September 14, 2024
Dubai is home to one of the most iconic communities that attract visitors from around the Globe. Each community is one of a kind with lively skyscrapers, modern amenities and bustling social scenes. Investors take great opportunities in their areas to invest in the real estate of Dubai. Dubai real estate investment has seen tremendous growth and attraction from all businesses. In this blog the two main areas of focus are Dubai Marina and Jumeirah Beach Residences. These two communities have their utmost importance for the investors. Dubai Marina is known for its remarkable high rise towers and metropolitan lifestyle. JBR is a popular beach destination, with 365 days of beach access. Living among these communities not only proves that you are living among the elite rather it provides different options to choose for both singles and families.
A Brief Overview of the Communities
Dubai Marina
When it comes to neighbourhoods in Dubai, Dubai Marina is one of the most preferred. Tall buildings, opulent apartments, a variety of dining options, entertainment venues, cruise ships, and shopping thoroughfares can all be found in this waterfront neighbourhood. They are all conveniently accessible by direct public transportation connections and an abundance of readily available taxis. Spreading across two miles, the waterfront city within a city is designed to accommodate 120,000 people upstairs in its surprisingly tall towers. Every new building seems to have a more beautiful architectural layout than the one before it, a phenomenon brought about by the burgeoning high-architecture skyline. Dubai Marina is one of the world's most popular tourist destinations because, despite its seemingly never-ending construction, every project is worthwhile due to the city's breath-taking skyline of skyscrapers.
Jumeirah Beach Residences
One of Dubai's most lively attractions, Jumeirah Beach Residence (JBR), is known for captivating tourists with its allure. Forty tall buildings, arranged into six clusters, provide spectacular views of the Arabian Gulf at this exceptional waterfront community. The stunning sea views offered by each of the apartments for sale in this large development add to the development's overall charm. JBR is one of the most sought-after developments in Dubai, providing a posh yet lively lifestyle that appeals to a youthful and active population. The Walk, a famous beachside boulevard, is the focal point and meets the needs of both locals and tourists in terms of dining and shopping. Rich waterfront apartments in the neighbourhood are perfect for young couples and families seeking a lively setting with all the amenities of a well-kept resort. Fun-loving and adventure-seeking residents are catered to with the abundance of activities and picturesque beach views. Residents, visitors, and locals alike greatly appreciate the expanding array of excellent dining establishments.
Why Investors Prefer these Communities
When discussing real estate, it is possible to state that Dubai Marina provides a variety of property options to suit every taste and budget. Exquisite penthouses, apartments with views of the city and sea, and chic waterfront residences are examples of high-end residences that cater to discriminating buyers. Dubai Marina and JBR are real estate opportunities for a homeowner hoping to live a dynamic life and an investor hoping to earn high rental income. There are some major important tips that must be considered before financing in these popularly demanded areas. These points will provide a comprehensive understanding about the advantages of investing in Dubai Marina and JBR.
Location
This area gets very crowded because of the Dubai Marina and JBR, which have made their mark as popular tourist destinations in Dubai, as well as the city's rapid population growth. The best option in this situation is to choose a home in the tower that gives an easy access in and out of the neighbourhood so people can avoid traffic and still take advantage of all that these communities have to offer. In JBR, Murjan is considered a good option for Islamic residents as it has a mosque. The Murjan towers 2 and 3 are the best available in JBR, even in terms of quality. The quality of all six towers (Murjan, Shams, Amwaj, Rimal, Bahar, and Sadaf) is significantly better than anything else in the region."
Brigitte asserts that Trident Grand, Botanica, and Al Bateen are excellent choices in the Dubai Marina for people desire to avoid the traffic. Apart from this, one of the better spots on the Dubai Marina is Marina Keys. "Marina Quays has one of the best locations as it's right on the Dubai Marina and provides easy accessibility to the tram”, Brigitte says. For people who want a room, an average Emirates Crown two-bedroom apartment can be as large as 2,600 square feet. Through contrast, a typical two-bedroom flat in Dubai Marina spans roughly 1,400 to 1,600 square feet.
Stunning Views
According to Brigitte, if you're higher up, the majority of the buildings in the Marina have fantastic views of the Palm Jumeira. However, remember that a better view comes with a higher premium. Views of the Dubai Eye, a landmark that is slated to become the largest ferris wheel in the world, are excellent from Al Bateen. Although, views are not the sole reason for investing in a property but it’s one of the most preferred luxury living lifestyle.
Service Charges
Brigitte is informed that Emaar Six Towers has one of the lowest service charges, currently available for AED 13/square feet. "The presence of a strong homeowner's association has helped keep the rates down." This factors is highly encoring to but a property and benefit with financial savings.
The Perks
There are benefits to being a part of one of Dubai's busiest metropolitan communities. Al Bateen, for instance, is the only development with an alcohol licence, complete sea views, and a private beach. In JBR every second cluster offers the facilities of gym and mosque, all locals receive almost 20% off in their eateries. These factor contribute in the large demand of these prevailing areas. Another aspect is that investors in Dubai Marina frequently use short-term rental structures with their properties, listing them as vacation rentals on vacation home provider websites like Airbnb. In the Dubai real estate market, this enables investors to fully capitalise on Dubai Marina's appealing location and standing as a popular tourist destination. The prices of vacation homes in Dubai Marina are significantly lower than those of other large international cities with comparable amenities, such as New York and London, which attracts investors and tourists alike.
Off-Plan Options
Off-the-plan homes have a variety of amenities and features and are constructed using the most recent technology and designs. The developers have a keen focus on the emerging trends in luxury catering the demand of people, because of this, the property draws high-end renters who are prepared to pay top price for the opulent lifestyle it provides. New construction is continuously being added to Dubai Marina and JBR. The most prominent of these is Marina Gate, a project whose completion is scheduled for mid-2018. This project features direct access to the marina berths and is composed of three towers.
In conclusion, a strong return on investment is what would draw any investor to a given location! When compared to ROIs in cities like Hong Kong or New York, which return yields between 3-4%, Dubai Marina offers investors one of the most profitable places in the world to own real estate, with average annual rental yield returns of between 5-6%. Not to add, with average annualised returns of 8.22% compared to an estimated 6.1% market return, Dubai Marina is among the top-performing areas on SmartCrowd. In light of its prime location and the well-thought-out plans for Dubai Marina and JBR, investors can anticipate that their properties will not only generate high rental yields year after year but also gradually increase in value as a means of reselling. This makes it one of the most sought-after areas for both tourists and residents to live.
