When it comes to Real Estate Dubai, the first thing that comes into the mind is water front properties. Dubai over the decade has evolved tremendously in terms of lifestyle, and from mid-tier to high end Dubai has a great variety to offer in terms of water front developments. Within the widest range of beach front and water front options than any other Emirates throughout GCC, the options include Dubai Marina, Palm Jumeirah, Dubai Creek, Jumeirah, JBR, Jumeirah Islands and so on and so forth.
Amongst all water front properties, Dubai Marina is the most popular choice when it comes to living or investing. The reason behind the fact is not only this is the most developed and largest man made marina in the world, but the lifestyle that this community offers is unmatchable to any other within the region. The green water along with expensive luxurious yachts not only gives the community an outstanding posh view, but with exotic hotels and easy accessibility of schools, hospitals, groceries, cafes, restaurants, malls, children areas and even public transport there are numerous benefits that you can enjoy when you are a part of Dubai Marina.
These amenities and modern lifestyle have not only helped investors to easily rent out at a substantial rental rate, but also has helped in capital appreciation of the property which profits the investor from both prospects. According to a renowned property portal in Dubai named Dubizzle, 1 bed room in Dubai Marina is the most sought after property for rent and for sale with over 20 million searches within a year. A reason that compliments the results is the fact that over 20% of the expat population in Dubai has the salary range that fits within the residents of the 1 bed units in Dubai Marina which is from AED 16K to 25K per month.
Although in terms of investment options, Dubai Marina has residential, commercial and hotel options as well, however the rental returns of Residential units are more than any other community within the region which averages to about 10% as compared to market net rental return of 7%. Over the past 3 years Dubai Marina, has been able to maintain its top position in terms of rental returns and online searches because of its consistent demand, and the expert predicts that with more developments in Marina nearing to completion the demand will further grow which will attract more investors to opt for buy-to-let investments within this region.
It is always advised that when opting for any investment and especially in Dubai Marina, the best is to discuss your requirements with an area specialist first. SPF Realty is a leading real estate firm in Dubai with specialized area consultants. If you are thinking to invest in Dubai, feel free to contact any of our Dubai Marina specialists through our website SPFRealty.com or connect to consultant directly through Find your Agent page.