Dubai Weekly Property News Round Up – 13.05.23

Hello,

I hope you are well. This week we are excited to be able to introduce our latest premium Dubai residential development, Hadley Heights, located in the popular community of Jumeirah Village Circle.

With an impressive range of hotel-style amenities including a tennis court, swimming pools, spa, sauna and mini-golf, this will be an enviable addition to any investor’s portfolio and is guaranteed to be a hit with tenants.

If you would like to learn more, reply to this article today.

Now, let’s take a look at all the headlines that caught our attention this week. I always try to summarise the links to save you from having to click through.

– The latest episode of the Pure Property Podcast is out now. You can listen to it on Apple Podcasts and all other major platforms.

Remember, you can also listen to this week’s newsletter on the podcast as well.

We would really appreciate it if you could subscribe and leave feedback for our Podcast on Apple.

Property Headlines This Week

• Dubai Experiencing Rental Yield & House Price Explosion in 2023 – Dubai’s real estate market is booming, providing strong returns for landlords and investors, as property prices and rental yields increase. Bayut’s Q1 2023 report shows sale prices rose by up to 24%, and luxury villa rents increased by up to 89%. The Marina and Palm Jumeirah were the most searched luxury apartment and villa areas, respectively, while International City had the highest rental yield at 9.16%. The most significant rent increases were in luxury villa neighbourhoods, particularly Umm Suqeim. Haider Ali Khan, CEO of Bayut, attributed the boom to Dubai’s growing economy, safety, infrastructure, and government support.

• Real Estate Innovation Incubator 2023 Launched by the DLD – The Dubai Land Department (DLD) has partnered with Xclusiverse Technology Company to launch the Real Estate Innovation Incubator 2023. The initiative aims to attract innovative global real estate companies and foster local industry skills, aligning with the Dubai Economic Agenda D33. It will also encourage the testing and commercialisation of novel technologies in Dubai. The collaboration will see Xclusiverse build a team to establish a virtual incubator platform, a business accelerator, and real estate tech companies, ensuring information security and adhering to global standards.

• What are Dubai’s Top 3 Property Investment Projects This Year? –
  Realiste has identified the top three investment opportunities in Dubai’s real estate sector for 2023 using its AI-driven platform, “Index”. Luxury developments URL Infinity by Omniyat and Como Residence by Nakheel, both located in Palm Jumeirah, offer promising returns with potential profits of 20-30% and significant growth over three to five years, respectively. The third project, Domakla Guntz, is a large-scale townhouse development offering around 30% profit over a three-year period.