This 2016, Dubai's property market will see a surge of attention from investors who will take advantage of high yields on offer and a prospect of strong future growth, Select Property reports.
In the previous year, the property market has been greatly consolidated as brought about by further regulations and supply queries.
Undoubtedly, Dubai's property market has matured, and is one pegged to witness its next huge capital growth along with $8.1 billion worth of infrastructure that the authorities are investing for The World Expo 2020.
With some of the property units slated for 2015 left undelivered, the past few months have seen a demand for outstrip supply. For investors, this would mean bringing their focus to rental yields at least for the next 12 months.
It is now a challenge for investors on how to make the most return of their investment, as also discussed in an article in The National. Property Expert and Homefront Columnist Mario Volpi is optimistic that now is a great time to take a piece of Dubai's property market with the drop in prices and asking values shooting yields dramatically.
"This year's price softening has been welcomed as it has allowed the market to catch its breath and realise that the residential sales market represents good value once again when compared with other global property markets," he stated.
Comparing other markets like Hong Kong or London, it would be a more stable stream of income for investors at two to three times more in value when they home in on a Dubai property.
When done and chosen carefully, investors can enjoy up to 10% of yields for their real estate property, Mr. Volpi adds.
"The reality is that residents still need somewhere to live; couple this with the increases in population due to job creation, [and it will mean] renting continues to be the first choice for the majority," he concluded.