Estate Agent in Dubai

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Bullet-Point Property: Dubai No. 68

There have been some articles in the property sections of local newspapers recently that have reported on and listed the areas in Dubai that give the best rental yields/returns.

Interesting reading perhaps, but misleading, as these league tables are calculatedon the average values and rents across all buildings in each specific community or suburb. 

Real Estate agents, pundits and owners all over the world speak about location, location, location however here in Dubai one cannot base the rent/yield/value on just this mantra.

Almost every location in Dubai has buildings that offer widely differing qualities, facilities and therefore desirability and that is reflected in the rents and values and so the yields.

The Dubai Marina is a good example of this trend, where we can find similar sized apartments in neighbouring buildings with a price differential of over 50%.

You would be wrong to presume that the cheapest apartments have the highest demand and/or occupancy levels. 

Even more reason to engage the services of an experienced and knowledgeable locally based Real Estate Agent. 

Happy to recommend one as and when required.

Last weeks property discussions have included the following:-

  • The Grand Residences in Dubai Creek Harbour launches next week. A 62 storey residential tower of 1, 2, 3, & 4 bedroom apartments and townhouses on the prime location in the Island District – prices have not been announced yet but the brochure can be viewed here and please email me if you want an update - This appears to be the very last plot which can offer expansive views of the Creek and the Dubai city skyline. Delivery is planned for December 2021 which will mean that the majority of the Island District will be established by the time you get your keys.

 

  • 1 March saw the launch of Riverside located directly on the Dubai Water Canal and alongside the new Marina and floating restaurants of Marasi Business Bay. A top end residential building with one, two and three bedroom apartments offering a choice of water views or across downtown to the Burj Khalifa – one beds start at around AED 1m, two beds at AED 1.7m and three beds at AED 3m on a 60/40 payment plan for delivery in Q1 2021.The developer is claiming a yield of up to 10%

 

  • The first townhouses in Town Square were handed over a few months ago and have rented and sold well with high demand from ex-pats looking for an affordable and family-friendly quality community. The current market value for the 3-bed homes is circa AED 1.5m so it will be interesting to see prices on the latest phase which is expected to launch next week. Let me know if you are interested - best guestimates are that the houses will start at circa AED 1.3m so some ready-made growth built into the price and above average yields for a townhouse in Dubai.

 

  • I visited the new sales office and show homes at Emaar South a few days ago and was impressed with the progress on site and with the Urbana Townhomes where it's still possible to find a large two bed for under AED 1m. I also learned more about the Saffron townhouses that start at AED 1.5m which will be handed over in 2020; there is no doubt that this will be the preferred place to live within the new city that is Dubai South. - The cheapest 3-bed townhouse from Emaar elsewhere in Dubai would be AED 1.9m so these are appealing prices for quality homes in a golf community from this trusted developer.

 

  • Danube properties are launching their Jewelz on 7th March with the marketing tagline of "beautiful homes and handsome returns", they are also claiming up to 15% returns so watch this space for more information on how they plan to achieve this.

 

You can view some of our sales and rental listings here

Elite Realty

Propertyfinder

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https://estateagentindubai.com/

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Have a great weekend