The rental value of apartments in Dubai Marina has increased from 16% to 20% during the first six months of 2022. At the same time, the purchase of a local 1-room residential unit costs an average of AED 88,000. In Downtown Dubai, due to increased demand from buyers and tenants, rents have risen from 3% to 43%.
Luxury real estate in Jumeirah is in the greatest demand among wealthy tenants. This is happening despite the increase in rent from 14% to 17%.
Taking into account the trends taking place in the Dubai real estate market, experts recommend investors to invest in Dubai Sport City apartments, the monthly yield of which is 8.04%. They should also take a closer look at Dubai Marina and DAMAC Hills, whose profitability ratio has reached 6.97% and 6.53%, respectively. The rental income in Arabian Ranches 2 was 6.12%.
In the most sought-after areas of Dubai, the cost of villas and apartments has increased from 1% to 19%. Jumeirah Village Circle remains one of the most attractive options for potential investors looking for inexpensive residential properties, while buyers of luxury real estate prefer Dubai Marina.
