Dubai's Real
Estate market has significantly recovered and property prices have grown since
2013, even in 2014 the price is up by 20%, as per property market experts.
While Dubai Marina and Palm Jumeirah are at the top of the buyers list, there
are other areas that are gaining popularity.
Most popular
areas in Dubai for buying property:
Dubai Marina: This vibrant waterfront community has topped the list
for last 2 years. Dubai Marina's free spirited atmosphere, luxurious apartments and the world's largest
marina and the world class facilities make it the first choice among
expatriates.
Palm Jumeirah: This true marvel of engineering has been able to retain
its place as a preferred destination for home buyers and investors.
This man-made Island has been in the spotlight globally for its
uniqueness and the luxury it offers to its residents.
Downtown Dubai: Has been a favorite for
home buyers and investors and continues to be among the top locations in
Dubai. Downtown Dubai is considered to be the most visited destination for its world
class assets like the world's tallest building, the Dubai Mall, Dubai fountain
and the vibrancy this "new heart of the city" has to offer.
Jumeirah lake Towers: Continues to hold its spot as
a preferred area to buy for people who prefer its strategic location and
proximity to other important areas in Dubai. Jumeirah lake towers has superior connectivity with Dubai Metro.
Dubailand: Has slowly
been able to step the ladder of popularity and has become an area to consider
for buyers who are not looking at elite facilities. Home
to the famous Global Village, Miracle Garden Dubailand is expected
to become a regional and international tourism hub in the coming years.
Jumeirah Village Circle: This development has gained popularity among those who want
to live in a community which offers generous living spaces at an affordable budget.
The area still under development enjoys a strategic location and is well
connected with other important areas of Dubai.
Arabian Ranches: Dubai's
most popular villa community offering Arabic, Spanish, Portuguese and
Moroccan styled villas, this quiet and peaceful community is well connected
with the city and residents enjoy the modern lifestyle of this Desert
paradise.
Dubai Sports City: The affordable community is fast becoming popular for
the price difference when compared to other hot spots. Dubai sports city has a
lot to offer to live a good life. Conceptualized as a city within a
city, this project is envisioned to become the world's premier
sporting destination. Dubai sports city also offers schools, medical
facilities, hotels and community centers.
Jumeirah Beach Residence: While the apartment prices are still less than Palm
Jumeirah and Downtown Dubai, JBR
has all the charm to attract buyers and investors. This prime waterfront
community offers up market apartments with spectacular views of the sea. JBR is
home to the walk , Dubai's most happening
outdoor destination offering exclusive shopping, dining and
entertainment options.
Business Bay: is rapidly
gaining momentum to become the Business Hub of the Middle East, with most
of the projects now completed Business Bay is all set to compete with New
York's Manhattan and Ginza district of Tokyo.
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