Latest news with #ManiaMerrikhi
Mid East Info
3 days ago
- Business
- Mid East Info
Chestertons MENA Reveals Dubai's Top 6 Residential Hotspots, Ideal for First-Time Buyers with Rental Yields Up to 7.39%
Backed by market intelligence and investor trends, the renowned global property consultancy has pinpointed the top six communities redefining Dubai's residential market, each offering strong capital growth potential and attractive rental yields Dubai, UAE: Founded in 1805, Chestertons is one of the world's most established and trusted real estate advisory firms with a strong presence in the UAE since 2008. Empowering both end-users and investors to make informed property decisions, the respected consultancy has shared key insights on the top six emerging residential communities in Dubai: Jumeirah Village Circle (JVC), DAMAC Island, Downtown Dubai, Dubai Marina, Meydan City, and Dubai South. The findings show that while central areas remain in demand, suburban master-planned communities are delivering strong rental yields and attracting growing interest from both local and international investors. Data Snapshot: Among the top six residential communities, JVC, DAMAC Island, Downtown Dubai, Meydan City, Dubai Marina, and Dubai South have all recorded rising transaction volumes, boosted by a combination of well-priced inventory, improving infrastructure, and increasing rental yields. As the most affordable of the six, DAMAC Islands averages at AED 823 per sq. ft., with a yield of 7.38%, largely driven by attractive off-plan pricing and high-return early investment opportunities. Dubai South follows at AED 1,035 per sq. ft. and a rental yield of 6.77% while JVC prices average at AED 1,238 per sq. ft., with strong rental yields around 7.39%, making it particularly popular among younger tenants and first-time buyers. Meanwhile, Dubai Marina offers a more central location at AED 1,757 per sq. ft. and returns close to 6.24%. Downtown Dubai commands the highest average price at AED 2,504 per sq. ft., delivering a solid 6% return in a sought-after, high-profile location. In contrast, Meydan City presents a compelling option for value-seekers, averaging AED 1,915 per sq. ft. and yields of 7.14%, supported by ongoing infrastructure upgrades and spacious layouts. Behind the rise of these communities is a larger shift in Dubai's urban planning, with limited central land giving way to the development of more suburban master-planned zones. Developers like Emaar and Binghatti continue to launch high-appeal projects, while government entities such as the RTA and Dubai Land Department work together to ensure long-term viability. Additionally, recent updates across the property market have helped increase access for different buyer profiles. Notably, first-time buyers are benefiting from initiatives like reduced down payment requirements and easier mortgage approvals through developer-bank partnerships. Mania Merrikhi, Chief Operating Officer and Managing Director of Chestertons MENA, shared, 'At Chestertons, we've seen Dubai evolve into a powerhouse for real estate investment, and initiatives like the D33 agenda are set to drive even greater economic and urban growth over the next decade. At the same time, attention is shifting towards other emirates, particularly Abu Dhabi, where high-profile developments and infrastructure projects are opening up exciting new opportunities for investors.' Mohamed Mussa, Executive Director of Chestertons MENA, added, 'Government support continues to play a vital role in shaping the UAE's real estate market, with various entities rolling out buyer-friendly regulations and initiatives that make it easier for first-time buyers to enter the market. Notably, these developments are attracting a new wave of international and family-oriented investors. Looking forward, we anticipate particularly strong demand for full-service, master-planned communities that deliver on lifestyle, convenience, and value.' As Dubai's residential market continues to evolve, the spotlight is shifting towards communities that combine value, lifestyle, and long-term potential. With deep market insight and a legacy of trust, Chestertons MENA remains a reliable partner for those looking to navigate this shifting landscape with clarity and confidence. With a legacy spanning over 220 years, Chestertons is one of the world's most established and respected real estate advisory firms. Founded in London in 1805 by Charles Chesterton, the company has built a reputation for trust, integrity, and expertise, offering tailored advice to clients across the globe. As a founding member of the Royal Institution of Chartered Surveyors (RICS), Chestertons combines its rich heritage with a forward-thinking approach, providing a full suite of services including residential and commercial brokerage, valuation and advisory, building consultancy, property management, and market research. In the UAE, Chestertons has been active since 2008, with its regional headquarters now based in Marina Plaza, Dubai Marina. The firm is home to a dynamic team of over 90 experts who bring together international experience and local insight to support developers, investors, landlords, and occupiers. With a history of success built over generations, Chestertons delivers intelligent, personalised solutions that generate long-term value.
Arabian Business
5 days ago
- Business
- Arabian Business
Dubai real estate: JVC, Meydan, Dubai Marina among top property choices for first-time buyers, experts say
A new report by Chestertons MENA has identified six fast-growing residential communities in Dubai where first-time buyers are finding both affordability and impressive rental yields, with some locations offering returns as high as 7.39 per cent. The real estate consultancy said a combination of improved infrastructure, off-plan pricing, and supportive buyer initiatives is driving demand in areas such as Jumeirah Village Circle (JVC), DAMAC Island, Dubai South, Meydan City, Dubai Marina, and Downtown Dubai. 'These are not just affordable entry points, they're smart long-term investments,' said Mania Merrikhi, Chief Operating Officer and Managing Director at Chestertons MENA. 'The demand is increasingly driven by younger and international buyers seeking lifestyle, value, and long-term growth.' At the top of the list is Jumeirah Village Circle (JVC), which offers yields of 7.39 per cent with average prices around AED 1,238 per sq. ft.. DAMAC Island, an off-plan development, offers similarly high returns at 7.38 per cent, with units priced as low as AED 823 per sq. ft. Dubai South and Meydan City also stand out, with average yields of 6.77 per cent and 7.14 per cent respectively — both benefiting from master-planned infrastructure and growing family appeal. Even in more central and high-end locations like Dubai Marina and Downtown Dubai, yields remain competitive at 6.24 per cent and 6 per cent, highlighting continued investor appetite across price tiers. Market shift favours master-planned suburbs The report points to a broader shift in buyer behaviour, as demand moves beyond traditional luxury hubs into well-connected, suburban-style communities. With central land becoming increasingly scarce, developers like Emaar and Binghatti are doubling down on new master plans, while government agencies such as the RTA and Dubai Land Department continue to invest in long-term growth. 'Full-service communities offering convenience, amenities, and affordability are becoming the new standard,' said Mohamed Mussa, Executive Director of Chestertons MENA. 'We're also seeing a new wave of family-oriented investors entering the market, helped by more flexible lending and policy support.' First-time buyers, in particular, are benefiting from reduced down payment requirements and developer-bank mortgage tie-ups, which have lowered barriers to entry. These developments align with the UAE's broader economic diversification plans, including the emirate's D33 agenda — a roadmap expected to generate sustained urban and financial growth through 2033. While Dubai remains the primary focus, Chestertons also pointed to growing interest in Abu Dhabi, where large-scale infrastructure projects and new residential schemes are attracting cross-emirate investment.
