Bayut’s latest annual report notes that studio apartments in the UAE witness higher demand than other residential units.
Bayut confirms that Dubai’s studio apartments are the most preferable residential option due to easy maintenance and low living costs, accommodating young families and individuals, while offering owners recurring rental outcome.
The Arjan area located in Dubai Land project recorded the best rental yields in January 2017, with units priced at c AED 501,000, according to the report released by Bayut.
The report states that these studio units offered owners an average rental yield of approximately 10%, while Jumeirah Village Circle and Dubai Sport City’s studio apartment record average rental yields of 9.5% in January.
Other studio apartments in Dubai include the Dubai Silicon Oasis and International Media Production Zone recording rental yields of 9.3%, Discovery Gardens recording 9%, Business Bay records 8.7%, International City records 8.6%, and Akoya records 8% of rental return in January.
Abu Dhabi’s rental yields from studio apartments recorded 11.5% in January, recurring from Saadiyat Island, as the average cost of studio units is AED 913,000.
Other rental yields were recurring from Al Raha Beach which records 9.6%, Al Reem Island records 9%, Al Reef records 8%, and Al Ghadeer recurred rental yields of 7.8% to owners in January.