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Investment analysis

Dubai rental yield calculator

The yield in the advert and the yield in your bank account are rarely the same number. This works out both, and shows you the gap.

The property

Start with the price, the rent and the size.
Suite area only, excluding the balcony.
Charged at 25%, not in full.
Roughly 10–35 depending on the building. Check the actual figure on the service charge statement.
Running costs & capital — settings
Guidance defaults. Service charges in particular vary enormously between communities — use the real figure from the building's statement.
DLD, agency, trustee and title deed combined. Work out the exact number with the transfer cost calculator.

The three yields

Where the rent goes

Want the real service charge for a specific building?

Send Ali the tower or community you are looking at. He will pull the actual service charge, the current achievable rent, and what comparable units are really letting for.

Why there are three numbers, not one

Gross yield is rent divided by price. It is the number in the advert, and it ignores every cost of owning the asset. It is useful only for comparing two properties at the same glance.

Net yield on price subtracts what it costs to run the property: the service charge, management, a maintenance allowance, insurance, and the rent you lose while the unit sits empty between tenants. In Dubai the service charge is the one that surprises people, because it is billed per square foot regardless of what the unit rents for.

It is also the line most calculators get wrong. Service charges are levied on chargeable area, not the gross size in the listing: the internal area is billed in full, and the balcony at 25 percent of its area. On a 920 square foot unit with a 120 square foot balcony you are billed on 830, not 920. Enter the two areas separately above and the calculator handles it.

Net yield on total invested is the honest number. It divides the same net income by everything you actually put in — price plus the DLD fee, agency commission, trustee fee and any furnishing. That money is gone whether the property performs or not, so leaving it out simply flatters the result.

On a typical Dubai apartment the distance between the first number and the third is two to three percentage points. That is the difference between a good investment and an average one, and it is entirely invisible in the advert.

Related reading

Common questions

What is a good rental yield in Dubai?

Advertised gross yields in Dubai commonly sit between 6 and 9 percent, but gross yield ignores every cost of ownership. Once service charges, management, maintenance and void periods are deducted, and the return is measured against what you actually invested including purchase fees, a realistic net figure is typically two to three percentage points lower. Judge a property on the net number, not the advertised one.

What is the difference between gross and net rental yield?

Gross yield is annual rent divided by the purchase price, with no costs deducted. Net yield subtracts the running costs of ownership, principally service charges, property management, maintenance and lost rent during vacant periods. The most honest measure divides net income by total capital invested, which includes the DLD fee, agency commission and other purchase costs, since that is the money genuinely tied up in the asset.

How much are service charges in Dubai?

Service charges in Dubai are billed per square foot per year, and crucially they are levied on chargeable area, not on the gross size quoted in a listing. Chargeable area is 100 percent of the internal suite area plus 25 percent of the balcony area, so a unit advertised at 920 square feet with a 120 square foot balcony is billed on 830. Rates vary widely by building, from roughly 10 dirhams per square foot in simpler developments to well over 30 in premium towers. Applying the rate to gross area overstates the cost and understates the yield.

Should I include purchase costs when calculating yield?

Yes, if you want the number to reflect reality. The DLD registration fee, agency commission, trustee office fee and any furnishing are real capital you committed to acquire the asset, and they are not recoverable. Measuring net income against price alone flatters the return by roughly the size of those costs, commonly six to seven percent of the price in Dubai.

This tool is for estimation and guidance only. It is not a formal quotation, nor financial, legal or investment advice. Rents, service charges and running costs vary by building and change over time, and past performance does not guarantee future results. Verify service charges with the building's statement and rents against current market evidence before committing to a purchase.