Dubai’s best rental yields have been identified, with one neighbourhood offering 8.3 per cent returns.
26 April 2023, 12:00 AM
31 May 2023, 12:00 AM
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.
Realiste, the UAE's leading artificial intelligence company, has announced the top three most profitable areas in Dubai in terms of rental yield, according to its AI-powered platform, 'Index.' The data reveals that the Hessyan First Part 2 district comes out on top, with an average property price of 550,000 AED and a rental yield of 8.3 percent, offering investors a return of 45,650 AED per year.
The Al Thanyan First area also made it onto the list, with an average property price of 1,050,000 AED and a rental yield of up to 7.8 percent, which could provide owners with a return of approximately 81,900 AED per year.
Completing the list is Jabal Ali Industrial Second Part 1, where real estate prices average at 825,000 AED. Investors can expect an annual rental yield of up to 7.6 percent, resulting in a potential return of 62,700 AED per year.
These areas have been identified as the most lucrative for rental income, providing a great opportunity for investors to maximize their returns, stated Founder and CEO of Realiste Alex Galtsev: ‘ With Realiste's innovative AI technology, investors can now make informed decisions and invest in areas that are most likely to yield higher returns.’