Dubai's best places to buy rental property revealed, with yields predicted at 8.3%
Dubai's best places to buy rental property revealed, with yields predicted at 8.3%
Dubai's best neighbourhoods for rental yields revealed, with one offering an annual return on investment of 8.3 per cent.
AI specialists Realiste have revealed Dubai's three most lucrative neighbourhoods in terms of rental yields, according to their market analysis.
The data shows that Hessian First Part 2 comes out on top with an average property price of AED 550,000 and a rental yield of 8.3 per cent, offering investors an income of AED 45,650 per annum.
Rental Property in Dubai
Al Thanyan First also made the list with an average property price of AED 1,050,000 and rental yields of up to 7.8 percent, which can provide owners with a return of around AED 81,900 per annum.
Jebal Ali Industrial Second Part 1, where the average property price is AED 825,000, came in third place. According to Realiste, investors can expect annual rental yields of up to 7.6 percent, resulting in potential returns of AED 62,700 per year.
Realiste CEO Alex Galtsev said these areas offer potentially lucrative rental yields and an opportunity for investors to maximize their returns.