Dubai is globally recognized as a real estate investment hub; it has made impressive progress in the real estate market. Within a few years, it earned a name in the world as a real estate hub and became a favorite destination for investment. Dubai offers many investment opportunities to potential investors from around the globe. It has tons of options ranging from small flats, studios, or apartments to large and spacious villas or townhouses.
Among all these real estate properties, the most famous and highly demanding properties are 2-bedroom apartments. These apartments are affordable, spacious and are located in prime locations.
Investors from all over the world are looking for profitable areas to buy 2-bedroom apartments in Dubai. They are also attracted to the tax-free environment, low cost of living, and high-quality infrastructure. Dubai also offers an attractive return on investment, making it a popular choice for investors.
In this article, we will explore the most profitable areas in Dubai to buy 2-bedroom apartments. In Dubai, almost every area has 2-bedroom apartments but these areas, which we will unveil in this blog, are the most profitable areas that offer the highest return on investment.
Top 7 Areas To Buy 2-Bedroom Apartments
Read on to find a luxury 2 bedroom apartment Dubai for sale. Here is the list of these areas with details and property prices.
Dubai Marina
Dubai Marina is the first man-made marina in Dubai. It is one of the most popular waterfront communities in Dubai that offers a luxurious lifestyle with state-of-the-art amenities. Dubai Marina known as Canal City is situated on the shoreline of the Persian Gulf. It is an ideal destination for singles or couples and features beaches, skyscrapers, and a yacht marina. The luxurious and marvelous community offers active nightlife and a wide range of eateries to the residents.
Currently, it is home to more than 55,000 people, and the population in this amazing community is expected to be increasing as many people or families whether they are local Emirates or foreigners are interested in moving to Dubai Marina for upgrading their lifestyle and living standards.
The average rental yield for a studio in Dubai Marina is 6.31%. For a one-bedroom apartment, the average rental yield is 6.57%, and for a two-bedroom apartment, the average rental yield is 6.67% in Dubai Marina.
- The average sale price of a studio in Dubai Marina is AED 754,000
- The cost of purchasing a one-bedroom apartment in Dubai Marina is AED 1.2M on average.
- For a two-bedroom apartment, the sale price on average is AED 1.8M in Dubai Marina.
Downtown Dubai
Another sought-after and amazing community that is famous for profitable 2-bedroom apartments in Dubai is Downtown Dubai. It is the most active area in Dubai known for its wonders and amazing landmarks that attain global attractions that is the reason, Dubai - the center heart of the city - is also known as a tourism hub. Tourists from across the globe visit Downtown Dubai to enjoy the beauty of the city and to be amazed by the wonders and astonishing landmarks in the community.
The stunning and astonishing landmarks in Downtown Dubai that give breathtaking views of the city are Burj Khalifa - the world’s tallest building, Dubai Mall - the largest shopping mall in the world, Dubai Fountain, which gives an outstanding view of the dancing fountain. The people who live in different residential buildings in Downtown Dubai can enjoy the beautiful views of the dancing fountain.
The average rental yield for a studio in Downtown Dubai is 6.79%. For one-, two-, and three-bedroom apartments, the average rental yield is 5.83%, 5.95%, and 6.36% respectively.
- The asking price for a one-bedroom apartment for sale in Downtown Dubai is AED 1.5M.
- For a two-bedroom apartment in Downtown Dubai, the asking price on average is AED 3M.
- The average sale price for a three-bedroom apartment in Downtown Dubai is AED 4.9M.
Jumeirah Village Circle
The people who are looking for a tranquil lifestyle with state-of-the-art facilities and elite living standards in Dubai, Jumeirah Village Circle is an ideal option for them. Jumeirah Village Circle was developed by one of the leading real estate developers in Dubai, The Nakheel Properties.
It is a family-friendly community that offers a wide range of residential properties including studios, apartments, townhouses, or villas. All these properties are surrounded by green spaces giving the community a peaceful and elegant look.
There are many options for investors or homebuyers to find their dream home in this idyllic community. More than 2,000 residential units are there in the community. The most famous buildings in the community are Diamond Views, Bloom Towers, Seasons Community, and Hanover Square.
The average rental yield for a studio in Jumeirah Village Circle is 8.38%. For a one-bedroom apartment, the average rental yield is 8.24%. For two- and three-bedroom apartments, the average rental yield is 7.64% and 7.34% respectively.
- The sale price for a two-bedroom apartment in Jumeirah Village Circle is AED 1,279,000.
Jumeirah Lake Tower
Another neighborhood in Dubai that is included in the most profitable areas of Dubai to offer two-bedroom apartments is Jumeirah Lake Tower. It is a family friendly community located on the shores of three artificial lakes, directly accessible from Sheikh Zayed Road and close to Dubai Marina.
Jumeirah Lake Tower has more than 80 towers of different residential complexes, hotels, and commercial spaces. New Dubai Gate, Icon Tower, Goldcrest Views, and Lake New Tower are some of the most famous buildings in Jumeirah Lake Tower.
This is one of the most community-focused neighborhoods in Dubai. There are many parks, restaurants, shopping centers, and entertainment hubs in the community.
For a studio in Jumeirah Lake Tower, the rental yield is 9.07% which is the recorded highest yield in Dubai. The rental yield for a one-bedroom apartment in JLT is 5.81% and for a two-bedroom apartment, it is 5.67%.
- The sale price for a one-bedroom apartment in Jumeirah Lake Tower is AED 822,000.
- The average sale price for a two-bedroom apartment in Jumeirah Lake Tower is AED 1.3M.
Conclusion
Dubai Marina, Downtown Dubai, Jumeirah Village Circle, and Jumeirah Lake Tower are some of the most popular areas in Dubai that offer profitable two-bedroom apartments to investors of homebuyers. All of these areas offer a good return on investment and are home to many reputable developers. Additionally, the prices of properties in these areas are expected to increase in the coming years.
