Top ready to move in projects for investors - long term rentals

We present to your attention the top 5 ready-to-move-in real estate properties in Dubai.

03.09.2023
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top finished real estate

Long-term rentals are usually preferred by couples of various ages. They often prefer two-bedroom apartments in family communities with developed social infrastructure and entertainment areas.

These projects have a convenient location: parks, supermarkets, and public transport stops are within walking distance, and schools and kindergartens can be reached within 5-10 minutes by car. Family communities have parking lots, gyms, recreation areas, and playgrounds, as well as round-the-clock concierge services.

We offer you a selection of ready-made complexes that are well-suited for family tenants and have high profitability - from 5.9 to 9%.

*The ROI and cost are specified for two-bedroom apartments.

Luma21

Area: JVC

Cost: from AED 1.3 million (USD 354,000)

Rental fee: AED 90,000 (USD 25,000)

ROI: 9%

Luma21 is a low-rise residential complex located in the Jumeirah Village Circle (JVC) community. The building consists of five floors, where residences can be purchased furnished or unfurnished. All apartments come with built-in appliances.

The complex has a children's playground in a covered green area for families with children. For relaxation, there are green gardens and a rooftop swimming pool.

Luma21 is located in the central part of the neighbourhood, surrounded by landscaped parks, including JVC – Halfa Park, which is within walking distance of the project. The Dubai International Cricket Stadium is located a 10-minute drive away, where the whole family can watch a cricket game.

Reva Residences

Area: Business Bay

Cost: from AED 1.35 million (USD 368,000)

Rental fee: AED 110,000 (USD 30,000)

ROI: 7.6%

Reva Residences is a residential complex located on Marasi Drive. All residences are furnished and ready to be rented. Each apartment features a large balcony and a fully equipped kitchen.

Residents can relax in the temperature-controlled swimming pool or do yoga in the wellness area, while children can have fun at the kids' club. There are various F&B outlets and shops near the complex, and a green area is provided for walks within the project. In the evening, you can unwind at one of the many restaurants.

After a busy day, you can rent a boat or yacht and sail along the canal - JPS Yachts & Boats Rental Dubai is just a quarter-hour walk away. The same amount of time is needed to walk to South Ridge Park.

Thanks to its location in Business Bay near local and international offices, the property will be in demand among businessmen, corporate employees, and their families.

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MBL Residences

Area: JLT

Price: from AED 2 million (USD 545,000)

Rental fee: AED 150,000 (USD 41,000)

ROI: 6.5%

MBL Residence is a residential complex located in the JLT area. Apartments are available for purchase with or without furniture. All residences have fully equipped kitchens and bathrooms, as well as spacious wardrobes. The apartments offer panoramic views of the pool, lake, and cityscape.

Future residents will be able to enjoy their time in the green areas and at the pools. Children can play on the playground or swim in the family pool. Residents of the project will also have access to a fitness centre and restaurants on the premises. Cleaning services will also be available if needed.

There is a park area near the complex, and a lake less than 300 feet away. It is pleasant to take a walk here with your family and children. Within a 10-minute drive from the complex is the resort area of Dubai Marina with its eponymous shopping centre, yacht club, and promenade.

Marina Gate

Area: Dubai Marina

Cost: from AED 2.9 million (USD 790,000)

Rental fee: AED 235,000 (USD 64,000)

ROI: 6.9%

Marina Gate is a modern project for comfortable living in Dubai Marina. The complex includes three high-rise buildings. The apartments have a smart home system with smart keys.

Residents can enjoy their time in a tropical pool with a terrace, play squash on a special court, or work out at the gym. Children can play in a separate room or in the rest and entertainment area. The project's podium has boutiques and entertainment venues, and groceries can be purchased or ordered at the local supermarket.

The location of the complex in Dubai Marina gives residents access to the waterfront and yacht marina. Within just five minutes' walk, there is a dock for water transport and public transport stops.

17 Icon Bay

Area: Dubai Creek Harbour

Cost: from AED 1.8 million (USD 490,000)

Rental fee: AED 130,000 (USD 35,000)

ROI: 5.9%

17 Icon Bay is a 41-storey skyscraper located in the Dubai Creek Harbour area. All residences have their own balcony, functional kitchen, and built-in wardrobe. Many properties in the complex are offered fully furnished, making them immediately available to rent out after purchase.

Residents can swim in the pool or relax in the green area on the podium. For children, there is an outdoor playground and an indoor playroom.

The Dubai Creek Harbour area is convenient for long-term living, with various shops located in close proximity to the project. Central Park, with children's playgrounds and a skate park, Creek Marina yacht club, and a promenade for walks are all just a 5-minute walk away.

Thanks to the developed infrastructure, transport accessibility, and convenience for both adults and children, these projects attract family tenants for long-term rentals. Similar projects in popular areas of Dubai will provide stable high profitability for investors.

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Marina Mikhalenko

Senior Property Consultant – Metropolitan Premium Properties

location
36-38 Floor, Al Salam Tecom Tower, Dubai, UAE
Metropolitan Expert
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Marina Mikhalenko

Chief Real Estate Investment Expert at Metropolitan Premium Properties

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36-38 Floor, Al Salam Tecom Tower, Dubai, UAE
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Consult with an expert

Our experts will help you choose the best option. You will receive the full information about the unit you are interested in and the available layouts

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