All
nationalities are having the rights to purchase and own properties in Dubai.
Why you should buy a property in Dubai now?
Why you should buy a property in Dubai now?
Gross rental
yields in Dubai among highest in world
By Parag
Deulgaonkar
Published
Wednesday, June 03, 2015
1- The gross
returns on investment from large to small apartments ranges between 5.87 per
cent and 7.21 per cent. (Patrick Castillo)
2- Gross rental
yields in Dubai are among the highest in the world, with smaller apartments
offering rental income of 7.21 per cent, according to Global Property Guide.
3- The gross
returns on investment from large to small apartments ranges between 5.87 per
cent and 7.21 per cent, according to the website that compiles and analyzes
property price performance of the world's big economies.
4- In comparison,
gross rental yields in Hong Kong stand at 2.82 per cent, India 2.22 per cent
and Singapore 2.83 per cent, while London is between 2.72 per cent and 3.20 per
cent. Hence, it is one of the factors driving Indians, Pakistanis and British
citizens to invest over Dh5 billion in the realty market here in the first
quarter 2015.
5- Looking from the
landlord's point of view, these rental levels mean that a 75 sqm apartment can
earn rental income of around Dh6239, or $1,700 per month, while 120 sq. m and
160 sq. m apartments can earn rental incomes of around $2,700 and $3,700 per
month, respectively, and 225 sq. m apartments can earn a monthly rental income
of around $4,800 per month.
6- The rental
yields research indicates that some good fundamentals underpin Dubai's property
market. Medium-sized apartments (120 sq. m and 160 sq. m) sell for an average
of $4,000 per sq. m, large apartments (225 sq. m) cost more, around $4,300 per
sq. m and smaller apartments (75 sq. m) are cheaper, selling for around $3,700
per sq. m.
7- Rents have not
fallen at the pace of price decline, therefore yields remain high. Moreover,
master developers have been trying to reduce service charges, helping owners to
pay less for maintenance of their building and community.
8- Dubai is
expected to create over 277,000 new jobs in the run up to the Expo 2020 with
the market not likely to face any oversupply in the housing market.
Source:
Dubai’s Key Advantages:
Top destination for property investors
Tax-free economy
International business hub of the Middle East
World leading multi-national companies based in Dubai
Dubai’s strategic location gives easy access to 2.2 billion consumers
from a unique centralized time zone that combines East and West business hours
Attractive currency rates: Dirham is pegged with the US dollar so
generally expect high returns
Dubai’s Gross Domestic Product (GDP) was the second highest in the GCC
at USD 420 billion in 2014 and grew 5.2%
GDP is expected to grow by approximately 5% for the next five years.
Why to Invest in Dubai:
Dubai has climbed at no. 2 among world's cities with "most improved
livability" - Gulf News report
Dubai is region's safe heaven - Khaleej Times report
Dubai is the fifth most important hub for wealthy individuals - wealth
report by Knight Frank
UAE economic growth of 4-5% expected in the next 3 years.
Capital Appreciation of 20 to 30 percent annually - Thomson Reuters
Zawya report
Price per sq. meter of Dubai land is cheaper than most cities like
London, Singapore and Hong Kong
Why to invest/live in Our Properties:
Unmatched location - Dubai's hottest attractions within 3km radius
Only fully integrated community along the Dubai Water canal
2.4 million sq. Ft. Of greenery and
stunning views
Sprawling community of world-class amenities and leisure destinations
International
School currently in operations with plans for a second school
underway from concept to completion, developed 100% in-house with zero
outsourcing
Property prices expected to increase up to 20% along Dubai Canal
15 mins from
Dubai Airport
We take 0%
commission from the buyer.
I can send to you Dubai Freehold Law by E-mail
I can send to you Dubai Freehold Law by E-mail
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