Dubai waterfront units can get up to 30% annual return

Waterfront projects can offer up to 30 per cent return annually to property buyers as a flurry of new projects have been launched to cater to the shortage of new units in these areas, as say property brokers and developers.

- Waheed Abbas [e-mail]

Dubai Islands has definitely been one of the hottest and most sought-after spots in the emirate's red-hot real estate market, along with Maritime City and Palm Jebel Ali.

Manpreet Kaur, CEO and founder of Kirpa Properties, said the two locations that are buzzing at the moment in the emirate are the Dubai Islands and Dubai South.

"These two locations are hot cakes at the moment. For any investor who invests in these locations, it is a no-brainer. If you look at any island or waterfront property in Dubai, prices have appreciated between 100 per cent and 1,500 per cent. Average capital appreciation in waterfront properties is around 20-30 per cent annually. If the construction period is three to four years, you're expecting 70 per cent to 100 per cent appreciation, depending on where your plot is, how close it is to the water," Kaur said, adding that these two projects cater to affordable and luxury segments of the investor base while Palm Jebel Ali is targeted at the ultra-luxury segment.