Al Wasl
Located a 5-minute drive from Downtown Dubai and the beach is the Al Was neighborhood. This is one of the most popular residential areas in Dubai. This area is of interest to tourists, expats and migrants.
General information
Al Wasl is one of the most sought-after residential neighborhoods in Dubai, located between the bustling Sheikh Zayed Road and the tranquil Jumeirah Beach Road. This neighborhood combines the best of both worlds: proximity to the city center and the serene atmosphere of a residential setting. Al Wasl is popular among both locals and expats, thanks to its combination of luxury and comfort.
The real estate market in Al Wasl is diverse, with a wide range of properties ranging from spacious villas to modern apartments. Villas in Al Wasl are especially popular with families seeking privacy and luxury. These villas are characterized by their large plots, private pools and beautifully landscaped gardens. Many of these villas are designed in a contemporary style, with high-quality finishes and amenities that meet the expectations of luxury living.
In addition to villas, Al Wasl also offers a variety of apartment complexes. These apartments are ideal for professionals and young families who want to enjoy urban living, with easy access to work, schools, and recreational facilities. Apartments range from compact homes to spacious family homes, and many of the complexes feature communal facilities such as swimming pools, fitness rooms, and secure parking.
What makes Al Wasl special is its proximity to some of the best recreational and commercial facilities in Dubai. The neighborhood is close to City Walk, a trendy shopping and dining destination, and the iconic Dubai Canal, which offers perfect walking routes and breathtaking views. In addition, the famous Jumeirah Beach is just minutes away, allowing residents to enjoy beach life without having to go far from home.
ROI and capital appreciation
Yields and appreciation in Al Wasl are very good. This is due to its strategic location in relation to Downtown Dubai and the beach. 1-bedroom apartments and villas generate the best returns in this area. It is recommended to rent the properties short-term to tourists, expats or migrants who like to live close to the beach.
Off-plan
New construction in this region will experience an increase in value between 10% and 20% during the construction phase, which is usually 3 years. Net rental returns on the initial investment will be between 7% and 9%. After completion, value appreciation in this area will be around 5% per year.
Ready built
Existing construction in this area will experience an increase in value of around 5%.