Studio apartments have always been the residence of choice among bachelors living in Dubai, but as the expat population of the emirate continues to rise, the units are increasingly being preferred by couples and newly-weds looking for affordable housing in the city.
Such is the demand of these units that their average property yields go as high as 12% in some areas. For people interested in investing in Dubai solely to benefit from high rental yields properties here offer, Bayut details Dubai’s areas where studio apartment returned the highest yields to landlords in Q2 2016.
Jumeirah Village Triangle
Located next to Jumeirah Village Circle and in proximity to the popular Ibn Battuta shopping mall, Jumeirah Village Triangle is one of the most attractive suburban localities of Dubai. Per our stats, the studio apartments here offered the highest property yield at 12% during the second quarter of the current year. Residents are often seen raving about the peaceful environment and spurious residential options JVT offers.
Dubai Investment Park
The second locality on our list where studio apartments yield remained highly attractive in Q2 was Dubai Investment Park. With average property yield reaching as high as 11%, the locality is primed for growth come Expo 2020 thanks to its close proximity to the site of the upcoming global event.
Dubai Silicon Oasis
Dubai Silicon Oasis is another popular suburban locality of Dubai, which sits next to International City Phase II. Studio apartments here offered the third highest property yields (10%) in the second quarter of 2016. Contrary to the first two, this locality is located on the northern end of Dubai. Experts say believe the area has bright prospects as it lies close to Dubai Academic City and is easily accessible.
IMPZ
Studio units in International Media Production Zone (IMPZ) also retuned average rental yield of 10%. The locality is another suburban community located on Sheikh Mohamed bin Zayed Road. IMPZ neighbours Dubai Sports City and Jumeirah Golf Estates.
Jumeirah Village Circle (JVC)
Studio apartments in Jumeirah Village Circle again offered landlords a 10% rental return on their investment in Q2 2016. The locality has residential buildings developed in a circular pattern, hence the name JVC.
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