As per the latest study, the UAE is expected to attract 4,500 millionaires globally in 2023. If you’re a millionaire who is either looking to invest or migrate to this beautiful city of golden dreams or planning to move in, this blog will give you insights into the areas that are popular among millionaires.

So where exactly are these investors investing in Dubai?

In this blog, we’ll talk about the 10 most popular areas in Dubai that are becoming the preferred choice of investors moving to the city. 

Here are the top 10 most popular areas where millionaires are making property investments in Dubai:

• Downtown

• Palm Jumeirah

• Dubai Hills Estate

• Dubai Creek Harbour

• Business Bay

• Dubai Harbour

• Mohammed Bin Rashid City

• JVC

• Dubai South

• Emirates Hills

Rental Yield Assessment: Q1 2023

Downtown

Attractive properties: Downtown Dubai offers a range of high-end properties with world-class amenities and stunning views of the Burj Khalifa, the Dubai Fountain, and the city skyline.

Access to famous landmarks: Downtown Dubai is home to some of the most iconic attractions in the city, such as the Burj Khalifa, the Dubai Mall, the Dubai Opera, and the Souk Al Bahar. Living here means being close to these cultural, entertainment, and shopping destinations.

Proximity to major business hubs: Downtown Dubai is well-connected to other important areas of the city, such as Business Bay, DIFC, and Sheikh Zayed Road. This makes it convenient for ex-pats who work in these sectors or want to invest in them.

A vibrant lifestyle: Downtown Dubai offers a cosmopolitan and lively lifestyle, with plenty of restaurants, cafes, bars, hotels, and events to choose from. There is always something happening in this area, whether it is a musical show, a fireworks display, or a festival.

A pet-friendly neighbourhood: Downtown Dubai is one of the few areas in the city that allows pets in most of its buildings and public spaces. There are also several parks and walking trails nearby where pet owners can take their furry friends for some exercise and fresh air.

Easy access to public transport: Downtown Dubai is well-served by public transport options, such as the metro, buses, taxis, and trams. This makes it easy to commute to other parts of the city or explore its attractions without having to drive or pay for parking.

A family-friendly community: Downtown Dubai is not only suitable for singles and couples but also for families with children. There are many schools, nurseries, playgrounds, and kid-friendly activities in the area. There are also several healthcare facilities and supermarkets nearby for convenience1.

Palm Jumeirah Unique properties: Palm Jumeirah offers a range of exclusive properties, from beachfront villas and penthouses to luxury apartments and townhouses. These properties offer stunning views of the Arabian Sea, the Dubai skyline, and the Atlantis resort.

World-class attractions: Palm Jumeirah is home to some of the most famous hotels, restaurants, and beach clubs in Dubai, such as Atlantis The Palm, Anantara, Waldorf Astoria, Nobu, and 101 Dining Lounge. Living here means being close to these leisure and entertainment destinations.

Exceptional lifestyle: Palm Jumeirah offers a resort-like lifestyle, with access to private beaches, pools, spas, gyms, and other amenities. There are also plenty of activities to enjoy, such as water sports, golf, shopping, and dining.

High returns: Palm Jumeirah is one of the most sought-after areas for luxury properties in Dubai, with high demand and limited supply. This makes it a lucrative investment option, with the potential for capital appreciation, rental income, and tax benefits.

Resident visa: Buying a property in Palm Jumeirah can also qualify you for a resident visa in the UAE, which allows you to live and work in the country without paying personal income tax.

Dubai Hills Estate

Central location: Dubai Hills Estate is located in the heart of MBR City, close to Al Barsha, Al Quoz, and Sheikh Zayed Road. It is easily accessible from other parts of the city, such as Downtown Dubai, Dubai Marina, and Emirates Hills.

Quiet and peaceful: Despite being in a central location, Dubai Hills Estate offers a serene and tranquil environment, surrounded by greenery, parks, and golf courses. It is ideal for those who want to escape the hustle and bustle of the city.

Family-friendly amenities: Dubai Hills Estate has a range of amenities and facilities for families, such as schools, nurseries, hospitals, malls, supermarkets, and restaurants. There are also plenty of leisure and entertainment options, such as the Dubai Hills Mall, the Dubai Hills Park, the Dubai Hills Golf Club, and the Dubai Hills Boulevard.

Variety of properties: Dubai Hills Estate offers a variety of properties to suit different tastes and budgets, from luxury villas and penthouses to apartments and townhouses. These properties are designed with modern interiors and high-quality finishes and offer stunning views of the city skyline and the golf course.

Promotes an active lifestyle: Dubai Hills Estate encourages its residents to lead a healthy and active lifestyle, with access to sports facilities, gyms, spas, jogging and cycling trails, and playgrounds. There are also several events and activities organized by the community throughout the year1.

Dubai Creek Harbour Mega-development: Dubai Creek Harbour is a massive project that aims to create a vibrant destination that combines the best of city living, business, and leisure. It will feature a mix of residential, commercial, retail, leisure, and cultural attractions, spread over six districts.

Iconic location: Dubai Creek Harbour is located on the banks of the historic Dubai Creek, which is the birthplace of the city and a major trading route. It offers stunning views of the creek, the city skyline, and the upcoming Dubai Creek Tower, which will be the tallest structure in the world.

Innovative design: Dubai Creek Harbour is designed with modern architecture, sustainability, and smart technology in mind. It will feature state-of-the-art infrastructure, lush green spaces, and various activities and amenities for residents and visitors. It will also be home to the world’s largest wildlife sanctuary, the Ras Al Khor Wildlife Sanctuary.

High returns: Dubai Creek Harbour is one of the most sought-after areas for luxury properties in Dubai, with high demand and limited supply. It offers investors a lucrative opportunity to capitalize on the city’s iconic skyline and lifestyle while providing world-class facilities and amenities for residents and businesses. It also offers tax benefits, freehold ownership, and resident visa options for property buyers.

Easy accessibility: Dubai Creek Harbour is strategically located between two major districts of Dubai, Dubai Creek Harbour and Dubai Marina. It is easily accessible from both areas by road, metro, water taxi, or bike. It is also close to Dubai International Airport, making it convenient for travellers and expats.

Business Bay

Prime location: Business Bay is located in the heart of Dubai, close to Downtown Dubai, DIFC, and Sheikh Zayed Road. It is easily accessible from other parts of the city by road, metro, bus, or water taxi. It is also close to Dubai International Airport, making it convenient for travelers and expats.

Modern lifestyle: Business Bay is a vibrant and cosmopolitan area that offers a range of residential, commercial, retail, leisure, and entertainment options. It has a mix of luxury apartments, serviced apartments, hotels, offices, shops, restaurants, and cafes. It also has several attractions, such as the Dubai Canal, the Marasi Promenade, and the Bay Avenue Park.

High returns: Business Bay is one of the most popular areas for property investment in Dubai, with high demand and limited supply. It offers investors a lucrative opportunity to capitalize on the city’s dynamic business and tourism sectors while providing world-class facilities and amenities for residents and businesses. It also offers tax benefits, freehold ownership, and resident visa options for property buyers.

Portfolio diversification: Business Bay offers a variety of property types and sizes to suit different tastes and budgets, from studios to penthouses. It also offers different investment options, such as buying off-plan properties, ready properties, or commercial properties. Investing in Business Bay can help investors diversify their portfolios and reduce their risk exposure.

Dubai Harbour

Waterfront location: Dubai Harbour is a new waterfront development that spans 20 million sq. ft. along the Arabian Gulf. It offers stunning views of the sea, the Palm Jumeirah, and the Ain Dubai, which will be the world’s largest observation wheel.

World-class attractions: Dubai Harbour will feature a range of attractions and amenities for residents and visitors, such as a cruise terminal, a marina, a yacht club, a shopping mall, hotels, restaurants, cafes, and entertainment venues. It will also be home to the Dubai Lighthouse, a 135-meter tower that will have an observation deck and a luxury hotel.

Modern lifestyle: Dubai Harbour will offer a cosmopolitan and luxurious lifestyle, with access to state-of-the-art facilities and services. It will have smart technology, such as facial recognition and smart parking. It will also have a pedestrian bridge that will connect it to Palm Jumeirah and a monorail that will link it to Bluewaters Island.

High returns: Dubai Harbour is one of the most anticipated projects in Dubai, with high demand and limited supply. It offers investors a lucrative opportunity to capitalize on the city’s tourism and maritime sectors while providing world-class facilities and amenities for residents and businesses. It also offers tax benefits, freehold ownership, and resident visa options for property buyers.

Easy accessibility: Dubai Harbour is strategically located between Dubai Marina and Jumeirah Beach Residence, two of the most popular areas in the city. It is easily accessible from both areas by road or water taxi. It is also close to Sheikh Zayed Road, Al Maktoum International Airport, and Expo 2020 site.

Mohammed Bin Rashid City

Master plan development: Mohammed Bin Rashid City is a massive project that aims to create a city within a city, with four major components: theme parks, retail, art, and an environment for sustainability and entrepreneurship. It will feature some of the world’s largest and most innovative attractions, such as the Mall of the World, the Dubai Creek Tower, the Dubai Lighthouse, and Universal Studios.

Freehold property: Mohammed Bin Rashid City is an exclusive freehold area for foreign investors, which means they can own properties outright without any restrictions or limitations. This gives them more security, flexibility, and control over their investments.

Prime location: Mohammed Bin Rashid City is located in the heart of Dubai, close to Downtown Dubai, Business Bay, DIFC, and Sheikh Zayed Road. It is easily accessible from other parts of the city by road, metro, water taxi, or monorail. It is also close to Dubai International Airport, Expo 2020 site, and Al Maktoum International Airport.

Greenery and waterfront: Mohammed Bin Rashid City offers a serene and tranquil environment, surrounded by greenery, parks, golf courses, and waterways. It offers stunning views of the Arabian Gulf, Palm Jumeirah, and Ain Dubai. It also hosts the world’s largest wildlife sanctuary, the Ras Al Khor Wildlife Sanctuary.

Variety of properties: Mohammed Bin Rashid City offers a variety of properties to suit different tastes and budgets, from luxury villas and penthouses to apartments and townhouses. These properties are designed with modern architecture, sustainability, and smart technology in mind. They offer world-class facilities and amenities for residents and businesses. JVC

Apartments in Jumeirah Village Circle have recorded an appreciation of 7.83% in sales price per square foot, to average at AED 908 in Q1 2023.

Affordable properties: Jumeirah Village Circle offers a range of affordable properties, including apartments, townhouses, and villas. These properties are designed with modern architecture, spacious layouts, and quality finishes. They offer high rental yields and capital appreciation for investors, as well as comfortable and convenient living for tenants.

Family-friendly amenities: Jumeirah Village Circle has a range of amenities and facilities for families, such as schools, nurseries, parks, fitness centres, clinics, hospitals, and pharmacies. It also has several shopping destinations, such as Circle Mall, Al Khail Avenue, and City Centre Me’aisem.

Central location: Jumeirah Village Circle is located in the heart of New Dubai, close to Al Khail Road and Sheikh Mohammed Bin Zayed Road. It is easily accessible from other parts of the city, such as Dubai Marina, Jumeirah Beach Residence, Downtown Dubai, and the Expo 2020 site.

Greenery and tranquillity: Jumeirah Village Circle offers a serene and tranquil environment, surrounded by greenery, gardens, and water features. It offers stunning views of the city skyline and the Arabian Gulf. It also promotes a healthy and active lifestyle, with jogging and cycling trails, sports facilities, and playgrounds.

Dubai South

Strategic location: Dubai South is a master-planned city that spans over 145 sq. km. near the Al Maktoum International Airport and the Expo 2020 site. It offers easy access to other parts of Dubai, Abu Dhabi, and the Northern Emirates by road, metro, and rail. It is also close to Jebel Ali Port, Dubai Investment Park, and Dubai World Central.

Future-oriented vision: Dubai South is designed to be a smart and sustainable city that supports the UAE’s vision for economic diversification, innovation, and social development. It aims to create a vibrant destination that offers a range of residential, commercial, industrial, logistics, aviation, and humanitarian sectors. It will also host the world’s largest airport, the Al Maktoum International Airport, which will have a capacity of 220 million passengers per year.

Affordable properties: Dubai South offers a range of affordable properties, including apartments, townhouses, and villas. These properties are designed with modern architecture, spacious layouts, and quality finishes. They offer high rental yields and capital appreciation for investors, as well as comfortable and convenient living for tenants.

Family-friendly amenities: Dubai South has a range of amenities and facilities for families, such as schools, nurseries, parks, fitness centres, clinics, hospitals, and pharmacies. It also has several shopping destinations, such as The Pulse Mall, The Village Mall, and Festival Plaza. It also offers a variety of leisure and entertainment options, such as golf courses, sports complexes, cinemas, and restaurants.

Tax benefits: Dubai South offers tax benefits for property buyers and investors, such as no personal income tax, no corporate tax, no property tax, no capital gains tax, and no VAT on residential properties. It also offers freehold ownership and resident visa options for property buyers.

Emirates Hills

Luxury properties: Emirates Hills is one of the most prestigious and exclusive areas in Dubai, offering a range of luxury properties, such as villas, penthouses, and townhouses. These properties are designed with French-themed architecture, spacious layouts, and high-quality finishes. They offer stunning views of the golf course, the city skyline, and the Arabian Gulf.

World-class amenities: Emirates Hills is home to one of the most famous golf resorts in Dubai, the Address Montgomerie. The resort offers an 18-hole championship golf course, a golf academy, a spa, a gym, a pool, and several dining and entertainment venues. Residents of Emirates Hills have easy access to these facilities and services.

Freehold ownership: Emirates Hills is a freehold area, making it a perfect option for ex-pats and foreign investors looking for luxury properties. Residents are free to do whatever they want within their property legally without having to answer to anyone else. They also enjoy tax benefits, capital appreciation, and resident visa options for property buyers.

Family-friendly area: Emirates Hills is a family-friendly area with an array of amenities on offer. One of the advantages of living in Emirates Hills is that you get easy access to schools, parks and kids’ play areas. Emirates Hills regularly organise family days, open markets and other exciting activities to bring people together.

Central location: Emirates Hills is located in the heart of Dubai, close to Sheikh Zayed Road and Al Khail Road. It is easily accessible from other parts of the city, such as Dubai Marina, Jumeirah Beach Residence, Downtown Dubai, and Business Bay. It is also close to Dubai International Airport, making it convenient for travellers and expats.

Dubai’s booming housing market, world-class infrastructure, and safe & secure environment is attracting the world’s rich to experience its lifestyle. If you’re also looking forward to relocating or making an investment in Dubai, hope this piece helped you to decide which area you’ll move in. If not, you can write us at info@zoltanproperties.com or call on +91 8448448804 to get in touch with our expert advisors. Whether you’re looking to buy villas or apartments in Dubai, or townhouses or penthouses for sale in Dubai, our expert advisors suggest you the best properties taking your budget and investment goals into consideration.

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