Living in Dubai has numerous perks, but finding the right destinations is key. Choosing a home or an area to stay is dependent on a lot of factors; it’s personal for some and business for others. Nonetheless, the city has a lot of great locations for commercial, residential, or investment purposes.
Whether you’re looking for contemporary apartments in high-rise towers, luxurious villas, or townhouses to live with family, Dubai has all of that and much more.
To make the choice of your dream home or investment decisions easier, we’ve put together a list of great areas and some of the best properties to buy in Dubai.
Best Places to Buy a Property in Dubai
Are you after a calm beachside residence or the bustling lifestyle of neighborhoods in the city center? Let’s find the best neighborhoods to purchase your dream home.
- Dubai Marina
- Downtown Dubai
- Business Bay
- Palm Jumeirah
- DAMAC Hills 2
- Arabian Ranches
Dubai has excellent neighborhoods and spacious apartments to cater to diverse needs. From vibrant places in the city center to quiet, tucked-away communities, we’ve curated a list of the best areas to buy a property in Dubai based on potential for growth and investment returns, living costs, and buyers’ preferences.
1. Dubai Marina
Dubai Marina tops the list for its calm vibes. Located along Sheikh Zayed Road, it’s a high-end neighborhood with a lot of high-rise buildings, popularly dubbed the “Tallest Block in the World” for its towering skyscrapers. It’s a mixed-use neighborhood with residential and commercial properties developed by Emaar Properties. The destination is also renowned for its glamorous lifestyle and vast number of amenities.
Dubai Marina covers an extensive area of 4.5 square kilometers, overlooking spectacular marina views, with a 3.5 km canal known as the Dubai Marina Walk. Living in this luxurious and exclusive neighborhood provides you access to world-class amenities like the Dubai Marina Yacht Club, top fine-dining restaurants, hotels and several others.
Dubai Marina is a top mixed-use neighborhood for individuals seeking a vibrant and fun lifestyle. Some of the best properties in Dubai to buy in this area include DAMAC Heights, Princess Tower, Marina Gate, Park Island, and Bay Central.
Apartments range from studio to 5-bed units, 3 to 5-bedroom villas and penthouses, and 1 to 4-bedroom duplexes. The average sale prices for apartments in Dubai Marina is about AED 2.5 million, while villas sell for about AED 7 million. For investors, they can expect an average annual rental yield of about 6.62% for apartments in Dubai Marina.
2. Downtown Dubai
If you’ve heard about Dubai, then you’re likely to be familiar with Downtown Dubai. Renowned for being home to the remarkable Burj Khalifa, the world’s tallest building, this destination is a vibrant neighborhood in the city center. It boasts of diverse, iconic properties, from spacious studio apartments to luxurious 5-bedroom townhouses. Downtown Dubai is a popular residential district in the city and an excellent choice for high-end living.
Strategically positioned in the city center, it provides access to top shopping malls, entertainment centers, diverse attractions, and educational institutions. Top attractions in Downtown Dubai include the famous Dubai Mall and Dubai Fountain.
If you’re looking for where to buy a property in Dubai, there are several top picks in Downtown Dubai. Popular towers include the Burj Khalifa, Opera Grand, Burj Royale, Burj Crown, and Binghatti Mercedes Benz. Most luxurious properties in the area have been developed by Emaar and apartment prices start from approximately AED 3.6 million.
Options to consider when buying apartments in the neighborhood range from studio to 5-bed apartments, 3 to 6-bed villas, 3 to 5-bed townhouses, and 3-bed duplexes. Annual rental yield in Downtown Dubai is estimated at 6.01%.
3. Business Bay
Business Bay is a destination loved by working professionals for its proximity to workplaces. With over 240 buildings that include residential and commercial properties, the area boasts boutique apartments and luxurious villas where you can find your dream home.
The destination is equally an investment hotspot due to the high demand and relatively high ROI, proximity to business hubs and other attractions. It’s a highly sought-after neighborhood developed by Dubai Properties. Popular buildings in the area include the Zada Tower, Paramount Tower Hotel & Residences, SLS Dubai Hotel & Residences, Aykon City Tower B, and Reva Residences.
Average price for apartment sales in the area is approximately AED 2.2 million and annual rental yields are as high as 7.07%. Popular unit types range from studio to 5-bed apartments to 2-bed villas, 4 to 7-bed penthouses, and 1 to 4-bed duplexes.
4. Palm Jumeirah
Palm Jumeirah is a beautiful artificial archipelago nestled along the Persian Gulf in Jumeirah, developed by Al Nakheel Properties. This picturesque man-made island, shaped like a palm tree, boasts stunning architectural masterpieces that make heads turn. Popular not only for its beauty, the community features world-class amenities from leisure areas to shopping centers, private beaches, and dining options that make life convenient.
It’s a very expensive neighborhood, but life in Palm Jumeirah is unparalleled and extraordinary. Apartments in the area have an average sale price of approximately AED 9.4 million, with villas averaging AED 37 million.
Popular properties in the neighborhood include Azizi Mina, Ellington Beach House, The 8, FIVE Palm Jumeirah, and Seven Palm. Apartment types range from studio to 1-bed, 1 to 7-bed villas, 2 to 3-bed townhouses, and 3-bed duplexes.
Palm Jumeirah is one of the best places to buy properties in Dubai. For investors, an estimated annual rental income of up to 5.73% is guaranteed on its apartments.
4. Arabian Ranches
If you’re relocating to Dubai with family, a place at Arabian Ranches should be on the top of your list. It’s a gated neighborhood featuring 2 to 7-bedroom villas with modern, aesthetic designs and a safe environment that’s ideal for raising kids. The neighborhood equally boasts top amenities such as schools, shopping centers, a world-class gulf club, playgrounds, and community parks.
Arabian Ranches was developed by Emaar Properties and located on Sheikh Zayed Bin Hamdan Al Nayhan Street. Top properties in the area include Al Reem 2, Alma 2, Terra Nova, Alvorada 2, and Palmera 2.
The average sale price of villas in Arabian Ranches is approximately AED 6.6 million, with an estimated yearly rental income of 4.53% on investments.
6. DAMAC Hills 2
DAMAC Hills 2 is a green community located at Madinat Hind 4, Dubai. Although located a short distance from the busy city center, the destination maintains access to major highways providing access to diverse regional amenities.
This community has been built for sport enthusiasts and lovers of lush greenery, featuring a championship gulf course, community parks, lakes, and pet farms. It’s one of the best locations to buy a property in Dubai for individuals, families, and investors.
Unit types in the area range from studio to 3-bed apartments and 2 to 6-bed villas. Apartments sell for an average of AED 735,886 with an estimated annual rental income of up to 7.69%. Villas have an average sale price of AED 2 million, offering up to 5.69% in rental revenue.
In Summary,
Dubai’s glamorous lifestyle makes it a great place to live and invest. Properties are in high demand and provide significant annual rental yields. The best properties to buy in Dubai are located in areas with high demands like Downtown Dubai, Dubai Marina, Palm Jumeirah and a number of other places.
If you live in any of these neighborhoods or are looking for your dream home destination, rent a car in Dubai and explore to your heart’s content before making a choice.
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