It’s no secret that investors hailing from India, United Kingdom and Pakistan have consistently remained the three biggest, non-Gulf international players in Dubai’s real estate sector for several years. In the first half of the ongoing year, Indians were the top international investors with AED 7.27 billion worth of investment, followed by British who purchased properties worth over AED 4 billion. The third spot went to Pakistanis with investment totaling over AED 3 billion.
Though the information is quite important, Bayut has undertaken the effort to compile a report that lets readers (investors, home buyers and even developers) understand what parts of Dubai this investment is likely going and make adjustments to their real estate decisions accordingly.
Apartment buying
A sizable chunk of real estate investment in Dubai goes towards the acquisition of apartments in the emirate, as they make for an equally good residential option and an investment worth parking capital in.
If you are a home buyer that is looking to live in locality with a lot of Indians, or an investor targeting Indian buyers, then you must put your money in Jumeirah Lakes Towers (JLT). Of all leads for apartments for sale generated from India, JLT earned the most (19%) from Indian prospectors on the lookout for apartments in Dubai. The average ticket prices for JLT properties looked into in detail by Indians was AED 1.02 million.
Units in JLT offer one of the best value for money in the thriving realty sector of Dubai. The area is ideally located close to high-end commercial and entertainment hubs like Dubai Marina, Palm Jumeirah and Jumeirah Beach Residences, and its address on the central Sheikh Zayed Road make it easily accessible through Dubai Metro and other modes of public transport.
However, Pakistanis and Britons home hunters were more interested in buying apartments in Dubai Marina. Marina made up 26% of all leads from Pakistan for apartments for sale, while it constituted 16% of all leads generated from UK, making it the favourite for both nationalities.
Apartments in Dubai Marina have historically been immune to the market fluctuations, as a continued interest of resident expats and investors enable the locality to have its own unique demand.
In order of rank, the top five most popular localities – or the ones that generated most interest when considered in respect of leads they generated – were:
India – JLT (19%), Dubai Marina (18%), Downtown Dubai (11%) Business Bay (9%) Dubai Sports City (8%)
UK – Dubai Marina (16%), Jumeirah Village Circle (11%), Dubai Sports City (10%), Downtown Dubai (9%), JLT (8%)
Pakistan – Dubai Marina (26%), Al Furjan (18%), Downtown Dubai (7%) International City (5%), Jumeirah Village Circle (JVC) (4%)