Dubai Marina is the current hotspot as of now. JLT should also be a desirable location considering its a mixed use area with close access to the metro station.
Cheaper accommodation can be found in International City and Discovery gardens. When you do invest, try to calculate rental yield. For instance, if you purchase a 1 BR (900 Sft) apartment in a good building for about AED 2 Million, you have to understand that you will get maximum 150k (Marina Promenade). Deduct from that about AED 30,000 in maintenance fees which means you will get about AED 120k per annum which translates to just about a 6% yield.
Good luck with your investment!
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