Dubai Investment Guide: Most preferred Area to Buy Property in 2020

Without a doubt, Dubai is one of the most highly developed countries in the world. With luxurious housing, massive shopping malls, gorgeous views and sky-high buildings, Dubai has everything that would make any investor happy. Dubai is a buyer’s market; with the upcoming Dubai Expo, buyers, investors and visitors are going to flock to Dubai! If you’re looking for apartments for sale in Dubai, be it for personal use or commercial use, here is a list of some of the most preferred areas in Dubai to buy property in 2020. 

Dubai Investment Guide: Most preferred Area to Buy Property in 2020
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 Downtown Dubai

Downtown Dubai is the centre of Dubai. Think about it; this area is home to the Dubai Mall and the Burj Khalifa – who won’t want to live walking distance from some of the most popular attractions in all of Dubai? Downtown Dubai is very popular among tourists and visitors, so if you’re thinking of investing in a property for rental yields, then you must consider investing in Downtown Dubai.  

Palm Jumeirah

Palm Jumeirah is one of the hottest and happening areas in Dubai. This jaw-dropping island belt is filled with luxurious apartments, posh mansions, spacious villas and five-star properties; Palm Jumeirah is on every property investor’s hotlist. Almost every property investor highly recommends an upscale location with multiple ongoing projects like the  Palm Jumeirah! 

Dubai Marina

If you’re looking for a sky-high apartment that offers beautiful water views, then you should consider buying an apartment in Dubai Marina. Considering Dubai Marina is the most sought after areas in Dubai, after Downtown Dubai, of course, purchasing a property in Dubai Marina will be a very wise investment. There’s been a stable rise in the asking price of these properties over the last few years. 

 Jumeirah Village Circle

Jumeirah Village Circle is located in the heart of Dubai, making it one of the most central areas in Dubai to buy property. Known for its glamorous penthouses and posh apartments, family-friendly atmosphere and an overall luxury lifestyle, Jumeirah Village Circle is a great place to invest, be it for personal use or commercial use. Very close to the Dubai Marina as well as the Emirates Hills, this area is Dubai’s newest hub. 

City Walk

City Walk is basically an area where you can live, work and enjoy recreational activities. Think of it as a community space where you can live in luxurious apartments, enjoy the convenience of walking to your workplace, spend a day indulging in retail therapy or walk down to a nearby restaurant to eat your favourite meal. Everything in this community area is walking distance which is what makes it so unique! If you’re thinking of investing in a commercial or non-commercial property in Dubai, City Walk is the place to consider!  

Jumeirah Lake Towers 

Jumeirah Lake Towers basically consists of 80 towers that are situated along three artificial lakes. From licensed bars to healthcare facilities, from universities to hotels and of course glamorous apartments, these towers have it all. The high rise apartments in Jumeirah Lake Towers provide gorgeous views without burning a hole in your pocket! If you are specifically looking to buy an apartment in Dubai, preferably in an area that has some great views, then Jumeirah Lake Towers is a great place to invest in!  

Dubailand

Dubailand is basically a world of its own – think of it as a sort of mini Dubai. With spacious sports fields, various recreational areas, dining and entertainment options and fancy residential complexes, Dubailand has become quite popular among property investors. The asking prices of properties in Dubailand are expected to rise in the coming years, so an investment in this area could prove to be quite profitable! 

Business Bay

Business Bay is known as the commercial hub of Dubai. Apart from commercial spaces, Business Bay has a wide variety of residential spaces as well. Very close to Downtown Dubai, this area is close to all the popular tourist attractions without having to pay the high prices of living in the heart of the city. If you’re looking to invest in commercial property or rental property, then Business Bay is a great investment opportunity!  

At the end of the day, it’s all about the area that you invest in and the type of property that you buy. If you’re thinking of buying properties in Dubai, for personal use or commercial use, you should have a look at the properties that are available for sale on the Allsopp & Allsopp website.