Why Investment in Residential Property in Dubai is a Great Choice?
In a commercially evolving world, real estate investment has turned out to be the smart choice for investors looking to get the best out of their capital. The practice of savings accounts rewards too little, whereas the stocks showcase volatility not experienced in real estate.
While each industry has its own attractions and potential benefits, the real estate market offers an amalgamation unparalleled by any of them. In this piece, we will look at the advantages of buying a residential property for sale in Dubai and lead you to how you can do it the best. Let’s start with the benefits.
Advantages of Investing in the Real Estate Market of Dubai.
You can use the property.
Once you invest in an apartment in Dubai, you’ll always have a home. You can use it as a summer home or a second home. Or if you end up moving to the emirate, it will be your residential address. This is a benefit that a stock investment simply can’t provide you.
An Income Stream
Apart from using your property as a primary or secondary residence, you can also rent it out for a recurring rental yield. However, this will require you to make smart investments after careful research into an area preferred by tenants & tourists, like Downtown Dubai or Jumeirah Beach.
Bonus Tip: If you are looking to rent out your property, it’s advisable for you to buy into new projects in Dubai, as new projects have higher appeal and offer top-of-the-line amenities to tenants.
Capital Gains
Following last year’s footsteps, Dubai's property market is expected to grow 5-7%. An early entry into the market can allow you to utilise the trend to sell off the property when the market is primed, which won’t be easy—post which, you can reinvest some or all of the money in another property for similar gains.
Higher Security
The real estate market of Dubai is a safe bet for investors. With the government framing policies to boost foreign investment and the economy, it’s exempt from abrupt price fluctuations, regulations, and other factors prevalent in other investment prospects worldwide.
No Holding Costs
In a rare case, if there's a hit to the property market and the prices fall, investors can still hold on to their properties without incurring any holding costs.
Meanwhile, investors can still benefit from a regular rental income and utilise the property with their equity in the investment remaining constant. So, even if such an adverse situation arises, it won’t damage your investment.
Parting Thoughts
Real estate depicts the working of an economy as the clearest. And if the economy of UAE is any indication, there’s no slowing down any time soon. This is why investors are flocking to Dubai from across the world to park their investments. And, if you are still on edge after reading this article, our new project Imperial Avenue Downtown Dubai, by Shapoorji Pallonji properties, will surely make you expand your portfolio with us.
