People desire to have changes in life to make the life more interesting. When people get good opportunity to move to a new city then they just love to grab it.
There are various cities in which people love to shift to and get rich quickly. One such beautiful city is Dubai, a city of the Gulf. The best time for Dubai real estate investment 2017 when you can buy the best home in Dubai.
When you plan to have a wonderful home at Dubai then there are various factors to be considered which does depend if you are single or you are married, if you are having children or the pets. It also depends on what you prefer to do as the hobby and where is your work place.
Well, here is the list of different communities of Dubai which will help you to narrow down your research to select the best home.
9 communities in Dubai to watch out for:
#1 Dubai Marina community:
Dubai Marina is one of the best property of Dubai where people desire to have a beautiful home in. It provides the wonderful location than any other localities in Dubai. The waterfront location, the awesome marina lifestyle and the elegant, the neighborhood is located near the Interchange 5 on the Sheikh Zayed Road and its just very few minutes away from the class business hubs, for instance Dubai Internet city and also Dubai Media city. The unrivaled amenities of this wonderful locality includes multifarious retail and the dining options and they are also very pedestrian-friendly Marina Walk which are scattered with various and different kinds of the restaurants, cafes and also the retail avenues as such. Different kinds of Dubai properties for sale at the Dubai Marina includes some of the best and amenity-rich developments in the whole Emirates. This classy community offers various Dubai properties for sale in Dubai Marina which is generously sized and ranges from studios to one beds and from stunning 4 bed pads to the trendy penthouses. There are different music/entertainment community like 10 best places for live music in Dubai.
#2 Jumeirah Lake Tower Community (JLT):
Feel the perks of urban lifestyle and also the cosmopolitan vibration at Jumeirah Lake Towers as such. You would feel over the moon when you start living at the beautiful city of Dubai. It is the stunning and fast-paced residential and the classy business hub. Nestled near Dubai Marina, Dubai properties for sale at JLT provides amazing advantages of the wonderful lifestyle. The unrivaled views of the lovely lake, modern living spaces, the lush promenades which lines the lake and urban conveniences which is just the pleasant wandering through.
Moreover, Dubai properties for sale at the Jumeirah Lake Towers also provides incredible returns in investment. Not priced too high, these are the classy places in the city which includes Green Lakes Towers (Cluster S) due to their nearness from Dubai Metro station.
#3 Discovery Gardens:
This is yet another best community of Dubai which is released by property consultancy Land Sterling. It offers the best communities/ activities like 15 ways to have fun in Dubai. This Discovery Gardens is located at Sheikh Zayed Road.
The rental yield is the 10.2% in the year 2015 as compared to 9.4 % which was in the year 2014.
In this area, the average selling prices has decreased to Dh846 per square foot (psf) which is down by 7%, from Dh913 psf in the year 2014.
The net rental yield amounted to 8.77% which was 8.04% in the year 2014. The rents were around Dh51,000 and also Dh97,000 p.a.
#4 Jumeirah Village Circle:
This Jumeirah Village Circle is also the best community of Dubai. It offered the gross and net rental returns of around 105 and 8.86% respectively in 2015. In the year 2014, it was 8.50% gross and 7.42% net rental yield.
The Average sales price were around Dh868 psf compared to Dh956 in the year 2014. The rents when compared to both years are Dh53,000 and Dh140,000 p.a as compared to the year 2014 which were Dh51,000 and Dh125,000 p.a.
#5 Dubai Silicon Oasis:
Dubai Silicon Oasis is yet another incredible community of Dubai. In the year 2015, the gross and rental yield was 9.80% and 8.38%. In the year 2014, the gross and net rental yields were 9.50% and 8.10%.
In the year 2015, the average sales price was around Dh820 psf and in the year 2014, it was Dh825. The rents of both the years respectively were Dh49,000 and Dh88,000 in the year 2015 and in 2014, the rents were Dh 47,000 to Dh87,000 p.a in the year 2014.
#6 The International city:
This particular community had the gross and net rental returns of 9.20% and 8.29% of the last year and of the year 2014, it was 8.60% and 7.71% respectively. The unit prices were Dh729 psf and the rents amounted to Dh38,000 to Dh99,000 p.a change.
#7 Downtown Dubai:
The gross and the net rental returns were around 6.40% and 5.60% in the year 2015. Average sales amounted to Dh2303 psf and the returns amounts to around Dh92,000 and Dh246,000 respectively p.a.
As per the sources which analyses different properties price performance of different communities of the world, it says that Dubai provides rental income of around 7.1 per cent which is the highest in the world.
#8 Business Bay:
This particular community is one of its kind which yields very good return. It reported the gross and net rental yield of 8.50% and 7.85% respectively for the year 2015 and in the year 2014 it was 8.80% and 8% respectively.
Average prices amounted to Dh1425 psf with the rents between Dh85,000 to Dh195,000 p.a.
#9 Dubai Sports City, IMPZ, The Greens:
The class 3 communities as such, Dubai Sports City, International Media Production Zone (IMPZ) and The Greens, all these are at the same position on the gross rental yields. They provide investors with the decent return of 8.80 per cent in the year 2015.
Nevertheless, the net rental yield from Dubai Sports City was around 7.81 per cent in the last year and in the year 2014 it was 7.70%.
Average sales price were Dh1008 psf as compared with Dh984 in the year 2014. IMPZ and The Greens provides net rental returns of 7.71% and the 7.89% return as such.
The Average unit prices amounted to Dh190 psf and Dh 1363 psf and the rents were around Dh44,000 and Dh116,000 and in the latter of The Greens were Dh72,000 and Dh 175,000 p.a. Also check out the place of exciting adventure in Abu Dhabi, UAE.
So there are various communities which provides rental yields. The car lifts community are like car rental Abu Dhabi Dubai UAE.
In the country like UAE, the banks enable foreigners to open the savings account which can be used for depositing rental cheques. The icing on the cake is that the rental income is completely non-taxable.
At the leading classified website you can check for different kinds of communities near your locality itself.