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United Arab Emirates: House Prices, Rents, and Rental Yields

Last Updated: Sep 30, 2009

Prices, rents down in Dubai

Last Updated: Sep. 30, 2009
DUBAI - Apartments COST ($) YIELD (p.a.) PRICE/SQ.M. ($)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
60 sq. m. 348,300 1,453 5.01% 5,805 24.22
120 sq. m. 626,880 2,807 5.37% 5,224 23.39
175 sq. m. 798,175 3,827 5.75% 4,561 21.87
250 sq. m. 938,500 5,895 7.54% 3,754 23.58
375 sq. m. 1,339,125 n.a. n.a. 3,571 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

Prices are falling, rents are falling, and the difference between this year and last year in Dubai is marked. But considering the amazing rise in prices between 2005 and 2007, the wonder is that prices have not fallen further, because while prices are well down on last year, they are not yet back at 2007 levels.

Another surprise: Prices and rents seem to have fallen at about the same rate. We find that Dubai apartment gross rental yields range between 5% and 7.5%, which is quite similar to last year, the difference being that larger properties surprisingly yield the most now. 

 

United Arab Emirates - more data and information

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