Sep 20 2016
The Greens is one of Dubai's oldest freehold communities and has reached a mature stage for quite some time. The biggest advantage this community holds is its central location and great accessibility to Sheikh Zayed Road and nearby business districts like Media & Internet City and Knowledge Village.
Prices in Greens reached a transaction average peak of about AED 1,545 per sq. ft. in Q2 2014. Capital values have depreciated about 8% on average in the past 24 months since reaching its peak. Most of that correction took place in late 2014 and early 2015. In the past 12 months, The Greens market has been extremely stable and in fact some capital growth has been witnessed.
The Greens offers excellent rental returns - averaging 7.3% on average accounting for all property types. Occupancy rates are over 97% across the 3,300+ units in the community. Units put up for rent are typically tenanted within a few days.
Most transactions that take place in Greens are by end-users. Studios and one bedrooms are still considered a good option for investors looking for healthy rental returns in a high-end property.