BEST PRIME AREAS FOR RENTAL YIELDS

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.

1. JUMEIRAH LAKE TOWERS

Jumeirah Lake Towers (JLT)is built along the edges of four artificial lakes and features 79 towers. The community is a part ofnewDubai 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 tomaximisingyour rental yield for a luxury community, JLT offers one of the best in Dubai. Rental yield: 7.26%

2. DUBAI MARINA

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%

3. JUMEIRAH VILLAGE CIRCLE

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%

4. EMIRATES LIVING

The master development of Emirates Living consists of four primary residential sub-developments,The Lakes, The Springs,The Meadowsand Emirates Hills. The community provides its property owners with rental yields which arehigh when compared to others. Rental yield: 6.81%

5. MEYDAN CITY

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% 6. JUMEIRAH BEACH RESIDENCE

Jumeirah Beach Residence (JBR) is a cosmopolitan beachfront community. It isthe largest single-phase residential and commercial project in the world. The stunning communitycomprises of 40 eyecatching towers that are divided into six clusters. The towers host highly sought after apartments, all overlooking the Arabian Gulf. JBR isperfectly designed for couples and young families. Rental yield: 6.61%

7. BUSINESS BAY

Minutes away from Downtown Dubai, Business Bayis Dubai’s new center for trade and business. It features anew 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 ofsupermarkets, dining and entertainment outlets as well as a number of internationally acclaimed hotels. Rental yield: 6.28%

8. ARABIAN RANCHES

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%

9. DOWNTOWN DUBAI

The urban concept ofDowntown Dubai features modern city living at its best. The community hosts a number of Dubai’s unrivalled attractions that includeBurj Khalifa, The Dubai Mall, andThe Dubai Fountain. It is home some of the most high-flying residents. Rental yield: 5.92%.

10. DUBAI SOUTH

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%