Dubai, UAE – Realiste, proptech company in the UAE, has made a list of the most profitable areas for short-term rental and long-term rental and also talked about the most profitable investment strategies in these areas.
Here is the list of the best Dubai locations for property investment with a focus on renting.
Blue Waters: It now gives 6.5 according to Realiste. Last year, the price of apartments here was two times lower. So, it is better to stick to the long-term strategy, as the apartments will pay off 100 percent. The area has shops, supermarkets, the beach, and all the necessary infrastructure.
Jumeirah Beach Resorts: The company has recommended adherence to a short-term strategy. JBR is a fairly quiet area and the people who live here enjoy a higher standard of living. This is a good location with new buildings, the price increase will not exceed 5 percent.
Jumeirah Lakes Towers: This area is great for both long-term and short-term strategies. Since it is populated all year round, it is mostly not tourists who live here, but expats who work in Dubai. The rental is 30 percent cheaper than in JBR, but it’s still quite high. The infrastructure in the area is well developed, it has good logistical accessibility, and the demand is still going up.