Investments

Preparing for the acquisition of investment property in Dubai is a process that needs to be given enough time. You need to find out where and what kind of real estate you can buy, choose which object to invest in, prepare documents, check the possibility of obtaining a mortgage loan, if necessary, and much more.

It is quite possible to miss important nuances due to a lack of experience in this area. It is best to invest in real estate with the support of experienced professionals. Mayak Real Estate agents will take responsibility for all stages of the purchase so that you receive a high return on your investment.

Investment real estate should be profitable, so its choice should be approached carefully. Here are the factors you need to pay attention to:

• location;
• housing area;
• the level of comfort of living, this includes not only service and infrastructure within the community, but also transport accessibility, proximity to educational and other institutions;
• quality of real estate;
• market conditions and terms of acquisition;
• interest rate;
• housing maintenance costs.

Both objects under construction and finished objects on the secondary market have their pros and cons. To understand what to choose, evaluate the advantages and disadvantages of each.

Advantages of investing in an object under construction:

• more favorable cost compared to the finished object;
• there is a high probability of an increase in the price of housing closer to the commissioning of the house;
• a more affordable down payment is 5-10% versus 25% in the case of a ready-made object;
• attractive and flexible payment plan from the developer.

The disadvantages include possible changes in market conditions, which will lead to a drop in the value of the object and its valuation below the invested amount. There is also a risk that construction will take longer or stop altogether. Therefore, it is important to carefully study the developer before buying housing at the construction stage.

Advantages of investing in a ready-made object:

• depending on market conditions, you can find housing at a wonderful price, besides there is an opportunity to bargain;
• ready-made facilities are often located in communities with developed infrastructure and good transport accessibility;
• you can immediately start renting an apartment or villa, you just need to find a tenant;
• the finished object has already been tested for rental profitability, which can guarantee a stable income.

Among the disadvantages, it is worth noting a minimum deposit of 20-25% and initial operating costs of 7-8% of the cost of housing.

Which direction to choose depends on the investment strategy and budget of the future or current investor. We can note which areas in Dubai are in demand for the purchase of apartments and villas:

• Popular districts for buying apartments in Dubai are Business Bay, Dubai Marina, and Downtown.
• Popular districts for buying villas in Dubai are The Palm Jumeirah, Al Furjan, and Sports City.

Apartments for rent most often give a higher yield compared to villas or townhouses. It should be a small—sized property like studios or 1-room apartments since those with low or average income predominate among the tenants.

Investments in affordable areas of Dubai can be highly profitable. Many tenants choose to live not in the central, but in more accessible areas of the city. A good rental yield can be obtained by investing in rental housing, which is located in Discovery Gardens, Jumeirah Village Circle, Dubai Silicon Oasis, and Dubai Studio City.

It is better to choose inexpensive real estate objects for purchase and further resale. Give preference to those real estate offers in Dubai that have good transport accessibility and close infrastructure. The service fee also affects profitability. Before investing, find out the amount of this expense item in a particular community.

To invest in real estate in Dubai for high profitability, it is best to select objects with the help of a qualified agent. Contact us and we will find the best offers on the market for you.

For registration, it is enough for you to provide a copy of your passport, your email, phone number and actual residential address for correspondence. Moreover, now it is not even necessary to come to the UAE for registration. You can make a purchase online. Remotely select a project with your expert, provide documents and pay the initial payment by the link from the developer, and then pay from your bank using the details from the developer directly to the escrow account. The developer will send the contract to your home.

That is why the Dubai real estate market is very fast, as 80% of transactions are made online from different parts of the world.