Bullet-Point Property: Dubai No. 72
A property that sells for under AED 500k (£100K) and you can expect very small units or inferior quality therefore tough to find a tenant or future buyer but receives a high rental yield.
Property over AED 1.5m (£300k) and you have more luxury in a central location which receives a good demand from buyers and tenants but a lower rental yield.
The sweet spot and focus for investors looking for above-average rental yield combined with quality in Dubai needs to be properties priced between AED 500k and AED 1.5m (GB£ 100k to £300k).
Yes, this is a high-level viewpoint, and I am not suggesting that you base your purchasing decision for a "Buy to Let" solely on the above statements.
Do your research and also speak with an independent and experienced real estate agent to understand the unique valuation dynamics that are applicable in this market.
This weeks property discussions have included the following; -
- I am pleased to announce that finally the developers of the hugely popular Belgravia 1, 2 and 3 and Eaton Place in Jumeirah Village Circle (JVC) will be launching their latest project on Monday 2nd April. Not the first time that I have mentioned Belgravia Heights in these emails but finally all the legal requirements are in place, so sales will start this week, and we expect masses of interest for these one beds starting at circa AED 730k (£140k) and the two beds at AED 1m (£200k). We have already managed to reserve a range of apartments so we have available for our clients and can give you all the required information on Monday afternoon. Click here for more details
- We now have more details on Emaar's latest project Collective, an innovative concept for co-living spaces in Dubai Hills Estate that is suited for investors, within walking distance of Dubai Hills Mall, with a planned metro station around the corner. Small one and two bedroom apartments with highly functional interiors that have a flexible layout with partitions allowing the bedrooms to open to the living room for a larger, spacious feel. One bedstarted at AED 671k (GB£130k) and two beds at AED 1m (GB£194k), book now with 10%, pay 50% during construction and 40% on handover in 2021.
- Rawda 1 is almost sold out, but there is still good availability in Rawda 2which is on an excellent 49-month payment plan of 50% during construction, 10% on handover and 40% over two years post-handover. One bed start at AED 754k (GB£ 144k) and two beds at AED 945k (GB£ 183k).
- The Pacific the first purely residential property to complete on Ras Al Khaimah’s Al Marjan Island offers a range of modern apartments with uninterrupted ocean views, direct beach access and some of the best resident facilities in the area. Studios from AED 335k (GB£ 65k), 1-bed from AED 557k (£108k), 2-beds from AED 669k (£129k), 2-bed Gulf suites from AED 840k (£163k) and 2-bedroom duplexes from AED 1,032,000 (£200k). There are currently limited time developer payment plans available, which we can discuss further and will depend upon the preferred property type. Good demand from local ex-pat residents for rentals as well as overseas buyers and holidaymakers looking for a place in the sun.
Belgravia one bed with Park View - Vacant
A two bed in the Marina with a view
Belgravia one bed with Pool and Garden View – Tenanted
Belgravia two bed with Community view – Vacant on Transfer
A studio that's furnished and ready to rent
You can view some more our sales and rental listings here
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Have a great day and I hope to see you very soon