For overseas investors, a reason to return to Dubai realty | GulfNews.com

For overseas investors, a reason to return to Dubai realty | GulfNews.com:

"For overseas investors, now may be as good a time as any to renew their interest in Dubai realty. After suffering declines for the better part of two years, yields that can be generated from freehold property assets here are showing signs of picking up.

In the 12 months to July, yields have shot up to an average 7.42 per cent on “mainstream” residential properties in the city, according to Knight Frank's estimates.

Matters have been helped by the sharp decline — by 12.2 per cent — in home values during the period, as well as the relatively lower — by 1.2 per cent — drop in rentals. (Gross yields are calculated by dividing annual rental income a property can generate by the property’s value and then multiplying by 100. For net yields, factor in associated expenses such as any mortgage or property maintenance payments as well.)"



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