Highest Paid Rental Properties in Dubai
Residents in Dubai have their pick of plentiful shops, restaurants, nightlife venues, automobiles, and even housing alternatives. The rapid growth of the real estate market in Dubai over the last several years has created a dizzying array of options for anyone looking to buy a house there.
Hundreds of properties are available, from those still in the planning stages to those that are move-in ready. Dubai’s real estate market is stratified along socioeconomic lines, with many middle and lower-class inhabitants opting for more affordable neighborhoods outside of the more affluent districts like Bur Dubai, Downtown Dubai, and the International Financial Center.
Those with the financial resources to do so are spoiled for choice regarding mansions. There are apartments in Bluewaters, houses in Arabian Ranches, and mansions in the sea just off the Palm. However, Dubai provides the highest rental returns. Here’s a quick rundown of some of Dubai’s best rental homes. If you want to buy a rental home or invest in Dubai real estate, Dxb off plan is the way to go.
Short-term rentals are in great demand as the much-anticipated Expo 2020 draws near, and they’re producing 25-40% higher returns than longer-term rentals. Since many of those traveling to Dubai for employment due to the Expo are unsure of their immigration status for the foreseeable future, the demand for housing, particularly short-term rentals, is expected to rise. It’s also worth noting that these newly employed people are likely to settle in established areas like International City, Emaar South, or Jebel Ali because of their accessibility, affordability, and desirability.
We also know that real estate investment is high on the priority list for many investors. Due to the high potential for appreciation from real estate investments, many financiers rent their buildings to tenants. Gains from renting a property may be stable and substantial in the locations above, making it a viable source of supplemental income.
Renting out luxury properties for special occasions is another lucrative niche for the rental market. Designer villas, signature villas, and other remarkable options are increasingly rented out by clients willing to pay higher rates to host private parties and events in someone’s home, reflecting the rising popularity of this entertaining style.