The position of real estate investment in Bangladesh is constantly transforming and evolving. Add to that the stress that comes with investing in new property, and there is a chance you will not be able to make a concrete decision. The city of Dhaka has experienced changes in every possible sphere from the moment Bangladesh became independent. Dhaka has always seen a population boom as there are many more opportunities in our capital, be they educational or job-related. With increasing availability of modern amenities, our capital has become a prime location for investing in property. Research must be done to understand the property well before you decide to invest, whether you are a seasoned investor or a newbie.
In this blog, we’ll explore the most sought-after areas in Dhaka for property investment and why they stand out.
The Core of Modern Dhaka – Gulshan
Gulshan has always been considered a prestigious neighborhood of Dhaka; especially as it is home to a majority of the diplomats and affluent locals who live in Bangladesh. The top-class shopping malls, state-of-the-art infrastructure, international restaurants, as well as business centers – Gulshan offers an appealing environment for investors. Gulshan is located in such a way where it ha commercial and residential spaces, which is why luxury homes and offices are constantly sprouting up here. The high demand for luxury property in this area also means a steady flow of income; meaning that it is a dependable option for investors looking for long-term solutions.
The Centre for All Activity – Banani
Banani is very close to Gulshan, and is more well-known for being home to start-ups that are looking for open, functional workspaces at a fraction of the cost of a traditional office space or a building. In recent days, people who want to live in an area where they have the opportunity to invest in both commercial and residential property are choosing Banani over other locations in and around the Capital.There are a number of reasons behind this.For one, the latest and coolest activities always seem to take place in Banani. The trendiest cafes, restaurants are often built in Banani; while there is proximity to the airport and Baridhara Diplomatic Zone. As an investor, you get to explore a diverse range of options in Banani before dipping your feet into one that is lucrative.
Where Tradition Meets Modern – Dhanmondi
Dhanmondi used to be an area where only dynasties (families with old money) would invest in. Nowadays, it is thought of as an investor’s haven – especially if you are looking for a variety of ranges of property to invest your money in. With its abundance of parks, cultural spots and educational institutions, it strikes the perfect harmony between the old and the new. For anybody looking to invest in a prime residential local, Dhanmondi would be your best bet – especially for its proximity to hospitals, markets, schools and all other essentials. There is also the fact that you would get to explore places like the Dhanmondi Lake, Bangladesh National Museum, Chhayanaut etc all add to the cultural significance of the area. If you wish to rent out your property, Dhanmondi promises steady returns.
A Corporate and Commercial Zone – Mohakhali
Mohakhali is perhaps the most rapidly developing area of Dhaka. Many of the most modern corporate & IT-based offices and healthcare institutions are located. Mohakhali is an amazing location for people who are looking to invest in commercial properties, especially since the demand for office spaces is quite high here, and rent is more affordable than in Gulshan or Banani. With the expressway now being there as a connector, travel to and from Mohakhali has also become simpler, increasing its demand significantly.
Expanding Horizons – Uttara
There was a point in time when Uttara was considered almost as a suburb of Dhaka. That same Uttara is nowadays considered as a hotspot for fresh investments, due to the growth of residential complexes and modern amenities in and around the area. If you are looking to invest somewhere that is new and developing, Uttara is definitely the place for you! The improving infrastructure (better roads, schools, hospitals) as well as the metro rail project have enhanced the connectivity of Uttara to central areas of Dhaka, which in future is expected to raise property values.
No matter which part of Dhaka you might choose to invest in, there are a multitude of opportunities that are just waiting to be explored. While not all investments might have high short-term yields, you also have to take into account what you can expect from that property in a few years’ time. High-quality properties (both luxury and mid-range) are decided based on how much investment potential they contain (new or old). Areas like Dhanmondi and Mohakhali have numerous options, especially if you want to invest in a property with steady returns throughout the year. The property market of Dhaka will keep evolving with the city itself. Approaching this investment decision strategically can be rewarding, both in-terms of money, and in terms of personal fulfillment.