Deira

Located between Dubai and the Emirate of Sharjah is the old area of Deira. This community is a mix of high-rise and low-rise buildings, culture, living and shopping in traditional markets. This area is attractive to locals and expats with a little less to spend.

General information

Deira is a historic district in Dubai known for its vibrant souks (markets) and cultural heritage. Originally a separate city, Deira is now one of the oldest parts of Dubai, located on the eastern bank of the Dubai Creek. Deira is known for its traditional Arab architecture, such as the wind towers that were used for natural ventilation in the hot climates.

Deira's souks are a major attraction, where visitors can wander through winding alleys and find stores selling everything from spices and textiles to gold and jewelry. Deira's Gold Souk is especially famous and attracts shoppers from all over the world.

In addition to the markets, Deira also has some notable historical sites, such as the Al Fahidi Fort, which now houses the Dubai Museum and offers insight into the region's history. Deira is also known for its diverse dining scene, where visitors can enjoy authentic Emirati dishes and cuisine from around the world.

Although Deira is one of the oldest parts of Dubai, it has also seen modern developments such as luxury hotels, shopping malls and skyscrapers along the coastline. However, it still retains its charm and cultural heritage, making it a fascinating destination for locals and tourists alike.

ROI and capital appreciation

Returns and appreciation in Deira are moderate. This is due to the old construction and the condition of this construction. The villas, townhouses, 2 and 3 bedroom apartments generate the best ROIs in this area. It is recommended to rent the properties for a mix of long-term and short-term. The 2-bedroom apartments are sold from €450,000 and the villas from €800,000.

Off-plan 

New construction in this region will experience an increase in value of around 20% during the construction phase, which is often 3 years. Net rental returns on the initial investment will be between 4% and 6%. After completion, the increase in value in this region will be around 5% per year.

Ready built

Existing construction in this region will experience a 5% annual increase in value.

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