As Dubai’s real estate market evolves, investors have diverse property options, from off-plan to townhouses, with Jumeirah Village Circle and Jumeirah Lakes Towers offering contrasting returns on a $1 million budget
As Dubai’s real estate market continues to evolve, there are several property offerings in the city for those looking to invest, ranging from off-plan properties to townhouses, apartments, villas and more. The diversity in offerings, combined with Dubai’s several other benefits has made it a safe haven for investors, especially among high-net-worth and ultra-high-net-worth individuals.
According to recent market data, investors with a budget of $1 million (AED 3.67 million) can expect significantly different returns depending on which area they choose.
In Jumeirah Village Circle (JVC), known for its residential offerings at affordable rates and newer developments, $1 million could purchase approximately 3,200 square feet of residential space. This typically translates to a spacious 4-bedroom villa or several smaller apartments.
In contrast, the same budget in Jumeirah Lakes Towers (JLT), located close to Dubai Marina, would fetch around 2,100 square feet. This usually equates to a larger two-bedroom apartment or a modest three-bedroom unit, reflecting the area’s higher price per square foot.
The price disparity is attributed to several factors, including proximity to business hubs, community amenities, and overall market positioning.
With a budget of $1 million, here is what you can get in JVC and JLT:
Haven Villas
Price: AED3,599,000 ($979,856)
Location: Jumeirah Village Circle
Features:
- Three bedrooms, four bathrooms
- 2,480 sq. ft.
- Private pool
- Maid’s room
- Landscaped garden and balcony
- Pool and gym access
- Built-in wardrobes
