Dubai is an excellent place to invest property nowadays. More than lakhs of people buy investment properties in Dubai because Dubai is a famous place where many investors play a big role in Buying and selling houses, apartments, buildings, and any other property. The cities of Dubai offer higher rental yields than other mature real estate markets. Anyone can achieve gross rental yields of between 5-9%.
The property prices in Dubai may higher cost than many other rental locations. However, you need a license permitted by the Dubai government in order to buy an investment property in the cities of Dubai. To become a successful investor in Dubai, you need to understand which sectors are ripe for investing properties.
We've listed here some information about investment properties in Dubai and their related information.
Why should buy investment properties in Dubai?
We all know that Dubai is a famous place around the world. Dubai is known for its innovative places, including Burj Khalifa, Burj Al Arab, Dubai Mall, Desert Safari, Dubai Garden Glow, Global Village, Dubai Miracle Garden, Dubai Frame, and Ski Dubai, Palm Jumeirah. In Dubai, several sellers from big companies increase the prices of investment properties every year because that's the reason several investors move for Dubai. We recommend that you should know all about investment properties in Dubai before buying an investment property in Dubai.
High Ranking Investment Properties in Dubai
Several big Industries in Dubai offer attractive returns on investment that's the reason many investors come to Dubai for property investment purposes. Let's see a look at the High Ranking Investment Properties or Areas in Dubai where anyone can buy an investment property.
1) Dubai Marina
Dubai Marina is one of the biggest places in Dubai where many investors are buying investment property, including houses, apartments, and other own buildings. Dubai Marina is ranking the list of Dubai's places top ten. It is a good place for everyone to investment properties with affordable costs.
The average cost of buying investment properties in Dubai Marina is here.
1-bedroom flats in Dubai Marina
Average Cost: AED 1.2M
Spacious two-bedroom apartment in Dubai Marina
Average Cost: AED 1.8M
3-BHK flats in Dubai Marina
Average Cost: AED 3M
2) Downtown Dubai
Downtown Dubai is another notable place to buy investment properties. Brokers of Downtown Dubai have many excellent apartments for sale for investors who come to Dubai for property investment purposes. Every property investor may find the best apartments to buy in Downtown Dubai because brokers of Downtown Dubai fix the prices of their properties to every investor. The average price of buying investment properties in Downtown Dubai is here.
One-Bedroom Apartment in Downtown Dubai for sale
Average Cost: 96,670 AED
Two-Bedroom Apartment in Downtown Dubai for sale
Average Cost: 140,000 AED
Three-Bedroom Apartment in Downtown Dubai for sale
Average Cost: 190,000 AED
3) Jumeirah Lake Towers Dubai
When you come to buy an investment property in Dubai, Jumeirah Lake Towers is another famous place for you. At present, several Apartments are for sale in Jumeirah Lake Towers where you can buy an apartment property at an attractive price. Jumeirah Lake Towers (JLT) have more than hundreds of big property brokers that provide excellent offers in buying apartments in JLT with affordable prices.
Here's a look at the average price of buying investment properties in JLT.
1-bedroom flats for sale in JLT
Average Cost: AED 451k
2-bedroom flats for sale in Jumeirah Lake Towers
Average Cost: AED 822k
3-bedroom flats for sale in JLT
Average Cost: AED 1.5M
4) Dubai Silicon Oasis
If you go into the excellent of property investments in Dubai, the other area to consider if you are looking exclusively at buying investments in Dubai is Dubai Silicon Oasis.
According to financial experts, many people buy apartments in Dubai Silicon Oasis as Dubai Silicon Oasis has brokers from different sectors. Currently, there are many apartments up for sale in DSO, you need to know about their prices.
1-bedroom flats for sale in DSO
Average Cost: AED 473
An airy 2-BHK apartment for sale in Dubai Silicon Oasis
Average Cost: AED 801k
3-BHK flats for sale in DSO
Average Cost: AED 1.1M
5) Dubai International City
Dubai International City is another popular place to buy apartments at an average price. Many real estate investors come to Dubai International City because the city provides the higher value of apartments within 1 to 2 years after buying apartments. We recommend that you need to know about Dubai International City Area before considering buying apartments in Dubai.
Here are the average prices of Dubai International City Areas.
1-bedroom flats for sale in Dubai International City
Average Cost: AED 231,000
An airy 2-BHK apartment for sale in Dubai International City
Average Cost: AED 520,000
3-BHK flats for sale in Dubai International City
Average Cost: AED 920,000
How to Buy an Investment Property in Dubai
People can buy investment properties in Dubai but they need to have an Instant License from Dubai’s Department of Economic Development. The license is responsible for four types of establishments. After getting an Instant License, people can start buying apartments in the city with no requirements for a bank account or a tenancy contract.
Some Tips for Buying Investment Property in Dubai
Here, we've given some tips for Buying Investment Property in Dubai, you need to know about it before going to buy property in Dubai.
1) Know About the reason behind your property purchase
2) Choose the best time to purchase properties
3) Choose Location
4) Consult an authorized agent
5) Organize your finances early, etc.
If you want to know more information about Investment Properties in Dubai, you need to search online.
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