More investors looking for real estate in Dubai
Dubai is the city where there is always a high demand for buying and renting real estate. This is due to the fact that Dubai is a global tourist center; visitors from all over the world come here all year round. The news of the international exhibition “Expo 2020” in Dubai gave impetus to the creation of new projects and the construction of new properties. Below we will explain why the demand for villas for sale in United Arab Emirates has increased recently.
The influx of investors to the UAE has increased
Analysis of the data showed that 2021 was a favorable year for the UAE in terms of economy. In addition, more and more foreigners are coming to Dubai to find work. In this regard, developers offer a wide range of residential properties. Dubai’s population is increasing every day resulting in an increase in new construction. Investors buy apartments, houses and villas. They believe that investing in real estate in Dubai is a great way to create stable passive income.
Return on investment in real estate in Dubai
The rental income for a 1-bedroom apartment is around 7.5% per year. And if you consider the profit of real estate in general, then the average annual return on investment is 6%. At the same time, renting a two-room apartment will bring the owner a profit of about 5.8% per year. Three-bedroom apartments also bring not so low income: the annual profitability of such real estate will reach up to 5%. The lowest rental income comes from an apartment with four or more bedrooms, only 3.2%. Nevertheless, this variant of investment also takes place.
Real estate demand in Dubai’s green districts
When it comes to buying real estate, it should be remembered that in addition to apartments, the Dubai real estate market offers villas with terraces and private gardens. This type of residential property is no less popular among Dubai residents and investors. And now there are several reasons contributing to the high demand for houses and villas. After the lockdown in many countries, including the United Arab Emirates, people began to prefer houses over apartments. This has contributed to the increase in the prices of villas, however, the demand for such purchases and rentals of real estate has not diminished.
Additionally, families with children are more likely to prefer quiet, low-rise dormitory areas. And Dubai meets buyers’ views in this regard: in the emirate it is possible to find many beautiful green areas with luxurious gated communities.
Assistance in the selection of properties in the United Arab Emirates
Are you planning to invest in real estate in Dubai? We advise you to contact a professional company for the search and selection of goods. After analyzing the real estate market and listening to your preferences, professional specialists will compile for you a list of interesting and advantageous offers for the sale of an apartment or a house in the most demanded areas of Dubai.
Contact the specialists of Emirates.Estate today and you will be one step closer to stable passive income. Investing in real estate in Dubai is your faith in the future.