• Laura Adams

WHAT WOULD I SPEND $1M ON IN THE DUBAI PROPERTY MARKET?


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Off-plan plus ready units


I would go for a selection of off-plan and ready income-generating properties, as a portfolio of properties in different areas gives a better success rate for benefiting from both appreciation and yields. I would buy a few studios or a one-bedroom apartment in a high demand rental area such as IMPZ or Jumeirah Village Circle (JVC). Both JVC and IMPZ are affordable areas for tenants.


The units here are always in demand. In a high market, people move from Dubai Marina and Business Bay to these areas, and in a low market, people relocate from International City and as far as Sharjah to capture the cost-efficient rental prices.


I WOULD GO FOR A SELECTION OF OFF-PLAN AND READY INCOME-GENERATING PROPERTIES, AS A PORTFOLIO OF PROPERTIES IN DIFFERENT AREAS GIVES A BETTER SUCCESS RATE FOR BENEFITING FROM BOTH APPRECIATION AND YIELDS.

 – Laura Victoria Adams


So I would go in for five properties, three ready and two off-plan. For ready it would be a studio and one-bedroom apartment in Dubai Sports City, around Dh370,000 and Dh590,000 respectively, and a furnished one-bedroom in Dubai Marina for Dh820,000. For off-plan, it would be a one-bedroom unit from one of the developments at Emaar’s beachfront project priced at around Dh1.3 million, suitable for short-term holiday lease, and a studio at JVC for Dh361,000.

Dream Tower, Dubai Marina, Dubai United Arab Emirates PO BOX 113564

00971 4 456 1432

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