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Best Areas to Buy a Land in Dubai
Buy a Land in Dubai
If anyone asks a real estate expert about investment, the expert would suggest a list of real estate property investment options, eventually telling you the following: Buy land in Dubai. The reason is quite simple; to buy land in Dubai is to win an investment land or real estate property for a lifetime.
Whether one wishes to buy land in Dubai to build a forever home, to invest in some project, or to build a place to be rented out in the future; buying land in Dubai is indeed one of the best choices one can make. Property investment is becoming very crucial as the days go by and the reason is that with all the money one can make, there is only one way to save it and earn from it; to buy land in Dubai.
While many believe that if they want to buy land in Dubai they will have to pay a large sum of money, here is an interesting fact: even though Dubai is considered to be one of the major cosmopolitan hubs in the whole world, buying a property in Dubai is much less expensive than buying a property in other major cosmopolitan hubs such as Paris and New York City. This is reassuring since individuals will be making a wise investment in a good location. Also, the fact that one can buy land in Dubai, build a nice house, and rent it out, is also another smart investment, especially since rent in Dubai is high.
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What to Consider Before Buying a Land in Dubai?
When individuals find themselves having a significant amount of money, one thing always comes to their mind; investment. Investment can come in different forms and shapes, notably investing in a place or buying real estate property. Buying land in Dubai is also an option that is indeed valid and efficient. Even if it might be expensive, it is still very beneficial for future use, especially if individuals want to build a house to live in or if they simply want to use it for business purposes.
Once again, buying land in Dubai can be very rewarding if the person knows how to manage the land.
However, there are some factors to consider before buying land in Dubai. The following are some of these factors include:
· ROI (Return on Investment)
· Total size of the land
· Purpose of buying the land
· Location of the land
· Environment (neighborhood, city in general)
· Nearby amenities (schools, healthcare, transport, grocery shops, restaurants, nightclubs if needed, etc)
· Total budget to be spent
· Maintenance costs and mortgage rate
· Additional costs and expenses
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Best Areas to Buy a Land in Dubai
Deciding whether to buy land in Dubai or not is really a tough decision to make. The reason is that individuals will be paying a lot of money that they have been saving for a long period of time. However, in Dubai, property choices and lands are many and they are very clear, especially for the ones who set a budget and who know exactly what they want.
For example, if individuals want to buy land in Dubai so that they can build a house and live in it with their family, they will need to be directed towards specific environments and areas. Nevertheless, if individuals want to buy land in Dubai to invest in it and start a business project, they will need to be directed toward business-friendly environments.
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That being said, here are some of the best areas to buy land in Dubai:
1. Dubai Marina
Dubai Marina is one of the areas to buy land in Dubai, especially for the rich individuals who love to live in a rich environment. It is also a good choice for families who want to build a forever home. Dubai Marina is filled with life-sized buildings as well as skyscrapers. This high-end neighborhood is very appropriate for wealthy people who like luxury areas. Furthermore, if you buy land in Dubai that is located in Dubai Marina and decide to build a nice place to rent out in the future, it might be beneficial as the rental yields are about 6.4%.
2. Downtown Dubai
Downtown Dubai is one of the best areas to buy land in Dubai, as it is indeed one of the most populated spots in Dubai with many attractions. The neighborhood is appropriate for the ones who like to enjoy the excellent lifestyle that Dubai is known for. That being said, buying land in Dubai which is located in Downtown Dubai is one of the most beneficial decisions to make as you will be getting maximum profits, no matter what you choose to do with the bought land.
3. Palm Jumeirah
Palm Jumeirah is another area to buy land in Dubai. It is a very good location to live in or to simply build projects that can be beneficial for you in the future. Therefore, Palm Jumeirah is one of the excellent neighborhoods in Dubai that individuals can live or invest in. The most profitable projects of Dubai are located in Palm Jumeirah, which typically adds more value to this area, making it a very good option whether individuals want to buy land in Dubai to live or to invest.
4. Business Bay
Business Bay is one of the best areas to buy land in Dubai. It is lined up with skyscrapers, along with high-rise buildings. It also allows everyone to enjoy a modern lifestyle. That being said, individuals can buy land in Dubai that is located in Business Bay, whether they want to live in it or they want to come up with an investment project that will be beneficial for them in the future.
5. Al-Qudra Road
Al-Qudra Road is one of the best areas to buy land in Dubai, especially for the ones who like quiet places. This somewhat quiet and isolated spot in Dubai is a very good area to live in. It is important to note that investors can also earn the best ROI in Al Qudra-Road. Not to mention that this area includes many lakes that are being discovered, such as Moon Lake and Love Lake.
6. Emaar Arabian Ranches
Emaar Arabian Ranches is on the list of the best areas to buy land in Dubai as well, for so many reasons. First things first, it is a great area with a family environment that suits the ones who wish to buy land in Dubai and build a home for their family. Not to mention that there are many townhouses, luxury villas, and apartments that emerging in that area, making it worth the investment and the purchase of lands.
7. The Springs
The Springs is a neighborhood that is made out of several sub-communities and even residential developments, making this area one of the best areas to buy a land in Dubai. This neighborhood is a calm neighborhood that is away from the crowded city of Dubai but is indeed near enough to travel to Dubai’s central parts. In The Springs, you can find expat communities that are increasingly growing every year.
8. City Walk
City Walk is one of the best areas to buy a land in Dubai. This vibrant and influential area includes so many amenities such as restaurants, chic shops, boutiques, and even shopping centers, making it a good option whether individuals want to live in it or invest in it. That being said, City Walk is a blend of both commercial and residential projects at once. Also, it is perfect for families who want to build a forever home.
9. Areas Near Expo Dubai 2020
The most famous expos ever held in Dubai is Expo Dubai 2020, making the areas near it a very good option if one wants to buy a land in Dubai in a good location. Surprisingly, areas near Expo Dubai 2020 are beginning to gain traction and popularity. The reason is that these areas were previously hard to access, which was solved with the launching of the Route 2020 metro lines. The areas that are located near Expo Dubai 2020 include Al Furjan, DIP, The Gardens, and Jumeirah Golf Club.
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To Buy a Land in Dubai: Is It a Good Investment?
Many still ask themselves if buying land in Dubai is a good investment. The answer is quite simple; everything you choose to do in Dubai is a good investment, especially in the real estate industry.
Therefore, if individuals want to buy land in Dubai to build a house and live in it, then it is indeed a good investment, as they will be cutting down additional expenses such as high rent in this cosmopolitan hub.
Also, individuals can choose to buy land in Dubai and start a lucrative project, whether a business, a mall, a restaurant, or even a residential unit to be rented out. All of these options are valid, convenient, and indeed beneficial, making the choice of buying land in Dubai one of the best investments of all time.
On another note, even if you do not have a plan yet, you can still buy land in Dubai and wait until you feel that you are ready and that you can start making a plan and implementing it.
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Where Can Expats and Foreigners Buy a Land in Dubai?
Not everyone knows that expats and foreigners are able to buy land in Dubai, as this might be a dream coming true.
Luckily, expats and foreigners can buy land in Dubai in the areas designated as freehold plots. That being said, these areas are specifically for non-Emiratis who dream of buying and owning a land in Dubai.
These freehold plots, they are numerous, and they include Dubai South, Pearl Jumeirah, and Business Bay. This has indeed boosted the presence of expats and foreigners in Dubai, making it one of the best cities to live in, even for the ones who are not originally from Dubai or the United Arab Emirates.
In a nutshell, the best areas to buy land in Dubai can never be counted on fingers and this is because Dubai houses a large number of affordable areas that one can buy a land in, both for residents and foreigners.
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