The real estate development has been in a boom in Asia since the last decade. Investors have been keen on watching potential property investments that can net them profits. Dubai is one of the hottest real-estate investment spots right now due to the friendly policies for foreign investors.
With the rapid pace of development, you can find a lot of possible investment interest in real estate, which makes you ask, “What kind of Dubai property should I put my investment into?” Here are some of the best real-estate properties to invest right now in Dubai.
1. Residential Community Properties
A lot of housing communities have been built in Dubai in recent years. This is to accommodate the fast pace of the growing Dubai population. It is currently one of the fastest-growing cities on the planet. One of the reasons why the need for residential community properties such as Bur Dubai and Abu Hail is the increasing amount of ex-pats in the city. This trend is expected to continue through the new decade.
Residential communities, such as Deira is known to be pretty cheap and manageable. Also, communities like Downtown Dubai adds the element of entertainment in their communities, such as dining and nightlife. You can spend less on your rent without missing the best views of the city.
2. Leisure and Entertainment Properties
Dubai also pumps up the effort for the development of entertainment attractions. Most entertainment properties are parks and resorts, which anyone can enjoy. Besides, there are also mega theme parks for Hollywood and Bollywood qualities. Big and small companies started developing attractions that are expected to be finished this decade.
One of the main players in the leisure and entertainment industry is Dubai Parks and Resorts. Some attractions are themed with different famous pop references such as Shrek, Kung-Fu Panda, and How To Train A Dragon franchises. A total of 20 million annual visitors are expected to visit this 2020.
3. Residential Luxury Properties
Residential luxury properties are also in the rise these past years in Dubai. Most properties being developed are situated in the most scenic areas of the city and is directed for the professional market. You can find almost anything that you need to live a great and modern lifestyle. Access for different amenities is also astounding.
The best luxury property providers right now are Jumeirah Lake Towers (JLT), Palm Jumeirah, and Dubai Marina. Most of these communities are situated on the waterfront and has spacious hotels, apartments, and even villas. Great eateries are strategically placed inside these thriving communities.
If you’re looking for real estate investment opportunities in Dubai, now’s the time to start. You can buy a property for investment or residential purposes. A lot of options are already in the market, and it is still growing. There is a 6-7% annual rental return on average right now, so start investing in Dubai properties right now.