Dubai is a city of dreams and no less than a paradise. Those who visit for leisure end up enduring it much more. Many tourists think about owning a property in the fast-growing city of the UAE. Some invest with the purpose of renting whereas some just want to own a home and stay there wherever they visit. Regardless of what is the reason you are planning to invest in Dubai, make sure that the location you select is top-notch.
In this article, we’d talk about the top 5 waterfront locations in Dubai that are the epitome of luxury, and serenity, and are close to the prime locations.
What is a Waterfront Location?
Imagine owning a house with a view of pristine water from your balcony. That’s exactly what a waterfront location is about. You get to live with the best sight in front. Even if you are planning to invest and convert the property into an Air BnB, tourists would not think twice before approaching you.
So, without further ado, let’s talk about the communities that have modern homes with great amenities.
1. Palm Jumeirah
Palm Jumeirah is an artificial island in Dubai, shaped like a tree. It is known around the world for posh global restaurants, glamorous hotels, and posh towers. The largest artificial island in the world is set around the coast of the Arabian Sea and is connected to the monorail. This 560 hectares of land is one of the favorites for investors, owing to the luxury and exclusivity it has to offer. Palm Jumeirah residents enjoy a beachfront, hotels, restaurants, and entertainment amenities without needing to step out of the community. They have got everything right around their home. Those looking to invest here have options like villas, apartments, and penthouses.
Cost: A six-bedroom apartment would cost approximately Rs. 10 crores while a studio is around Rs. 1 crore. If you are planning to invest in a penthouse, it would cost around Rs. 40 crores while the villas can be purchased for about Rs. 10 crores. Since the annual rent here varies from Rs. 40 lakhs to Rs. 1.5 crore, this waterfront property is a great option for investment.
2. Bluewaters Residences
Bluewaters Residences or Island is yet another artificially-designed waterfront location stretching beautifully near Dubai Marina. It is 400 m away from Jumeirah Beach and is a community with approximately 700 apartments. There are 10 buildings with 15 floors in every tower. This community with a mix of commercial and residential properties is mostly a hotspot of private townhouses and luxurious penthouses. You’d find single-bedroom and four-bedroom flats here. With a view of the beach from every corner, this artificial island is the best waterfront location for investment.
Cost: The range of houses vary according to the flat you select and it usually goes from Rs. 1.5 crores to Rs. 120 crores. Investing here can provide you with a great return on investment as the rent varies between Rs. 16 lakhs and Rs. 1.2 crores. According to the currently booming real estate market, this place is going to get a hike of 6% in rent.
3. Dubai Marina
Dubai Marina holds a special place in everyone’s heart. Be it a tourist or a native, this affluent neighborhood is a dream choice for investors. Opening its gates for the riches, Dubai Marina houses waterfront apartments and skyscrapers that make it one of the best choices for luxury living. The community is spread across 50 million square feet and gives a direct view of Jumeirah Beach. There are approximately 200 towers with 45,000 residents enjoying life. With yacht connectivity and easily-accessible roads, you’d not want to miss investing in a property here. You can select from penthouses and apartments, depending on your requirement.
Cost: The price of a house depends on the kind of property you are buying. It can range between Rs. 70 lakhs and Rs. 538 crore. You can get rental income up to 1.4 crores, making the location a hot place for investment right now.
4. Dubai Creek Harbour
Dubai Creek Harbour is the location with luxury villas and apartments. The best part about this community is the amalgamation of luxury and serenity it offers. It is a thriving place to live, rent, or create your Air BnB. Dubai Creek is located in the Lagoons Community and offers an exquisite view of the sea. You can get to Downton Dubai from here within 10 minutes as the place has seamless road connectivity. This place is also near Burj Khalifa and Ras Al Khor Wildlife Sanctuary with a view of the city’s skyline.
Cost: You can select from villas, mansions, or bedroom units with prices ranging between Rs. 30 lakhs and Rs. 45 crores. The rent here is booming right now and is a great place for investors.
5.Jumeirah Beach Residence
Jumeirah Beach Residence is located in Dubai Marina and is a posh locality preferred by affluent families. It is spread across 1.7 km and has a seafront district that attracts everyone who stays. What makes residents fall in love with this place are the residential towers and hotels. The beach resident is also close to The Beach, The Walk, Dubai Internet City, and Dubai Media City. Here the apartments range from five-bedroom apartments to small studios with the studio owners getting the highest rental income.
Cost: The average cost of apartments range between Rs. 18 lakh and Rs. 100 crore while the rental income earned ranges easily from Rs. 10 lakhs to Rs. 1 crore. Since the Dubai market is booming right now, this is a great time to invest in this property for investment purposes.
Summing Up
Waterfront locations are expensive but their high ROI is what makes these residential properties a preferred choice by many. If you are looking at Dubai estate as an investment then these locations discussed above would be the right choice for increased future profits and long-term benefits.
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