Real Estate is considered by many as a gold mine investment, since property is the only asset whose value increases over the period of time. This may be true for any place else in the world, but for UAE, this is just the beginning. As a country popular with expat worker from all parts of the world, as well as holiday makers, there is a constant demand for property. The UAE has produced some amazing architectural wonders, from the world’s tallest building Burj Khalifa and to most number of man-made islands; the country is rarely short of innovation and exhibition of beauty.
Real estate sector is experiencing an ongoing development since 1992, Dubai currently hosts world’s fifth most skyscrapers. With Dubai hosting World Expo 2020, the biggest beneficiary will be the real estate sector, with new residential, commercial and tourism infrastructure projects coming into existence; the sector will continue to attract strong investor interest not only for the Dubai itself, but the whole UAE is bound to benefit from this economic boom.
Districts in Dubai
Jumeirah is one of the posh districts of the city, the area is ideal for those favoring a quite style of life. It is a diverse district towards the sea side of Dubai, whose residents range from Europeans to Filipinos to Pakistanis; it is a mixed Little Europe, Karachi and Manila. Burj Al Arab and Palm Jumeirah are iconic locations here, while Jumeirah Beach and Jumeirah Mosque are other top attractions.
Placed in the center of the “New Dubai,” between Dubai Marina on the south end and the border with the city of Sharjah to the north is the Downtown Dubai. Its highlights include the Burj Khalifa (tallest building in the world), the Dubai Mall (world’s biggest), Dubai Fountain, a number of top-notch hotels as well as other skyscrapers.
Dubai Marina is a mega-development that borders Jebel Ali. It contains some of the most beautiful architecture in Dubai, hotel skyscrapers and hosts the “JBR The Walk” with a number of restaurants, hotels an open-air market, and frequent shows. Dubai Marina houses one of the highest concentrations of Westerns in Dubai.
One of Dubai’s Little India and Little Manila, due to the presence of Filipinos and Indians, a rise in Filipino and Indian restaurants, shops, supermarkets are seen here. The area is popular for the convenience of having everything available at a minimal walk.
Bur Dubai houses the Diwan, where matters of state are decided. The old fort, now the Dubai Museum, traces the city’s development. There is a busy business hub, a textile market, a street full of electronics shops, plus many residential apartment blocks, as well as many outdoor eateries and shisha cafés along the Creek.
This area of Dubai is truly eclectic, mixing the traditional with the modern. Dubai’s old financial centre, today Deira is a bustling commercial-residential district with some old souks, including one specializing in jewelry, another in spices.
Mirdiff is another residential area for the well-to-do. It is a commercial-residential district which is somewhat newly built and lies directly under the flight path to Dubai International Airport. Mirdif City Center is one of the attractions.
A colony type residential area separate from the main city. Its architectural design is special about it, the residential rents here are affordable and is somewhat the next Chinatown as many Chinese businessmen and women reside here.
Jebel Ali is a major residential and industrial hub encompassing the southern portions of the city. The main attraction popular with locals and tourists alike is the easily recognizable Ibn Battuta Mall, styled on the countries visited by the famous explorer. Surrounding the mall is the Discovery Gardens apartments, an ethnically diverse district.