If you are looking to buy apartments to offer them as apartment rentals, it’s important you understand the potential yields. The average rent of a one-bedroom apartment is between $1,200 and $1,400 per month. The higher the floor, the more expensive the rent in general. Thus, if you’re looking for a luxury apartment on the highest floor, expect to receive $1,700 or more per month.
If you want to buy close to downtown Dubai, expect to receive between $2,000 and $3,500 per month for two-bedroom apartment rentals. If you want some guidance on the price of an apartment in Dubai Marina, Downtown Dubai, Jumeirah Village, Business Bay, or anywhere else, contact our experts.
If you choose to build your own luxury home or buy one that’s already built, you’ll probably need about $4 million USD for the down payment.
As for Abu Dhabi, it’s not as expensive as Dubai. You can rent a nice two-bedroom apartment for less than $1,000 per month.