Page 77 - SALIK PR REPORT OCTOBER 2023
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When will the Dubai Taxi Corporation hitch an IPO ride? After getting
a taste of Salik's IPO, analysts expect nothing than a full-scale rush
for any offering from the taxi entity.Image Credit: Gulf News Archive
A putative Dubai Taxi Corp. IPO will benefit from all the dynamics that
propelled the Salik one - more so when it's backed up by solid dividend
commitments.
How do property yields stack up?
Yields from owning apartments in the high-rise hubs of Dubai Marina, JBR
and Downtown Dubai average between 3.5 per cent to 4, while at the Palm
Jumeirah, it would be just a shade over 3 per cent. (Property yields are
measured by dividing the rental value on the unit by the current market price.
In areas like Palm Jumeirah, the Downtown and Dubai Marina, property
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