Real Estate Prices in Ghantoot
As of the third quarter of 2024, real estate prices in the area vary depending on the type of housing. Apartments can be purchased for an average of 2,500,000 AED ($680,650), townhouses cost around 4,500,000 AED ($1,224,000), and villas are priced between 7,500,000 AED ($2,041,500) and 23,500,000 AED ($6,403,800).
Real Estate Returns in Ghantoot
Investing in real estate in the area is suitable for generating income from both short-term and long-term rentals. The annual return averages 8%, attracting investors seeking stable passive income. Short-term rentals, especially during the tourist season, also show high returns, reaching up to 10%.
Infrastructure in Ghantoot
The area also features several prestigious educational institutions, such as Ghantoot School and Ghantoot International School. Among the nearest schools and universities in Dubai are Jebel Ali School and University of Wollongong, and in Abu Dhabi—British International School and New York University.
For shopping enthusiasts, the area has the Ghantoot Shopping Mall, which houses stores of well-known international brands, restaurants with international cuisine, and entertainment venues. Dubai Marina Mall and YAS Mall are accessible within 30-35 minutes.