Best areas to buy property in Dubai? Top investment 2024 districts

Investing in real estate in Dubai remains an exceedingly lucrative and reliable option for capital placement. The appeal of this location to investors stems from the continuously thriving economy, the absence of taxation, and the streamlined procedure for acquiring a residence permit. This article aims to discuss the merits of investing in Dubai and highlight the most favorable areas for such ventures.

• Taxation exemption. Dubai stands out for its lack of income tax and personal income tax burdens. 
• Residence permit acquisition. Investors who purchase real estate valued at $545,000 or more are eligible for a 10-year visa. 
• Return on investment. Rental income in Dubai typically ranges between 5% and 10% per annum.

Success factors of popular districts in Dubai  

Analyzing the popularity of various districts involves considering the following aspects:

• Location. The proximity of the area to the coastline, parks, and the airport. 
• District infrastructure. The presence of attractions, shopping malls, entertainment venues, and restaurants. 
• Distinctive characteristics that set the area apart. The advantages and disadvantages that distinguish each district.

Top districts for real estate investment  

Dubai Marina  

Dubai Marina, situated along the Persian Gulf coastline in the southeastern part of Dubai, is a highly sought-after tourist destination. Covering an area of only 4.9 km2, it boasts several key attractions, including the Pier 7 restaurant complex, Dubai Marina Mall, AquaFun trampoline park on the water, and the exhilarating XLINE attraction is an adrenaline-pumping cable flight between two high-rise buildings.

Due to its status as a resort area, Dubai Marina offers one of the highest returns on investment, reaching up to 7-8% per annum.

Advantages of the district:

• A resort area with a consistent influx of tourists throughout the year. 
• Among the highest ROI rates of return on investment. 
• Scenic coastal location.

Disadvantages of the district:

• High cost of apartments. 
• Distance of approximately 33 km from the airport by car. 
• Significant traffic congestion.

LIV LUX  

LIV LUX is a towering 47-floor building located a mere 600 meters from Marina Beach. This residential project provides breathtaking views of the bay, Palm Jumeirah Island, and Dubai Marina.

Featuring a diverse range of living spaces, LIV LUX offers spacious apartments with 1-3 bedrooms, complete with panoramic windows and ceilings starting from 3 meters. Alternatively, one can opt for a penthouse with 4-5 bedrooms, boasting a ceiling height of 6 meters and a private pool. The exclusive 5-bedroom penthouse is accompanied by expansive outdoor entertainment areas, including a massage area, zen garden, outdoor Jacuzzi, and sunbathing area.

Residents can enjoy a host of amenities spread across 7 floors within the complex. These include a 27-meter swimming pool with an open-air cinema and a dining area equipped with barbecuing facilities. The state-of-the-art gym accommodates a variety of exercise routines, while the spa center offers a sauna and steam rooms for relaxation. For business meetings or study sessions, there is a conference room and a comfortable lounge area.

Situated on the waterfront in the northern section of Dubai Harbor, nestled between The Palm Jumeirah and The Mina Seyahi Hotel on the mainland, Emaar Beachfront is a recently developed area that has garnered significant attention from investors seeking high returns on real estate investments in Dubai. Anticipated to yield a minimum return on investment of 8% per annum, this project has been a focal point for investors in the current year.

Advantages of the district:

• High profitability. 
• Direct access to the sea.

Disadvantages of the district:

• The completion of the district's construction is expected no earlier than 2025.  

Bayview  

Bayview is an upscale residential complex comprising premium towers, each soaring up to 57 floors. Within this development, one can acquire apartments with 1-4 bedrooms or indulge in the opulence of a luxury penthouse boasting 4 or 6 bedrooms, accompanied by breathtaking 360° views. All units are meticulously furnished, adorned with natural materials for an exquisite ambiance.

A podium area housing boutiques and restaurants, accessible only to residents, enhances the sense of tranquility and privacy within the complex. Whether it's a shopping spree or an elegant dinner, everything can be conveniently enjoyed without leaving the premises. Additionally, residents can unwind by the infinity pool overlooking the bay or on the private beach, creating the perfect retreat.

Palm Jumeirah, an expansive man-made island designed to extend the coastline, takes the shape of a palm tree featuring a trunk and 16 branches, enclosed by a crescent-shaped island.

Advantages of the district:

• Location. The island's distinctive shape itself is a captivating feature.
• Presence of a Breakwater. 
• Abundant Shopping and Entertainment Infrastructure: Shopping malls, restaurants, and a large water park. 
• Opportunity for real estate ownership with absolute ownership rights.

Disadvantages of the island:

• Distance from the city center.  

Como Residences  

Inspired by organic architecture, Como Residences is an awe-inspiring 71-floor tower with an intricate network of vertical lakes. Each floor mimics the graceful form of an ocean wave, collectively creating a seashell-like structure that reaches skyward.

The residential complex comprises 76 residences, with 1-2 lots per floor. Prospective buyers can choose from apartments with 2-6 bedrooms or opt for a duplex penthouse boasting 7 bedrooms. Certain units offer a panoramic 360° view and feature a private pool on a spacious terrace.

Water is an integral element of this project, offering residents the chance to enjoy the tranquility of a private sandy beach or take a refreshing dip in the pool located on the 71st floor, providing stunning vistas of the city and the ocean. Fitness enthusiasts can avail themselves of the state-of-the-art gym or engage in sports activities on the padel and squash courts. For relaxation, the spa with thermal rooms awaits, and residents can savor a delightful meal at the lounge café, accessible exclusively to residents.

Often referred to as the Beverly Hills of the Middle East, the Jumeirah area is predominantly occupied by luxurious villas and upscale hotels. Although it does not officially exist as an independent unit within the emirate, geographically, Jumeirah spans a length of 21 kilometers between the Sheikh Mohammed bin Zayed highway and the coastline.

Advantages of the district:

• Convenient Public Transport. The red metro line runs throughout the entire territory of Jumeirah. 
• Tranquil Resort Atmosphere in Dubai.

Disadvantages of the district:

• Distance from the Airport. The journey by car takes over thirty minutes.  

Jomana  

Jomana comprises eight elegant 6-floor buildings, featuring a design inspired by classical Arabic architecture. Nestled amidst lush greenery, including planted trees and verdant walking areas, the complex offers a serene environment.

Jomana presents meticulously designed apartments with 1-4 bedrooms, showcasing exquisite finishes crafted from natural stone and wood. The rooms are bathed in natural light, courtesy of panoramic windows, while balconies and terraces offer delightful city and coastline views.

Within the private grounds of the residential project, residents can enjoy refreshing dips in both adult and children's pools after leisurely strolls in the landscaped park, workouts at the private fitness center, or on hot days. The outdoor roof terraces, complete with barbecue areas, serve as cherished spaces for cozy evenings with family and friends.

DubaiLand, often hailed as the Middle East's equivalent of Disneyland, stands as one of the largest entertainment and tourist destinations in Dubai. Situated 600 meters from Sheikh Mohammed Bin Zayed Road and a mere 300 meters from the Miracle Garden Flower Garden, this expansive area covers an impressive 280 square kilometers. It boasts a range of attractions, including a race track with karting tracks and a racing school, the Al Sahra Desert Resort offering a desert resort experience, the eco-tourist residential park known as Arabian Ranches, and Dubai Sport City featuring stadiums, a golf club, and sports schools.

Notably, Falcon City Of Wonders deserves a separate mention. This remarkable project showcases residential and commercial buildings shaped after world-renowned attractions such as the Eiffel Tower, Leaning Tower of Pisa, pyramids, Taj Mahal, Hanging Gardens of Semiramis, the Great Wall of China, and the Lighthouse of Alexandria.

Rukan Maison  

Nestled within the enclosed area of the Rukan Community in Dubailand, Rukan Maison is a 9-floor apartment project. Its architecture beautifully blends the modern style of the West with the serene traditions of the East. The geometric patterns adorning the facade are complemented by panoramic windows, creating a harmonious fusion with the surrounding green parks.

Rukan Maison offers a range of options, from small studios to cozy apartments with one or two bedrooms. The balconies, featuring glass sides, and the large panoramic windows provide residents with delightful views of the tranquil green gardens and the city's enchanting evening illumination.

To enhance the comfort of its residents, Rukan Maison offers a garden for yoga and meditation, shaded lounge areas, and designated spaces for sports activities. After a hot day, residents can cool off in the spacious pool or enjoy a delightful picnic with friends at the barbecue area.

Dubai Hills Estate is a sprawling green area that features the renowned Dubai Hills Golf Club, recognized as the best golf course in the UAE. Recently, the district also welcomed the grand opening of Dubai Hills Mall, a vast shopping center boasting 650 stores.

Advantages of the district:

• Convenient Transportation Access. The district is bordered by major road arteries, enabling quick connections to other parts of the city. 
• Home to One of the Region's Premier Golf Clubs.

• Disadvantages of the district:  

• Ongoing Construction. The area is still undergoing development, with plans for completion by the end of 2024.  

Elvira  

Situated near the main park of the Dubai Hills Park district, Elvira is a residential complex offering a range of housing options. Prospective residents can choose from apartments with 1-3 bedrooms, duplexes, or townhouses with 3 bedrooms. Each apartment features spacious balconies or terraces that overlook the verdant grounds of the complex and the expansive horizons of parks and golf courses. The interiors boast a classic beige light color scheme, with natural materials used in the decoration.

Residents can enjoy morning runs, have delightful family picnics on the lush lawns, or gather with friends for a game of basketball. On hot days, the complex's pools offer the perfect retreat to relax and savor the enchanting sunsets.

DAMAC Hills Estate is a serene residential area adorned with lush gardens and picturesque lakes. It offers a range of recreational amenities, including a football field and tennis court. At the heart of DAMAC Hills Estate lies the prestigious Trump International Golf Club, boasting a championship golf course designed by the renowned architect Gil Hanse. Another notable feature of the area is the azure wave pool known as Malibu Bay, where residents can bask in a beach-like ambiance and enjoy the thrill of jumping on the waves.

Advantages of the district:

• DAMAC Hills Estate offers a peaceful pace of life in comparison to other popular areas. 
• Expansive Landscaped Area.

Cavalli Estates  

Cavalli Estates presents a collection of exquisite villas, boasting interior design by Roberto Cavalli.

These 4-floor residences feature 6 or 7 bedrooms and are equipped with built-in elevators, along with ample parking space for 5 or 12 cars. The lower floor seamlessly transitions into a courtyard, providing an ideal space to create a cinema room, a dedicated sports area, or a play zone. The spacious terraces offer enchanting views of the serene greenery surrounding the golf club.

Situated along the picturesque coastline of the Persian Gulf, Jumeirah Beach Residence (JBR) is renowned as one of the most prestigious areas in Dubai. Spanning a length of 1.7 kilometers, the JBR territory is divided into six distinct residential clusters: Shams, Amwaj, Rimal, Bahar, Sadaf, and Murjan.

The standout feature of this location is its pristine beach adorned with glistening white sand, accompanied by the bustling pedestrian street known as The Walk. Here, residents and visitors can enjoy a leisurely stroll while indulging in shopping sprees and delightful dining experiences.

FIVE Luxe at JBR  

FIVE Luxe at JBR is an exceptional project that encompasses the lavish ReFive spa, a private beach, and convenient access to the world's tallest Ferris wheel, the Eye of Dubai. With its 55-floor tower gracefully descending towards the ocean, the architecture of the hotel resembles a mesmerizing frozen waterfall.

The hotel's beachfront setting boasts a renowned swimming pool surrounded by tranquil palm trees, providing an ideal spot for lively gatherings with friends or serene relaxation under the warm Dubai sun.

At FIVE Luxe at JBR, residents have a variety of options to choose from, including fully furnished studios, 3 and 4 bedroom apartments, and luxurious penthouses. The interiors of these residences exude elegance, featuring delicate beige tones, natural stone accents, and wood finishes. Most units also offer the luxury of balconies and terraces with small pools, providing a serene setting to savor morning coffees while soaking in breathtaking views of the ocean and the city.

Situated as one of the most significant business hubs in Dubai, the Business Bay district plays a pivotal role in the city's commercial landscape. Within its boundaries lie prominent landmarks such as the Dubai International Financial Center, Emirates Towers, the 35-storey One Business Bay tower, and the dynamic Al Habtoor City quarter, boasting luxurious hotels, residential buildings, a plethora of restaurants, and the captivating La Perle by Dragone aquatre. Adding to its allure, the Dubai Canal gracefully winds through the area, offering a refreshing break from the towering skyscrapers and providing opportunities for activities such as cycling, sports, and scenic boat trips.

Advantages of the district:

• Strategic location. Situated in the heart of the city, the Business Bay area benefits from its connectivity through the Business Bay metro station, facilitating convenient access to other parts of Dubai. 
• Proximity to attractions. Thanks to its central position, major attractions such as the Dubai Opera, Dubai Mall, and Burj Khalifa are just a stone's throw away. 
• Thriving business center. With a bustling concentration of diverse businesses, real estate in this part of the city is always in high demand.

Disadvantages of the district:

• Traffic congestion. As a thriving commercial hub, heavy traffic is a common occurrence in the area, leading to congestion and challenging travel during peak hours. 
• Limited green spaces. Due to the dense development in the district, there is a shortage of large park areas, limiting the availability of extensive landscaping.

Al Habtoor Tower  

Nestled within the Al Habtoor City community, Al Habtoor Tower stands tall as an 82-floor architectural masterpiece. The project offers an array of apartments featuring 1-3 bedrooms, showcasing finishes crafted from natural materials, state-of-the-art kitchens, and premium branded fixtures.

Residents of the complex enjoy access to a comprehensive range of amenities. For those focused on maintaining a healthy lifestyle, a modern gym and sports facilities are available, while those seeking relaxation can indulge in the spa area or take a refreshing dip in the infinity pool adorned with comfortable sunbeds. The summer terrace beckons residents to bask in the sun, offering serene leisure spaces and a dedicated playground. Additionally, a shopping gallery within the tower offers a delightful selection of restaurants and markets for dining and retail therapy.

Located at the heart of the city, Mohammed Bin Rashid City (MBR City) stands as one of the most expansive and recently developed districts. It proudly bears the name of His Highness Sheikh Mohammed bin Rashid Al Maktoum, the esteemed ruler of Dubai. Embodying the concept of a «city within a city,» MBR City encompasses four key domains of growth: family tourism, art galleries, retail and business development, and innovation.

Advantages of the district:

• Location. Positioned in close proximity to major highways, MBR City offers seamless connectivity, allowing swift access to all corners of the city. 
• Abundant green spaces. The development project boasts several expansive parks, with one park slated to surpass the size of London's renowned Hyde Park. 
• Well-developed infrastructure. Within the district's premises, residents can find the sprawling Meydan One Mall, two international high schools, and a plethora of cafes, restaurants, and entertainment centers.

Disadvantages of the district:

• Traffic congestion. As the area is still undergoing active development, traffic can be challenging at times.
• Construction noise.

Keturah Reserve  

Keturah Reserve presents an exquisite collection of upscale townhouses featuring 4-5 bedrooms, organized into clusters complete with lush gardens and picturesque promenades. Each townhouse is thoughtfully furnished and equipped with top-tier household appliances and fixtures. The interiors exude a modern minimalist aesthetic, showcasing elegant natural stone and wood finishes.

Every townhouse boasts a private patio replete with a swimming pool and a dedicated barbecue area. Additionally, an outdoor roof terrace beckons residents with its inviting seating area and open kitchen, providing the perfect setting for cherished moments of al fresco dining and heartfelt conversations with loved ones.

Situated in the heart of the city, Downtown Dubai stands as the smallest district in Dubai, covering a mere 2 square kilometers. Despite its compact size, this vibrant district is renowned as a bustling business hub, characterized by its dense collection of buildings and an array of captivating attractions. Within its boundaries, visitors can explore the iconic Dubai Mall, witness the awe-inspiring spectacle of the world's tallest dancing fountains, and marvel at the architectural marvel that is the Burj Khalifa, the tallest skyscraper in the world.

Advantages of the district:

• Abundance of attractions and tourist destinations. 
• Presence of a world-class shopping center.

Disadvantages of the district:

• The nearest beach is located 12 kilometers away.  

St. Regis Residences Financial Road  

Dominating the skyline with its 60-floor structure, St. Regis Residences Financial Road offers breathtaking vistas of the Burj Khalifa and the Dubai Canal. This exceptional tower presents a range of residential options, including apartments with 1-4 bedrooms and luxurious penthouses spanning 427 square meters.

Residents of this exquisite complex enjoy access to an extensive array of amenities and services. They can indulge in quiet moments of reading within the cozy library or unwind at the spa. In the evenings, they can immerse themselves in the world of cinema at the private theater or relish captivating sunsets from the pool located on the 46th floor.

Situated along the coast and adjacent to the historic city center, Dubai Creek Harbour offers a tranquil and sought-after residential environment for those seeking a megalopolis experience minus the hustle, noise, and tourist crowds. This area seamlessly blends parks, recreational spaces, and a comprehensive range of residential, commercial, and infrastructure facilities.

Advantages of the district:

• Strategic location providing easy access to various parts of the city. 
• Abundance of pedestrian areas and bike paths. 
• Extensive landscaping covering a significant area. 
• Commitment to environmental sustainability, with the utilization of solar energy and a comprehensive water filtration system throughout Dubai Creek Harbour.

Disadvantages of the district:

• Nearby construction sites, which may result in occasional noise.  

Creek Waters  

Sgeyek Waters is a residential complex consisting of two 50-floor towers, offering direct access to the Dubai Creek canal.

Within Creek Waters, residents can choose from a range of living options, including apartments with 1-4 bedrooms, spacious penthouses with 5 bedrooms, or townhouses featuring 3 bedrooms and a rooftop terrace. All units are meticulously designed with elegant beige interiors, equipped with built-in appliances and premium plumbing fixtures. The cozy balconies with glass sides provide a delightful vantage point to admire the Dubai Canal and the picturesque Ras Al Khor Nature Reserve.

Residents of this upscale complex can enjoy a host of amenities, including a private cinema, an infinity pool with sunbeds, an outdoor terrace with lush gardens and leisure areas. For those focused on maintaining a healthy lifestyle, there is a modern gym, an outdoor yoga area, and a cutting-edge wellness center equipped with advanced technologies.

Once the investor has chosen a property, the next step is to sign a Sales and Purchase Agreement (SPA) contract with the developer. During this stage, a reservation fee of 10-15% of the total cost is made. Subsequently, the seller obtains a sales permit from the developer, which is necessary for the transaction to be registered. Once the required documents are obtained, the owner and the buyer proceed to transfer the ownership rights to the Dubai Land Department and finalize the financial transactions. The registration process is completed on the same day as the application, and the new owner receives an ownership certificate.

Conclusion  

Dubai's pleasant climate, security, and thriving economy make it an attractive destination for investors worldwide. If you are seeking a luxury property in Dubai, our brokers are ready to assist you. They will provide you with the best options available, with love and without charging any commission fees.