It will be quite profitable to rent them out, as Port De La Mer is expected to generate an average ROI of 7%. Potential tenants will be attracted not only by a range of world-class amenities on-site but also by the central location of the long-awaited community. For instance, the travel time to Business Bay, Downtown Dubai and Dubai International Airport will take a maximum of 20 minutes by car. The starting rental price for a 1-bedroom apartment of 945 sq ft in Port De La Mer is AED 70,000 (USD 19,000) per annum.
Furthermore, in 2021, Dubai was ranked 11th most popular city globally for residence-by-investment programmes. Following this news, the minimum financial requirement to apply for a 3-year visa through investment has been reduced to AED 750,000 (USD 205,000) by the Dubai Land Department. As we have mentioned earlier, the starting price for a property in Port De La Mer is AED 1,400,000 (USD 381,200), thus it provides a unique opportunity of becoming a UAE resident with a provision for spouse sponsorship.
ROI of 7% AED 70,000 ($ 19,000)