News
17.01.2012

Top 5 places in Dubai to be a landlord in 2012

In the current real estate market in Dubai, Dubai Marina, Palm Jumeirah, Downtown Dubai, Arabian Ranches and Green Community seem to be the top five places to be a landlord in the city.

According to experts, these communities score the maximum points as opposed to other areas when factors such as price, rents, appreciation prospects and connectivity are considered.

“All of the above mentioned areas are well-connected, established communities with complete infrastructure, landscaping and an abundance of retail/leisure facilities. Demand for quality units is generally high and future leasability is promising due to either no or limited new supply within each area. Both sales prices and rental rates have been relatively stable over the last 12 months and are expected to remain at current levels for the time being” Vineet Kumar, Head of Business Development at Asteco Dubai told 'Emirates24|7'.

He also added: “These locations in our opinion have a scope of capital apperception in medium to long term as they offer well maintained quality units making it a sound long-term investment. Excellent property management and unit/area maintenance is crucial to sustain values.”

“Throughout Dubai a clear trend has emerged, as we predicted. For the residential sector; good locations, well-established communities and high-quality properties are performing better than their counterparts. This is further intensified by the fact that there are considerably more apartments in weaker locations of a medium quality coming online throughout 2011.

Source: Emirates 24|7