As the economy of Dubai continues to grow, there is an increasing number of Jordanian investors who are looking for ways to take advantage of the profitable nature of their real estate market. This complete guide has been put together using recent information as well as what is currently happening in the market, and it is hoped that it will help Jordanian investors make sound decisions when searching for the perfect Dubai apartment.
Popular Areas for Apartment Investments
اضافة اعلانFor Jordanian investors who want to enter the Dubai real estate market, it is important to know which neighborhoods everyone wants to live in. Based on Dubai flats on Bayut.com, these are the top areas across different price segments:
Affordable Segment:
● International City
Tenant and budget-conscious investors will find International City perfect. Small families and young professionals especially find great appeal in this cosmopolitan area. Along with many eating choices, stores, and green areas, the region has a mix of studios, and one- and two-bedroom flats. Its attraction is enhanced by its close proximity to Dragon Mart, a large retail center.
ROI: 8.37%
Average price per sq ft: 692 AED (133.61 JOD)
Average transaction prices:
- Studio: 339,000 AED (65,460 JOD)
- 1-bedroom: 503,000 AED (97,127 JOD)
- 2-bedroom: 853,000 AED (164,711 JOD)
● Dubai South
Near Al Maktoum International Airport and the Expo 2020 location, Dubai South is a growing region attracting popularity. Those in the aviation or logistics sectors would be suited for it. Young professionals and small families find the region appealing as it offers contemporary homes with decent amenities.
ROI: 8.15%
Average price per sq ft: 917 AED (177.07 JOD)
Average transaction prices:
- Studio: 424,000 AED (81,873 JOD)
- 1-bedroom: 635,000 AED (122,616 JOD)
- 2-bedroom: 1,062,000 AED (205,068 JOD)
Mid-tier Segment:
● Jumeirah Village Circle (JVC)
JVC is a family-friendly neighborhood combining villas and apartments. It is well-known for having plenty of parks, community facilities, and roomy floor plans. Families with children love the region because of its closeness to nurseries and schools. JVC is a self-contained community as it also provides supermarkets, health services, restaurants, and shopping options.
ROI: 8.65%
Average price per sq ft: 1,167 AED (225.34 JOD)
Average transaction prices:
- Studio: 580,000 AED (111,996 JOD)
- 1-bedroom: 881,000 AED (170,118 JOD)
- 2-bedroom: 1,376,000 AED (265,701 JOD)
● Jumeirah Lake Towers (JLT)
Couples and young professionals choose JLT quite frequently. Built around man-made lakes, this active neighborhood presents a mix of business and residential skyscrapers. Its diverse eating scene, plenty of cafés, and retail stores are well-known. For individuals who like ease and an urban lifestyle, the region appeals because of its closeness to Metro stations and Dubai Marina.
ROI: 8.20%
Average price per sq ft: 1,411 AED (272.46 JOD)
Average transaction prices:
- Studio: 776,000 AED (149,843 JOD)
- 1-bedroom: 1,239,000 AED (239,247 JOD)
- 2-bedroom: 1,915,000 AED (369,780 JOD)
Luxury Segment:
● Dubai Marina
Dubai Marina is attractive to both tourists and expats. It is ideal for people who enjoy luxurious city living. There is so much to do here – you can eat at fancy restaurants or try any of the numerous international cuisines available, go partying until late at nightclubs/bars, and take in great vistas from tall apartment buildings. It is a perfect abode for singles, couples, and nuclear families.
ROI: 6.82%
Average price per sq ft: 1,918 AED (370.36 JOD)
Average transaction prices:
- 1-bedroom: 1,581,000 AED (305,286 JOD)
- 2-bedroom: 2,649,000 AED (511,413 JOD)
- 3-bedroom: 4,100,000 AED (791,696 JOD)
● Business Bay
Business Bay, which is the primary business sector in Dubai, contains both housing and work buildings. People who want to live near where they work will find this place ideal because of this. In this area, there are new apartment buildings that are very tall. From some of them, tenants can see Burj Khalifa as well as the Dubai Canal. It is attractive to young adults as well as to married people who care about being at the heart of the business world.
ROI: 6.66%
Average price per sq ft: 2,014 AED (388.89 JOD)
Average transaction prices:
- 1-bedroom: 1,516,000 AED (292,735 JOD)
- 2-bedroom: 2,336,000 AED (451,074 JOD)
- 3-bedroom: 3,411,000 AED (658,559 JOD)
Disclaimer: The prices mentioned are subject to change based on location, amenities, and market conditions. Always verify current rates and availability before making any property-related decisions.
Investment Considerations for Jordanian Investors
● Legal Framework: Learn about Dubai's foreign investor property rules and legislation. See a local real estate attorney to ensure compliance.
● Financing Options: Investigate mortgage choices available to overseas Dubai investors. Many banks provide non-residents appealing rates.
● Market Research: Research the locations and the characteristics of what you want in great detail. Think about things like possible capital appreciation, closeness to facilities, and forthcoming infrastructure initiatives.
● Tax Implications: See a tax adviser to find out how your Dubai property purchase will affect taxes in Jordan.
Conclusion
Jordanian investors have various options in different sectors when it comes to the real estate market in Dubai. To find properties that match their investment goals as well as how much risk they can handle, they should analyze available information and look into things carefully.
Frequently Asked Questions
Q: As a Jordanian investor, can I obtain a residency visa through property investment in Dubai?
A: Dubai does indeed provide a Golden Visa for anyone looking at real estate. You might be qualified for a 10-year Golden Visa if you invest 2 million AED (around 386,193 JOD) or more in real estate. Given you keep the necessary investment, this long-term visa is renewable and gives extended residence benefits.
Q: Are there any restrictions on selling my Dubai property as a foreign investor?
A: Generally speaking, selling property in Dubai's freehold zones is not restricted to foreign investors. You should be advised, nevertheless, of possible capital gains tax in Jordan on any sales earnings.
Q: How does the concept of freehold ownership in Dubai differ from ownership in Jordan?
A: Freehold ownership in certain locations gives foreign investors complete ownership rights—including the ability to sell, lease, or transfer the property—in Dubai. This is not the case in Jordan, where foreign property ownership is highly limited and often needs government clearance.
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