In recent years, Dubai has become one of the most popular and profitable destinations for property investment.

It’s just that, when you decide to invest in real estate in Dubai, it can be hard to know which neighborhood to choose. So let’s take a look at Dubai’s favorite neighborhoods for real estate investors.

Jumeirah Village Circle

The JVC (Jumeirah Village Circle) district is undoubtedly the most sought-after by real estate investors.

In fact, it is the district with the most sales in Dubai, with 3,300 sales in the first three months of 2023. The apartments and townhouses are the stuff of dreams.

This is one of the reasons why the area is so sought-after by European investors, particularly French.

Located right in the city center, the JVC district is close to Dubai’s shopping malls, main attractions and transport links. It is also favorable for long-term rentals as well as short-term rentals (Airbnb type).

In fact, you’ll just need to budget between €3 and €4,000 per m². Also, the Jumeirah Village Circle offers the best rates forbuying property in Dubai. This is an excellent option if you are considering owning property in Dubai.

Business Bay

Business Bay is the second most sought-after district for real estate investors in Dubai. It ranks just behind Jumeirah Village Circle as the second district with the most sales for the first quarter of 2023.

Indeed, Business Bay is home to a number of impressive projects, such as Canal Heights and Penninsula Jumeirah Living, which are attracting investors. Also, one of the best construction projects is the Marasi Business Bay. This is a mixed-use development to be built over 12 km from Business Bay to Sheikh Zayed Road.

The Business Bay district is close to Downtown Dubai and 5 minutes from the Dubai Mall. It offers convenient access to the city’s main roads and is just a few minutes’ drive from Dubai International Airport. Business Bay is also close to numerous shopping centers and restaurants.

However, new housing prices are high compared with Jumeirah Village Circle. You’ll need to budget between €5 and €10,000 per m². That doesn’t mean that real estate investors aren’t interested in the area. Whether for short-term or long-term rental, demand is diverse and very high.

Damac Lagoons

If you’re a lover of villas, this neighborhood will impress you. In fact, Damac Lagoons has enough villas.

In fact, this is what earned it the title of the first district in Dubai to have sold the most villas, with over 1,350 transactions completed. The area also offers greater security and superb, attractive spaces that investors can only dream of.

A community developed by Damac, the Damac Lagoons district boasts vast, green spaces and sublime artificial lagoons. There are also numerous sports facilities, shopping centers and restaurants.

As far as infrastructure is concerned, there are a multitude of international schools. What’s more, Damac Lagoons offers very attractive property prices.

What’s more, it’s located on one of Dubai’s main roads, making it easily accessible to investors and travelers alike.

Dubai Creek Harbour

A community run by real estate developer Emaar, Dubai Creek Harbour is a residential district with a predominantly tourist focus. Situated on the seafront, it enjoys a prime location and is home to a number of large-scale construction projects.

In fact, Emaar’s goal was to create a Downtown-like community, but facing the sea. He is currently planning several luxury hotels, some of which, such as Vida and Adress, have already been completed, while others are still under construction.

Dubai Creek Harbour is also 10 minutes from Downtown and Dubai Airport. There are plenty of restaurants and shopping centers nearby, not to mention the superb marina. Real estate prices per m² are very attractive.

You’ll need to budget around €5,000 per m². However, this price could rise by 2026 due to major projects in the pipeline, such as the large mall expected in 2026.

Dubai Marina

Dubai Marina is one of the most popular areas for tourists and holidaymakers. It faces the sea around a splendid marina and offers beautiful views of the Persian Gulf.

Dubai Marina is also highly sought-after by real estate investors. This can be seen in the number of transactions in the first quarter of 2023, around 2,800 sales. These transactions were mainly recorded on the secondary market.

What’s more, the area is highly sought-after for short-term rental investment. However, apartments are still not attractive, as few new building projects are underway.

If you would like to invest in real estate in Dubai, contact our real estate agency. A DRN expert will guide you through your real estate project.