Casa Arabe is committed to being a meeting point between Spain and the Arab world
What's in a location?
So, what's the first feature everyone considers before buying a property? Location, right? In case of Dubai, the entire emirate is one great location to invest in and every inch of land here is expected to gain value a few years from now. This is because the real estate prices have already bottomed out as the government authorities have successfully cleared the property market of flippers. This means your investment is safe, there are absolutely no frauds and there is an increasing demand for rental properties as well.
Returns
In terms of return on investment, the rental segment of Dubai's real estate sector is a huge revenue earning opportunity as rental spaces remain in high demand. According to Bayut.com, rental yields in Dubai go as high as 10 per cent in select apartment categories and demand is always high in areas where properties are affordable.
So, if you are looking to invest in the emirate's realty sector and are eyeing lucrative gains, it is recommended that you buy a property in suburban localities; especially those which have been complemented by the Metro Red Line extension.
Real estate developers in Dubai are now offering flexible payment plans in a move to increase sales. As the competition among property developers heats up, the real beneficiaries of this competition will be genuine property buyers. Keep an eye out for new developments and benefit from the freebies that developers offer to boost their sales. Some of them even go to the extent to pay property transfer fee for you while others offer installments as low as one per cent of the property value.
Expo effect
But that's not all. Dubai Expo 2020 is just a few years away and development and preparations for the mega event are taking place at a massive scale. Thanks to Expo 2020, Dubai's south is headed to become as popular as the emirate's north and the prices are really economical in the former. One can easily invest in areas that fall on the southern end of the emirate if one wishes to extract long-term benefits from their investment.
Apart from all the benefits associated with Dubai, the emirate is also a land of countless opportunities that promote high-end living experiences. Moving here could be an experience of a lifetime for many. And if you can invest a decent amount in the emirate's real estate sector, the government will give you a residency visa that could be updated every year!
The writer is a real estate analyst at Bayut.com. Views expressed are his own and do not reflect the newspaper's policy.
Casa Arabe is committed to being a meeting point between Spain and the Arab world
From stocking up essentials to ensuring safety of vehicles and properties, they take no chances
The UAE face a tricky challenge on Friday in what could be a rain-interrupted qualifying game against Vanuatu
The daughter of Sheikh Mohammed married Sheikh Mana in a grand ceremony last year
Authorities also apprehended 179 suspects across 196 operations worldwide
The mission titled ICUBE-Q will be launched on board China's Chang'E6 from Hainan
Notable Speech and Tarifa lead an army of contenders in major Classic contests at Newmarket, England and Churchill Downs, America
GCSE and A level board exams take place over several weeks in April, May and June for thousands of students across the world