Top places to invest in real estate in UAE: Dubai

Areas in Dubai, where, in experts' opinion, landlords are most likely to achieve the best rental returns.

A 2020 study issued by a real estate consulting firm Savills reveals that Dubai offers investors attractive deals with one of the highest rental profitability in the world.

If now is the right time to invest, where, in experts' opinion, landlords are most likely to achieve the best rental returns?

Below is the list of top areas in Dubai that offer the highest rental profitability.

DISCOVERY GARDENS RESIDENTIAL COMPLEX

Discovery Gardens offers investors the highest gross rental profitability in Dubai.

According to the real estate platform Property Finder, apartments in this community have a rental profitability of over 8 percent per year.

Average rental cost of a two-bedroom apartment in Discovery Gardens is USD 10,345, while the average home sale price is USD 113,529.

INTERNATIONAL CITY DISTRICT

Apartments in International City offer on average rental yields of over 8 perсent annually. Renting a two-bedroom apartment in the district will cost about USD 6,806, buying it will cost about USD 81,676. According to Property Finder, over the last six months rents in this community have increased by 6 percent.

DUBAI MARINA AREA

Dubai Marina offers the third highest rental profitability in Dubai. Homeowners renting out apartments here receive an annual profit of 6 percent. You can rent an apartment in Dubai Marina for as much as USD 16,335 and buy one for USD 225,970. The rental cost in the area have remained stable over the last six months.

DAMAC HILLS COMMUNITY OF VILLAS AND TOWNHOUSES

The Damac Hills community offers rental yields of as much as 6 percent per year, while rental returns in UNA developed by Nshama is over 5 percent per year.