Property investment: #UAE rental yields higher than New York, London | ZAWYA MENA Edition

Property investment: UAE rental yields higher than New York, London | ZAWYA MENA Edition:

UAE could be one of the most favourable places for property investments if rental yields is taken as a benchmark.

Landlords get higher rental yields, one of the most important considerations for mid to long-term investors from apartments in Dubai, and make profit by renting studios than large apartments, property portal Property Finder said in its Trends report.

The average rental yield in property hotspots such as London (2.7 percent), Hong Kong (2.4 percent), New York (2.9 percent) and Singapore (2.5 percent) hover in the low single digits while Dubai properties consistently offer over 7 percent gross returns on average, the report said.