Hi,
Rental return is dropping in Dubai and will drop more
At the beginning 4 years ago was easy to achieve 15% per year for example Greens
Now in Greens you get 8-9 %. Same applies to Springs, Dubai Marina and all the properties being delivered for the last 4 years.
I expect the rental return to drop to 6% in the next 2-3years
This doesn’t mean you won’t make money from buying and reselling the property.
If you buy a one bedroom flat for 700000 DHS in JVS after 2-3 years at the time of delivery. The price should be just over one million (assuming 6 % rent and the rent is 70000k per year).
Market is stabilizing and don’t expect any more gifts from the developers
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