UAE property portal houza.com has introduced a yield calculator feature to its search function, making it easier than ever for prospective investors to spot an opportunity.
The first-of-its-kind, consumer-facing tool allows landlords and investors to see what their potential yearly net return will be on a residential property, accounting for service charges, without even leaving the page.
After launching its trends and transactions feature last month, this addition rounds off a hat-trick of firsts for the industry, from being the only portal to let consumers book a valuation with a property agent directly on the platform, to unlocking genuine transaction-level data.
houza’s Chief Operating Officer Sebastian Ritter highlights the significance of the tool. “In itself, displaying service charges to buyers is exclusive to houza in the region, but combining that with net return or ‘yield’ data is a new level of insight for investors,” he says.
“We rolled out trends and transactions data on houza in January, which has been incredibly well-received by both agents and consumers, so we’re expecting the yield calculator to be just as popular. It adds another string to our bow in achieving complete market transparency.”
Indeed, the new tool comes at a prime-time for the investor market.
“Dubai has always been a beacon for investment and the Expo this year, coupled with the anticipated influx of investors following recent relations with Israel and Qatar, will be transformative for the market. The introduction of citizenship for foreigners including investors provides a further stimulus for the investor community,” Ritter continues.
“The timing couldn’t be any better. Having both the transaction prices and yield calculator in place allows us to give enhanced insights to end-consumers and investors alike.”
Powering the figures is REIDIN Data Analytics, houza’s selected data partner. Using REIDIN’s expertise of carefully curated service charges and long-term visibility on rental price averages, the yield calculator processes the sale asking price with the annual rental price and the annual service charge, according to average service charge per sq ft for the location.
Where is highest for ROI currently?
- For apartments, one of the highest yields is in Green Community West where net return exceeds 7%. This property for instance will earn its buyer 7.31% return (as of 17 February).
- Meanwhile for villas, Al Reef in Abu Dhabi boasts properties where the net return is almost 7%, like this Arabian Village property at 6.9% (as of 17 February).
General Manager of Aston Pearl Real Estate, Safura Abasniya says, “The introduction of the yield calculator is truly a game-changer for the investor and landlord circle. Never before in the region has this information been as readily accessible as it is on houza so we’re excited to be able to showcase this tool to our clients.”
To find out the latest net returns data on properties throughout the UAE, view residential properties for sale on houza today.
About houza
houza is the UAE's new home for buying, selling and renting property. A portal with a difference, it hosts an extensive selection of residential and commercial properties, exclusively from the top agencies in the UAE.
Launched in September 2020, houza is the product of an agent-backed, full-scale property portal that offers property seekers a simple search solution comprising all the latest listings, and enhanced with community exposés and unique, personalised content.
With some of the largest consumer and commercial real estate agencies as partners, houza is committed to the highest standards on quality content – minimising fake listings and common pain points – and delivering a data-driven experience to help visitors to houza.com make the most informed decision when buying, selling or renting their property.
For press enquiries, please contact Lauren Moloney: lauren@houza.com / 050 389 1023
© Press Release 2021
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