Value can be triangulated by looking at current rental yields of comparable 1-bedroom units in Blue Waters or the Palm, which rent for roughly 300,000 AED per year. Using a standard 5% market yield, a property generating 300k in rent is mathematical…
Value can be triangulated by looking at current rental yields of comparable 1-bedroom units in Blue Waters or the Palm, which rent for roughly 300,000 AED per year. Using a standard 5% market yield, a property generating 300k in rent is mathematically valued at 6 million AED. Regardless of the current off-plan price, the scarcity of beachfront stock (only 6% of total inventory) ensures that Siora has the potential to reach or exceed this 6 million mark once it reaches the secondary market.
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