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If you are willing to invest in Dubai, here is everything that you must know.
Before we get down to how and where to invest in Dubai, it becomes equally important to understand why consider investing in Dubai. Dubai is a tax free city i.e. that there is no income or capital gain tax. Also, the place is a hub for tourists and its moderate weather makes it a perfect place for those who wish to visit and stay in Dubai. The real estate market in Dubai is booming and offers a good return on investment. Also, residential investments in Dubai gain high rental returns for investors and are a popular choice.
So now if you are ready to make an investment in Dubai, here are the places you must consider:-
Palm Jumeriah in Dubai is very popular, its classy location and exclusive projects have made it a prevalent business destination for real estate investors. It is considered as one of the fastest growing locations in Dubai and was ranked the 2nd highest for move-in rates in 2015. Palm Jumeriah is popular for buying both luxury villas and apartments. A 5-bedroom villa in the area will cost 16.5M,
4-bedrooms will cost around AED 9.2M and 3-bedroom will cost an average of AED 6.2M. The popularity of Palm Jumeriah is the real-estate market makes it an ideal choice for anyone looking forward to real estate investment in Dubai.
Second in the list of popular real estate investments in Dubai is another waterside location; Dubai Marina. High rise apartments, beautiful dining outlets, and pavilion villas have made it the most favorite amongst real estate investors. Many people on short business trips prefer to stay in Dubai Marina. Apart from being a beauty, Dubai Marina is located near to the business offices in Dubai Internet City and Dubai Media City. All these features make Dubai Marina a good choice for real estate investors.
Downtown Dubai is the home to the famous Burj Kahifa, Mohammed Bin Rashid Boulevard and the Dubai Mall. This area is well-known for luxury rise apartments. It is one of the most visited tourist destinations and has great potential as a real estate investment.
Barsha Heights earlier known by the name TECOM is a host to around 500 multinational companies in Dubai such as Microsoft, CNN, HP, BBC, CNBC and more. The area has ample of residential buildings and hotels, suitable for anyone to invest in Dubai. Barsha Heights is also popular amongst investors because it is located in the heart of 'New Dubai' and is considered a business hub.
Dubai Sports City was launched in the year 2003 as Dubai's sports center, hosting academies in cricket, golf, swimming, football, and rugby, etc. The center is close to the much anticipated Expo 2020 pavilion and is, therefore, a favorable choice for investors. A large number of investors are expected to arrive in Dubai for the Expo 2020.
The Springs is the part in Dubai where only Emiratis Live and is one of the most favorable choices due to the amazing range of recreational facilities and a quiet neighborhood. The average price for a 3-bedroom villa at The Springs may cost up to AED 2.3M while 4-bedroom units may cost up to AED 2.7M.
I hope now you have a clear idea of the properties in Dubai where you can invest your hard earned money. Investing in Dubai and that too in real estate will definitely bring you financial security and high return on investment plans in UAE. In case you feel doubtful to invest in Dubai, consulting a real estate firm is always a good idea.
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