Updated 2022 July
Home to impressive buildings such as the Dubai Creek Tower and the Burj Khalifa, there's really no other place in the world quite like Dubai. With this in mind, let's take a look at 5 of the best locations to buy property in Dubai in 2022.
1. Palm Jumeirah
A hit among investors, Palm Jumeirah is one of the most reliable places to invest in Dubai. Thanks to its upscale location and exciting projects (Palm Beach Residence and Raffles), it's certainly a great area to consider. Prices for apartments have remained steady here too, with 1-bedroom apartments attracting AED 2.14m and 2-bedroom apartments attracting 2.58m. However, Palm Jumeirah is also popular with buyers looking for villas, with 3-bedroom villas attracting AED 6.2m.
Sales Value & Volume 2022
- 📍 Palm Jumeirah: 2,000 transactions, worth AED 17,711M
2. Downtown Dubai
Home to the Dubai Mall, Burg Khalifa and Mohammed Bin Rashid Boulevard, Downtown Dubai is known for its high rise apartments. The Burj Khalifa is now one of the most visited tourist attractions in the world, so the appeal of the area is certain to last. Studio apartments generally attract AED 920,000, while 1-bed apartments sell for approximately AED 1.45m.
Sales Value & Volume 2022
- 📍 Downtown Dubai: 4,185 transactions, worth AED 13,102M
3. Jumeirah Village Circle
With its great location close to Dubai Marina and Jebel Ali, it's no surprise that Jumeirah Village Circle is still extremely popular with investors. Slightly more affordable than Palm Jumeirah and Downtown Dubai, 1-bedroom apartments here usually attract AED 740,000 while 2-bedroom apartments sell for approximately AED 1.1m.
Sales Value & Volume 2022
- 📍 Jumeirah Village Circle: 3,902 transactions, worth AED 4,102M
4. Dubai Marina
Another favourite among investors, Dubai Marina is home to beautiful villas, high-rise apartments and an abundance of dining and retail locations. Prices for apartments have remained stable, with 1-bedroom flats attracting AED 1.15m and 2-bedroom flats selling for AED 1.9m.
Sales Value & Volume 2022
- 📍 Dubai Marina: 5,418 transactions, worth AED 17,754M
5. International City
An inviting area of residences, tourist attractions and businesses, International City is renowned for offering a very high rate of return. A 1-bedroom apartment usually attracts AED 305,000, while a 2-bedroom sells for AED 520,000.
Sales Value & Volume 2022
- 📍 International City: 93 transactions, worth AED 405M
6. Business Bay:
Business Bay, Dubai is a fantastic development in the heart of Dubai, with a well-equipped infrastructure for promoting businesses, trade, and luxury living.
It is an ideal place for investment in Dubai because of its unique location next to the DIFC, freehold areas (where foreigners can buy and rent property in Dubai), and the world's tallest tower, The Burj Khalifa.
Business Bay, Dubai has over 240 equipped towers, with either shell and core or semi-fitted offices, in state-of-the-art buildings with top facilities, to choose from if you are looking to purchase or rent a commercial office. Furthermore, most of the towers offer residential apartments for rent and sale, as well as penthouses and lovely garden villas.
Sales Value & Volume 2022
- 📍 Business Bay: 6,431 transactions, worth AED 10,473M
To find out more about the 1-bedroom and 2-bedroom apartments for sale in Dubai, or for more advice on the best areas to invest, contact the team at fam Properties today.