After a brief hiatus owing to COVID-19, the Dubai property market has made a strong comeback. Several major segments of the market are currently performing incredibly well, making it an excellent time to invest.
Effective pandemic management, timely vaccine availability, and incentives for buyers and investors are just a few of the factors that have contributed to the Dubai property market’s remarkable rebound. The impact of Expo 2020 Dubai, on the other hand, cannot be overlooked. The one-of-a-kind event, which is attracting large crowds from all over the world, has boosted numerous areas of the economy, including the real estate market.
Areas near the Expo 2020 site, in particular, are seeing a lot of activity, making them good real estate investment opportunities.
Why Should You Invest in Areas Near Expo 2020 Dubai?
Let’s have a look at some compelling reasons why you should invest in the residential areas near Expo 2020 Dubai before we go into the details of the residential areas available for investment:
Long-Term Feasibility: Expo 2020 will have a long-term impact. Even after the event, the site will be developed into District 2020, a mixed-use community, which will assist Dubai’s economy and property market in the long run.
Easy Accessibility: The Expo 2020 Dubai site and the neighborhoods surrounding it are now easily accessible thanks to the new Dubai Metro route, which adds to residents’ convenience.
A Notable Increase in ROI: As a result of the increased attention given to these sectors as a result of the major event, their ROI has increased significantly.
A Variety of Properties to Choose From: For investment purposes, you can choose from a variety of apartments, townhouses, and villas for sale in these places. Off-plan houses are also available in some regions.
Real Estate Investment in Residential Communities Surrounding the Expo 2020 Site:
South of Dubai:
The list of high-return locations near Expo 2020 Dubai would be incomplete without adding Dubai South, the community that will host the international event. Expo 2020 Dubai will become the most significant urban development not only in the Emirate but also in the country after it closes its curtain and transitions into District 2020.
It is a rapidly growing community that covers 145 square kilometers. There are both flats and villas in the area, but however, when it comes to return on investment, the latter outperforms the former. Purchasing a villa in this area will yield a 5.26 percent return on investment.
Jumeirah Golf Estates:
Jumeirah Golf Estates is one of Dubai’s premier golf communities, with a sprawling landscape and lush natural spaces spanning 1,100 hectares. It is one of Dubai’s most tranquil areas, with five gorgeous lakes. In addition, this neighborhood is home to two fantastic golf courses.
When it comes to property selection, it’s the finest option if you’re looking to buy a villa in Dubai as an investment. Because the villa market in Dubai is rising, purchasing one at Jumeirah Golf Estate could be a wise investment. It provides 6.47 per cent. The development also has luxury townhouses with modern facilities in addition to villas.
Al Furjan (Al Furjan)
Another region near Expo 2020 Dubai that has become a popular choice for investors is Al Furjan. You can buy property in this neighbourhood if you prefer gated communities in Dubai. With a ROI of 5.62 percent for villas and 6.68 percent for apartments, it is excellent for both.
Residents can easily access Sheikh Mohammed Bin Zayed Road and Sheikh Zayed Road thanks to the community’s excellent position. It is one of the most important aspects in its success since it makes it easier for them to access the rest of the Emirate Another reason for its popularity in the real estate market is its tranquil setting. It has planted gardens that give it a feeling of freshness. The cost of living in this area is currently moderate. However, according to Zoom Property Insights, they are projected to rise in the near future, creating a lucrative opportunity for investors looking for properties near Expo 2020 Dubai.
Dubai Investment Park:
Dubai Investment Park, a more ideal option for apartments and located adjacent to Expo 2020 Dubai, is another place with a strong return on investment. It’s primarily a mixed-use neighbourhood with business and residential properties for sale and rent. The Dunes Village, Ritaj, Ewan Residences, and Green Community, on the other hand, have apartment buildings. The majority of them are low and mid-rise structures with cutting-edge amenities, providing inhabitants with a luxurious lifestyle.
Another reason Dubai Investment Park remains a popular choice among investors is its closeness to Sheikh Mohammed Bin Zayed Road. It provides an 8.26% return on investment for flats.
Garden of Discovery:
The picturesque Discovery Gardens by Nakheel is next on the list of top communities with good ROI near Expo 2020. It has thematic clusters, such as:
Zen, Contemporary, Mediterranean, Mogul, Cactus, Mesoamerican.
291 low-rise towers nestle apartments in various configurations, including studios, one- and two-bedroom flats, in these clusters. Sports courts, swimming pools, basement parking, walking, cycling, and jogging tracks, and other amenities and facilities are available to residents.
Discovery Gardens can generate a 7.54 percent return on investment for investors. So, if you’re looking for an apartment for sale in Dubai to invest in, you may check through the listings and choose the ideal one to put your money into.
Overall, the property market in Dubai has a lot of potential for those looking to invest. Because the market is currently rebounding, now is an excellent moment to purchase real estate as an investment, as values are likely to rise in the near future.