Which communities offer the best rental yield in Dubai?

Here are the 5 best luxury residential communities to invest in Dubai

28 Mar 2018, words by Ankita Bhowmick in The Guides

Which communities offer the best rental yield in Dubai

Despite the fact that Dubai has been witnessing a decline in the prices of properties in most of its communities; rental yields have managed to remain quite attractive for investors. Therefore property is still a great mode of investment in Dubai, especially the ones situated outside the main city or in a community that is newly developed. Luxhabitat brings to you a list of the communities from the luxury market that offer the best rental yield in Dubai:

1. Jumeirah Village Triangle

Great location within JVT Park and skyline views

Apartment in Jumeirah Village Triangle

Park One, 2 bedrooms

AED 1,745,133

Home to more than 6000 spacious villas, Jumeirah Village Triangle, is set away from the hustle and bustle of the city, off Sheikh Zayed Road and is adjacent to Jumeirah Islands, Palm Jumeirah and Palm Jebel Ali. The homes are built amidst lush greenery and are perfect for families looking for peace of mind and heart. 

Talking about maximising your rental yield for a luxury community, this community offers the best in Dubai. Based on statistics from the last quarter as per Property Monitor, Jumeirah Village Triangle offered a rental yield of 8.69%. In 2017 as per the Asteco Q4 report, studios in this community offered an average rent of AED 43,500, the average 1 bedroom home rented at AED 65,636 and 2 bedroom homes  rented at AED 120,000.

2. Jumeirah Village Circle

Affordable Luxury Living in Jumeirah Village Circle

Apartment in Jumeirah Village Circle

Eaton Place, 1 bedrooms

AED 955,828

Situated in the heart of new Dubai, Jumeirah Village Circle, is perfect for the residents who are looking forward to a luxurious lifestyle in a tranquil setting. The community features more than 2000 sprawling luxury villas and exclusive townhouses in a peaceful village setting. 

When it comes to rental yield, Jumeirah Village Circle is one of the very few communities to offer high returns. According to statistics from the last quarter as per Property Monitor, the community had offered an annual yield of 8.17% to owners. 

3. Jumeirah Lake Towers

Premium high value Luxury 1 Bedroom Apartment in JLT

Apartment in Jumeirah Lake Towers

iGO 101, 1 bedrooms

AED 996,504

Built along the edges of four artificial lakes, Jumeirah Lake Towers (JLT), consists of 79 towers. Part of new Dubai, the community is inhabited mostly by young couples and young parents. It offers a wide range of dining and retail options and is also well connected by Dubai Metro. 

The community also provides the property owners with rental yields, which was as high as 7.72% during the last quarter as per Property Monitor. In 2017, based on the Asteco Q4 report, the average rent of a 1 bedroom apartment was AED 65,000, a 2 bedroom one yielded an average rent of AED 95,000 and the average rent of a 3 bedroom apartment was AED 130,000.

4. Dubai International Financial Centre

Opulent duplex penthouse with remarkable views in DIFC

Penthouse in DIFC

Sky Gardens, 5 bedrooms

AED 23,000,000

Located adjacent to the Sheikh Zayed Road, The Dubai World Trade Centre the Burj Khalifa, Dubai International Financial Centre (DIFC), is home to a large number of young professionals. The community offers an array of eateries, lounges and fitness centers, making it a great place to move in. 

According to statistics from the last quarter as per Property Monitor, DIFC, offered its property owners with a rental yield of 6.27% which is still higher than many other upscale communities of Dubai. Based on the Asteco Q4 report, in 2017, a 1 bedroom apartment offered an average rent of AED 100,000, whereas a 2 bedroom apartment offered AED 145,000. A 3 bedroom apartment, on the other hand, offered the property owners with an average rent of AED 190,000. 

5. Dubai Marina

2 bedrooms apartment with gorgeous views of Dubai Marina

Apartment in Dubai Marina

Trident Grand, 2 bedrooms

AED 155,000

An upscale community in Dubai and home to a lot of singles and young couples of Dubai, Dubai Marina, features a cosmopolitan and free-spirited atmosphere. The community hosts a choice of eateries and also is a great place for an active nightlife. 

Based on statistics from last quarter as per Property Monitor, properties in Dubai Marina, offered the owners a yield of 6.17%. In 2017 as per the Asteco Q4 report, the average rent of a 1 bedroom apartment in the community was AED 70,000, a 2 bedroom apartment offered an average rent of AED 105,000 and a 3 bedroom apartment offered an average rent of AED 155,000. 

BROWSE AREAS WITH HIGH RENTAL yields