If you’re looking to buy property in Dubai Marina or property in Business Bay Dubai, then you’ve come to the right place! Dubai is the top market for real estate investors and the Marina and Business Bay areas have attracted lucrative deals. Dubai’s fast-paced market and aesthetics make it a prime opportunity for investors from all around the world.
We will explore the top features that make properties in Business Bay and Marina popular for renters and homebuyers.
Top Reasons to Buy Property in Dubai Marina
Dubai Marina attracts buyers with its stunning waterfront views and centralized location. It’s quite attractive for homeowners who are looking to live in a vibrant community where everything is within reach. Of course, smart investors can capitalize on this demand.
Many experts call Marina “a city within a city” due to the fact that all essentials are found contained within its borders. No matter the demand, it’s probably found within the Marina.
Marina Attracts Intrepid Explorers
A top reason people buy property in Dubai Marina is that it’s one of the few remaining pedestrian cities in the world. Its walkways are uninterrupted, making it easy to walk around the city. Those walks come with fantastic views of towering skyscrapers and fun social destinations.
Dubai Marina caters to a lot of different people too. Some examples include:
- Families looking for a traffic-free place to raise their kids.
- Entrepreneurs who want an elite address.
- City enthusiasts looking for convenience.
Pretty much everything you’d expect from a big city is found within walking distance of residences in this fantastic area.
Dubai Marina is Located Near Popular Destinations
The strategic placement of Dubai Marine makes it a valuable investment. It’s located right next to several of the most popular Dubai destinations. Dubai Marine continues to thrive since businesses are hopping on-board. Much like other popular destinations in the world, Dubai Marine is a melting pot of different cultures and people from numerous backgrounds. This diversity is highly attractive to businesses.
Dubai Marine also has superb transportation that makes it convenient to travel throughout the community. If it’s too far to walk, then the Dubai Metro connects areas conveniently.
Demand and Value Continue to Rise
Demand for residential property in the Dubai Marine area continues to grow. As such, the value is rising to meet that demand. This makes it a prime opportunity for investors.
In addition to being one of the top holiday destinations, Dubai Marine attracts professionals across a wide range of industries. This drives up demand even further by providing businesses access to highly skilled workers. Rental yields approximately 6% annual rates, which are quite high compared to other areas around the world. Major cities like Toronto, New York, and London average around 4% in comparison.
Benefits of Owning Property in Business Bay Dubai
Business Bay has quickly become a popular destination in Dubai thanks to its rapid development. In order to better understand the popularity of Business Bay, it’s best to look at a few of the qualities that make it such a popular investment choice.
Location is a Key Factor
Business Bay is located on the doorstep of the downtown area, which makes it convenient for homeowners. This drives up demand, making it a smart purchase for savvy investors. Downtown is home to popular destinations like The Museum of the Future, City Walk, Dubai Opera, and Dubai Mall. Living close to these types of locations makes the property quite appealing to homeowners so investors are able to capitalize on this desire.
Business Bay’s location also offers some spectacular views of the Downtown skyline. This is yet another factor that makes the prospect of owning a home in this area so appealing. One example of this view in action is the New Year’s firework show. Homeowners get a front row seat that thousands pay to see.
That is one of many examples of the appeal of owning a home in the Business Bay area. So investors are wise to snatch up property in Business Bay Dubai while it’s hot.
Access to Large Working Hubs
The detail is in the name “Business Bay.” This area emphasizes living for working professionals so its economy is strong and sustainable. Business Bay is within reach of prime professional opportunities like the Dubai International Financial Centre and Dubai World Trade Centre.
There are plans stretching all the way into 2040 that are designed to reinforce this economic challenge. The need for living space will continue to grow, making it a great long-term investment.
Business Bay is Also a Social Hub
Business Bay also focuses on maintaining a social life as well as professional. Social hubs are planned into its design and strategically places all around the area. Some examples include The Maine Brasserie, Nusr-Et Steakhouse, and Bombay Brasserie.
The area also has a thriving art and cultural hub that attracts enthusiasts from around the world.
Finally, the annual horse racing event (Dubai World Cup) draws in millions of sports fans to the area.
Property in Business Bay Dubai is interconnected through an impressive array of transportation services. This makes it easy to navigate the city. The area is serviced by an impressive host of water taxis and bus routes. Furthermore, it’s only 15 minutes away from Dubai International Airport.
This level of interconnectivity makes it appealing for entrepreneurs who need to travel around the city for work and further boosts demand.
Investors Need to Act Quickly!
Investors looking to buy property in Dubai UAE need to act quickly to stay ahead of demand. The values are only going to rise as Dubai Marina and Business Bay continue to pick up steam. These are two of the top areas and investors can expect to put together some lucrative deals. If you’re looking to buy property in Dubai Marina or property in Business Bay Dubai, contact us to learn how we can help. Act fast though because these properties are only going to get more expensive.