The Dubai Land Department (DLD) recently announced that, over the
first half of 2016, investments in Dubai’s real estate sector crossed $15.5
billion.
In Sharjah, more than $3.2 billion was invested into the real estate
sector. In Abu Dhabi, investors continue to be lured by high rental returns on
investments and promise of capital value appreciation.
Dubai’s real estate market remained strong in July, with
average yield across all bed categories reaching 5.6 percent. Average rent for
studio apartments remained stable at roughly $15,000. Two-bed apartments cost
an average of $25,000. Apartments with four bedrooms or more returned an
average annual rent of roughly $82,000.
The top localities for renting apartments were Dubai Marina,
Jumeirah Lakes Towers (JLT), Downtown Dubai, Bur Dubai and Dubai Silicon Oasis.
The top ones for buying were Dubai Marina, JLT, Downtown Dubai, Palm Jumeirah
and Business Bay.
The average apartment rent in Abu Dhabi was around $34,000 to $15,000 for studio apartments, $35,000 for two-bedrooms and $67,000 for
apartments with more than four bedrooms. The top localities for renting
apartments in Abu Dhabi were Al Reem Island, Al Raha Beach, Khalifa City A, Al
Muroor and Al Khalidiyah. The tops for buying were Al Reem Island, Al Raha
Beach, Al Reef, Saadiyat Island and Al Ghadeer.
