United Arab Emirates: House Prices, Rents, and Rental Yields
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Last Updated: Sep 06, 2008
Big decrease (3%) in Dubai rental yields
| Last Updated: Sep. 06, 2008 | |||||
| DUBAI - Apartments | COST ($) | YIELD (p.a.) | PRICE/SQ.M. ($) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 60 sq. m. | 435,420 | 2,381 | 6.56% | 7,257 | 39.68 |
| 120 sq. m. | 857,760 | 3,935 | 5.50% | 7,148 | 32.79 |
| 180 sq. m. | 1,198,440 | 4,491 | 4.50% | 6,658 | 24.95 |
| 330 sq. m. | 2,092,200 | n.a. | n.a. | 6,340 | n.a. |
| Districts researched: Downtown District : Downtown Burj Dubai Marina Emirates Living District : Dubai Marina, Emirates Living, Discovery Gardens, Jumeirah Lake Towers Palm Jumeirah: The Palm, Jumeirah Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule |
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Whereas yields in Dubai reached up to 10.2% for small apartments of 50 to 60 square metres (sq. m) the previous year, 2008 Global Property Guide figures show a 3% decrease. Bigger apartments still tend to generate lower yields however, with 4.50% for 180-sq. m. apartments. On the average, Dubai apartments have yields of around 5.52%.
Apartment prices reach up to US$2.1 million for 330-sq. m apartments alone, and average around US$6,850 per sq. m. Smaller apartments have higher per sq. m prices, at US$7,260 for 60 sq. m. Rent prices per sq. m are higher than bigger apartments as well.
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