As Dubai’s property market evolves, several suburban master-planned communities are gaining traction among investors and residents.
Real estate advisory firm Chestertons, active in the UAE since 2008, has identified six key areas showing strong growth and rental yields: Jumeirah Village Circle (JVC), DAMAC Island, Downtown Dubai, Dubai Marina, Meydan City, and Dubai South.
Rising transaction volumes
Data shows these communities benefit from well-priced properties, improved infrastructure, and attractive rental returns. DAMAC Island offers the most affordable options at Dhs 823 per sq. ft., with rental yields around 7.38%, driven by off-plan opportunities.
Dubai South and JVC follow, averaging Dhs 1,035 and Dhs 1,238 per sq. ft. with yields near 6.77% and 7.39% respectively. Dubai Marina and Downtown Dubai have higher prices—Dhs 1,757 and Dhs 2,504 per sq. ft.—yielding 6.24% and 6%. Meydan City appeals to value buyers with Dhs 1,915 per sq. ft. and a 7.14% yield, supported by infrastructure upgrades.
The growth reflects Dubai’s shift towards suburban master-planned communities due to limited central land. Major developers and government bodies, including the RTA and Dubai Land Department, are facilitating these developments. Recent market reforms, such as reduced down payments and easier mortgage approvals, have also helped first-time buyers access these areas.
Mania Merrikhi, COO and Managing Director of Chestertons MENA, stated: “At Chestertons, we’ve seen Dubai evolve into a powerhouse for real estate investment, and initiatives like the D33 agenda are set to drive even greater economic and urban growth over the next decade. At the same time, attention is shifting towards other emirates, particularly Abu Dhabi, where high-profile developments and infrastructure projects are opening up exciting new opportunities for investors.”
Mohamed Mussa, Executive Director of Chestertons MENA, added: “Government support continues to play a vital role in shaping the UAE’s real estate market, with various entities rolling out buyer-friendly regulations and initiatives that make it easier for first-time buyers to enter the market. Notably, these developments are attracting a new wave of international and family-oriented investors. Looking forward, we anticipate particularly strong demand for full-service, master-planned communities that deliver on lifestyle, convenience, and value.”
As Dubai’s residential market changes, focus is shifting to communities that offer a balance of affordability, lifestyle, and growth potential.
tanvir@dubainewsweek.com
