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Where to buy property in Dubai

 

 

 

 

Dubai Property Market
 

The Dubai property market has seen a real resurgence in the past 18 months, making this the ideal time to invest here. Dubai has now become one of the world’s best performing markets with over 20% price growth in 2013 alone, while investment hotspots like Dubai Marina saw real estate values rise by over 25% during the same period. Properties in Dubai now outperform cities like London, New York and Paris, offering investors far higher returns for their assets. Select Property offer properties for sale in the most luxurious developments, including No.9, West Avenue, The Torch and Bay Central, which are in the most sought-after locations in Dubai.

 

 

Dubai Property Hotspots
 

Similar to cities like London and New York, where specific districts are more in demand than others, Dubai has Dubai Marina, Downtown Dubai, The Palm and Jumeirah Lake Towers. In the last year, these areas have shot up in popularity and have strong occupancy rates and rental returns as a result, all of which is excellent news for investors.

 

 

Dubai Marina

 

Dubai Marina, in particular, is a thriving area and a property investment hotspot, offering exclusive living on the waterfront in a self-contained community. Capital appreciation in this district remains considerable and it provides consistent rental returns of up to 12% paid up front. Now is the time if you’re looking for properties in Dubai as it offers some of the highest rental returns in the world.

 

Average annual apartment rental values: Dubai Marina (in 000’s)
Studio:   Dh40 - Dh70
1-bed:   Dh50 - Dh100
2-bed:   Dh75 - Dh180
3-bed:   Dh100 - Dh250
4-bed:   Dh150 - Dh370
(Source: Gulf News Rental Index)
 

The most popular projects in Dubai Marina (from investment point of view) are;

 

 

 

The Palm Jumeirah

 

Self-declared the ‘Eighth Wonder of the World`, The Palm Jumeirahis arguably Dubai’s most exclusive location. The huge palm shapedcollection of islands stretches 5 kilometres out into the Persian Gulfadding an incredible 520 kilometres to Dubai’s coastline. The wholeisland has been designed to create the ultimate lifestyle destination,hosting a wide spectrum of world-class attractions and beachfrontproperty.

 

Properties on the Palm Jumeirah range from studio apartments to6 bedroom signature villas, all of which are completed to a very highstandard. Properties on this island are inherently favoured as holidayhomes due to their exclusive beach front location and close proximity toa wide range of attractions. Due to their prime location, property priceshere are significantly higher than elsewhere in Dubai and over expensivein many cases. That said the rental values here are also higher thanaverage, inflated by the premium prices of short term holiday lets.Whether it’s swimming with dolphins at Atlantis or visiting exclusivenightclubs, exploring designer shops, sampling the cafés of the GoldenMile, or seeing the famous Cirque du Soleil there is always somethingto do on the Palm Jumeriah.

 

The island’s wide spectrum of attractionshas made the palm a world renowned tourist destination that attractsa significant level of visitors every year. As a result the Palm appeals toa different type of buyer that is usually more influenced by the lifestyleaspect of the purchase opposed to its investment credentials.The Palm Jumeirah benefits from its own dedicated monorail systemand road network that services the whole group of islands. This makestravel around the Palm itself relatively quick and hassle free. Howeverthe Palm Jumeirah is more isolated and can be difficult to access fromthe mainland making travel to the rest of Dubai a little inconvenient.

 

Average annual apartment rental values: Palm Jumeirah (in 000’s)

1-bed:   Dh70 - Dh130

2-bed:   Dh90 - Dh175

3-bed:   Dh110 - Dh270

4-bed:   Dh190 - Dh350

(Source: Gulf News Rental Index)

 

 

Pacific

 

Pacific is a £200 million project, boasting excellent views and luxury living and featuring a mix of studios, one and two-bedroom apartments, duplexes and Gulf Suites all finished to a superior specification. This award-winning UAE property development is located in a prime position on Al Marjan Island, Ras Al Khaimah (RAK).

 

Currently over 85% sold and building work progressing well, Pacific offers a rare opportunity to secure a great UAE property investment at far lower prices than in Dubai.

 

 

Ras Al Khaimah Property for Sale Overview

 

Emerging from the shadows of Dubai, RAK’s increasing tourist numbers and growth plans present year-round rental opportunities and capital growth potential.

 

The northernmost region of the United Arab Emirates (UAE), RAK – with its white sandy beaches, lush green plains and dramatic mountain ranges – has been growing in popularity among tourists and property investors, assisted by the opening of the Waldorf Astoria RAK in October 2013 and Hilton’s plans to open three new hotels in the region to capitalise on its potential growth.

 

Although it is less known than its famous neighbours Dubai and Abu Dhabi, this is set to change as RAK establishes itself as a premier holiday destination will result in Ras Al Khaimah properties becoming highly sought-after by investors.

 

 

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