Looking to earn top ROI for studio apartments in Dubai? Buy in these areas
While Dubai’s real estate market is ripe for bargain picking at the moment, profitability is still a possibility. Bayut’s analysis of rental ROI for studio apartments in Dubai in Q1 ’17 has revealed positive findings. The suburbs of Dubai have not only become popular destinations for tenants, they are offering great returns to owners also. So read on if you are interested in earning top ROI in Dubai, and we’ll tell you where to head to.
Jumeirah Village Circle
Jumeirah Village Circle (JVC) is a peaceful community in the suburbs of Dubai. It has been modelled on the lines of a village setting, yet it offers all facilities required for modern living. It is only a 15-minute drive away from key areas like Dubai Marina and Jumeirah Lakes Towers. Hence, JVC is just as close for an easy commute to the city and just as far to be away from traffic and crowds. That has been the reason, besides the facilities, for its rising popularity with tenants. During the outgoing quarter, fortunate studio unit owners earned an average rental ROI of 9.32%. You can check out apartments for sale in JVC here.
Dubai Sports City
Situated along the main Sheikh Mohammed Bin Zayed Road, Dubai Sports City is ideal for people seeking life outdoors. It has numerous sports facilities like stadiums, gymnasiums, running and cycling tracks and lush green fields. The locality is also the setting for the amazing Ernie Els’ golf course and clubhouse. Besides, Dubai Sports City has a thriving commercial area with a number of super marts, restaurants and cafes. Studio apartments in Dubai Sports City are popular with expats who like to live in a peaceful environment ideal for maintaining an active lifestyle. For owners, that’s a boon. Average ROI for studio apartments in the area in Q1 2017 remained 9.3%, impressive by all accounts.
Arjan
Arjan is a community that is part of the mega development Dubailand. Over the past few months, new apartment complexes in the area have become popular with tenants owing to the quality of build and amenities. Arjan has been planned to become a major entertainment and tourist destination in the future. While an average Q1 price of AED 512,000 for a studio unit in Arjan might sound affordable, rates are unlikely to stay low for long. Over the course of Q1, owners earned an attractive ROI of 9.24% against their studio units. We recommend you make up your mind about buying a studio unit in Arjan sooner than later.
International City
The most affordable locality to a studio for sale in dubai is International City. With an average rental ROI of 9.15% in Q1, studio apartments in International City present an ideal investment opportunity. Especially, when prices of studio units averages AED 363,000 in Q1 2017. So while it’s fairly affordable to become a unit owner in International City, there is no compromise on ROI. A true win-win situation to be in.
Dubai Silicon Oasis
Originally built to promote technology businesses in the emirate, Dubai Silicon Oasis has become a popular residential locality. DSO has acres of lush green spaces and landscaped gardens and is a truly blissful living community. Units in the area are of high quality and come equipped with excellent fixtures and fittings. An average studio apartment in Dubai Silicon Oasis gave an ROI of 9.14% to lucky owners in Q1 2017. Apart from residential spaces, DSO is an active hub of business with state-of-the-art office towers, R&D and industrial zones.
