Landlord in Discovery Gardens enjoy rental yields of up to % according to Chestertons
Chesterons MENA, a leading international property agency has released its latest residential market reports for Dubai (27/07/2016). which recorded little or no mivement in sales or rents in relatively flat perfomance throughout Dubai Q2 2016.
However, it did note that landlords continued to benefit from solid rental yields, especially those owning apartments in more affordable developments of Discovery Gardens (10.2 per cent gross yield across the board on average.
In terms of villa yields, the average across Dubai was 4.8 Per cent. The springs (6.4 Per cent) Jumeriah Village triangle (5.9 per cent) closely followed by victory Heights(5.8 per cent).
"Overall aparments tend to provide a higher average yield than villas and especially those in the more affordable developments. This bodes well for the developers of any upcoming projects in Dubai fitting this category, as they will surely attract investors." said Declan Mc Naughton Managing Director UAE, Chestertons MENA.
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Sources: Gulf News - Property Weekly 05/08/2016