Off-plan property investment in Jumeirah Golf Estates, Dubai, is the process of buying a property before it is completed or even before the construction has started. This type of investment offers many advantages for buyers, such as lower prices, flexible payment plans, high capital appreciation, and customization options.
However, it also involves some risks and challenges, such as delays, quality issues, market fluctuations, and legal complications. Therefore, it is important to do thorough research and due diligence before investing in off-plan properties in Jumeirah Golf Estates.
About Jumeirah Golf Estates
Jumeirah Golf Estates is a luxury residential golf community located in the heart of new Dubai. It is built around two world-class golf courses, Earth and Fire, designed by the legendary Greg Norman. The community consists of 16 exclusive districts, each featuring a different architectural style and offering a range of villas, townhouses, and apartments. Jumeirah Golf Estates is home to the DP World Tour Championship, the final event of the European Tour’s Race to Dubai. The community also boasts a wealth of amenities and facilities, such as a golf academy, a clubhouse, a fitness center, a tennis academy, a retail center, and several dining options. Jumeirah Golf Estates is an ideal destination for golf enthusiasts and families who seek a serene and luxurious lifestyle in Dubai.
How Is The Dubai Jumeirah Golf Estates Real Estate Market?
The Dubai Jumeirah Golf Estates real estate market is one of the most sought-after and prestigious markets in the city. The properties in Jumeirah Golf Estates are known for their high quality, spaciousness, exclusivity, and stunning views of the golf courses and the natural landscape. The market attracts both end-users and investors who appreciate the value and potential of the properties in this community. According to the latest data from Property Finder, the average price per square foot for villas in Jumeirah Golf Estates is AED 1,038, while for apartments it is AED 1,004. The average rental yield for villas is 5.5%, while for apartments it is 6.4%. The market has shown signs of recovery and stability in 2021, as demand has increased and prices have stabilized.
How Is The Off-Plan Property Market In Jumeirah Golf Estates?
The off-plan property market in Jumeirah Golf Estates is a dynamic and attractive market that offers many opportunities for buyers and investors. There are several new developments and projects in Jumeirah Golf Estates that are currently under construction or in the pipeline. Some of the most notable ones are:
- Signature Mansions: A collection of modern luxury villas with customizable designs and features. The villas offer stunning views of the golf courses and the skyline. The project is expected to be completed by Q2 2025.
- Jouri Hills: A stylish enclave of 294 luxury homes with contemporary architecture and elegant interiors. The homes range from three to six bedrooms and offer spacious living areas and private gardens. The project is expected to be completed by Q2 2025.
- Jasmine Lane: A collection of exquisite three-bedroom townhouses designed by the renowned fashion designer Elie Saab. The townhouses feature elegant finishes, smart home technology, and landscaped courtyards. The project is expected to be completed by Q3 2024.
- Alandalus: A mixed-use development that comprises eight low-rise apartment buildings and 95 townhouses with Andalusian-inspired design. The development offers a range of amenities, such as swimming pools, gymnasiums, retail outlets, and landscaped gardens. The project is ready to move in.
- Jumeirah Luxury: A collection of eco-friendly villas and townhouses with smart home technology and innovative design. The homes offer direct access to the golf courses and feature private pools, gardens, terraces, and rooftop decks. The project is ready to move in.
What Are The Benefits Of Off-Plan Property In Jumeirah Golf Estates?
Some of the benefits of buying off-plan property in Jumeirah Golf Estates are:
- Lower prices: Off-plan properties are usually sold at lower prices than ready properties, as developers offer discounts and incentives to attract buyers at an early stage.
- Flexible payment plans: Off-plan properties usually come with flexible payment plans that allow buyers to pay in installments over a period of time until completion or handover.
- High capital appreciation: Off-plan properties have the potential to increase in value over time as the project progresses and the market improves.
- Customization options: Off-plan properties give buyers the opportunity to customize their properties according to their preferences and needs, such as choosing the layout, the finishes, the fittings, and the furnishings.
- New and modern: Off-plan properties are new and modern, as they are built according to the latest standards and specifications. They also come with warranties and guarantees from the developers.
What Are The Disadvantages Of Off-Plan Properties In Jumeirah Golf Estates?
Some of the disadvantages of buying off-plan property in Jumeirah Golf Estates are:
- Delays: Off-plan properties are subject to delays in completion or handover due to various factors, such as market conditions, regulatory approvals, construction issues, or force majeure events.
- Quality issues: Off-plan properties may not meet the expectations or specifications of the buyers, as there may be discrepancies or defects in the final product.
- Market fluctuations: Off-plan properties are exposed to market fluctuations, as the prices and demand may change over time depending on the economic and social factors.
- Legal complications: Off-plan properties may involve legal complications, such as disputes, breaches, or cancellations of contracts between the buyers and the developers. Buyers may also face difficulties in obtaining mortgages or loans for off-plan properties.
- Lack of physical inspection: Off-plan properties do not allow buyers to physically inspect or view the properties before buying them, as they rely on brochures, models, or virtual tours.
What Is The ROI On Off-Plan Properties In Jumeirah Golf Estates?
The return on investment (ROI) on off-plan properties in Jumeirah Golf Estates depends on various factors, such as the location, the type, the size, the quality, the price, and the demand of the properties. According to Property Finder1, the average ROI for villas in Jumeirah Golf Estates is 5.5%, while for apartments it is 6.4%. However, these figures may vary depending on the specific project or property. The table below shows some examples of the ROI on off-plan properties in Jumeirah Golf Estates based on their current prices and estimated rental values.
Project | Property Type | Bedrooms | Area (sqft) | Price (AED) | Rental Value (AED/year) | ROI (%) |
---|---|---|---|---|---|---|
Signature Mansions | Villa | 5 | 8,000 | 36,700,000 | 1,200,000 | 3.27 |
Jouri Hills | Villa | 6 | 7,000 | 27,441,000 | 1,000,000 | 3.64 |
Jasmine Lane | Townhouse | 3 | 2,500 | 3,700,000 | 200,000 | 5.41 |
Alandalus | Apartment | 2 | 1,400 | 1,249,250 | 90,000 | 7.21 |
Jumeirah Luxury | Villa | 4 | 2,500 | 4,125,777 | 250,000 | 6.06 |
Why Is Jumeirah Golf Estates Off-Plan Property Interesting For Real Estate Developers?
Jumeirah Golf Estates off-plan property is interesting for real estate developers because it offers them a chance to create and deliver high-end residential projects in one of the most prestigious and sought-after golf communities in Dubai. By developing off-plan properties in Jumeirah Golf Estates, developers can benefit from:
- The strong demand and reputation of the community, which attracts both local and international buyers who seek luxury living and golfing lifestyle.
- The competitive pricing and flexible payment plans, which enable developers to sell their properties at attractive rates and terms, and generate cash flow during the construction phase.
- The opportunity to collaborate with renowned golf course designers, architects, and consultants, who can help them create unique and innovative projects that meet the highest standards of quality and sustainability.
- The support and guidance of Jumeirah Golf Estates, the master developer of the community, who provides developers with all the necessary approvals, permits, and services to ensure a smooth and successful development process.
Why Is Jumeirah Golf Estates Off-Plan Property Interesting For Real Estate Investors?
Jumeirah Golf Estates off-plan property is interesting for real estate investors because it offers them a lucrative and long-term investment opportunity in one of the most stable and resilient real estate markets in Dubai. By investing in off-plan properties in Jumeirah Golf Estates, investors can benefit from:
- The lower prices and discounts, which allow investors to buy properties at below-market rates and enjoy higher capital appreciation over time.
- The potential rental income and yield, which enable investors to generate regular and stable returns from their properties, especially as the demand for rental properties in Jumeirah Golf Estates is high due to its prime location and amenities.
- The tax-free environment and easy ownership laws, which make Dubai an attractive destination for foreign investors who can buy and sell properties without paying any taxes or fees, and enjoy full ownership rights and protection.
- The diversification and risk mitigation, which help investors to balance their portfolio and reduce their exposure to market fluctuations, as Jumeirah Golf Estates offers a range of property types, sizes, and prices to suit different preferences and budgets.
Why Is Jumeirah Golf Estates Off-Plan Property Interesting For Off-Plan Buyers?
Jumeirah Golf Estates off-plan property is interesting for off-plan buyers because it offers them a chance to own their dream home in one of the most exclusive and luxurious golf communities in Dubai. By buying off-plan properties in Jumeirah Golf Estates, buyers can benefit from:
- The customization options and features, which allow buyers to personalize their properties according to their tastes and needs, such as choosing the layout, the finishes, the fittings, and the furnishings.
- The new and modern properties, which are built according to the latest standards and specifications, and come with warranties and guarantees from the developers.
- The access to world-class amenities and facilities, which enhance the quality of life and well-being of the residents, such as two championship golf courses, a golf academy, a clubhouse, a fitness center, a tennis academy, a retail center, and several dining options.
- The vibrant community and lifestyle, which create a sense of belonging and harmony among the residents, who share a common passion for golf and nature.
What To Consider When Buying Off-Plan Properties in Dubai Jumeirah Golf Estates?
Buying off-plan properties in Dubai Jumeirah Golf Estates can be a rewarding experience if done properly. However, it also involves some risks and challenges that buyers should be aware of and prepared for. Therefore, before buying off-plan properties in Jumeirah Golf Estates, buyers should consider the following factors:
1. Developer reputation
The reputation of the developer is one of the most important factors to consider when buying off-plan properties. Buyers should do thorough research on the developer’s background, track record, financial stability, delivery history, customer service, and quality standards. Buyers should also check if the developer is registered with RERA (Real Estate Regulatory Agency), has an escrow account for each project, has obtained all the necessary approvals from DLD (Dubai Land Department) and other authorities.
2. Project location
The location of the project is another crucial factor to consider when buying off-plan properties. Buyers should evaluate the location based on its accessibility, connectivity, infrastructure, amenities, views, security, demand, supply, price trends, growth potential. Buyers should also visit the site of the project3, see the master plan4, or use online tools5678 to get a better idea of the location and its surroundings.
3. Payment plans
The payment plans are another key factor to consider when buying off-plan properties. Buyers should compare the payment plans offered by different developers and projects, and choose the one that suits their budget and cash flow. Buyers should also read the terms and conditions of the payment plans carefully, and understand the implications of late payments, defaults, cancellations, or transfers. Buyers should also be aware of the additional costs and fees involved in buying off-plan properties, such as registration fees, service charges, maintenance fees, VAT, etc.
4. Payment structure options
The payment structure options are another important factor to consider when buying off-plan properties. Buyers should explore the different payment structure options available for off-plan properties.
5. Due diligence
Due diligence is another essential factor to consider when buying off-plan properties. Buyers should conduct due diligence on the developer, the project, the property, and the market before making any decision. Buyers should verify the authenticity and validity of all the documents and information provided by the developer or agent.
6. Property tax
Property tax is another factor to consider when buying off-plan properties. Buyers should be aware of the property tax laws and regulations in Dubai, and how they affect their off-plan purchase.
Community Overview Of Jumeirah Golf Estates
Jumeirah Golf Estates is a luxury residential golf community that is located along E 311 road, in Me’aisem 1, Dubai, United Arab Emirates. It is rated among the top 10 lifestyle estates in the world1. Jumeirah Golf Estates consists of over 1,500 villas, townhouses and apartments arranged into more than a dozen distinct communities, set alongside two world-class golf courses, Earth and Fire, designed by the legendary Greg Norman. Jumeirah Golf Estates is home to the DP World Tour Championship, the final event of the European Tour’s Race to Dubai. The community also boasts a wealth of amenities and facilities, such as a golf academy, a clubhouse, a fitness center, a tennis academy, a retail center, and several dining options. Jumeirah Golf Estates is an ideal destination for golf enthusiasts and families who seek a serene and luxurious lifestyle in Dubai.
What Are The Most Popular Buildings In Jumeirah Golf Estates?
Some of the most popular buildings in Jumeirah Golf Estates are:
- Signature Mansions: A collection of modern luxury villas with customizable designs and features. The villas offer stunning views of the golf courses and the skyline. The project is expected to be completed by Q2 2025.
- Jouri Hills: A stylish enclave of 294 luxury homes with contemporary architecture and elegant interiors. The homes range from three to six bedrooms and offer spacious living areas and private gardens. The project is expected to be completed by Q2 2025.
- Jasmine Lane: A collection of exquisite three-bedroom townhouses designed by the renowned fashion designer Elie Saab. The townhouses feature elegant finishes, smart home technology, and landscaped courtyards. The project is expected to be completed by Q3 2024.
- Alandalus: A mixed-use development that comprises eight low-rise apartment buildings and 95 townhouses with Andalusian-inspired design. The development offers a range of amenities, such as swimming pools, gymnasiums, retail outlets, and landscaped gardens. The project is ready to move in.
- Jumeirah Luxury: A collection of eco-friendly villas and townhouses with smart home technology and innovative design. The homes offer direct access to the golf courses and feature private pools, gardens, terraces, and rooftop decks. The project is ready to move in.
Which Transportation And Parking Spaces Are There In Jumeirah Golf Estates?
Jumeirah Golf Estates is well-connected to the rest of the city by various transportation options. Some of them are:
- Metro: Jumeirah Golf Estates Metro Station is a station on the Red Line of the Dubai Metro. It opened in 2021 as part of the Route 2020 expansion. The station is an underground station. It is located close to the junction of the E311 and D57, just west of Dubai Production City and Jumeirah Golf Estates9. Trains go to Expo 2020 and Centrepoint. For trains to UAE Exchange, change trains at Jabal Ali.
- Bus: There are several bus routes that serve Jumeirah Golf Estates and its nearby areas. Some of them are F29 (Mall of the Emirates Metro Station – IMPZ), F32 (Mall of the Emirates Metro Station – Arabian Ranches), F34 (Dubai Internet City Metro Station – Dubai Production City), F36 (Mall of the Emirates Metro Station – Dubai Sports City), F38 (Mall of the Emirates Metro Station – Sustainable City), F39 (Jebel Ali Free Zone Metro Station – Dubai Investment Park), F41 (Jebel Ali Free Zone Metro Station – Discovery Gardens), F42 (Ibn Battuta Metro Station – Discovery Gardens), F43 (Ibn Battuta Metro Station – Dubai Production City), F44 (Ibn Battuta Metro Station – Energy Metro Station), F46 (Ibn Battuta Metro Station – Dubai Investment Park), F48 (Danube Metro Station – Jebel Ali Industrial Area), F53 (Danube Metro Station – Dubai Industrial City), F54 (Danube Metro Station – Jebel Ali Free Zone South).
- Taxi: Taxis are easily available in Jumeirah Golf Estates and its surrounding areas. There are also dedicated taxi stands at the Country Club and the Clubhouse for residents and visitors.
- Car: Jumeirah Golf Estates is accessible by car via the E311 or D57 roads. There is ample street parking and each residence features dedicated car porches or garages.
Which Amenities, Schools And Healthcare Are There In Jumeirah Golf Estates?
Jumeirah Golf Estates offers a variety of amenities, schools and healthcare facilities for its residents and visitors. Some of them are:
- Amenities: Jumeirah Golf Estates has a Country Club that provides luxury leisure facilities for members and residents. It is the home of state-of-the-art cardio and weight equipment, spacious studios for classes, a 25-meter lap pool and resort-style swimming pool with a children’s pool, tennis and padel tennis courts, and kid’s play area. The Country Club also features a Lounge, a Spa, and a Fitness Center. Jumeirah Golf Estates also has two championship golf courses, Earth and Fire, designed by Greg Norman. The courses offer challenging and scenic layouts, as well as a Golf Academy, a Clubhouse, and several dining options.
- Schools: Jumeirah Golf Estates is close to several schools and nurseries that offer different curricula and programs. Some of them are Victory Heights Primary School (British), Bradenton Prep Academy (American), Sunmarke School (British), The Arcadia Preparatory School (British), Greenfield International School (IB), GEMS United School (American), GEMS International School (IB), GEMS World Academy (IB), Jebel Ali School (British), Regent International School (British), The Wonder Years Nursery (EYFS), Building Blocks Nursery and Child Enrichment Centre (EYFS), IDEA Early Learning Center (EYFS), Chubby Cheeks Nursery (EYFS), Kids World International Nursery (EYFS).
- Healthcare: Jumeirah Golf Estates does not have any clinics within the area, but there are many medical centers nearby. Some of them are GMC Medical Centre (multi-specialty), Mediclinic Me’aisem (multi-specialty), Medicentre Motor City (multi-specialty), Aster Clinic Motor City (multi-specialty), NMC Royal Hospital DIP (multi-specialty hospital), Al Zahra Hospital Barsha South (multi-specialty hospital).
Which Outdoor Activities, Fitness And Beauty Are There In Jumeirah Golf Estates?
Jumeirah Golf Estates is a great place for outdoor activities, fitness and beauty enthusiasts. Some of the options available are:
- Outdoor activities: Jumeirah Golf Estates offers many opportunities for outdoor activities, such as golfing, tennis, padel tennis, swimming, cycling, jogging, walking, and playing in the children’s play area. The community also has landscaped gardens, parks, lakes, and trails that enhance the natural beauty and tranquility of the area.
- Fitness: Jumeirah Golf Estates has a Fitness Center that offers state-of-the-art cardio and weight equipment, spacious studios for classes, personal training, nutritional advice, and fitness assessment programs. The Fitness Center also offers various fitness classes, such as yoga, pilates, Zumba, HIIT, boxing, TRX, spinning, aqua aerobics, and more. Additionally, there is a Super Sup Fit program that offers an aqua workout on stand-up paddle boards.
- Beauty: Jumeirah Golf Estates has a Spa that offers a range of beauty treatments and services, such as massages, facials, body scrubs, wraps, manicures, pedicures, waxing, threading, tinting, and more. The Spa also has a sauna and steam room for relaxation. Moreover, there are several salons and barber shops near Jumeirah Golf Estates, such as Tips & Toes Motor City (ladies salon), NStyle Beauty Lounge Motor City (ladies salon), The Loft Fifth Avenue Motor City (unisex salon), Chaps & Co Motor City (men’s barber shop).
Which Leisure Activities And Notable Landmarks Are There In Jumeirah Golf Estates?
Jumeirah Golf Estates is a hub for leisure activities and notable landmarks for its residents and visitors. Some of them are:
- Leisure activities: Jumeirah Golf Estates has several dining options that cater to different tastes and occasions. Some of them are Flame Tree Restaurant & Grill (international cuisine with golf course views), Sports Bar (casual pub with live sports screenings), Fresca Cafe & Delicatessen (coffee shop with light bites and pastries), Swirl Bar & Lounge (cocktail bar with live music), Kasturi Restaurant & Bar (Indian cuisine with contemporary twist). Jumeirah Golf Estates also hosts various events and activities throughout the year, such as golf tournaments, social nights, brunches, ladies’ nights, quiz nights, karaoke nights, movie nights.
- Notable landmarks: Jumeirah Golf Estates is home to some notable landmarks that attract local and international visitors. Some of them are: Fire Course: A 18-hole championship golf course designed by Greg Norman that represents the natural elements of fire. The course features undulating fairways, desert landscape, native grasses, and fiery bunkers. The course is the host of the Omega Dubai Desert Classic, one of the oldest and most prestigious events on the European Tour. – Golf Academy: A state-of-the-art facility that offers professional coaching and training for golfers of all levels and ages. The academy features a driving range, a short game area, a putting green, a swing studio, a fitness studio, and a pro shop. The academy also offers various programs and packages, such as individual lessons, group clinics, junior programs, ladies programs, corporate events. – Clubhouse: A stunning building that serves as the social hub of Jumeirah Golf Estates. The clubhouse features a reception, a lobby lounge, a locker room, a pro shop, a banquet hall, a boardroom, and several dining outlets. The clubhouse also offers panoramic views of the golf courses and the skyline.
Which Restaurants Are Located In Jumeirah Golf Estates?
Jumeirah Golf Estates is a golf-themed community that offers a variety of dining options for its residents and visitors. Some of the restaurants located in Jumeirah Golf Estates are:
- Flame Tree Restaurant & Grill: A fine dining restaurant that serves international cuisine with golf course views. The restaurant offers breakfast, lunch and dinner, as well as themed nights and brunches. The menu features dishes such as grilled salmon, lamb chops, beef tenderloin, pasta, salads and desserts.
- Kasturi: A stylish restaurant and bar that serves Indian cuisine with a contemporary twist. The restaurant offers lunch and dinner, as well as tapas and cocktails. The menu features dishes such as tandoori chicken, butter chicken, biryani, kebabs, curries and naan bread.
- BŌTA: A cozy cafe that serves healthy and delicious food and beverages. The cafe offers breakfast, lunch and dinner, as well as smoothies, juices, coffee and tea. The menu features dishes such as avocado toast, granola bowl, quinoa salad, chicken wrap, burgers and pizzas.
- Tap & Grill: A casual restaurant and bar that serves BBQ and grill food and drinks. The restaurant offers lunch and dinner, as well as live sports screenings and happy hours. The menu features dishes such as ribs, steaks, burgers, wings, nachos and fries.
- Bussola: A new addition to Jumeirah Golf Estates, Bussola is a casual restaurant and bar that serves Italian cuisine and cocktails. The restaurant offers lunch and dinner, as well as oven wood pizzas and live music. The menu features dishes such as antipasti, pasta, risotto, seafood and desserts.
Which Supermarkets Are Located In Jumeirah Golf Estates?
Jumeirah Golf Estates does not have any supermarkets within the area, but there are several options nearby. Some of them are:
- Amazon Counter – Big Value Supermarket: A supermarket that offers a wide range of products, such as groceries, fresh produce, bakery items, household items and more. The supermarket also has an Amazon Counter service that allows customers to pick up or return their online orders.
- Spinneys Motor City: A supermarket that offers a variety of products, such as groceries, fresh produce, meat, seafood, bakery items, dairy products, organic products and more. The supermarket also has a pharmacy, a florist and a coffee shop.
- Carrefour Market Me’aisem City Centre: A supermarket that offers a range of products, such as groceries, fresh produce, meat, seafood, bakery items, dairy products, frozen food and more. The supermarket also has a money exchange service.
Which Beaches Are Located Near Jumeirah Golf Estates?
Jumeirah Golf Estates is not very close to the coast, but there are some beaches that are accessible by car within 20 to 30 minutes. Some of them are:
- Kite Beach: A popular beach for kite surfing and other water sports activities. The beach also has a jogging track, a skate park, a play area for kids and several food trucks.
- Marina Beach: A public beach that is part of The Beach development at JBR. The beach has a boardwalk with shops, cafes, restaurants and entertainment options. The beach also offers stunning views of the Dubai Marina skyline.
- Sufouh Beach: A quiet beach that is also known as Black Palace Beach or Secret Beach. The beach is ideal for relaxing and enjoying the views of the Burj Al Arab and the Palm Jumeirah.
Which Malls Are Located Near Jumeirah Golf Estates?
Jumeirah Golf Estates does not have any malls within the area, but there are some malls that are located nearby. Some of them are:
- City Centre Me’aisem: A mall that offers a range of shopping, dining and entertainment options. The mall has over 50 retail outlets, including Carrefour Market, Centrepoint, Home Centre and Max Fashion. The mall also has a food court with various cuisines and a Magic Planet with arcade games.
- Mall of the Emirates: A mall that is one of the largest and most popular malls in Dubai. The mall has over 600 retail outlets, including fashion brands such as Zara, H&M and Gap. The mall also has a food court with various cuisines and a Ski Dubai with indoor snow activities.
- Dubai Mall: A mall that is the largest mall in the world by total area. The mall has over 1,200 retail outlets, including luxury brands such as Chanel, Dior and Gucci. The mall also has a food court with various cuisines and a Dubai Aquarium and Underwater Zoo with marine life.
Which Churches, Temples And Mosques Are Located Near Jumeirah Golf Estates?
Jumeirah Golf Estates has a mosque within the area, but there are also some churches, temples and mosques that are located near the area. Some of them are:
- Jumeirah Golf Estates Mosque: A mosque that is located in the Al Andalus sub-community. The mosque has a capacity of 300 worshippers and offers daily prayers and Friday sermons.
- Emirates Baptist Church: A church that is located in Dubai Sports City. The church is a member of the Baptist World Alliance and offers worship services, Bible studies, prayer meetings and fellowship groups.
- United Christian Church of Dubai: A church that is located in Dubai Investment Park. The church is an evangelical and reformed church that offers worship services, Bible studies, prayer meetings and fellowship groups.
- Fellowship: A Christian Church in Dubai: A church that is located in Dubai Sports City. The church is a non-denominational church that offers worship services, Bible studies, prayer meetings and fellowship groups.
- Shiva Temple: A temple that is located in Bur Dubai. The temple is dedicated to Lord Shiva and is one of the oldest Hindu temples in Dubai. The temple also has shrines for other deities such as Lord Ganesha, Lord Krishna and Goddess Durga.
- Gurunanak Darbar Sikh Temple: A temple that is located in Jebel Ali. The temple is dedicated to Guru Nanak, the founder of Sikhism. The temple also has a langar hall that serves free vegetarian meals to visitors.
- Al Farooq Omar Bin Al Khattab Mosque: A mosque that is located in Umm Suqeim. The mosque is one of the largest mosques in Dubai and can accommodate up to 2,000 worshippers. The mosque also has a library, a lecture hall and an Islamic centre.
How Is The Rental Market In Jumeirah Golf Estates?
The rental market in Jumeirah Golf Estates is a vibrant and diverse one, offering a range of properties for rent, such as apartments, villas, townhouses and penthouses. The properties are located in different sub-communities, each with its own unique features and amenities. The rental market in Jumeirah Golf Estates caters to both local and expatriate tenants, who seek a luxurious and serene lifestyle in a golf-themed community. The rental market in Jumeirah Golf Estates is also influenced by the demand and supply of properties, the location and size of the properties, the quality and condition of the properties, and the amenities and facilities available in the community.
Rental Trends Of Jumeirah Golf Estates
The rental trends of Jumeirah Golf Estates vary depending on the type and number of bedrooms of the properties. Based on the latest data, the following table shows the average rental prices and yields of different properties in Jumeirah Golf Estates as of July 2023:
Property Type | Number of Bedrooms | Average Rental Price (AED/year) | Average Gross Yield (%) |
---|---|---|---|
Apartment | Studio | 50,000 | 5.26 |
Apartment | 1 | 71,500 | 7.50 |
Apartment | 2 | 95,000 | 7.37 |
Apartment | 3 | 175,000 | 7.00 |
Villa | 3 | 300,000 | 4.00 |
Villa | 4 | 350,000 | 4.67 |
Villa | 5 | 600,000 | 3.75 |
Villa | 6 | 700,000 | 4.38 |
Townhouse | 3 | 170,000 | 5.67 |
Townhouse | 4 | 200,000 | 6.67 |
The table shows that apartments have higher rental yields than villas and townhouses, which means that they offer better returns for investors. However, villas and townhouses have higher rental prices than apartments, which means that they offer more spacious and luxurious living spaces for tenants.
How Is The House Sale Market In Jumeirah Golf Estates?
The house sale market in Jumeirah Golf Estates is a competitive and lucrative one, offering a range of properties for sale, such as apartments, villas, townhouses and penthouses. The properties are located in different sub-communities, each with its own unique features and amenities. The house sale market in Jumeirah Golf Estates attracts both end-users and investors, who seek a high-end and peaceful lifestyle in a golf-themed community. The house sale market in Jumeirah Golf Estates is also influenced by the demand and supply of properties, the location and size of the properties, the quality and condition of the properties, and the amenities and facilities available in the community.
House Sale Trends Of Jumeirah Golf Estates
The house sale trends of Jumeirah Golf Estates vary depending on the type and number of bedrooms of the properties. Based on the latest data, the following table shows the average asking prices and yields of different properties in Jumeirah Golf Estates as of July 2023:
Property Type | Number of Bedrooms | Average Asking Price (AED) | Average Gross Yield (%) |
---|---|---|---|
Apartment | Studio | 1,000,000 | 5.00 |
Apartment | 1 | 1,250,000 | 5.72 |
Apartment | 2 | 1,750,000 | 5.43 |
Apartment | 3 | 2,600,000 | 6.73 |
Villa | 3 | 4,500,000 | 6.67 |
Villa | 4 | 6,000,000 | 5.83 |
Villa | 5 | 10,000,000 | 6.00 |
Villa | 6 | 15,000,000 | 4.67 |
Townhouse | 3 | 3,500,000 | 4.86 |
Townhouse | 4 | 4,500,000 | 4.44 |
The table shows that apartments have higher gross yields than villas and townhouses, which means that they offer better returns for investors. However, villas and townhouses have higher asking prices than apartments, which means that they offer more spacious and luxurious living spaces for end-users.
Frequently asked questions about Jumeirah Golf Estates
How Popular Is Real Estate Investing In Jumeirah Golf Estates?
Real estate investing in Jumeirah Golf Estates is very popular among both local and foreign investors who are looking for a profitable and long-term investment opportunity in one of the most prestigious and sought-after golf communities in Dubai. Some of the reasons why real estate investing in Jumeirah Golf Estates is popular are:
1. The strong demand and reputation of the community, which attracts both end-users and tenants who seek luxury living and golfing lifestyle.
2. The competitive pricing and flexible payment plans, which enable investors to buy properties at attractive rates and terms, and generate cash flow during the construction phase.
3. The high capital appreciation and rental income potential, which enable investors to increase their property value over time and enjoy regular and stable returns from their properties.
How Expensive Is Real Estate Investing In Jumeirah Golf Estates?
Real estate investing in Jumeirah Golf Estates can be expensive or affordable depending on the type and size of the property that an investor chooses to buy. According to the latest data, the average price per square foot for properties in Jumeirah Golf Estates is AED 1,021 for villas, AED 1,004 for apartments, and AED 1,050 for townhouses.
However, these prices may vary depending on the specific project or property that an investor is interested in. Moreover, investors should also consider the additional costs and fees involved in real estate investing, such as registration fees, service charges, maintenance fees, VAT, etc.
What Are The Latest Off-Plan Property Launches In Jumeirah Golf Estates?
Off-plan property launches in Jumeirah Golf Estates are a dynamic and attractive market that offers many opportunities for investors who want to buy properties at lower prices and enjoy higher capital appreciation over time. Some of the latest off-plan property launches in Jumeirah Golf Estates are:
1. Signature Mansions: A collection of modern luxury villas with customizable designs and features. The villas offer stunning views of the golf courses and the skyline. The project is expected to be completed by Q2 2025.
2. Jouri Hills: A stylish enclave of 294 luxury homes with contemporary architecture and elegant interiors. The homes range from three to six bedrooms and offer spacious living areas and private gardens. The project is expected to be completed by Q2 2025.
3. Jasmine Lane: A collection of exquisite three-bedroom townhouses designed by the renowned fashion designer Elie Saab. The townhouses feature elegant finishes, smart home technology, and landscaped courtyards. The project is expected to be completed by Q3 2024.
- Sobha Properties - September 14, 2023
- Expo City Dubai - September 14, 2023
- Select Group - September 11, 2023