Where should you buy your next property to add to your investment portfolio? Let’s explore some areas which are prime locations for investment in 2024 that were identified based on market trends, infrastructure development, and ROI potential.
Dubai Creek Harbour: Dubbed as the “new downtown” of Dubai by Emaar, this waterfront destination is set to redefine luxury living. Dubai Creek Harbour features stunning skyscrapers developed by Emaar, renowned for their iconic buildings like Burj Khalifa and The Dubai Mall. This area is a prime spot for Dubai property investment due to its strategic location and future growth potential in the Dubai real estate market.
This makes this area perfect for both long-term and short-term rental returns courtesy of its strategic location, which is just ten minutes from downtown. Eva Bogotlieva, Managing Partner, Savoir Prive Properties, says that with its stunning waterfront views and cutting-edge architecture, Dubai Creek Harbour promises both luxury living and strong capital appreciation. Kiran Khawaja, CEO, Fajar Realty, also sees a potential in this area with its high-end properties and stunning views.
Sobha Hartland II – Located in the heart of Dubai, Sobha Hartland II offers a blend of urban living and natural beauty with waterfront location views. Developed by Sobha, known for its high-quality craftsmanship, this area promises strong returns for those looking to invest in Dubai real estate. It’s not only a beautiful green oasis, but its waterfront location makes it indeed one of the most beautiful locations in Dubai, which offers a strong resale value. It is located very close to downtown and has easy access to the golf course, major malls, and major tourist attractions. This makes it an ideal spot for long-term and short-term rental returns as well as capital appreciation. The combination of prime location, lush green surroundings, and waterfront will attract both tourists and residents, enhancing the community’s appeal. What makes it all the more attractive is the payment plan, which allows the investors to manage their finances competitively.
Dubai South – This area includes Emaar South and Expo City Dubai, making it a hotspot for future developments. With the proximity to Al Maktoum International Airport, Dubai South is an emerging hub for business and lifestyle, offering excellent property investment opportunities in the Dubai real estate market.
Emaar South is an emerging hub with great connectivity, and it focusses on community living. It is a fantastic area for those looking at long-term investment opportunities offering modern amenities and family-friendly amenities. This area has recently gained massive global attention due to the Al Maktoum International Airport, which is set to become the world’s largest airport, significantly boosting this area’s growth potential. Eva Bogotlieva views the area as a growing district, which benefits from its strategic location as it is located near major infrastructure, making it an ideal choice for long-term investment potential.
Expo City Dubai – Still thriving from the momentum of Expo 2020, Expo City Dubai continues to be one of the top 5 areas to invest in Dubai real estate. Its infrastructure and strategic significance make it a lucrative option for investors. This area has seen an impressive AED 24 billion investment in its infrastructure, making it a key attraction for global investors. As a pedestrian-only two-tier city, Expo City offers a unique urban experience. The Wasal Dome continues to attract visitors, and major companies have their offices here. One of the most attractive aspects of investing in Expo City is the flexible payment plan available. The 50-50 payment plan, with 50 percent payable over 5 years over the handover, makes it easier for investors to enter the market.
Port Rashid by Emaar – This waterfront development boasts of a luxurious yacht club near Maritime City. Port Rashid offers stunning views and a vibrant community atmosphere, making it a top choice for Dubai real estate investors seeking waterfront properties. The place is perfect for those seeking a premium lifestyle; with a touch of Dubai’s maritime history. Its proximity to key attractions like Dubai Maritime City and the historic Dubai Museum makes it a perfect choice for the residents and tourists. Experts say this area is poised for significant growth, ensuring strong capital appreciation and rental returns. If you are planning to invest in a primary residence, a holiday home, or a rental property, Port Rashid could be a promising bet.
