- propertyfinder.ae’s quarter three report highlights key housing trends and rental yields in Dubai and Abu Dhabi’s property markets
Looking to sell, but not sure what your property is worth? Or wondering where you should buy in Dubai? You might be surprised to know that the return on investment on a Dubai Sports City apartment is higher than that in Dubai Marina or Downtown Dubai.
propertyfinder.ae has compiled the latest housing trends in Dubai and Abu Dhabi in its latest quarter three report. Released during Cityscape Global, the report provides the inside scoop on where people want to buy and live, median prices and rents and the lowdown on rental yields.
“Investors would want to expand their portfolios to take advantage of these yields,” said Michael Lahyani, CEO and Founder of propertyfinder.ae. “An exciting trend that has emerged is the growth of secondary communities such as Jumeirah Village Circle, Dubai Silicon Oasis and Dubailand, where returns on investment are exceeding yields those offered by prime areas such as Dubai Marina, Downtown Dubai and Palm Jumeirah,” added Lahyani.
According to propertyfinder.ae’s report, Dubai Sports City offers a rental yield of 8.45 percent, Jumeirah Village Circle 8.13 percent and Dubailand, 7.52 percent. For villas, one of the highest returns was in Arabian Ranches, where landlords can expect to receive a 5.37 percent yield. Jumeirah Village Circle placed second with a 5.07 percent return followed by Jumeirah Village Triangle with a yield of 5 percent.
“After a sharp rebound since early 2013, the market is stabilising. For instance, from August 2013 until January 2014, the median price per sq. ft. for a Dubai Marina apartment rose by 13.18 percent. However, between March and August this year, the price fell by 2 percent,” added Lahyani.