Thinking of investing in a property in a prime location in Dubai? Luxhabitat breaks down a list of the best options with an attractive rental yield. The data supplied is from Property Monitor.
1. Jumierah Lake Towers
Built along the edges of four artificial lakes, the upscale community of Jumeirah Lake Towers (JLT), is a part of 'new Dubai'. It is primarily home to young couples and young parents. Residents get to enjoy proximity to a wide range of retail and dining options and is well-connected by Dubai Metro.
Rental yield: 7.26%
2. Dubai Marina
Hosting a lot of singles and young couples, the waterfront community of Dubai Marina is known for featuring a cosmopolitan and free-spirited atmosphere. The community also provides a wide range of active nightlife and a range of eateries.
Rental yield: 7.23%
3. Jumeirah Village Circle
Situated in the heart of new Dubai, away from the hustle and bustle of the city, Jumeirah Village Circle (JVC), is perfectly suited for those residents who like to live a luxurious lifestyle in a tranquil surrounding. The community features more than 2000 sprawling luxury villas and exclusive townhouses, all in a peaceful village setting.
Rental yield: 7.14%
4. Emirates Living
Emirates Living is a master development that consists of four primary residential sub-developments, Green Community, The Lakes, The Springs, The Meadows and Emirates Hills. The properties on offer are complemented with luxury amenities. Emirates Living is known for featuring perfectly landscaped green spaces and a lively events calendar.
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 sized 15,000,000 sqft. Besides residences, the development also hosts the Meydan Museum, Gallery, an IMAX theatre, and a golf course.
Rental yield: 6.64%
6. Jumeirah Beach Residence
The cosmopolitan beachfront community of Jumeirah Beach Residence (JBR) is known for being one of the liveliest attractions of Dubai. Being the largest single-phase residential and commercial project in the world, the community features40 tall towers, divided into six clusters, overlooking the Arabian Gulf. Offering a year-round beachy and resort lifestyle, JBR is ideal for couples and young families.
Rental yield: 6.61%
7. Business Bay
Dubai's new center for trade and business, Business Bay is located minutes away from Downtown Dubai. The upscale community hosts a new yacht and sailing boat dock on the bank on the new Canal. Business Bay has on offer an array of supermarkets, dining and entertainment outlets along with a number of internationally acclaimed hotels.
Rental yield: 6.28%
8. Arabian Ranches
Arabian Ranches features 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.
Rental yield: 6.02%
9. Downtown Dubai
Downtown Dubai is an urban concept that defines modern city living at its best. The community is home to an array of amazing attractions including Burj Khalifa, The Dubai Mall and The Dubai Fountain. It hosts high-flying residents in the world and complements them with a range of housing, entertainment, dining and retail options.
Rental yield: 5.92%
10. Dubai South
Offering leasing, business and residential units, Dubai South is an emerging 145 sq. km. neighbourhood. Located within close proximity to the Al Maktoum International Airport, Dubai South features a world-class community living within an urban environment.
Rental yield: 5.87%