More and more foreign investors are likely to invest in Dubai property market for various reasons. Yields from the freehold property in Dubai is picking up very fast. Reports have shown that ROI on the real estate market is expected to go higher.
According to a world-class, well-known consultancy, yields have shot up to an average of 7.42% in past 12 months to July, 2015 in the residential property market. For an income-seeking investor, yields in Dubai are more compared it with other relative safe havens. With a yield of more than 7% shows that investment activity has been strong in Dubai.
According to the report, “We have seen an improvement over the last six weeks. We’ve also had a surge in interest in the Downtown area as buyers see its huge potential in terms of location and infrastructure as the Dubai Canal nears completion. We will not only see a surge in popularity in the rental market, but an increase in property values once the canal is completed.”
The port at Jebel Ali is estimated to be the world’s largest in the next 15 years, reflecting Dubai’s appearance as China’s logistics nucleus for the Middle East and Africa. Undeniably, investors looking for a long-term profit can invest in Dubai.
Lifting of ban on Iran will definitely shoot up more economic activity and demand of property in Dubai. The population of the UAE is forecast to see a 20% rise by 2030. Hence, buyers or investors are mulling to invest in Dubai considering the huge potential of economic growth.
Both local and international investors are advised to invest now on the real estate property of Dubai instead of mulling too much. Given the current scenario, it is advisable to commit to new projects now rather than waiting for an exact upsurge in demand. Both investors and developers must get their timing right in all their strategies.
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