Top benefits of buying or Renting a property in Dubai
Dubai is the most populous city in the United Arab Emirates (UAE) and it is one of the fastest-growing cities. Thanks to its infrastructure development plan and addition of new road links, recreation centers, and shopping malls, the city is constantly growing and has become an ideal location to rent or buy a property. Most of the properties in Dubai are a good example of engineering brilliance and includes smart innovation technologies that ensure modern living. These will add value to the properties and provide a considerable return on your investment.
Benefits of buying a property in Dubai
If you are still not sure whether owning a property in Dubai is a good investment, here are a few points that will help you make the right decision.
Availability of properties: Dubai offers a plethora of real estate solutions. You will be amazed to discover the wide availability of vacation homes, apartments, penthouses, lake homes, and luxury villas at desirable locations across Dubai. For buyers considering purchasing luxury apartment buyers, you should definitely look for properties in Dubai Marina and Palm Jumeirah. Jumeirah Village Circle (JVC) and Emirates Hills are ideal locations for owning luxury homes.
On the other hand, if you are looking for cheaper options, there are several other areas to choose from. Investing in OFF-PLAN PROPERTY is significantly cheaper than investing in fully constructed properties.
Free-hold areas: International buyers can invest with great ease and convenience in properties in ‘freehold areas,. These are specific regions designated for this purpose. Expats or foreign nationals can choose from popular freehold areas such as Downtown Dubai, Arjan, Barsha Heights, Discovery Gardens, DIFC, and Business Bay. While some communities offer apartments and villas while others offer a mix of both. So if you are an international property investor you know where to look for great real estate properties in Dubai.
Infrastructure: Dubai’s infrastructure development is very impressive, and the addition of advanced facilities, public transportation, roadways, and properties with technological innovations make the region very attractive for potential investors. Furthermore, the project Smart Dubai 2021 will connect Dubai city resources and infrastructures. This ambitious project will connect and monitor water and energy networks (through smart meters), sewerage, drainage, waste management networks, traffic lights, ports, and seashores. For investors, this could mean a great return on investment in the long-term.
Benefits of renting a property in Dubai
All the above-mentioned points make Dubai an ideal location to rent a property as well. Residents can not only enjoy the amenities offered by the communities but are not tied to long-term commitment.
Flexibility: Dubai offers a wide range of renting properties in various regions across Dubai. From expensive to cheap studio apartments, you won’t have any trouble finding the right home that suits your budget. This gives you an option to rent an apartment close to work or to the city depending on your convenience. Unlike owning a property, renting allows you more flexibility.
Short term Commitment: When you are not sure about your work or where you want to settle, you can always rent and then make a choice. Unlike owning a property, renting doesn’t necessarily involve additional financial payments like DLD fees, registration, mortgage registration, agency, and valuation and maintenance fees. Most of the properties are leased for short amounts of time, so you are not tied to long-term contracts.
Freedom to explore: When you are renting properties at different locations, you get a chance to explore other areas of the city and the activities around it. If you are someone who doesn’t like to stay in one place, renting will be the perfect option.
Whether you rent or buy a property in Dubai, you will benefit from secure living. Make Dubai your new home by exploring our new property listings.