Everything You Need to Know About Investing in Sky Rise Binghatti for High Rental Yields

Located at the heart of Business Bay, Binghatti Skyrise reflects Dubai's commitment to innovation and sophistication. This modern tower effortlessly fuses elegance with functionality and features a range of 1, 2 & 3-bedroom apartments, along with studios designed to meet the demands of discerning residents. This development boasts more than 3,302 units and meets the demand for luxurious, furnished apartments in Dubai for both end-users and investors alike.

Located very close to several key Dubai landmarks, including the Dubai Mall, Burj Khalifa, and Dubai Design District, it acts as an excellent residence for business professionals and families. Moreover, this area ensures convenient access to financial centers like DIFC for its residents without giving up on the aspect of luxurious living.

Rental yield is the annual rental income of a property as a percentage of its value. In Dubai:

• Gross yields vary from 6-8%, compared with less than most global averages.
• Business Bay, Dubai Marina, and Downtown Dubai are attracting more buyers due to the areas being business hubs, lifestyle amenities, and tourist traffic in these areas.

These favorable economic conditions, investor-friendly regulations, and a continuous stream of expatriates coming into the city make Dubai one of the top cities globally for high rental yields.

Investing in apartments for sale in Binghatti Skyrise is a great opportunity to receive lucrative returns. Business Bay Dubai apartments have always had strong rental yields due to the area's appeal as a bustling commercial and residential establishment. Here is why:

• Prime Location: The SkyRise Tower is situated just 5 minutes from Downtown Dubai making it highly attractive for tenants who appreciate accessibility.
• Luxurious Amenities: The properties boast top-of-the-line features such as an artificial beach, jogging lanes, a private golf course, and a fitness center that appeal to individuals who seek exclusivity with comfort.
• Various Unit Options: The compact studios starting from 40 square meters up to spacious 3-bedroom luxury apartments in Dubai will enable investors to capture the wide tenant market, thereby ensuring a continuous demand for the units.
• Turnkey Furnished Units: Similarly, when looking to buy a one-bedroom apartment in Dubai and even larger units, SkyRise Tower offers furnished options that guarantee immediate rental income.

Whether you are a first-time buyer or a repeat investor, there is ample scope for buying apartments in Business Bay Dubai. There will be constant demand for the apartments due to the tower being located in a commercial area. Furthermore, due to Dubai’s tax-free nature, it makes owning property a very lucrative business. 

Moreover, the potential for capital appreciation is further enhanced with the modern facilities and the central location of the tower. The varied mix of unit types will ensure that investors will be able to choose a property that best fits their portfolio. Studios, 1-bedroom apartments, and 2-bedroom options have been in demand by particularly young professionals and couples, but families prefer larger layouts.

Binghatti Skyrise is more than just a residential tower; it's a symbol of modern elegance. The striking design and intricately crafted interiors reflect Binghatti's attention to detail. Great exposure to Dubai's skyline is ensured with expansive windows, while the use of premium materials like marble and natural wood ensures sophistication abounds in each apartment.

For the enthusiast in health and leisure, the development has:

• Paddle and Tennis Courts.
• A rooftop swimming pool with panoramic city views.
• Relaxation areas comprising saunas and lounges.

This gives Binghatti Skyrise a perfect position to be one of the most sought-after apartments among the luxury apartments in Dubai, thus responding to the great demand that has emerged lately for luxury living.

Binghatti Skyrise makes it easier for investors looking to cash in on furnished apartments in Dubai - these apartments are always in demand by expatriates or business travelers who look for temporary residences, hence a guaranteed stream of rentals. Apart from that, the high-quality furnishings reduce tenant turnover by creating an inviting living space.

Amidst a variety of off-plan projects, Binghatti Tower Business Bay has an edge over other developments:

• Sleek Design: Innovative architecture makes it an epitome of craftsmanship.
• Concierge and Maintenance Services: 24/7 service guaranteeing safety and comfort for its residents .
• Competitive Pricing: SkyRise Tower is in an accessible range despite having premium features on offer, therefore enabling the investor to achieve maximum returns.

Interesting in investing in this lucrative off-plan project? Contact LYM Real Estate for more details!