THE BUSINESS LUXHABITAT
LUXHABITAT REPORT: BEST PRIME AREAS FOR RENTAL YIELDS THINKING OF INVESTING IN A PROPERTY IN A PRIME LOCATION IN DUBAI? ANKITA BHOWMICK BREAKS DOWN A LIST OF THE BEST OPTIONS WITH AN ATTRACTIVE RENTAL YIELD.
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1. JUMEIRAH LAKE TOWERS
6. JUMEIRAH BEACH RESIDENCE
Jumeirah Lake Towers (JLT) is built along the edges of four artificial lakes and features 79 towers. The community is a part of new Dubai and is primarily home to young couples and young parents. JLT hosts a wide selection of retail and dining options and is well-connected by Dubai Metro. When it comes to maximising your rental yield for a luxury community, JLT offers one of the best in Dubai. Rental yield: 7.26%
Jumeirah Beach Residence (JBR) is a cosmopolitan beachfront community. It is the largest single-phase residential and commercial project in the world. The stunning community comprises of 40 eyecatching towers that are divided into six clusters. The towers host highly sought after apartments, all overlooking the Arabian Gulf. JBR is perfectly designed for couples and young families. Rental yield: 6.61%
2. DUBAI MARINA
7. BUSINESS BAY
The upscale waterfront community of Dubai Marina is one of the most iconic destinations of the city. It is home to mostly singles and young couples and offers its residents with a cosmopolitan and free-spirited atmosphere. The community is known to host an active nightlife and a large choice of eateries. It also features the Dubai Marina Yacht Club and 5-star holets including The Address. Rental yield: 7.23%
Minutes away from Downtown Dubai, Business Bay is Dubai’s new center for trade and business. It features a new yacht and sailing boat dock thanks to the new canal, which enables most buildings to have a glorious skyline view as they are all high-rises. The community hosts an array of supermarkets, dining and entertainment outlets as well as a number of internationally acclaimed hotels. Rental yield: 6.28%
3. JUMEIRAH VILLAGE CIRCLE
8. ARABIAN RANCHES
Jumeirah Village Circle (JVC) is situated in the heart of new Dubai and is ideal for those residents who are looking out for a luxurious lifestyle in a tranquil surrounding. The community is home to more than 2000 sprawling luxury villas and exclusive townhouses in a peaceful setting. JVC currently offers one of the highest rental incomes in Dubai’s luxury market. Rental yield: 7.14%
Arabian Ranches is a premium neighbourhood, featuring luxurious villas in tranquil desert surroundings and is ideal for those who like to stay away from the hustle and bustle of the city. The sprawling gated community also hosts retail centres and the Arabian Ranches Golf Club and the Dubai Polo and Equestrian Club. There have been two new phases launched since. Rental yield: 6.02%
4. EMIRATES LIVING
9. DOWNTOWN DUBAI
The master development of Emirates Living consists of four primary residential sub-developments, The Lakes, The Springs, The Meadows and Emirates Hills. The community provides its property owners with rental yields which are high when compared to others. Rental yield: 6.81%
The urban concept of Downtown Dubai features modern city living at its best. The community hosts a number of Dubai’s unrivalled attractions that include Burj Khalifa, The Dubai Mall, and The Dubai Fountain. It is home some of the most high-flying residents. Rental yield: 5.92%.
5. MEYDAN CITY
10. DUBAI SOUTH
The new business, sporting and lifestyle destination of Meydan City covers more than 40,000,000 sqft on a land of 15,000,000 sqft. Located in the Ras Al Khor area, the development also hosts the Meydan Museum, Gallery, an IMAX theatre, and a golf course in addition to several residences. Most of the town has off-plan projects while some schemes are being developed at a fast pace. Rental yield: 6.64%
Offering leasing, business and residential units, Dubai South is an emerging 145 sq. km. neighbourhood close to the Expo 2020 site. Located within close proximity to the Al Maktoum International Airport, Dubai South features a world-class community living within an urban environment. It already has a couple of projects released by Emaar, called ‘Emaar South’. Rental yield: 5.87%
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