Luxury seafront Richard Waind, Group Managing Director, Better Homes, calls Jumeirah the “Dubai riviera” that offers luxury seafront living, ideal for high net-worth buyers looking to park up their yacht outside their winter second home. Port De la Mer, for instance, promises a retreat-style island life, while City Walk offers opportunities for expats and overseas investors to own chic apartment-style units.
Buying to rent Waind points out that the investors buying in Jumeirah usually prefer to rent long term and not sell units on completion. “It is very rare to find a secondary market good stock in these projects,” he adds. “We have observed a highest selling demand for La Mer and Bulgari Residence.” Average annual rent for Bulgari Apartments in Jumeirah Bay Island ranges between Dh300,000 to Dh380,000 for a one bed, Dh380,000 to Dh450,000 for two-beds and Dh480,000 to Dh580,000 for three-beds.
“There has seen a considerable drop in City Walk rents over the past six months or so. Annual rents for unfurnished City Walk apartments range from Dh100,000 to Dh115,000 for one beds, Dh125,000 to Dh140,000 for two beds and Dh165,000 to Dh180,000 for three beds,” says Waind.


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