Property investment is your legacy
Don’t buy into the hype. Real estate is a game of patience, like planting a tree and if invested sensibly and with due diligence, you reap lifetime benefits and leave a legacy for generations.
Here are some Q&A's to ensure that you are making the right choice for your property investment:
1. Are rents still correcting? What is your outlook for 2017 and beyond?
Rents have been on a downward curve this year. There has been a3-5 per cent drop since the same time last year. As new supply comes in this year, there will be pressure on rents to sustain at their current levels.
2. How should buyers plan property investment to maximise their rental yields, especially when rents are softening?
If you are a new buyer, buy rented units (as opposed to vacant), ones that are fetching higher than the average market rent. The tenant’s length of stay plays a crucial role too. A resident who has lived in the property for three years or over is more likely to continue further. Moreover, factor in the yearly outgoings in maintenance and chiller fee before investing.
3. Should Dubai residents buy or rent?
It is always a good idea to buy — invest in your own home rather than see your yearly rentals go as a pure expense. Sure, many other factors would contribute to this big decision, the important ones being job stability and the availability of funds for the down payment and closing costs, which will be around 31-32 per cent of the property value. So, to begin with, get in touch with mortgage institutions to ascertain your eligibility and accordingly work things around.
Want to invest in a property in Dubai?
Please call or WhatsApp: 📱+971 50 451 2057📱
Or send an email to: 📩supervision @buy
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