For investors: New developments offering profitable rental apartments

15 May 2024

As previously mentioned, Dubai is striving to become a global center for medical tourism. Currently, thousands of people visit the city for medical purposes and rent apartments in new developments during their stay. They typically choose new buildings that emphasize relaxation zones, wellness activities, and spa treatments.

We asked our colleagues from the new developments department to compile a selection of new projects suitable for renting out to tourists. The starting prices and estimated rental yields are provided below.

Dubailand | From $159,000 | ROI ≈ 6.6%

COVE – This stylish 36-story tower in Dubailand features a rooftop swimming pool, spa area with sauna, and green gardens with relaxation zones. The windows offer views of lush avenues or courtyard gardens. Residents can unwind in the lobby, relax in the infinity swimming pool, or watch an outdoor movie.

Dubai Hills | From $381,000 | ROI ≈ 9.3%

Park Lane – This family complex comprises six buildings up to 21 stories high. All apartments are sold with premium finishes in the Vida style by Emaar. The project includes an infinity swimming pool, zen gardens, a children's playground, a fitness center, and an event room. The complex is surrounded by a green park with cozy promenades, fountains, and cafes.

JVC | Price on request

Vitality Residence – A 12-story club house with a rooftop swimming pool, fitness club, and lounge terraces. Residents can work in the co-working space, relax in the sauna, and dine at local cafes and restaurants. The windows provide views of green parks and avenues. Nearby, there are numerous bars, beauty salons, markets, and other amenities.