Few Things To Keep In Mind While Investing In Dubai
For foreign nationals, real estate is becoming increasingly popular as a means of making an investment and earning passive income, and Dubai is becoming an attractive option.
The world’s largest city is distinguished by a high standard of living and attracts visitors with excellent climatic conditions. Many people choose to invest in the most sought-after tourist locations, such as properties in Dubai Marina and Palm Jumeirah. Although they aren’t the most well-known areas in the emirate, the demand for homes is mostly driven by location and price. Here are some suggestions for the assets to choose from within this price range, as well as what to remember while shopping for them.
The prestige of the building — new residences aren’t always more expensive than commissioned ones, such as the Burj Khalifa tower. Although the structure was completed over 10 years ago, the cost of housing continues to rise. Proximity to the seaside is an important factor for many people when looking for a property, especially if they want to rent it out.
The condition of the condominium and its location – the period when a small studio was a viable investment has passed. Nowadays, a growing number of vacationers and those looking for permanent housing choose big homes. Extremely high levels of upkeep are required.
Privacy – homes in a gated community with several dozen homes will cost more than homes in a complex. A studio condominium in one of the residential areas may be purchased for AED 300,000. This asset’s typical placement ranges between 35 and 45 rectangular meters. It would also be worthwhile to consider Dubai’s suburban areas.
Customers may expect huge apartments of up to a hundred rectangular meters in practically any urban area for AED 650,000. (those are Dubai Marina, Jumeirah Lakes, and Dubailand). A three-bedroom condominium or a modest home near the key groups and the ocean shore should be purchased for AED one million and higher. The advantage of this option is that you may get a home permit while browsing for a property worth more than AED one million.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
