Dubai Property Hotspot

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An Amazing view of the Jumeirah Lake Tower, Dubai
Photo Credit: Green Lands Int'l
When it comes to properties, people say location is everything. Definitely location determines the cost of a property, and this is evident in the cost of properties in major cities such as London and New York.



 Over the years, Dubai has being at the front burner of the property market. The city has grown exponentially into a commercial hub with the emergence of skyscrapers that change the architectural landscapes of once a desert. Similar to cities like London and New York, where specific districts are more in demand than others, Dubai has Dubai Marina, Downtown Dubai, The Palm and Jumeirah Lake Towers. In the last year, these areas have shot up in popularity and have strong occupancy rates and rental returns as a result, all of which is excellent news for investors.

DUBAI MARINA
Dubai Marina is a district in DubaiUnited Arab Emirates. Dubai Marina is an artificial canal city, built along a two mile (3 km) stretch of Persian Gulf shoreline. When the entire development is complete, it will accommodate more than 120,000 people in residential towers and villas. It is located on Interchange 5 between Jebel Ali Port and the area which hosts Dubai Internet CityDubai Media City, and the American University in Dubai. The first phase of this project has been completed. Dubai Marina was inspired by the Concord Pacific Place development along False Creek in Vancouver, BC, Canada.
Evening Shot of Dubai Marina
Photo Credit: Vinayan

Another Shot of Dubai Marina
DOWNTOWN DUBAI
Downtown Dubai, previously known as Downtown Burj Dubai, is a large-scale, mixed-use complex under development in Dubai, United Arab Emirates. It is the home of some of the city's most important landmarks including Burj KhalifaDubai Mall, and Dubai Fountain. It covers an area of 2 square kilometres (0.77 sq mi), at an estimated cost of US$20 billion (Dh73 billion) upon completion. The complex is situated along Sheikh Zayed Road, across from Al Wasl locality on the Northwest. It is bounded to the South by Business and to the Northeast by Financial Centre Road, which separates it from Zabeel 2 and Trade Center 2. It is connected to the Dubai Metro via the Burj Khalifa/Dubai Mall Metro Station. The First Interchange, which is in its last phases of construction, will guarantee the free flow of traffic to and from the area. Development is divided into 11 projects. Burj Khalifa, Dubai Fountain, Dubai Mall, Burj Park Island, and The Address Downtown Dubai hotel are at the center of the complex. The Old Town and The Old Town Island are mostly low-rise residential buildings, in addition to three hotels and Souq Al Bahar. Emaar Boulevard, The Residences and South Ridge comprise high-rise residential towers. Emaar Square is a low-rise office complex.

Ramada Downtown Dubai
Photo Credit:Holiday Check

Another amazing view of Downtown Dubai
THE PALM
The Palm Islands are two artificial islandsPalm Jumeirah and Palm Jebel Ali, on the coast of DubaiUnited Arab Emirates. As at November 2014, only Palm Jumeirah has been completed. This island takes the form of a palm tree, topped by a crescent. When complete, Palm Jebel Ali will take a similar shape; both islands will be host to a large number of residential, leisure and entertainment centres and will add a total of 520 kilometres of non-public beaches to the city of Dubai. The creation of the Palm Jumeirah began in June 2001. Shortly after, the Palm Jebel Ali was announced and reclamation work began. A third island was planned and construction started, but this project was later remodelled and renamed to Deira Island.

Side view of the Palm Dubai showing the crescent
Photo Credit:RB Luxury Homes
Area view of the Palm, Dubai
JUMEIRAH LAKE TOWERS
The Jumeirah Lakes Towers is a large development in DubaiUnited Arab Emirates which consists of 79 towers being constructed along the edges of four artificial lakes (Lake Almas West, Lake Almas East, Lake Elucio, and Lake Allure) as well as the JLT Embankment of 8 tower facing Jumeirah Islands. The lakes (which are about 3 metres (9.8 ft) deep) will be completely filled by end of 2009.[1] The total area covered by the lakes, waterways and landscaping will be 730,000-square-metre (7,900,000 sq ft). See picture after the cut

Jumeirah Lake Tower in Dubai

A night view of the Jumeirah Lake Tower, Dubai
The towers will range from having 35 floors to having 45, except for the centerpiece, which is 66 floors. The tallest tower and the centerpiece of the entire complex is Almas Tower which will be situated on its own island between Lake Almas West and Lake Almas East. All residential towers will be placed in clusters of three. This therefore makes the areas easier to navigate when mail is distributed. The completion of Saba Tower in December 2006 marked the first tower to be completed in Jumeirah Lakes Towers. The final tower was completed in 2011. The majority of construction took place in 2008. By April 2011, over 80 percent of the towers in JLT have been completed. While the entire development was completed in 2012.
             (Credit: Wikipedia)


Dubai Marina, Downtown Dubai, The Palm and Jumeirah Lake Towers are the four major property hotspots in Dubai. Buying of properties are very expensive and could run into millions of dollars, which is a huge sum of money. For me, I think investing in commercial properties in Dubai, is truly a step to the right direction. Thanks for reading and go get yourself a property. Cheers!!!


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