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Upcoming Real Estate Trends in Dubai

Published on 2020
Reading Time : 5 Mins

Real estate markets all around the world, when compared to UAE, fall short on rental yields. Thus, it is no surprise that Dubai manages to attract a lot of investment not just from domestic investors but foreign ones as well. If you think you’re missing out, you need to read on to see how properties in Dubai are only just increasing in numbers. You can take a look at the number of projects being undertaken by the biggest giants like Emaar, Damac, Nakheel and Deyaar, to name a few.

Housing Projects:

Global events and interests have piqued around Dubai as the city has managed to provide opportunities for the last decade. Even though there has been a decline being noted by experts over the last two years in ValuStrat values for residency homes, apartments and villas. However, this doesn’t stop the city from growing. Projects are underway to make available at least 48,500 units before October’s Expo 2020.

  • Emaar Properties are single-handedly taking the initiative to complete at least 4000 units
  • Damac is not falling far behind with their 1058 apartment units being added to the total.
  • Comparatively lower in numbers but still in the race is the project Arabian Gate by Time Properties with 704 apartment complexes.
  • Furthermore, Wasl Asset Management Group’s 2500 apartment complex is almost completed in Ras Al Khor.
  • Al Habtoor Group’s 3 City Residential Towers housing 1427 freehold apartments for sale is another project worth mentioning.
  • Millennium Palace at Al Marsa will be completed in the middle of the year and will offer almost 1500 apartments with 128 service ones.

Rental Yields and Return on Investments:

Although Monaco is still the most expensive city in the world to buy property in, Dubai still leads the global demand for property being the most lucrative investment hub. How? Let’s take a look at the various rental yields offered in apartment complexes in various places in Dubai:

  • Discovery Gardens offer an 8.6 percent rental yield.
  • International City comes in a close second with an 8.2% yield on annual rentals.
  • Remraam is offering a 7.6% yield on net rentals.
  • Al Barsha offers a close 8 percent yield.
  • Barsha Heights trail close behind with a remarkable 7.9% yield offer.
  • Jumeirah Village Circle or JVC offers its investors a 7.6 percent yield.
  • Dubai Marina offers a 6.3% yield.
  • Palm Jumeirah is yielding a close 5.3 yield.
  • Downtown Dubai is currently yielding 4.8% on annual rentals.

It is indeed noteworthy to factor in these numbers to plan on investing in Dubai. Similarly, if you take a look at the apartment complexes that are offering the highest yields, you can certainly invest in property for rent in Dubai in the following places:

  • Ajman’s Emirates City provides rental yields amounting up to 10.5% on the original investment.
  • Ajman Downtown comes close with the 8.7% yield that makes investors bid on every opening.
  • Ras Al Khaimah’s Al Hamra Village is also providing an 8% yield.

The question is not why you should buy property in Dubai. The question is, why wait? Because every moment that passes is another opportunity someone else will take.

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