The 10 best luxury residential communities in Dubai with the best rental returns
Words by Ankita Bhowmick in The Market · Feb 5th, 2019
Property is a great mode of investment in Dubai and is a preferred choice for many residents. If you are considering investing in Dubai's real estate market, check out this list of the prime areas that offer you the best investment returns. This report is supported by data from Property Monitor.
1. Jumeirah Village Circle
Jumeirah Village Circle (JVC) is situated in the heart of new Dubai and is ideal for those residents who are looking out for a luxurious lifestyle in a tranquil surrounding, away from the hustle and bustle of the city. JVC is home to more than 2000 sprawling luxury villas and exclusive townhouses in a peaceful village setting.
JVC currently offers the highest rental income in Dubai's luxury market. According to statistics from Property Monitor, the community had offers an annual rental yield of 7.84%.
2. Jumeirah Lake Towers
Jumeirah Lake Towers (JLT) is built along the edges of four artificial lakes and features 79 towers. The community is a part of 'new Dubai' and is primarily home to young couples and young parents. JLT hosts a wide selection of retail and dining options and is well-connected by Dubai Metro.
When it comes to maximising your rental yield for a luxury community, JLT offers one of the best in Dubai. The current rental yield is 7.69%.
3. Culture Village
The upscale community of Culture Village stands out from the rest of Dubai owing to its unique architecture that reflects traditional Arabic heritage with a touch of modern techniques. Divided into residential, retail and commercial zones, the community hosts some of the most exclusive developments in Dubai that include the Palazzo Versace, D1 Tower and Dubai Wharf.
The annual rental yield that Culture Village offers is 6.54%.
4. Emirates Living
The master development of Emirates Living consists of four primary residential sub-developments, The Lakes, The Springs, The Meadows and Emirates Hills. They feature superb services, perfectly landscaped green spaces, and a lively events calendar.
The community provides its property owners with high rental yields compared to many other communities in the city. According to Property Monitor, Emirates Living offers a rental yield of 6.45%.
5. Dubai International Financial Centre
Dubai International Financial Centre (DIFC) is located adjacent to the Sheikh Zayed Road, Dubai World Trade Centre and the Burj Khalifa and is home to a large number of young professionals. Offering a selection of dining outlets, lounges, and fitness centres, DIFC is one of the best places to live in Dubai.
The current annual rental yield is 6.25%.
6. Dubai Marina
The upscale waterfront community of Dubai Marina is home to mostly singles and young couples and features a cosmopolitan and free-spirited atmosphere. The community is known for offering its residents with an active nightlife and a choice of eateries.
The rental yield is 6.16%, as per Property Monitor.
7. Jumeirah Beach Residence
Jumeirah Beach Residence (JBR) is a cosmopolitan beachfront community and is one of the liveliest attractions of Dubai. It is the largest single-phase residential and commercial project in the world. The stunning community comprises of 40 tall towers that are divided into six clusters, all overlooking the Arabian Gulf. JBR is perfectly designed for couples and young families and offers a year-round beachy, resort lifestyle.
The property owners in JBR enjoy an annual rental yield of 5.88%.
The coastal residential area of Jumeirah complements its residents with breathtaking scenic views. It features world-class restaurants, cafes, spas, resorts and much more. The beachfront homes that Jumeirah has on offer are some of the most expensive residences in the world.
Mostly inhabited by GCC nationals, the community offers very few properties for those who do not belong from the GCC countries. The annual rental yield currently is at 5.85%.
9. Business Bay
Minutes away from Downtown Dubai, Business Bay is Dubai's new center for trade and business. It features a new yacht and sailing boat dock thanks to the new canal. The community hosts an array of supermarkets, dining and entertainment outlets as well as a number of internationally acclaimed hotels.
Business Bay offers an annual rental yield of 5.79%. The data is based on statistics according to Property Monitor.
10. Downtown Dubai
The urban concept of Downtown Dubai features modern city living at its best. The community hosts a number of Dubai's unrivaled attractions that include Burj Khalifa, The Dubai Mall and The Dubai Fountain. It is home to the high-flying residents in the world and offers an array of housing, entertainment, retail and dining options.
The current annual rental yield is 5.52%.