Do bigger apartments in Dubai offer bigger gains? Bayut.com uncovers the truth

Oct. 31, 2013 - PRLog -- For Dubai real estate sector, the last two quarters are the most happening ones since the tourism and business activities in these months rises to a considerable extent. This rise in business activity also directs the sum in the real estate sector, making it more valuable and attractive for other investors. Because of the mentioned reason, property developers and consultants save their best deals for the end of year as well as schedule important events and conference in the later quarters. Bayut.com’s http://www.bayut.com/ stats recorded during these quarters also help the investors see the actual potential of making an investment in Dubai real estate sector.

The continuation of the rental-price-rise trends in Q3 is leading the property in the right direction by augmenting the returns on investments. Bayut.com observes a noticeable rise in rents of Dubai apartments in Q3 and the property experts here are of the view that the property sector has further moved away from experiencing a property bubble bust. According to portal’s finding, the average rents of property in Dubai have increased by 8.6% during Q3, making the annual price hike rise to 22%. These stats suggest that by the end of year 2013, apartments’ rent in Dubai will roughly be 30% higher than their average value recorded in 2012.

The idea of bagging more returns from property investment makes the investors keener on knowing if bigger apartments can offer them bigger gains. In case of Dubai, the demand of different bed groups varies in different quarters. For instance, the rental price of 2, 3 & 4 bedroom apartments dropped in Q2, 2013 by 0.40%, 1.23% & 3.55% respectively while rents of studio and 1 bedroom rose by 6.8% and 2% respectively. For Q3 however, rental price hike for studios and 4-bedroom apartments remained the highest i.e. 19.11% and 10.35% respectively.

The overall stats of the first 3 quarters of the year show a 35.17% and 29.30% rise in rents of studio and 1-bedroom apartment in Dubai, making them the most promising and thus the popular bed groups for securing ever increasing rental yields.  Based on Bayut.com’s finding, it can be assumed that smaller apartments units in Dubai promise to offer better demand and rental price hike during all 4 quarters of the year.

For more information please visit: http://www.bayut.com