Top 10 Areas with Highest Rental Yields in Dubai
The 21st century has been very kind to Dubai as the city has seen exponential growth in the economy, business, technology, and real estate sectors. People from all over the world and of different nationalities have come to Dubai for work, business, and settlement.
This has dramatically affected the real estate sector; with a plethora of demand in residential and commercial properties, billions have been invested in the development projects by notable developers like Emaar, Nakheel, DAMAC, Dubai Holdings, etc, to meet this demand.
With easy rules and regulations and tremendous upgrades in infrastructure and security, investors have also realized that rentals in Dubai are a perfect way to generate income to combat the global inflation post-COVID-19 pandemic. Following are some of the areas that provide the highest rental yields in Dubai as of 2024:
Following are some top areas in Dubai with the Top Rental Yields
- Jumeirah Village Circle (JVC)
- Town Square
- Dubai Marina
- Business Bay
- Palm Jumeirah
- Dubai Hills
- Jumeirah Lake Towers
- Dubai Creek Harbour
- Sobha Hartland
- Al Barari
Jumeirah Village Circle
Jumeirah Village Circle, also known as JVC, is located in an extremely attractive area of Dubai. It offers plenty of property options, such as apartments, studios, villas, and townhouses, in a family-friendly environment that attracts many families and investors looking for rentals. JVC also offers all the necessary amenities, such as nearby hospitals, schools, fitness centers, swimming pools, etc.
Moreover, it is very well connected to the highways, such as Al Khail Road and Sheikh Mohammed Bin Zayed Road, and metro stations. It provides easy access to the main city attractions such as Downtown Dubai, Business Bay, Palm Jumeirah, DWC Airport, etc.
The average rental among the studios is around AED 40,000 to AED 50,000 annually; for the apartments, it is around AED 55,000 to AED 140,000 depending on the bedrooms, and for villas, it varies from around AED 85,000 to AED 160,000 depending on the number of bedrooms.
Town Square
Town Square was developed by Nshama Developers along the Al Qudra Road and is easily connected to the Emirate Road, also known as the E611 Highway. It is a residential community that offers many property options, including apartments and townhouses. Town Square’s family-friendly environment and easy access to nearby schools, hospitals, and markets make it a desirable option for families and couples looking to escape the bustling central city.
It offers a peaceful and calm vibe as the community is outside the central city. The community also provides direct access to bus stops like Bus Link J02, which passes through Hayat Townhouses 1 bus stop, Mira Town Centre bus stop, Mira Oasis bus stop, and Mira 5 Community bus stop.
Along with a direct link to public transportation, the community also offers all the necessary amenities, such as fitness centers, swimming pools, and markets, and being a suburb, there are no worries about parking spaces. Easy access to the E611 Highway provides a 30-40 minute drive to central city locations such as Business Bay, Downtown Dubai, Palm Jumeirah DWC Airport, etc.
The average rental prices vary from property to property. The studio rentals cost around AED 35000 to AED 40,000. Rental prices for apartments are around AED 60,000 to AED 140,000 depending on the bedrooms, and for the townhouses, the prices vary from AED 140,000 to AED 200,000 annually, depending on the number of bedrooms and floor plans.
Dubai Marina
Dubai Marina is one of the most extravagant and sought-after communities in Dubai. The waterfront community offers luxurious studios, apartments, penthouses, and villas. Located in the city’s heart, it provides just a quick drive to Palm Jumeirah, a 10-15-minute drive to Downtown Dubai and Business Bay, and a 30-minute drive to DWC and DXB Airport.
The community attracts many young entrepreneurs and families who want to enjoy a lavish lifestyle in the center of Dubai. Many investors have identified the area as a prime rental property hub due to its ever-increasing demand by young business people and families.
The average rentals for studios range from AED 70,000 to AED 90,000 annually. For apartments, the prices range between AED 120,000 to AED 400,000 annually, depending on the bedrooms, floor plans, and the building. Rent for villas can cost between AED 200,000 and AED 600,000 annually, depending on the location and floor plan. The penthouses can cost a tremendous AED 600,000 to AED 1 Million annually.
Business Bay
Business Bay is one of the most sought-after mixed-use districts in Dubai. It is located on the bank of the Dubai Canal, giving it a very trendy vibe. Almost 22% of the district is specified for residential projects, around 18% for commercial projects, and the remaining 60% for mixed-use developments. The area is a skyscraper hub and offers many luxury and lavish commercial and residential property options.
Rentals in this area are very high, and it is considered one of the highest rental-generating areas across Dubai and the Gulf Region. The developments in this area offer a host of highly sought-after restaurants, offices, penthouses, apartments, villas, and leisure activities.
It is a business hub, and people worldwide visit for business, traveling, and employment. The area borders Downtown Dubai, requires a short drive to other tourist attractions such as Palm Jumeirah, Dubai Marina, Burj Khalifa, etc, and only requires a 30-minute drive to DWC and DXB Airports.
Business Bay is a very fast-paced and busy area that provides many options for rentals at varying prices. The studios cost around AED 70,000 to AED 150,000 annually. The apartments generally cost between AED 200,000 and more than AED 1 million annually, depending on the size and number of bedrooms. Conversely, penthouses cost between AED 700,000 and AED 2.5 Million. Shops cost around AED 60,000 to AED 15 Million, whereas offices usually start from AED 900,000 to AED 30 Million annually.
Palm Jumeirah
Palm Jumeirah is the self-proclaimed 8th wonder of the world because it is the largest artificial island. It is synonymous with luxury and a lavish lifestyle. The development has become a global icon with numerous appearances and references worldwide in movies and TV shows. The development offers many high-end restaurants, hotels, and property options.
The most notable landmark of the area is The Atlantis Hotel. The development offers many luxurious options such as villas, mansions, etc., and people worldwide have been attracted to the Palm Jumeirah. The area offers a stunning view of Dubai’s skyline and Arabian Gulf with peace and tranquility.
Palm Jumeirah is one of the most expensive areas to own or live in, as it oozes luxury and extravagance. The rental price of studios starts from AED 50,000. The apartments can cost anywhere from AED 100,000 to AED 500,000, depending on the floor plan, size, and number of bedrooms. The villas start from AED 600,000 and go up to AED 4 Million.
Dubai Hills
Dubai Hills is a family-friendly development by Emaar in Dubai. It offers lush green spaces, and due to its central location, it also provides easy access to nearby schools, restaurants, malls, and hospitals, which are crucial factors for families to consider before moving to a development.
The development offers multiple high-rise residential projects and various property types, which include studios, townhouses, apartments, villas, etc. Once fully developed, Dubai Hills is expected to accommodate around 150,000 residents.
Located in the vicinity of Al Khail Road, it also provides easy access to the major roads of Dubai, which leads to only a 15-minute drive to Downtown Dubai and Business Bay, a 20-minute drive to Palm Jumeirah, a 25-minute drive to DXB Airport, and a 30-minute drive to DWC Airport.
The area is very popular among homebuyers and investors due to its key location. Many families consider Dubai Hills a top residential area and are always looking for options in the development to move into. The area is in high demand, and the prices for different property types range differently. The average annual rental price for studios is around AED 65,000 to AED 70,000.
The apartments generally start from AED 90,000 to AED 300,000 annually, depending on the floor plan. The villas are also a great option if the budget is high; they range between AED 400,000 and AED 2 Million annually.
Jumeirah Lake Towers
Jumeirah Lake Towers, or JLT, is a mixed-use waterfront community built around four man-made lakes in Dubai. The development has 26 clusters with three high-rise towers all over the district. They are split by the road that connects Sheikh Zayed Road with First Al Khail Road. The development is one of Dubai’s most pedestrian-friendly areas with skyscrapers.
All 26 clusters are named using the English alphabet, ranging from A to Z. The development offers studios, apartments, and penthouses in a large number. Jumeirah Lake Towers is also a popular tourist destination, and its pedestrian-friendly environment gives the area a vibrant atmosphere.
The area also provides easy access to nearby hospitals, restaurants, and schools, and it only takes a short drive to get to Palm Jumeirah and Dubai Marina, a 15-minute drive to Downtown Dubai and Business Bay, a 20-minute drive to DXB Airport and a 25-minute drive to DWC.
The property prices in JLT for studios usually start from AED 60,000 and go up to AED 100,000 annually. The price for a 1-bedroom apartment usually starts from AED 60,000, and for a 5-bedroom apartment, it can rise to AED 500,000.
Dubai Creek Harbour
Dubai Creek Harbour is located on the bank of Dubai Creek. It is a large-scale, water-front mixed-use development offering multiple residential, office, retail, and commercial properties. The project is still in development and has delivered many finished developments. It provides luxury property options such as apartments, studios, villas, penthouses, etc, with stunning views of Dubai’s skyline.
The development also offers large green spaces, entertainment options, a marina, and a yacht club. Dubai Creek Harbour’s location provides easy access to nearby schools and hospitals and just a quick drive to Downtown Dubai and Business Bay, a 30-minute drive to Palm Jumeirah and DXB Airport, and a 40-minute drive to DWC Airport.
The area offers many properties, such as studios, apartments, villas, etc., varying in price range. The most in-demand rental property in Dubai Creek Harbour is apartments. Families and young entrepreneurs consider the traveling time to Downtown Dubai and Business Bay to be relatively short and convenient. The apartments can range from AED 80,000 to AED 400,000.
Sobha Hartland
Sobha Hartland is a luxurious residential community located in MBR City. The community offers luxurious duplexes, apartments, villas, and townhouses. It covers almost 8 million sq. ft in area and has all the necessary luxury amenities such as parking spaces, swimming pools, gyms, parks, etc. The development also offers easy access to nearby international schools, hospitals, and entertainment facilities.
It is located in a central location and provides an easy route to other significant points of Dubai, such as Downtown Dubai, Business Bay, and Palm Jumeirah. It only takes 30 minutes to drive to DWC Airport or DXB Airport.
The Hartland community is very popular among investors looking to generate extra income. The area is very popular among young families and entrepreneurs who want an easy route to Downtown and Business Bay with luxury living. The rental prices for properties vary from property type. The rentals for studios start at around AED 70,000 annually.
The apartments generally start from AED 90,000 to AED 500,000 annually, depending on the number of bedrooms, floor plans, etc. The villa’s rental prices are higher, from AED 750,000 to AED 1.3 Million annually. Townhouses can vary from AED 350,000 to AED 500,000 annually.
Al Barari
Al Barari, also known as Barari, is a gated community developed by Al Barari Developers. It can be classified as a gated suburban community as it is located just outside the ever-rapid and bustling Dubai city. It offers a peaceful and eco-friendly environment suited for families. It also hosts many high-end restaurants, hospitals, and schools.
Al Barari community provides many properties to its residents with top-notch quality and luxury living. The community offers private parking spaces, 24/7 security, swimming pools, fitness and health centers, etc. It is located just across the E311 Highway and can easily access the central city locations.
Palm Jumeirah and Dubai Marina require a 30-minute drive from the community. Downtown Dubai, DXB Airport, and Business Bay only take 20 minutes to reach. DWC Airport only requires a 40-minute drive.
The high-end finishing and segregated living attract many investors and homebuyers as the community offers peace and tranquility. This is one of the main reasons why so many families often prioritize the Al Barari gated community.
The rental prices in the Al Barari community are on the higher side. The average annual rental price for a studio starts from around AED 100,000. The apartments can cost from AED 170,000 to AED 900,000 annually. Villas average rentals cost from AED 1 Million to AED 1.5 Million.
FAQs
What is the starting price for studios and apartments in Palm Jumeirah?
The rental price of studios starts from AED 50,000. The apartments can cost anywhere from AED 100,000 to AED 500,000, depending on the floor plan, size, and number of bedrooms.
What are the most family-friendly areas in Dubai?
Al Barari, Dubai Marina, Dubai Hills, Downtown Dubai are some of the most family-friendly areas of Dubai.
Is investing in Business Bay for rentals a good option?
Yes, investing in Business Bay for rentals is an excellent option. Business Bay is the business hub of the city. It is one of the most in-demand areas of the city and has a very high rental yield.
