Homefront: ‘Will buying properties in new projects offer better rental yields?’

  • Date: 27-May-2021
  • Source: The National
  • Sector:Real Estate
  • Country:UAE
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Homefront: ‘Will buying properties in new projects offer better rental yields?’

I am an experienced investor in the Dubai property market and already have a few investment properties in a master developer's established communities in the city. These units offer me good rental yields. However, I am now keen to pick up more investment properties in new projects.

Although the old communities fetch attractive rental returns, the buildings have begun to age and I fear I will have to spend more money on maintenance. Would you advise me to buy investment properties in new projects?