One of the smartest financial choices is investing in property. For both sectors, 2020 has been a decisive year. We are now seeing a price range that resembles that of 2012-13. Therefore, over the next few years, we should foresee a price boom. And the moment of greatest pessimism is the best time to invest.
During Q1 2020, more than 6,200 apartments and over 800 villas/townhouses were handed over in Dubai. This is potentially the greatest opportunity in the property market to make a buy. These trends are projected to serve as a tailwind for the Real Estate Companies in Dubai, with the decline in prices within the budget for most, the long-term UAE residency visa schemes and the 15 zones that have opened up to international buyers.
Now, if you are looking to make a successful investment during this time, before deciding on a property option, identify the following main factors.
You have to consider which factor you want to benefit the most from in order to help assess your end goal; yield, capital appreciation, or a successful combination of both.
The return is the amount of annual return that you are expected to earn on your investment. It is determined by expressing the rental income of a year as a percentage of the price of the land.
You must compare multiple properties in the immediate vicinity within a given area to find the best property that produces a higher yield. As property from location A and property from location B would not have identical foundations to be put against each other, it is necessary to be precise.
You must compare multiple properties in the immediate vicinity within a given area to find the best property that produces a higher yield. As property from location A and property from location B would not have identical foundations to be put against each other, it is necessary to be precise. To demonstrate, a Downtown property and a JLT property would not have a comparable yield, since each region is influenced by a variety of different variables.
Capital Appreciation is the rise in an investment's valuation. That is the difference between the price of the purchase and a property's selling price. Here, too, it is imperative to compare properties within areas, instead of two different properties in different locations, to find the best-suited property for a greater capital appreciation.
There are particular considerations to look at when deciding this form of property in order to locate a property that offers you a nice combination of the two
You have a number of different styles of locations to pick from in Dubai. You can have it all, ranging from beachfront residences and marina flats to golf course villas and midtown skyscrapers. In Dubai Marina, Downtown, Palm Jumeirah, Emirates Living, Dubai Hills House, Damac Hills, and Blue Waters are some of the famous investment properties.
Press the significance of recognizing specific investments that are situated in a single position directly within the vicinity. Otherwise, it is like matching, with no fruitful effects, apples and oranges.
Your seller's drive is one of the most critical reasons for having the best price. You're going to get your money within your budget if they are strongly inspired.
We acknowledge, however, that this is a repetitive procedure, and that checking all the boxes is not suitable for all. This is why you should recruit President’s professional services. For all things real estate, we are your one-stop-shop. Our specialist advisors will take you through the city's best options to get you successful offers that suit your long-term objectives. Get in contact with us to hear more about Dubai Investment Real Estate.