Dubai investment guide for beginners
After considering all the reasons to buy property in Dubai, you’ve decided to invest in Dubai. But you are beginner when it comes to investing in Dubai and you don’t know much about how to go about it. Well, worry not. We are here for your rescue. We have created a Dubai investment guide for those who would like to invest in the beautiful city of Dubai.
Of course, we had to start with ROI. First concern for an investor is usually the return on investment (ROI). So if your objective is to rent your property or to sell it sometime in the future, a good ROI is a must. Homes that are centrally located and offer other lifestyle benefits tend to be the most attractive of the lot and are easier to sell and rent. Accessibility to metro stations, bus stops, shopping centres, school and high-class medical facilities also tend to be an important criterion for many.
Look for the right location
Location is the key. If buying for yourself, choose a location that goes along with your lifestyle. You may want a community that is more greener or you may want one nearby the major districts, so ensure that your needs are being met by the chosen property.
For investing purposes, Proximity and connectivity to main areas, restaurants, malls etc. is generally a good sign for investment.
Say hello to Branded Residences
For a first time buyer, branded residence is a great option to go with. Since these branded residences are managed by prestigious development groups, they come with additional perks and amenities, making them a very attractive option. Also, they come with the trust factor. For a first time investor, investing in a property made by a renowned developer like Emaar, Damac can be reassuring.
Financing your investment
While self-financing is the option that many investors often go with, but getting a mortgage is also an option. Dubai brims with banks and mortgage lenders. But before taking a mortgage be sure to do your research for the right bank and make a well-informed decision.
Act according to your investment objective
Is your aim short term or long term? Short term and long term rental contracts generally have varying returns so choose your contract wisely. Understand that everyone may have a different objective and there’s no one-size-fit-all philosophy.
Know all the associated costs
Many people often make the mistake of just looking at the property’s cost and ignore the other costs that comes along. There are many costs such as registration fees, agent fees etc. of which one should be aware about before making such a significant investment decision.
With the UAE government simplifying rules for buying property and new projects lined up, Dubai investments are more attractive than ever.
Written and published by Propertyeportal Media Team.