Families spending more time at home because of the pandemic consider
larger homes with pools and gardens
Damac Hills offers a gross yield of more than 6 per cent. Photo: Pawan Singh / The National
The Town Square community by developer Nshama provides investors a gross yield of more than 5 per cent. Photo: Courtesy Nshama
Properties in Downtown Dubai offer average net rental yield between 4 to 5 per cent. Photo: Chris Whiteoak / The National
Apartments in Dubai Marina fetch a gross yield of more than 6 per cent. Photo: Pawan Singh / The National
Discovery Gardens offers investors the highest gross rental yield in Dubai, with apartments here averaging returns of more than 8 per cent. Photo: Pawan Singh / The National
Dubai residential sales gain pace in Q4; rents down 12pc
DUBAI, February 2, 2021 Dubai’s residential sector enjoyed a comparatively strong second half of 2020, supported by an increase in completed property sales and continued tenant demand across more-established villa communities, according to leading international real estate services firm, Chestertons. Villa sales prices recorded a comparatively moderate 3.6% decline in 2020, with the overall annual fall eased by a robust final quarter, stated Chestertons in its latest research. The findings, revealed in the latest Observer: UAE 2020 Review & 2021 Outlook, showed that while the total value of residential property sales fell by almost 14% over 2020, to AED55.46 billion from AED64.34 billion in 2019, completed property sales gained pace over the second half of last year, reaching AED21.67 billion, a 35.5% increase from AED 15.99 billion seen in H2 2019.
UAE: Dubai Residential Sales Gain Pace in H2 2020 Published February 2nd, 2021 - 12:00 GMT
In the rental sector, villa rents witnessed an annual fall of 5.3%, while apartment rents fell by 12.4%. (Shutterstock)
Dubai’s residential sector enjoyed a comparatively strong second half of 2020, supported by an increase in completed property sales and continued tenant demand across more-established villa communities, according to leading international real estate services firm, Chestertons.
Villa sales prices recorded a comparatively moderate 3.6% decline in 2020, with the overall annual fall eased by a robust final quarter, stated Chestertons in its latest research.
The findings, revealed in the latest Observer: UAE 2020 Review & 2021 Outlook, showed that while the total value of residential property sales fell by almost 14% over 2020, to AED55.46 billion from AED64.34 billion in 2019, completed property sales gained pace over the second half of last year, reaching AED21.67 bi