Dubai has three unique locations with man-made islands. While many investors are primarily looking at Palm Jumeirah, the most famous of the palm trees, the other two islands now offer more significant opportunities.
Palm Jumeirah
This is an iconic tourist destination, but its investment opportunities are nearly exhausted. The infrastructure is fully developed, the location is 90%+ built up, and prices are at their peak. Mostly luxury projects are realised here. Now the initial cost of one-bedroom apartments in the under construction objects starts from $ 1.8 million.
It is important to note that at Palm Jumeirah the main emphasis is on flats with two and more bedrooms. Studios and one-bedroom apartments are quite difficult to find.
Palm Jebel Ali
This island is twice the size of Palm Jumeirah and is located in the district of the same name, which has the potential to become the new business centre of Dubai. There has only been one launch here - villas by Nakheel, which start at $8.7 million.
Calculation of profitability is still difficult, but can be guided by Palm Jumeirah, where over the past 5 years the value of property has increased by more than 100%.
Dubai Islands
Archipelago of 5 islands is part of the masterplan 2040. At the moment the infrastructure here is not developed, which creates a lot of opportunities for growth and a relatively low entry threshold - from $ 408 thousand. The price growth potential is around 40% by completion.
Many projects have already started on Dubai Islands, most of which are located on the first coastline. Developers offer options with postpaid up to 1.5 years. The archipelago is attracting the attention of developers who are actively buying land here, considering it one of the most promising for investment.
These three locations offer a variety of property investment opportunities, each with its own unique characteristics and growth potential.
