Dubai is continuously being associated with lucrative property investments and real estate projects. Establishing itself as a prime tourist location and business hub, the metropolitan city boasts an exclusive portfolio of iconic landmarks such as the tallest building in the world, the Burj Khalifa and the developing areas of City Walk, to name a few. Nevertheless, Dubai will not achieve its successes without the talents of its local business entities. And one such company has regularly been associated with most of its accomplishments: Meraas Holdings. Hence, what better way to introduce Meraas on its established reputation by portraying its next success story in the making: CherrywoodsTownhouses . Cherrywoods Townhouses by Meraas is one of the new off plan projects in Dubai expected to be completed by the year 2021. Located between the Emirates Road and Cherrywoods’ Al-Qudra Road, residents and guests alike will find its accessibility a boon to commute to other notable to
Within the first six months of 2019, sale prices have continued to decrease in Dubai, leading to a consequential increase in rental yields with The Palm Jumeirah, Al Barsha, and Downtown Dubai being exceptions. The average sales prices per sqft have been studied in the 10 most in-demand Dubai communities, comparing changes in gross rental yields between January – June 2019 with the corresponding period in 2018. Purchasing an apartment in Dubai’s most coveted communities Despite the high price per sqft in Downtown Dubai, Palm Jumeirah and Dubai Marina in 2019, these areas are highly sought after by many apartment buyers. These communities have many off plan properties in Dubai to invest in. The rental yields in Dubai Marina, the most in-demand community, saw a modest increase, jumping to 6.2 percent in 2019 from 6.0 percent in 2018. Rental Yields As of January – June 2019, the communities with the greatest potential for high gross rental yields include Jumeirah