Dubai’s rapid expansion and rising property prices can make choosing the right neighborhood challenging, especially if you’re seeking a long-term home. Alec Smith was recently consulted, Head of Sales and Leasing at Savills Middle East, for insights into emerging areas.
Smith highlighted Tilal Al Ghaf, located just beyond JVC and Sports City, as a promising new neighborhood. This development stands out for its blend of luxury, nature, and affordability. It features a unique crystal lagoon and is designed to offer a balance between modern living and environmental sustainability.
Tilal Al Ghaf provides various housing options, from three-bedroom townhouses to expansive six and seven-bedroom mansions. Essential amenities like schools, hospitals, restaurants, and shops are conveniently accessible. With the area starting to hand over units in 2023 and ongoing development expected over the next few years, it presents a great opportunity for both investors and those seeking a family home.
For those looking for more affordable options, Smith noted that neighborhoods such as JVC, Dubai Sports City, and Dubai South remain popular. These areas continue to attract interest due to their affordability and upcoming supply of new properties, which might help stabilize rental rates.
Smith also mentioned Damac Hills 2 as a good choice for families needing more space at reasonable prices. With potential rent increases of 10 to 20 percent due to recent adjustments in the rental index, tenants might consider relocating, downsizing, or exploring property ownership.
If you’re on a budget and considering a move, it’s worth looking into these affordable neighborhoods. As the summer heats up, also remember to keep your AC in check to manage costs effectively.
