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What to consider when selecting an investment property select an investment property
Strong return on investment (ROI) is the ultimate goal when investing in property. Securing a property which delivers healthy rates of return requires proper due diligence from the outset. Here are some of the factors that can influence ROI:
- Facilities and amenities available in the community, including proximity to transport, education, childcare etc.
- Market conditions and timing of purchase
- Interest rates
- Maintenance costs (RERA Service Charge and Maintenance Index)
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Where to invest for high ROI
In the first half of 2019, Dubai Silicon Oasis (DSO) offered the highest gross returns of 9.5% for apartments. New communities, Meydan and DAMAC Hills closely followed, offering gross rental yields of 9.3% and 8.9% respectfully, again for apartments.
For villa and townhouse communities, Town Square yielded the strongest gross returns at 7.8%, followed by The Springs (6.6%), Reem – Mira (6.4%) and Mudon (6.3%).