Dubai real estate, an avenue for lucrative investment
With the opening of properties for investment by foreigners since 2002, Dubai real estate is one of the fastest growing given the high demand fuelled by the massive influx of people from around the world. The ever increasing population has resulted in mushrooming of apartments and villas further leveraging the status of Dubai real estate. In the backdrop of scarcity of Dubai property rentals, people were forced to share their apartments. But the recent global economic slump brought some relief among the emigrants as the rentals have been dropped by 30-40%. This has brought forth affordability in the market of Dubai real estate. Portals for Dubai real estate are very user friendly and you can easily proceed according to your choice of apartments and villas for both short term and long term. You can also have your own selection regarding the property type, locality and the number of bedrooms. Generally, a short-term 2 bedroom, 3 bathrooms fully furnished apartment in Al Alka Greens, with all amenities inclusive of pool, gym, garage and air conditioning, would cost AED 5600 per week. A centrally located apartment with 2 bedrooms and 2 bathrooms with similar amenities would cost AED 17,500 per month.
For investment in Dubai real estate market, you need to select the right location in order to ensure maximum returns. Thus, some areas are generally known for attractive investment on Dubai real estate. The areas gain a special position in Dubai real estate market. Those special areas include Palm Jumeriah, Business Bay and Dubai Marina. Palm Jumeriah is one of the three man-made islands in Dubai under the project undertaken by Nakheel which could establish remarkable fame in international position. Today Palm Jumeriah is one of the most expensive areas in Dubai covering 520 kilometers. It stands at top when it comes to Dubai real estate or Dubai properties for sale. Business Bay is another place which has raised the ante of Dubai real estate scenario being the most crowded area in Dubai. Here, one can easily look for numerous Dubai properties for sale both residential and commercial. Like Palm Jumeriah and Business Bay, Dubai Marina is also the right location for lucrative investment in Dubai real estate. Dubai Marina is also known for Dubai Internet City and Dubai Media City being very close.
Besides these locations, there are numerous other locations that offer great returns on Dubai real estate investment. All you have to do is a detailed research before looking for Dubai properties or investment in Dubai real estate.
For more information visit Dubai real estate
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