The Dubai property market has been booming since the second half of 2020. From that moment on, demand only grows, as do prices. An increasing number of foreigners are planning to buy property in different areas of the metropolis. In total, there are more than 60 free-hold zones in the emirate, in which foreigners can own housing stock on the basis of full private ownership. Which areas are popular and have prospects?

Jumeirah Village Circle (JVC)

JVC is considered one of the best areas for families with children. This freehold community is located in the heart of Dubai among beautiful landscaped parks.

The area includes several mini-communities connected by parks, while there are different types of real estate: high-rise buildings, villas and townhouses. Most residential apartments offer amenities such as a swimming pool and a gym.

Currently, rental income averages from 6%.

Jumeirah Lake Towers (JLT)

JLT is an area of green parks and artificial lakes, which gave it its name. Around the lakes there are running tracks, bike paths and well-groomed pedestrian areas with alleys, bridges, restaurants, fashion boutiques and beauty salons. Hotels, guest houses and apartment buildings have also been built on the territory of the JLT.

For many tourists, this area has recently become attractive, as a large number of skyscrapers, mirrored facades attract attention and become a good place for photo shoots. The average annual yield in the area is 7%.

Bluewater Island

A new man-made island located opposite the Dubai Marina area. The territory of the island is divided into residential, shopping and entertainment and beach areas. zones. The world’s tallest Ferris wheel, Ain Dubai, is located in the very center, and hundreds of shops and restaurants are located in the shopping and entertainment area.

The area at the base of the wheel is planned to be used as an entertainment cluster and, at the same time, a unique conference venue. A huge LED screen on the structure of the Ferris wheel will create an innovative electronic platform for advertising and television.

It offers beautiful views of the sights of Dubai and the Persian Gulf, and premium services are available to residents. The average rental yield is 6-7%.

Palm Jumeirah

Palm Jumeirah is not just a district of Dubai, it is an artificial island, which is the largest on the planet Earth. In fact, the area itself is a landmark, it can be safely called one of the most famous wonders of the emirate.

The area was named Palm Jumeirah because of the shape of the island, which looks like a palm tree. It is in this area that the most luxurious hotels and restaurants are located, as well as the world’s largest dancing fountain Palm Fountain.

Palm Jumeirah has almost every property in Dubai, from studios to luxury villas. Elite villas are mainly located on the branches of the palm tree, on the trunk of the palm tree there are more multi-storey buildings where you can buy an apartment. Stunning views from the window in almost every property.

Objects in this area are able to bring their owners 5-10% per year.

Dubai Marina

Dubai Marina is one of the most popular areas of Dubai and a favorite vacation spot for citizens. The area is considered the largest man-made bay in the world. People come here to look at beautiful landscapes, developed infrastructure, a large reservoir, where city residents love to ride pleasure boats and yachts.

Dubai Marina can be called one of the most developed and largest areas in Dubai. That is why the area is considered one of the best places for investment. The district generates and will continue to generate some of the best annual revenues, averaging 8%.

MBR

Mohammed Bin Rashid City (MBR City) is an urban area that is a multifunctional facility with properties in Dubai that are in demand among investors. The area is named after the Prime Minister of the United Arab Emirates and the current ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum.

The main feature of MBR City is that it is conditionally divided into four zones, including family tourism, retail, art galleries, as well as an environment for doing business and implementing innovative developments.

The name of the district contains the word “city” due to its scale and huge tourist flow. The average return on real estate investment in MBR City is at least 8%.

Madinat Jumeirah

The area is located on a coastal area of 40 hectares near the Burj Al Arab sail hotel and Wild Wadi water park, and today is the largest resort in Dubai.

The architecture of the area harmoniously combines innovative technologies and oriental traditions of the UAE. Every visitor to the area can admire the fabulous sand-colored buildings with wind towers and forts, between which an azure artificial canal with sea water flows meanderingly.

Buying a property in Madinat Jumeirah is also a good investment as it is expected to reach 8% ROI in the area.

Motor city

Motor City is a unique place for living, working, leisure and entertainment. The development of the area was based on a motorcycle-sport theme. Within the residential quarter there are themed buildings, sports grounds, parks and a motorcycle city with its own autodrome – Dubai Autodrome. It is a Formula 1 theme park.

MotorCity is an excellent residential area that combines well-developed infrastructure and a relaxed lifestyle. This is a great place for both families and young people.

The area is divided into two residential areas – Green Community Common City and Uptown Motor City. As part of residential areas, apartment buildings, townhouses and villas are being built here. ROI in Motor City averages around 8%.

Dubai South

Dubai South is one of several districts in Dubai that have recently received not only rapid development, but also a new name in addition to a complete rebranding. Following an expansion and rethinking of the area concept, Dubai World Central has been renamed Dubai South and is now one of the main strategic locations in the overall master plan for the development of Dubai.

The main difference between such areas is an affordable price combined with high quality housing. The return on investment is 5-6% ROI, where the highest profitability is generated by studio apartments. As for villas, this figure is about 5% per year.

Dubai Hills

Dubai Hills Estate is a mixed-use development that is a joint venture between Emaar Properties and Meraas Holding, two holding companies. This is the first phase of the construction of the MBR City area

The total building area is over 11 million sq.m. Most of the area is dedicated to extensive landscaped parks and gardens, open areas and bike paths. Dubai Hills is very popular with families with young children as the area has schools, an extensive park with playgrounds, a volleyball court, a tennis court, a skate park and other activities.

When buying property in Dubai Hills, the return on investment is from 4-5% per annum.

Downtown

The Downtown area is the heart of Dubai and the largest construction project in the emirate. Here are the main attractions of the emirate: the tallest building in the world – Burj Khalifa, the largest shopping center in the world – Dubai Mall, the world’s largest singing and dancing fountains of Dubai.

This area is rightfully considered one of the main places for entertainment. Due to its favorable location, the city center is filled with residents, tourists and businessmen throughout the year. Real estate in the center of Dubai provides high rental yields, starting at an average of 6%

Business Bay

Business Bay is one of the most fashionable areas in Dubai. This is an area of five-star hotels and office centers. Business Bay was built on the principle of Manhattan in New York, and is rightfully considered the financial center of the entire emirate.

Business Bay is a great place to invest in real estate in Dubai. Thanks to first-class facilities and services, life in the area attracts more and more people every year.

Return on investment when planning to rent an apartment starts from 6% per annum.

City Walk

City Walk is a relatively new residential area in Dubai, built on a “city within a city” principle. It is located in the Al Safa area on Al Wasl Road, not far from the main Sheikh Zayed Road.

Despite the huge list of entertainment, it is quite quiet and not crowded here, because cozy low houses are being built here. There are a lot of paths for the promenade and recreation areas in the area.

The construction of City Walk was carried out by the well-known developer Meraas. To diversify the appearance of the community, more than ten well-known artists from different countries were invited. They were able to create real masterpieces of street art that attract tourists from all over the world.

If we talk about rent, then the highest ROI is demonstrated by 1-room apartments – more than 6% per annum.

Dubai Creek Harbour

A new residential and commercial development area located 10 minutes drive from the center of Dubai. The community, located close to the Ras Al Khor Conservation Area, is an exquisite waterfront project created by top developers Emaar and Dubai Holding.

Overlooking Dubai’s historic bay, Dubai Creek Harbor offers a self-sufficient community with plenty of lodging options to choose from. It is located by the Laguna and is home to a large number of shops, homes and offices.

On average, the return on investment starts from 4-5% per year.

Damac Hills

This community is famous for its townhouses and villas, although you can also find apartments overlooking beautiful parks. Here you can find Hollywood-style villas, for the construction of which the creators were inspired by the architecture of Beverly Hills.

Residents of this community will not have a question about what to do in their free time, because there are a large number of entertainment spaces. The main attraction is Trump International Golf Club. The club is the first of its kind in the Middle East.

Property owners are guaranteed a return on investment of 5% per annum.