UAE’s Best Property Hotspots Offering 9% Returns

  Photo:Reuters

If you’re thinking about buying property in the UAE, 2024 might be a good time to do it. Experts have shared six main places where property can give you a return of up to 9%. These areas are growing fast, and many people from inside and outside the country are showing interest.

Check out these six best places to invest:
1. Jumeirah Village Circle (JVC), Dubai
JVC is a well-known area in Dubai. It has new buildings, parks, and homes that are not too costly. People who have invested here are getting around 8% to 9% rental returns.

2. Business Bay, Dubai
This place is near Downtown Dubai. It has a mix of homes, offices, and hotels. Many people live and work here. That’s why owners earn good rent every month.

3. Dubai Marina
Dubai Marina is loved for its sea views and fancy lifestyle. It’s always busy with tourists and residents. Homes here are in demand, which helps investors earn well.

4. Al Reem Island, Abu Dhabi
This island is a popular part of Abu Dhabi. It has modern flats and sea-facing views. The property cost is still okay, and rental returns are around 7% to 8%.

5. Yas Island, Abu Dhabi
Most people know Yas Island for theme parks, but it’s also a great place to live. It has good homes and schools. Families are moving here, and investors are happy with the income.

6. Sharjah Waterfront City
This is a new area in Sharjah with villas and apartments near the water. Prices are low for now, but many believe it will grow fast in the coming years.

Why These Places Are Good for Investment:

Prices are still low compared to other big cities in the world.

You can earn steady rent from your property.

The UAE is a safe country with a growing economy.