31/01/2016
Top Dubai communities giving rental returns of up to 10%
1) Discovery Gardens
Gross rental yield stood at 10.2 per cent in 2015 compared to 9.4 per cent in 2014, as the average selling prices fell to Dh846 per square foot (psf), down 7 per cent, from Dh913 psf in 2014.
2) Jumeirah Village Circle
Jumeriah Village Circle was ranked second on the list. Gross and net rental yields for 2015 were 10 per cent and 8.86 per cent, respectively, compared to 8.50 per cent and 7.42 per cent in 2014.
3) Dubai Silicon Oasis
Third position was taken by Dubai Silicon Oasis. Gross and net rental returns were 9.80 per cent and 8.38 per cent, respectively, for 2015, compared to 9.50 per cent and 8.10 per cent in 2014.
4) International City
Fourth position went to International City. Gross and net rental returns were 9.20 per cent and 8.29 per cent last year, compared to 8.60 per cent and 7.71 per cent in 2014.
5) Dubai Sports City, IMPZ, The Greens
Three communities - Dubai Sports City, International Media Production Zone (IMPZ) and The Greens - shared the fifth position on gross rental yields. They offered investors a healthy return of 8.80 per cent in 2015.
However, net rental yield in Dubai Sports City was 7.81 per cent last year compared to 7.70 per cent in 2014.
6) Business Bay
Business Bay followed the above communities and reported a gross and net rental yield of 8.50 per cent and 7.85 per cent for 2015 compared to 8.80 per cent and 8 per cent in 2014.
7) Jumeirah Lakes Towers
Jumeirah Lakes Towers held the ninth rank as rental returns for 2015 stood at 8.30 per cent (gross) and 7.07 per cent (net).
8) Dubai Marina
In 2015, gross and rental returns in Dubai Marina were 8.10 per cent and 7.16 per cent with average prices being Dh1,575 psf and average rents being Dh85,000 to Dh223,000 pa.
9) Palm Jumeirah
According to the consultancy, Palm Jumeirah’s gross and net rental yield for 2015 stood at 6.30 per cent and 5.59 per cent in 2015. Average prices per square foot was Dh1,605, while rents were between Dh140,000 and Dh235,000 pa.
10) Downtown Dubai
Downtown Dubai's gross and net rental yield stood at 6.40 per cent and 5.60 per cent, respectively, in 2015. Average sales were Dh2,203 psf, while rents ranged from Dh92,000 to Dh246,000 pa.
Source : http://www.emirates247.com/business/top-dubai-communities-giving-rental-returns-of-up-to-10-2016-01-26-1.618668
