Revealed: Areas offering the highest rental yields in Dubai
Residential properties in Dubai offer over 7 per cent gross rental returns on average, placing the UAE among the world’s most lucrative locations to invest in, a new report by Property Finder has revealed.
The UAE has higher rental returns compared to several property investment havens worldwide – the average gross rental yield in London is 2.9 per cent, while Hong Kong offers 2.35 per cent. Sydney and Singapore offer 2.85 per cent and 3.3 per cent respectively while in Toronto, the yield averages 3.9 per cent, the bi-annual ‘Property Finder Trends’ report noted.
Gross rental yield is what a landlord can expect as return on his investment before taxes, maintenance fees and other costs.