What does 2017 hold for Dubai property investment? What are the areas you should be investing in to benefit from the best Dubai rental returns?
As per latest reports, new districts seem to offer some of the best Dubai rental yields. Recent data has indicated that Dubai’s emerging and budget freehold areas offer the biggest yields of nearly 9 percent, followed by midmarket neighbourhoods such as The Greens and Jumeirah Lake Towers. Emerging areas offering exceptional Dubai rental yields include:
Dubai Silicon Oasis (DSO).
A master-planned development, Dubai Silicon Oasis spans 7.2 million sq. m. and is a fully integrated living and working community. Featuring high-rises and villas, living in Dubai Silicon Oasis offers residences convenient access to everyday amenities, schools, cafés and restaurants. Within a 10-minute drive, residents have access to Mirdiff City Centre, Festival Centre and Dubai Outlet Mall.
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Dubai Motor City.
Enjoy the world of Formula One in Dubai. Based on a motor-sport theme, Motor City offers apartments, studios and serviced apartments for property investment purposes. A self-sufficient community in Dubailand, Motor City features entertainment, dining, leisure, retail, residential and commercial offerings.
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Nestled next to Downtown Dubai, Business Bay offers commercial properties and residential apartments, from studios to penthouses. The airport is just 20 minutes away and the locality is situated between Sheikh Zayed Road and Al Khail Road, which makes travelling to other locations quite easy.
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A freehold community inspired by garden living, Discovery Gardens is a beautiful family-oriented development. The Ibn Battuta Mall is a key attraction. The metro is easily accessible and the community has exceptional facilities such as tennis and basketball courts, jogging trails, swimming pools, play areas and cycling paths.
Dubai continues to be amongst the top global cities when considering long term property investment. The much-awaited Expo 2020 is expected to create new jobs, which will positively impact both sales and retail markets in the long term across the country and drive economic growth. Aside from real estate, Dubai offers a world-class business environment and infrastructure for start-ups, and has emerged as a leader in pioneering luxe retail and hospitality projects.
Moreover, measures that Dubai Land Department (DLD) is taking to improve the transparency of the Dubai real estate market, such as the new building classification system which aims at creating a complete database of every single unit in Dubai alongside a star rating system, will increase its attractiveness in what can be seen as the post-oil era in the coming years.