The answer to that question is not so simple. So, before you go and buy your first home or invest in one, note that there are a few elements that make up the bigger picture:

•    Location
One thing you must always keep in mind is surely, the location. This dictates the ease of access you will have to major Points of Interest or hotspots in the city. That’s why investing in an area such as Jumeirah Beach Residence, Dubai Marina or Business Bay is the favourite choice for investors this year. 

•    Type of Property
Dubai offers a variety of property types across its wide range of neighbourhoods, which are attractive not only for those wishing to live there but also for property investors. From luxurious apartments with waterfront views, shopping malls, and exciting restaurants to residential communities featuring extremely urban residences along with 5-star amenities and services.

•    Design and Architectural Qualities
Dubai’s skyline has changed dramatically over the past 10-15 years. It has been mainly characterised by skyscrapers informed by varied streams of contemporary architecture. Yet, between their thoughtfully planned urban spaces and innovative architecture, Dubai aims to create engaged and involved communities where people can work and live harmoniously. So, when investing in these properties, always make sure to assess your desired property in terms of quality. Look at, durability, utility and of course, beauty.

•    Yield and Resale Value
Rental yields and resale value, are two of the most important considerations for mid to long-term investors. Investors – both in the UAE and overseas – are constantly eyeing the UAE real estate market as it remains lucrative with attractive property prices, payment plans and more. One thing to remember is, while larger properties often command higher rents, they also often come with higher service charges and a more significant initial outlay. All of which combine to determine your ROI.

•    Developer’s Reputation
Dubai’s property market is seeing a steady growth in demand for residential properties and with so many property options out there, it can be difficult to choose one to invest in. A common mistake amongst new property buyers is committing to developers with little or no established credentials. You must do your research and find out as much information about developers and their previous projects as you can.

Here’s a pro-tip: 

Take a look through developer websites to see if they’ve won awards, a sure sign they’re amongst the cream of the crop. Now that you’ve discovered these five elements, this should paint a clearer perspective on where to invest in the beautiful city of Dubai.