Many countries come to mind when considering luxury real estate investments, but if you’re serious about it, you won’t find a better place than Dubai. Dubai is one of the best-performing investment destinations in the world, and it has established itself as the East’s commercial hub.
According to data from the Dubai Land Department, property prices in Dubai have risen for the first time in six years, and real estate market activity has increased. With the property market generating renewed interest, many current and potential real estate investors are asking themselves, “What are the greatest regions or locations to invest in?”
Dubai has become known as the apex of modern architecture in recent years, with its aggressively modern styles infused with Islamic culture. Dubai is the ideal spot to invest in real estate in 2022 since it is a modern city with wealth and visionary people.
Also Read: 10 Reasons to Invest in Dubai Real Estate
Best Places to Invest in Dubai Property
There is no other city in the world quite like Dubai, which is home to iconic structures like the Dubai Creek Tower and the Burj Khalifa. Let us take you on a tour of some of the top places to buy property in Dubai. Explore these locations to pick the one that best suits your needs and budget.
1. Dubai Marina
Dubai Marina is a bustling corporate district with towers that soar into the sky. It has continuously been listed as one of the most searched places for the property since 2011, according to Property Finder. Many people who travel for business or for a short period of time opt to stay at Dubai Marina.
2. Palm Jumeirah
Palm Jumeirah is another popular location for real estate investment in Dubai. Because of its steady development, magnificent developments, and upmarket position, it is one of the most sought-after destinations. There’s no reason not to explore this location for property investment, especially with projects like Palm Beach Residence and Raffles on the horizon.
3. Downtown Dubai
The Burj Khalifa, Mohammed Bin Rashid Boulevard, and the Dubai Mall are all located in Downtown Dubai. This neighbourhood is noted for its high-rise apartments. It is one of the most popular tourist attractions and offers excellent real estate investment opportunities.
4. Jumeirah Village Circle
It’s no wonder that Jumeirah Village Circle is still quite popular with investors, given its excellent position between Dubai Marina and Jebel Ali. AED 740,000 for a one-bedroom apartment and AED 1.1 million for a two-bedroom flat, making it slightly cheaper than Palm Jumeirah and Downtown Dubai.
5. Business Bay
Business Bay, Dubai is a wonderful development in Dubai’s core, with a well-equipped infrastructure for encouraging businesses, trade, and luxury living. Because of its unique location near to the DIFC, freehold zones (where foreigners can purchase and rent property in Dubai), and the world’s tallest tower, The Burj Khalifa, it is a great destination for investment in Dubai.
Also Checkout: How to Be Sure of the Value of a Real Estate Property?
Please let us know if you know there is any other area to invest in Dubai property this year in 2022.