*Why you should buy a property in Dubai now?* Gross rental yields in Dubai among highest in world
By Parag Deulgaonkar Published Wednesday, June 03, 2015 1- The gross returns on investment from large to small apartments ranges between 5.87 per cent and 7.21 per cent. (Patrick Castillo) 2- Gross rental yields in Dubai are among the highest in the world, with smaller apartments offering rental income of 7.21 per cent, according to Global Property Guide. 3- The gross returns on investment from large to small apartments ranges between 5.87 per cent and 7.21 per cent, according to the website that compiles and analyzes property price performance of the world's big economies. 4- In comparison, gross rental yields in Hong Kong stand at 2.82 per cent, India 2.22 per cent and Singapore 2.83 per cent, while London is between 2.72 per cent and 3.20 per cent. Hence, it is onne of the factors driving Indians, Pakistanis and British citizens to invest over Dh5 billion in the realty market here in the first quarter 2015. 5- Looking from the landlord's point of view, these rental levels mean that a 75 sqm apartment can earn rental income of around Dh6239, or $1,700 per month, while 120 sqm and 160 sqm apartments can earn rental incomes of around $2,700 and $3,700 per month, respectively, and 225 sqm apartments can earn a monthly rental income of around $4,800 per month. 6- The rental yields research indicates that some good fundamentals underpin Dubai's property market. Medium-sized apartments (120 sqm and 160 sqm) sell for an average of $4,000 per sqm, large apartments (225 sqm) cost more, around $4,300 per sqm and smaller apartments (75 sqm) are cheaper, selling for around $3,700 per sqm. 7- Rents have not fallen at the pace of price decline, therefore yields remain high. Moreover, master developers have been trying to reduce service charges, helping owners to pay less for maintenance of their building and community. 8- Dubai is expected to create over 277,000 new jobs in the run up to the Expo 2020 with the market not likely to face any oversupply in the housing market. Source: http://www.emirates247.com/news/emirates/why-you-should-buy-a-property-in-dubai-now-click-to-know-2015-06-03-1.592630 We do not take commission from the buyer *http://dubaia1.blogspot.com.eg/ <http://dubaia1.blogspot.com.eg/>* -- You received this message because you are subscribed to the Google Groups "UAE FREEHOLD" group. To unsubscribe from this group and stop receiving emails from it, send an email to uae-freehold+unsubscr...@googlegroups.com. To post to this group, send email to email@example.com. Visit this group at https://groups.google.com/group/uae-freehold. For more options, visit https://groups.google.com/d/optout.