Ways to make money from apartments in the Emirates

If you own an apartment in Dubai or other Emirates, it can be a great option for making money. Many investors choose the real estate market, investing and reaping significant financial benefits from owning different properties.

Let's assume that you have decided to buy luxury apartments in Dubai and make a profit by doing so. How can this be achieved? There are several schemes, each of which has its own peculiarities and advantages.

Long-term lease

The big plus of the scheme is that you rent the apartment for a long term and do not deal with the issues of changing tenants. You do not need to re-sign contracts and pay the agent for his services.

But the method has its own conditional disadvantage. The average rate of return is 5-6%. But it is also important to add that there will be a gradual increase in the capitalization of your project. Therefore, such an option is definitely worth thinking about.

Short-term rent

An alternative option for owners of luxury apartments is short-term rentals. There will be a lot of people willing to do this, as wealthy people come to Dubai and want to live in good conditions. The hotel option is not suitable for everyone. Therefore, your luxury apartment with the possibility of renting it for a short period of time will be an attractive option.

The rates of return on short-term rentals are about 10-20% per annum. But note that this scheme will have to constantly look for new clients, to conclude a contract with them, to control the condition of the apartment and not only. These functions can be undertaken by your representative in the Emirates. But his services cost money.

Resale

For many investors, the best option is the resale of apartments. This will be beneficial if the purchase was made at the stage of construction of the house. Then it will be possible to maximize savings.

But even if it is a ready-made object and furnished apartment, which you purchased, over time its market value may increase. This will allow you to get some income through successful resale.

In this case, the amount of profit will depend on many factors. Therefore, we initially advise you to carefully choose an apartment and analyze all the possibilities of this object as an investment.