Areas most favored by Dubai’s biggest real estate investors

January 17, 2017 4:29 pm

* Top non-Gulf investors in 2016: India, UK, Pakistan

* Apartments receive maximum amount of sales

* Indians prefer JLT; Brits and Pakistanis prefer Marina

Dubai has proved to be an investor magnet ever since it opened its real estate sector to non-Gulf international investors. The emirate has not looked back from that point onwards and has maintained a commanding march in relation to business activity in its property market.

Throughout 2016, investors belonging to India, United Kingdom and Pakistan topped the list of the biggest non-Gulf international investors in Dubai’s realty sector.

Indians remained the top realty investors in the first half of 2016 by investing AED7.27 billion in Dubai’s real estate. They were followed by British investors who invested around AED4bn. Meanwhile, Pakistani investors invested AED3bn in the emirate’s robust property market.

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To give you a detailed picture of areas most favoured by investors in Dubai, Bayut has compiled a report that will guide you through hot real estate investment zones in the emirate and help you take an informed decision accordingly.

Dubai localities favoured most by top investors

Properties that receive maximum amount of sales fall mostly in the apartment category, which has been known to have one of the best rental yields anywhere in the world. Since Indians, Britons and Pakistanis have been the top investors in Dubai’s property market, we take a look at localities that are preferred by investors belonging to the above mentioned nationalities.

Favourite localities of Indian investors: Indians living and investing outside the country of their origin will mostly invest in residential units in localities that already have a sizeable Indian diaspora.

In Dubai, Indian investors prefer to park their wealth in Jumeirah Lakes Towers (JLT). This claim can be supported by statistics showing that leads generated for sale of apartments in JLT amounted to 19 per cent of all leads generated for buying apartments in Dubai. The average ticket prices for JLT properties searched in detail by Indians amounted to AED1.02 million.

Advantages associated with owning properties at JLT include getting the best value for your money, as the area is located close to commercial and entertainment hubs that include Dubai Marina, Jumeirah Beach Residences and Palm Jumeirah. JLT’s location on central Sheikh Zayed Road also links this place with Dubai Metro and other transportation networks.

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Favourite localities of Britons: Prospective homebuyers belonging to the UK were more inclined to investing in Dubai Marina. This particular locality generated 16 per cent of all leads from UK.

Among the many selling points of Dubai Marina, one is the fact that properties available in this particular locality have mostly remained untouched by market fluctuation in the emirate’s thriving real estate sector. This is so because Dubai Marina has always managed to catch the attention of expats which has kept the demand for residential units in this locality at a constant.

Favourite localities of Pakistani investors: Like Britons, Pakistani investors also showed considerable interest in buying apartments in Dubai Marina. Of all leads generated from Pakistan concerning apartment buying in Dubai, a majority 26 per cent went to Dubai Marina.

Overall, the leads generated by Indians, Britons and Pakistanis for top five localities in Dubai are as follows:

India – JLT (19 per cent), Dubai Marina (18 per cent), Downtown Dubai (11 per cent), Business Bay (9 per cent), Dubai Sports City (8 per cent)

UK – Dubai Marina (16 per cent), Jumeirah Village Circle (11 per cent), Dubai Sports City (10 per cent), Downtown Dubai (9 per cent), JLT (8 per cent)

Pakistan – Dubai Marina (26 per cent), Al Furjan (18 per cent), Downtown Dubai (7 per cent), International City (5 per cent), Jumeirah Village Circle (8 per cent)


Mujeeb Rahman
By Mujeeb Rahman
Mujeeb Rahman is a business journalist at AMEinfo. His areas of focus include economy, markets, politics and international relations in MENA and Asia-Pacific regions. An ex-BBC digital journalist, he delves deeper into the subjects that matter most.