Bullet-Point Property: Dubai No. 73

If you have been reading the Dubai property news, then you will know that rents and prices are under pressure, meaning that they are coming down off recent highs.

These reports do not tell the entire story, and it’s important to understand the real facts behind the headlines

The buildings that are poorly maintained, badly designed, have low-qualityrecreational facilities combined with a lack of decent parking are experiencing a definite drop in rents however yields and occupancy levels remain respectable which is not mentioned in many of the reports.

The quality buildings from the best developers that are professionally managed, clean and well maintained with modern facilities have rents that are maybe dropping only slightly to mirror overall market conditions however with many of these buildings you will find the rents are stable and demand from tenants and buyers is still high

Location obviously has some bearing on the level of price and rent, but if its yield combined with future growth, that’s is important to you, then the quality of design, finish, facilities and the developer’s reputation combined with value are the most important factors when considering a purchase in Dubai.

This week’s discussions have mainly revolved around the following:-

Belgravia Heights 1 in Jumeirah Village Circle (JVC) ticks all the boxes for a "buy to let" investor. A low price per sq. ft, contemporary design, a proven developer, excellent use of space in the apartments and the common areas, annual rental yields of more than 8% net expected, premium facilities and exceptional value. The official launch is happening tomorrow and supply will be limited due to the level of interest from end-users and investors who trust in this developer to deliver exactly what and when they say. Take a look at the project overview here. We can assume from the building’s name that once they sell this one, there will be another one along shortly so if you are interested now or for a future purchase let us know, and we will keep you updated.

Sunrise Bay Tower 2 located on the Dubai Harbour Island will launch on Monday 9th April. We don’t have prices though best guestimates are that one beds will range from AED 1.3m to AED 2.0m, two beds from AED 1.9m to 2.8m, three beds from 3.5m to AED 4.1m and four beds at AED 6.5m. Prices will depend upon the view, size and floor level. We only have floor plans as I write this email but take a look at the brochure for Sunrise Tower 1 for an idea of what will be on offer.

Please see some of our listings here

A two bedroom town-home in Dubai South

Belgravia one bed with Park View - Vacant

A two bed in the Marina with a view

A three bedroom Villa - below market price

Belgravia two bed completed and with a 6.5% net yield

A studio that's furnished and ready to rent

You can view some more of our sales and rental listings here

Elite Realty

Propertyfinder

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An Estate Agent in Dubai blog