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In Dubai, the rental value of luxury real estate continues to grow

In Dubai, the rental value of luxury real estate continues to grow

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.

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