Why is Dublin’s ‘Silicon Docks’ a desirable investment district for overseas property investors?

Why is Dublin’s ‘Silicon Docks’ a desirable investment district for overseas property investors?
Conor Fitzpatrick

Why is Dublin’s ‘Silicon Docks’ a desirable investment district for overseas property investors?


The nickname of the “Silicon Docks” in Dublin has been officially recognised to describe the area where the world’s biggest technology companies have chosen as their European HQ. Facebook, Google, LinkedIn, Salesforce, Airbnb, Amazon, Indeed, TripAdvisor, Accenture, Twitter, Stripe are just some of the growing list of companies that have set up in Dublin, primarily in the Silicon Docks area.


With an area workforce expanding day-by-day, global and local workers have been attracted to this area to fill these highly paid roles, with stories of some of them staying temporarily in hotels during the week, such is the shortage of rental accommodation in this area.


Many of the workers want to live in the area, not just because it is close to their work but it is also a very desirable place to live with may top end restaurants, bars and cultural events that are staged in the Bord Gais Energy Theatre.




  • Massive undersupply of rental units
  • Rent increasing faster than averages
  • High earning tenants
  • Lowest 2-bed monthly rents €2,500
  • Lots of bars, restaurants & cultural amenities
  • Continuing MNC office growth in 2020 onwards
  • Limited residential developments
  • Highly sought-after location to work and live

If you are thinking of investing in property as a source of alternative income,

why not contact us today to discuss your requirements in more detail?

Phone: +353 86 325 0048 I Email: info@spirecapital.ie

  • Property Market

    Dublin – one of the best kept property secrets in Europe

    Dublin – one of the best kept property secrets in Europe   Rents keep rising as scarcity of properties to rent persists   A massive surge in home-building is needed to stem the relentless rise in rents, latest rental market analysis shows.   The report says 500 new rental properties need to be built every single week for the next three years in Dublin alone — a total of 80,000 over the period.   Report author Ronan Lyons says the solution is to encourage private developers to build and institutional investors to become landlords.That conflicts with the view of many housing rights advocates that the bulk of new homes should be provided by the State through social housing programmes and by non-profit bodies.   Whatever the solution, the problem is clear — there are too few rental properties available to meet the demand and rents are rising far in excess of general inflation, further limiting the choices of hard-pressed renters.   According to the report, from property website Daft.ie, the average monthly rent being paid nationally is now €1,366 but there is huge variation within that figure as it covers both rural and urban addresses and properties of all sizes.   A family needing to rent a three-bedroom house faces an array of different rents depending on where they need to live.   Dublin will present them with the greatest challenge as homes in that category range in cost from €1,671-€2,210 per month in the county areas and €1,780-€2,623 within the city boundary.   Ireland offers best yield in Europe for buy-to-let landlords   For the third year in a row Ireland has been named the most attractive destination for Europe’s buy-to-let investors. Reasonable property prices, a stable economy and consistent rental demand all add up to make Ireland a very tempting proposition for buy-to-let investors. According to the third annual European Buy-To-Let League Table from WorldFirst, an international payments expert, Ireland is the best destination in Europe for landlords.   Ireland offers an average yield of 7.69%, making it very appealing for investors hoping to maximise rental returns. Hot on its heels is Cyprus, up from 9th place last year to the second slot this time around, while right at the bottom of the table is France, which knocked Sweden off the least-coveted spot.   Ireland’s success is also no doubt helped by the fact that property prices are currently soaring across much of Western Europe. Jeremy Thomson-Cook, chief economist at WorldFirst, says: “Part of the reason for Ireland’s buy-to-let success is while average house prices across the country are on the rise, they still sit some way below the country’s 2008 peak. What’s more, only Malta, Luxembourg and Sweden have experienced higher population growth than Ireland meaning that rental demand continues to go from strength to strength. Add these two factors together and you have a compelling overall proposition for buy-to-let investors”.
    Author: Conor Fitzpatrick
    Read Time: 5 mins