What would I spend $1m on in the Dubai Property market?

Latest report in Gulf News

https://gulfnews.com/business/property/cityscape/what-a-million-dollars-can-buy-in-dubai-1.2285122

Laura Victoria Adams, managing director of Carlton Real Estate


Off-plan plus ready units

I would go for a selection of off-plan and ready income-generating properties, as a portfolio of properties in different areas gives a better success rate for benefiting from both appreciation and yields. I would buy a few studios or a one-bedroom apartment in a high demand rental area such as IMPZ or Jumeirah Village Circle (JVC). Both JVC and IMPZ are affordable areas for tenants. The units here are always in demand. In a high market, people move from Dubai Marina and Business Bay to these areas, and in a low market, people relocate from International City and as far as Sharjah to capture the cost-efficient rental prices.

  I would go for a selection of off-plan and ready income-generating properties, as a portfolio of properties in different areas gives a better success rate for benefiting from both appreciation and yields.

 – Laura Victoria Adams 

 

So I would go in for five properties, three ready and two off-plan. For ready it would be a studio and one-bedroom apartment in Dubai Sports City, around Dh370,000 and Dh590,000 respectively, and a furnished one-bedroom in Dubai Marina for Dh820,000. For off-plan, it would be a one-bedroom unit from one of the developments at Emaar’s beachfront project priced at around Dh1.3 million, suitable for short-term holiday lease, and a studio at JVC for Dh361,000.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.