Dubai is on the central stage for real estate investment destination opportunities which remain buoyant in this city. At MAP Real Estate, we are a reputable agency in Dubai, which allows us to identify the market’s promising zones. In addition to the hot spots, we reveal the perspective area within the given country featuring a potentially solid ground for further development.
It is possible to capture such areas early and buy properties at relatively cheap prices before the prices start to rise with physical development and population density in the next 5-10 years. Our market research and localized knowledge enable us to identify the most lucrative areas of investment to focus on for the increase in value of the asset base and rental returns.
Here in this blog, we have provided our pick of the top 9 emergent places in Dubai that investment strategies should consider right now. We also focus on the investment angle of venturing into the neighboring emirate of Ajman which we identify as offering a value proposition that fits in well with that of Dubai.
Criteria for Selection of a property:
While creating this list our team looked at the tendencies in particular regions, to determine the areas prone to significant changes and growing investment in the following years. Specific factors that our Real estate consultants in Dubai evaluated include:
- Growth Potential: Such locations include, a location with key development prospects, an area with an increased expected population, and vastly improved infrastructures that generally experience an uplift in property prices.
- Accessibility: Main business districts and attractions such as theme parks enhance the investment value of an area.
- Government Support: New regulations, free zones, and other measures show what directions the authorities are interested in.
- Affordability: The involvement of balance between a reasonable price and a high return on investment opportunity.
By comparing locations based on these factors, we have identified those that are likely to grow to the highest levels. We have the internal as well as external resources required to forecast which type of properties will be most lucrative in these districts.
Top 09 Up-and-Coming Areas in Dubai:
Dubai South:
Even though it is already home to the new mega airport in Dubai-Al Maktoum International Airport and the enormous Expo 2020 venue precinct, this new city is already unmistakably a hub. There is further progress being made around the DWCC and Expo location in Dubai.
MAP Real Estate, which is an investment consultancy firm is at the moment promoting good investment opportunities that are apartments in Dubai South; there are studio units and elegant villas. Under its location and business district perspective, Dubai South will most definitely be a wise investment.
Al Furjan:
Al Furjan is one of the favorite residential areas for families in Dubai as it has a convenient connection to Sheikh Zayed Road and Ibn Battuta Mall. Its investment potential is being boosted by ongoing improvements to infrastructures.
MAP Real Estate believes that Al Furjan will be a stable market with its occupancies still largely by first homeowners. Prospective tenants seeking rental yield will benefit from the sizable apartments, and multi-tenanted townhouses that are currently available in the community.
Dubai Marina Phase II:
Dubai Marina offers residents and tourists the best of both worlds, a sophisticated waterfront experience coupled with incredible gastronomical destinations and shopping darlings. Phase two moves even more to the East of the community area as shown on the map.
MAP Real Estate’s conclusion reveals that the master-planned community provides an opportunity for property value, with a higher growth rate than other areas. We believe that the latter part of Phase II will become as popular as what currently exists, more so with increased additional features.
Jumeirah Village Circle (JVC):
The JVC is situated in an area that combines the convenience of suburban living with the proximity to main highways needed for the rapidly developing communities of the Middle East. This is because JVC being relatively stable, it suits longer investment time horizons.
MAP Real Estate provides properties for sale for investors who would wish to access these products that JVC offers in terms of cheap prices but with social amenities. They therefore attract tenants with children because of the enough space for children to play within the compound.
Mohammad Bin Rashid City:
The concept of Mohammed Bin Rashid City is to establish it as the wealthiest area of the city comprising elite residential property, lavish hotels, and high-end shops and retail outlets.
MAP Real Estate predicts it to undergo rapid growth in the future years. Economical investors should invest in property right from time so that they won’t be discouraged by the reviewed high costs later. Luxury market expansion will further solidify that mansions and penthouse units will continue to deliver the highest return over time.
Al Khail Avenue:
This new high-end business strip emerged on Al Khail Road, which was inspired by the commercial prominence of Al Quoz’s Warehouse district. Penthouse office, retail, and residential spaces by A-listed developers, Al Khail Avenue will connect working, shopping, and living. Among all these projects, MAP Real Estate in particular joined the collaboration on an ultra-luxury commercial tower.
DIP (Dubai Industrial Park):
Having been earmarked by the government for even more robust development over the next few years, DIP is being transformed into a modernized industrial zone. Moreover, industrial spaces in DIP are stable rental income generators because commercial and residential activities cluster around this district. MAP Real Estate has most recently entered into a forward purchase agreement for an industrial facility within DIP.
Arabian Ranches III:
A new phase of this successful Arabian Ranches offers family-oriented townhouses and villas. Located adjacent to protected nature areas at the Emirates Road, Arabian Ranches feature proximity to schools, malls, and leisure destinations. MAP Real Estate online assures early investors of limited and exclusive townhouse units.
Business Bay:
Ongoing and proposed projects with luxurious apartments, hotels, and offices under construction, Business Bay is experiencing robust development as a dedicated economic and entertainment commercial center. MAP Real Estate markets residential units at fairly cheap prices through negotiation with developers in Business Bay.
Why is Ajman the best alternative option for Investment?
Apart from Dubai, we also observe Ajman as another market with the potential for being incorporated into property investment since it is relatively cheap. Ajman is also far less recognizable than Dubai, however still has its attraction as one of the cheapest cities in UAE. Its own network extension strategies will also help increase Ajman’s visibility while also targeting value adders on structures.
It also means investing in properties around the Corniche, Al Jurf or even the Ajman Downtown area are considerably cheaper than what you would find in Dubai. However, when factoring lower cost of living in Ajman along with anticipated growth in retail, hospitality, and residential investments, investors can expect sizeable income returns here.
Incorporation of selected Ajman properties into MAP Real Estate’s portfolio only occurs when the profitability prospects of such properties meet our analysis. We relate our clients to inventory that meets their desired risk-return profile and their portfolio strategies within both emirates. Some recent research points out that achievable capital appreciation in the region is in the range of 20 to 25 percent per 3 years.
Let MAP Real Estate Guide You!
This comprises our analysis of the top nine emerging markets fit for investment in Dubai together with additional suggestions on the Ajman market. The layout of Dubai changes frequently – what looked like a rather unremarkable area today may become the city’s most popular region tomorrow. Our sector experience enables individuals who invest to make rational choices and get in at the right time before the neighborhoods turn crowded. Call us today and discover more about Dubai Real Estate Markets and how you can start investing in UAE’s property market!
