The UAE-based IT company Realiste which helps people across the globe to find and book online the best property to invest in, has chosen five luxury real estate projects that will be popular among buyers and future tenants in Dubai.
The Grove is the latest project of Dubai-based luxury residential developer Iman in Dubai Hills, which was announced this week. The 9-story building offers apartments with one, two-, and three-bedrooms overlooking Dubai Hills Park. Residents of the building will enjoy numerous amenities, including cabanas and decks, pools, a half basketball court, a lush green garden area, etc. This property would be highly relevant to families seeking green spaces and private schools for their children.
Buying property and renting it out may be an excellent strategy, which may bring a 5.3 percent rental yield annually.
Sobha One is a residential complex under development in Dubai. It features 1 to 4-bedroom apartments facing the waterfront or golf course designed by the legendary South African professional golfer Gary Player. Once the construction is completed, owners can make a stable income of 5-8 percent per year by renting a property out.
By purchasing a 1-bedroom apartment and reselling it in a year, real estate investors may get a 15-70 percent return on investment.
The Highbury is another luxury residency planned for Sobha Hartland, a vibrant and rapidly growing community in Dubai. This family-oriented project includes vast gardens and a kids’ play area. It also features a pool, restaurants, and a gymnasium, among other amenities. Although this complex offers design studios, 1 to 4-bedroom apartments, and duplex penthouses, the wisest investment would be buying 2-bedroom flats on the middle floors, which are most demanded among families in the future.
Reselling property in a year may bring a 20-60 percent return on investment. As for rental yield, it may account for 5.3 percent per year.
Liv Lux is an upcoming tower in the prestigious Dubai Marina location. It is the ideal destination for sea lovers. Apart from 1-4-bedroom-apartments, it offers future residents a limited collection of half-floor duplex penthouses with swimming pools and stunning views of the Persian Gulf. One of the main features of the building is an entire floor devoted to leisure amenities including pool, golf course, outdoor gardens, indoor and outdoor movie theaters, etc.
Due to the area’s rapid growth over the last 12 months, local prices will increase moderately to 20 percent over three years. Rent may bring property owners up to 6.2 percent per year by 2026 once the complex is fully built.
The upcoming residential building Creek Vistas Grande has a prime location in the Sobha Hartland which is 5 minutes’ drive from the Ras Al Khor Wildlife Sanctuary, Burj Khalifa, and Downtown Dubai. According to Realiste, it will also be popular among families.
Two- bedroom flats on the middle floors are the best choice for real estate investors. Reselling property in a year may bring a 15-70 percent return on investment. As for rental yield, it may account for 5 percent per year.