According to Cavendish Maxwell data, Dubai International City demonstrated highest gross yields last year due to lower property prices, service charge, operating and maintenance costs; an astonishing figure of 9.16%.
Extension of existing communities such as Dubai International City (Phase 3) tend to offer even higher return of investment in the form of capital gains as well as rents due to lower price points. As the area develops in terms of infrastructure the perceived price goes up, resulting in higher capital appreciation.
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Real estate specialists at Bayut have recently reviewed the pace of rental declines in popular communities in Dubai during the first quarter of 2018, Gulf News reports.
For studio apartments, the places where rents have fallen the most are Deira (-15%), Jumeirah Village Circle (-6.6%), and Dubai Sports City (-4.4%).
One bedroom apartment rents have fallen most in Deira (-12.7%), Bur Dubai (-7.1%) abd Jumeirah Lake Towers (-6.3%).
Two bedroom apartment rents have fallen most in Bur Dubai (-6.3%), Dubai Sports City (-6.0%) and Jumeirah Lake Towers (-3.2%).
Dubai International City maintained its rent prices for one and two bedroom apartment at the same level due to a high demand.