23 April 2023, Arabian Business
Dubai’s best rental yields have been revealed, with one area offering an annual 8.3 per cent return on investment.
AI specialists Realiste has announced the top three most profitable areas in Dubai in terms of rental yield, according to its market analysis.
The data reveals that the Hessyan First Part 2 district comes out on top, with an average property price of AED550,000 and a rental yield of 8.3 per cent, offering investors a return of AED45,650 per year.
Dubai property rents
The Al Thanyan First area also made it onto the list, with an average property price of AED1,050,000 and a rental yield of up to 7.8 per cent, which could provide owners with a return of approximately AED81,900 year.
Jebal Ali Industrial Second Part 1, where real estate prices average at AED825,000 was in third place. According to Realiste investors can expect an annual rental yield of up to 7.6 per cent, resulting in a potential return of AED62,700 per year.
CEO of Realiste Alex Galtsev said these areas provide a potentially lucrative rental return and an opportunity for investors to maximise their returns.
In a separate report Realiste also announced the top three locations in Dubai where property prices are expected to grow the most by the end of 2023. One region of the city is forecast to see a 20 per cent increase in the price of real estate this year.