When compared to the UAE, real estate markets all across the world fall short on rental yields. As a result, it’s no surprise that Dubai attracts a large amount of investment from both domestic and international investors. If you believe you’re missing out, keep reading to see how property prices in Dubai are only beginning to rise. Take a look at the projects being undertaken by the largest names in the industry, such as Emaar, Damac, Nakheel, and Deyaar, to name a few.
As the city has succeeded to create prospects for the last decade, global events and interests have sparked around Dubai. Despite the fact that specialists have seen a reduction in ValuStrat values for residence homes, apartments, and villas over the last two years. This does not, however, prevent the city from expanding. Projects are ongoing to make at least 48,500 units ready by Expo 2020 in October.
- Emaar Properties is leading the charge to complete at least 4000 homes on its own.
- With 1058 apartment units added to the total, Damac isn’t far behind.
- With 704 apartment complexes, Time Properties’ Arabian Gate project has a lower number of units but is still in the race.
- Wasl Asset Management Group’s 2500 apartment complex in Ras Al Khor is also nearing completion.
- The three City Residential Towers of the Al Habtoor Group have 1427 freehold flats for sale
- The Millennium Palace in Al Marsa is set to open in the middle of the year and will feature around 1500 units, including 128 serviced apartments.
Return on Investments and Rental Yields:
Despite the fact that Monaco remains the most expensive city in the world to buy property in, Dubai continues to be the most lucrative investment destination in the world. How? Take a look at the various rental yields available in residential complexes in Dubai.
- The rental yield at Discovery Gardens is 8.6 percent.
- With an annual rental yield of 8.2 percent, International City is a close second.
- On net rentals, Remraam is offering a 7.6% yield.
- Al Barsha has a yield of around 8%.
- With a fantastic 7.9% yield offer, Barsha Heights is right behind them.
- JVC, or Jumeirah Village Circle, is a 7.6% yielding investment.
- The yield on Dubai Marina is 6.3 percent.
- The Palm Jumeirah is producing a 5.3 yield.
- Annual rental yields in downtown Dubai are currently at 4.8 percent.
It is important to consider these figures when deciding whether or not to invest in Dubai. Similarly, if you look at the apartment complexes that offer the best returns, you can invest in property for rent in Dubai in the following locations:
- Emirates City in Ajman offers rental yields of up to 10.5 percent on the initial investment.
- With an 8.7% return, Ajman Downtown comes close to attracting investors who bid on every opportunity.
- Al Hamra Village in Ras Al Khaimah is also offering an 8% return.
The question is not why you should invest in Dubai real estate. Why wait, you could ask? Because with each passing instant, someone else will seize the opportunity.