Top 5 areas that generated the highest rental yields for 2021

blog-post-image

Blog Description

In the year 2021 Dubai real estate sector started its business on a positive note. The Dubai property market not only witnessed stabilization of sales prices but also saw a considerable recovery in the most popular neighborhoods. Several factors have contributed to this upsurge of sale prices; a Decrease in down payments, mortgage rates in favor of customers, never before prices, and most importantly people realizing their need for bigger living spaces that were bought upon by increasing pandemic which brought upon high yields for Dubai real estate.

In the emirate after recent announcements regarding the UAE residency law, remote working visas and ownership of foreign businesses have created a wider pool of investors and buyers. Dubai Land Department published data according to which 62% of investors that entered the Dubai market were new and was attracted by the growing appeal of Dubai as a property investment destination.

Our team of experts has shortlisted the top 5 areas that generate the highest rental yields for the years 2021 –

Jumeirah Village Circle – If someone dreams of owning a luxurious house with surreal surroundings The Jumeirah Village Circle is the place. It is located in heart of new Dubai and has attracted residents from around the world. JVC offers a variety of luxurious villas and exquisite apartments. JVC is offering the highest rental yield in the whole of Dubai at 7.84%. From an investor point of view investing here will make your income graph skyrocket at an impressive pace.

Jumeriah Lake Towers – 79 long-standing towers built along the edge of artificial lakes, Jumeirah Lake Towers is a perfect place. Attracting young couples, friends and families Jumeriah Lake Towers offers numerous numbers of dining options. JLT is one of the best real estate investments as investors can maximize their rental yields by entering a luxury community up to 7.69%.

Culture Village - Dubai has always been famous for its widespread deserts but as time passes Dubai has become popular for its unique architecture. When we talk about Culture Village art and engineering are at utmost combination. Culture village stands out from the rest of the city owing to its architectural design and heritage. Development projects like Dubai Wharf, Palazzo Versace, and D1 Tower are still open in culture village. The diversity of residential and commercial zones has attracted assorted residents. For investors, the annual rental yield from culture village is 6.54% which is quite high.

Emirates Living – Investors from around the world not only look for places with a healthy return but also some look for places with natural beauty. Some places in Dubai attract such investors. Emirates living offer four types of residential developments – 

  • The Lakes
  • The Meadows
  • The Springs
  • Emirate Hills

 

Emirates’ living does not just offer exquisite architecture and stunning landscape features, It also offers investors with potential opportunity to earn up to a 6.45% annual rental yield.

Dubai Marina - In UAE, Dubai Marina is one of the best living options for youngsters. The waterfront community offers multiple features to its residents for making it a chic place to live in. For real estate investors who like to buy and rent their properties, this place is a go-to destination as it offers high rental income with rental yields of up to 6.16%

Neighborhoods like DAMAC Hills , Dubailand, and Jumeirah Village Towers were the place of interest for investors, and other affordable communities like Jumeirah Lake Towers, Mudon, The Springs, and Dubai Silicon Oasis also gathered the interest of smaller investors. Our experts from Signature Habitat also observed that the focus of investors with high net worth was on Dubai Marina, Arabian Ranches, Downtown Dubai, and Palm Jumeirah. Upscale developments like The Villa and Dubai Hills Estate have also made investors interested in looking for luxury properties.

 

Leave a reply

Signature Habitat Properties LLC is a property brokerage company registered in Dubai – UAE (License No. 861348). We are regulated by Real Estate Regularity Agency under office No.2608, Concord Tower Dubai Media City, Dubai - UAE

    Follow us