Top 5 Underrated but Investment-worthy Residential Locations in Dubai

Top 5 Underrated but Investment-worthy Residential Locations in Dubai

Ever since the UAE real estate market recovered from the 2012 debt debacle, property investors have been quick to pool most of their funds into short-term capital appreciation. And this was certainly not by chance, as at the time, prices were continually rising week after week and just about any asset could get you a good return on sale.

However, today properties in Dubai project a relatively calmer and more mature picture, and it would be wise to gear your funds towards mid to long-term residential units, which are especially going to be a hot commodity, going past 2020.

Talk to any real estate agent or long-time Dubai investor today, or check out snippets in the media, and you’ll come to know that certain free-hold property locations in Dubai like property in Palm Jumeirah, Dubai Marina and Downtown Dubai are attracting significantly more attention. In the process, many investment opportunities with high potential go unnoticed. These often underrated properties do not deserve any less attention.

Major infrastructure projects are in the pipeline, especially owing to the upcoming Dubai Expo 2020, which will see far greater capital appreciation in areas that, in the next 5 to 10 years, will directly benefit from planned infrastructure projects, attractions and retail space.

The following locations may be underrated in Dubai’s property market on a whole, but they are definitely “high prize” locations for making mid to long-term investments and here’s why:

1. Business Bay

This locality greatly benefits from an impressive infrastructure and located just a few heartbeats away from DIFC and Downtown Dubai – the Dubai Water Canal has plans to let yachts cross through Business Bay from the sea and this should set up Business Bay as a prominent waterfront location, much like Dubai Marina.

2. Dubai Silicon Oasis

The Road and Transport Authority (RTA) has decided to extend metro lines to Dubai Silicon Oasis, an area well known for its master-planned technology and robust infrastructure. Passengers will be able to get to central Dubai, the 2020 Expo site and Jebel Ali.

3. Downtown Jebel Zone 1

As it’s commonly known, DJA is a master-planned project spanning over 11 kilometers and divided into 4 zones. It’s strategically located on Sheikh Zayed Road which happens to be right across from Dubai Waterfront and JAFZA. This makes it a short drive if you’re looking to get to the Expo 2020 site, the new theme parks or Al Maktoum Airport.

The master developer responsible for undertaking infrastructure projects here has been active as of late and Zone 1 is of particular interest because of Jebel Ali Metro station as well as neighboring projects such as the Galleries complex.

4. IMPZ and surrounding areas

You might find this to be a highly fruitful investment area as well since the new City Center Me-aisem Mall is being built – this includes a Carrefour spreading over 8,500 square meters and a 280 square meter Magic Planet, including 60 other outlets.

5. TECOM

Even though there are a number of retail options present in TECOM, including the Mall of the Emirates, construction will begin soon on the Mall of the World, opposite Sheikh Zayed Road, which will also replace the existing police academy. Abound exceptional retail experience, many year-round entertainment and hospitality facilities will be available.

This list is certainly not a conclusive one, nor does it represent the entire Dubai real estate market. We have a team of dedicated experts, analysts and tools which are all seamlessly combined to make sure you are always aware of the best and most “readily available” investment options.

  •  
  •  
  •  
  •  
  •  
  •  

Leave a Reply

Your email address will not be published.

Captcha * Time limit is exhausted. Please reload the CAPTCHA.