If you haven’t already added investment properties in Dubai South to your portfolio, it’s time. Prices are forecast to rocket as this city within a city prepares to host EXPO 2020. Work is in progress on homes for 1 million residents, together with Al Maktoum International Airport and a logistics hub that will create 500,000 jobs, The National.ae reports.
“Leading developers like Emaar have arrived in Dubai South, also home to the flagship airport for Emirates, one of the highest paying airlines around. These 2 factors indicate that buyers and tenants with links to the airline and Expo 2020 site are likely to make their home here once complete,” says Simon Baker of haus & haus.
We are currently marketing Saffron, an off plan development of Emaar townhouses, due for handover in 2020. Saffron residents will enjoy an 18 hole golf course, Dubai South Mall plus parks and cycle tracks close by. The development also has a 40% post handover payment plan, creating an achievable investment and the opportunity to sell on a brand new property at a time when all eyes will be on Dubai South.
Buy to let apartment investors
Downtown and Business Bay remains a focus for investors in the heart of the city. Our leasing broker, Ryan Morley, recently negotiated a yearly rental rate equating to 8.4% NET for his buy to let client in Business Bay. With the transient, but forever growing nature of the Dubai population, there will always be room for more property lets. Simple one might say! However, experience tells us that conquering the rental market depends on your property not standing empty. Our expert Property Management team ensure this doesn’t happen with a service that will maximise your year on year rental yield.
The purpose of your buy to let property is also a factor for success, whichever end of the market you invest in. A luxury serviced apartment in Downtown and an affordable apartment in Jumeirah Village Triangle, for example, have equal potential to accelerate your ROI with holiday rental income. According to the Khaleejtimes, it’s also cheaper to buy in Jumeirah Village Triangle than it is to rent. This certainly tallies with our experience. Here, you can profit by investing in affordable off plans, attracting both holidaymakers and long-term tenants who are prepared to pay more for the attractive location. Read more about Jumeirah Village community.
Our investor client base is made up of overseas buyers, expats and Emirati clients, who recognise the potential of moving their money into Dubai property
Thinking like an investor when you buy a home in Dubai can make a difference when you sell your property on. The question is, do you buy a brand new property in a fledgling community like Bluewaters – Dubai’s latest island destination just off Jumeirah Beach?
Or do you buy an older style villa in an established community like Arabian Ranches and add value with a comprehensive upgrade? Simon Baker’s recent article for Prestige Magazine proves there is a conversation to be had about the investability of Dubai’s older villas, situated on large plots in sought after areas, with scope for renovation.