“International City” tops the list of the best areas to achieve investment returns in Dubai
International City is distinguished by its affordable housing units and its strategic location.
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According to a recent report by Bayut.com about the best places to invest in real estate in Dubai, based on the criterion of return on investment, the International City ranked first among the seven regions in Dubai, with the highest return on investment in Dubai at 7.51%. With the appropriate housing prices, its strategic location, and its great cultural diversity, unlike other areas in Dubai, it consists of different neighborhoods designed according to the architecture prevailing in 10 countries of the world.
The report, which was obtained by «Emirates Today», indicated that the region witnessed, during the past six months, an increase of 0.86% on the average price per square foot to reach 447.18 dirhams, based on the movement of demand in the region, where the average price of the studio amounted to 215,000 dirhams, while The average price of one-room apartments for sale in International City reached 312 thousand dirhams. As for the largest apartments in terms of space, the average price of two-bedroom apartments in International City was about 688 thousand dirhams.
In second place, Dubai Silicon Oasis came, with an investment return of 7.06%, and the area is one of the most integrated areas in the emirate, as it is characterized by advanced modern facilities such as shops, educational institutions and hotels, which made it one of the most important residential areas in Dubai and the most in demand for buying and renting. Apartments, which contributed to an increase in real estate prices by 2.33%, as the average price per square foot increased to 597.24 dirhams. 447 thousand dirhams, as for apartments with two rooms and a hall, the average price was 816 thousand dirhams.
In third place came Dubai Sports City, which is a preferred option for many individuals and families in the Emirate of Dubai. The strategic and distinguished return on investment, which reached 6.91%.
The area witnessed an increase in the average price per square foot by 4.02% to reach 611.5 dirhams, and accordingly the average price of a studio amounted to 309 thousand dirhams, while the average price of one-room apartments for sale in Dubai Sports City reached about 459,000 dirhams, and two rooms and a hall averaged 729 thousand dirhams.
In fourth place came the Jumeirah Lakes Towers area, which witnessed a remarkable increase in the average price per square foot by 6.14%, to reach Dhs870.26, as the average price of studios in JLT increased to 426,000, while the average price of one-room apartments for sale in the towers Jumeirah Lakes amounted to 762 thousand dirhams, and the average price of two-bedroom apartments reached 1.22 million dirhams.
In fifth place came Jumeirah Village Circle, with a return on investment of 6.22%, which made it a preferred destination for many investors.
In sixth place, the Dubai Marina area is distinguished by its superiority over many areas of Dubai in terms of return on investment, reaching 5.54%, and with the increasing demand for buying real estate in it, the average price per square foot has witnessed a remarkable increase by 7.11% to reach AED 1242.
And in the seventh and last place, the Business Bay area was among the best areas in Dubai in terms of investment return, with a return on investment for residential units of 5.39%, while apartment prices have increased significantly since the beginning of the year.
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