Dubai is the world’s leading center where branded fashion residences are built. This is the information provided by the consulting company Savills. Luxury brands and hotel groups in Dubai strive to attract investors with incredible projects and design solutions. The emirate now has 51 such projects.
The number of branded residential developments has increased by more than 160% over the past decade. By 2030, the number of elite residences in the UAE capital will double.
Studios and apartments with 1 and 2 bedrooms are very popular for investment. Such investments in Dubai usually pay off in about 8 years, with the permanent residence of tenants. This allows you to get 7-8% of the annual rent. Such data provides the company Colife.
The average rental yield in Dubai is about 5-7%. And for objects with high liquidity it can increase up to 11% per year.
With the end of the summer season and the beginning of vacations in Dubai there was a 30% increase in prices for short-term rent. The cost of long-term rentals has increased by 27-30% since January 2023.
