For the past few years, the Dubai real estate marketplace has been thriving like never before and this is the reason why individuals from across the globe are attracted to this city. When it comes to earning a high income, there is nothing that can earn you more than your real estate investments. There are a few things you need to consider when earning high rental yields in Dubai. Among these things, the first thing that you need to consider is the location of the property. However, if you are new to this city and do not know much about the prime locations in Dubai, then this blog post will help you with that.
In the upcoming sections, we shall take a look at the best locations in that offer good rental yields. Though, besides location, you also have to consider factors such as demand, accessibility, and infrastructure. But, location is the prime factor to take into consideration. So, we will now take a look at that.
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Downtown Dubai
This is one of the areas in Dubai that has high demand in terms of real estate as it boasts a wide selection of properties in different configurations. The reason why this is a prime location in Dubai is because it is situated close to Dubai Opera, Dubai Mall, and the iconic Burj Khalifa. Both tourists and short-term tenants look for properties near these attractions. Hence, it can turn out to be a good location that offers high rental yields in Dubai. If you have a property in this location of the city, you can expect a yield of 5 to 6% annually.
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Dubai Marina
Whether you are looking for short-term or long-term rentals, you should invest in one of the properties at the Dubai Marina location. This is because it is one of the most sought-after locations in the city and it majorly is because of its waterfront views. There are multiple restaurants, shops, and cafes in this area making it a prime tourist attraction and attracting tenants as well. The main reason why you should invest in a property at this location is that it could earn you around 6 to 7% rental yield annually.
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Jumeirah Village Circle
This is one of the most developing areas in the city and the reason is that it offers a wide selection of properties such as apartments, villas, townhouses, and more. Since this location is pretty close to commercial areas, professionals living with their families often rent out an apartment in this place. This property offers low entry prices comparatively and could earn you high rental yields in Dubai ranging from 7 to 8% annually.
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Business Bay Dubai
This is yet another location that attracts tenants from different corners of Dubai. Whether you are a professional or want to establish a company, this is the place where you can find several rental options. Another reason why this place is seeing growth is because of its close proximity to many key locations in Dubai such as Downtown Dubai, Burj Khalifa, Dubai Canal, and more. Hence, to achieve high rental yields in Dubai, this is the best place to invest in a property. Believe me, there couldn’t be a location better than this as it could get you around 6 to 7% yield annually.
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Dubailand
To earn a 7 to 8% rental yield annually, invest in a property at this location as it is the most in-demand location by the residents of Dubai. At this place, you will find a variety of leisure and entertainment options such as shopping malls, theme parks, sports complexes, and more. Those who are looking for affordable housing options will certainly consider this location as an option. Hence, there are high chances of occupancy.
Conclusion:
Affordable properties are likely to get occupied faster and for a longer duration resulting in high rental yields in Dubai. Therefore, apart from the “location” factor, you also need to take into consideration factors such as affordability, infrastructure, amenities, and development growth. I hope this blog post turned out to be helpful to you especially when you are confused about which location to invest in real estate in Dubai.