows:

• The average cost of renting a studio is from $7,000 per year.
• Renting a 1-bedroom apartment will cost around $9,500, and a 2-bedroom unit – $12,500.
• The average selling price of studios and 1- and 2-bedroom apartments ranges from $120,000 to $953,000.

Dubai Marina

Dubai Marina is one of the most famous communities in the emirate, featuring beaches, skyscrapers, and a yacht marina. It consistently ranks among the popular locations for renting luxury apartments. The city centre, Jumeirah Lake Towers, Dubai Media City, and Jebel Ali with developed economic infrastructure are all within a 10–20-minute drive. The advantageous location attracts both entrepreneurs and well-off tourists.

Prices are as follows:

• The average rent for a studio is $19,000 per year, for a 2-bedroom apartment – $42,000, and for a 3-bedroom unit – $67,500.
• Villa rental prices range from $53,000 to $762,500 per year.
• The average purchase price per 1 m² is $4,920.
• The average cost of 2-bedroom apartments is $644,000.

Jumeirah Village Circle

Jumeirah Village Circle is a self-contained community with over 2,000 residential units, including apartments, villas, and townhouses. It is located near Dubai Marina, Internet City, Media City, and JLT. Investors show a high interest in the community due to favourable property prices and excellent infrastructure.

The area is designed for foreign citizens with large families. There are numerous water features and green spaces, over 30 parks, Circle Mall, 3 nurseries, JSS International School, several clubs for active leisure, and a plethora of family entertainment establishments.

• The average annual rental price for a 2-bedroom apartment is $19,500.
• Renting a 3-bedroom villa will cost around $29,000 per year.
• A 2-bedroom apartment can be purchased for $305,000,
• A 3-bedroom villa will cost an average of $552,500.

New investment opportunities

In conclusion, let’s list several promising destinations for buying and renting property that are gaining popularity among investors.

• Dubailand is among the fastest-growing areas in Dubai. Here, you will find the Al Habtoor Polo Resort & Club, the IMG Worlds of Adventure amusement park, tall towers, and clusters of villas and townhouses.
• Barsha Heights, previously known as Tecom, is home to the offices of many Fortune 500 companies, including Microsoft, HP, BBC World, CNN, and Reuters. The community actively attracts IT industry professionals and representatives of medium and large businesses.
• Dubai Investments Park is a modern and affordable area just 10 minutes away from the Expo 2020 site and Jebel Ali Industrial Area.
• Dubai Production City is a special economic zone with affordable residential real estate and a high return on investment of up to 8.9% per annum.
• Jumeirah Golf Estates is a high-end residential cluster with 2 golf courses hosting the DP World Tour Championship.
• Al Furjan is a lively area with apartments, villas, townhouses, and a 40 km cycling track. Here, you can find quality real estate at an attractive price.
• Mudon is a gated community with villas, townhouses, and a small number of apartments. It offers residents a pleasant family atmosphere and a well-established infrastructure for living.

Choose real estate in Dubai with us

Start your search for real estate in Dubai today to make a profitable investment and acquire a great place to live and relax. Our experts will assist you in finding a property that not only matches your preferences but also ensures the highest returns. Submit your request, and we will contact you as soon as possible.