How to choose a property for investment in Dubai
We all aspire to have an additional source of income and seek to find the most secure and stable investment, and with each investment emerges a set of challenges, expectations of how the market would be in the future and all the aspects that can affect the value of the investment. With all that should be taken into account, real estate investment stands out as one of the best investment options on both short and long term.
Dubai property market is one of the most prosperous markets due to the unparalleled growth real estate in Dubai witnessed within a short period of time. There are several factors that helped Investors to turn their eyes to real estate investment in Dubai, both locals and expats, such as:
The average price of the square foot in Dubai’s properties is less than its equivalent in other global markets, bearing in mind that the luxury level provided by Property developers in Dubai is not less if not exceeds what those markets provide.
Property developers in Dubai provide investors with relatively high rates of return, especially if we compare them to other markets around the world, which is a main factor in attracting investors to Dubai.
One of the most important factors that attract foreign investors to buy apartments in Dubai is the opportunity to obtain a real estate investor residence in Dubai, the duration of which varies according to the value of the property they buy. This can make an ideal opportunity for them to live in Dubai, one of the most active and dynamic cities in the world in all respects, Economic, recreational, etc. Besides, living in Dubai may open even other investment opportunities by giving them the chance to evaluate the possibilities closely.
But how do you know what is the best property choice for investment, here are some points that you can consider to make your decision:
Budget: Several factors contribute to determining your choice of the property that you will buy, but the budget you have remains the most important factor. It is necessary to determine the amount that you can afford for the property, whether you’re buying it in one payment or in installments. If you choose to buy the a studio flat in Dubai with installments for example, you will have to take into consideration your financial ability to pay the installments on time according to the payment plan in addition to the down payment.
The investment you want to have: The motive behind buying an investment property is the prospect of having an additional income out of it, this return may be achieved by selling the property after a certain period at a higher price, or by getting apartments in Dubai in a project offering a return on investment, which is a percentage that its value is different between one project and another offered by the developer to buyers interested in investing in its properties, or by renting the property.
Renting the property: Let’s say that you are looking for a property that you can rent, this means that the best option for you is to find ready apartments in Dubai where you can start renting the property as soon as you buy it.
Resale the property: Another way to invest in a property is to resale it making a profit from the difference between the purchase price and the sale price. This profit can be different according to several factors such as the prevailing real estate circumstances in both periods in which the property was bought and sold, the location of the property and any changes that may occur. your goal is to buy the property at the lowest possible price and thus an off-plan property is the best option as properties are usually sold at a lower price before the completion of the construction then prices tend to rise once they are ready. To read more about buying an off-plan property, click here.
Return value: There are several factors that influence the expected return on investment, including:
The property type: smaller properties in Dubai are more suitable for investment due to the ease of selling or renting it, as it can financially suit a larger number of people, which makes the possibilities of selling and renting it higher. This makes a studio flat in Dubai a more suitable property for investment than a villa for example, while the villa is a first choice for home buyers who aspire stability rather than investment.
Location: People tend to search for apartments in Dubai in vital locations that bring them closer to the main destinations in the city to facilitate their daily routine, which increases the possibility of benefiting from an investment in one of these locations.
Facilities and services: The presence of major and important facilities and services near the apartment or studio flat in Dubai that you buy for as an investment location, such as public transportation, schools, universities, nurseries, hospitals and medical centers, raises the demand for it, given that the presence of these services facilitates the nature of life by having everything that a person needs near it, and this is what buyers and home renters take with an eye Consideration when searching for new housing.
Every successful investment must take into account the factors affecting its success and in order to reach the optimum balance between profit and stability of the investment, Property developers in Dubai offers a solid ground in achieving this balance, encouraging investors to put their money in an apartments in Dubai for investment, whether they are experts or new in this investment domain.
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