Is 2016 really the best time to invest in Dubai’s Real Estate Market? Without doubt, Yes! But, a genuine question you need to ask yourself is when and where to Invest in Dubai? Last year was really good for property buyers in both off-plans and secondary markets. Dubai's property developers offered properties such as apartment, villas, etc., at affordable prices. The year 2016 will see the upward movement of the property costs, which will keep on increasing further.
If you’re looking for a good way to invest your money this year, then buying a dubai property is really a profitable option and is suggested by most financial experts. Dubai has much potential in transforming property investment into a money making endeavour. Apart from the given features like its free zone areas, plenty of tourist spots, tax-free regulations, its overall accessibility & safety and state-of-the-art facilities, low crime rate and abundant career choices, businesses in Dubai are booming. All this ensures that Dubai is a city of growth and opportunities, making it a great venue to start a financial venture, so investment in Dubai is a great idea.
Investors should have their eye on rental properties in Dubai to enjoy the best return, which are more than 7 percent. This is a truly appealing proposition from an investment point of view, because other cities like Hong Kong, London, etc. are averaging between 2 and 3%. However, in some parts of Dubai like Palm Jumeirah, the Dukes and Anantara, you will see you property yields as high as 10%.
At present, there is a shortage of studio apartments around the Downtown area, so this is a good place to invest so as to drive high payoff. Additionally, properties in Marina District are also well worth the investment. If you invest in off-plan projects, then you won’t have to pay back everything immediately. You can take benefits of this as the market is recovering.
Studio Apartments Around The Downtown Area
Dubai property prices will increase this year as well as is projected to increase further, a sign of a good return of investment. Therefore, 2016 is really a good year to buy property in Dubai for investment purpose, and there is currently no shortage of properties. More and more investors, particularly from India, are buying properties. According to some real estate experts, there were 20,000 to 25,000 units expected to come to the market in the 2015, but only 9,000 units delivered till Q3 / 2015. So, if the trend continues to be like this, then demand will exceed supply and prices will rise. The prices can touch greater heights before the EXPO 2020.
If you are looking to invest in real estate Dubai for capital appreciation, then it is extremely important to choose the right projects. A reliable real estate company such as Property Network, can help you with the same.
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