dubai property
Dubai Property
Dubai Property
Dubai Property -Advice for new Dubai homeowners with over 15,000 properties delivered earlier this year and many more coming online with the release of Jumeirah Beach Residence and The Palm Island Project, Dubai investors have some significant choices to make over the coming months.
There are over 3,500 Dubai properties on the Palm Jumeirah and 7,000 properties on Jumeirah Beach Residence now coming onto the market and creating significant opportunities for corporate and holiday visitors alike when evaluating potential residential or short stay rental options. Both projects are perfectly situated to cater to corporate and tourist requirements. For villa accommodation, the most common areas for rental are in The Springs, The Meadows and Emirates Lake areas. Many privately owned villa investors are renting their accommodation as long and short term options and although some have private pools, all these sites are mature and offer at the very least, communal pools and shopping/restaurant facilities.Within Jumeirah Beach Residence there will be 400+ restaurant / retail options and on Palm Jumeirah with the many hotels, retail outlets, restaurants, and unique mono rail system it’s primed to be a major player as a prime place to live or visit and certainly a fabulous opportunity for investors.
Many more areas will be available for rental over the next 2-3 years. These are major projects that will attract many visitors for many reasons. Dubai Healthcare City will become the internationally recognized location of choice for quality healthcare and an integrated centre of excellence for clinical and wellness services, medical education and research. It will be an ideal location for medical professionals to base themselves as well as visitors for their relevant treatments.
In addition, spectacular projects such as Dubai Sports City the world's first purpose-built sports city, will incorporate state-of-the-art sporting venues and academies along with residential and commercial developments. These will combine to offer a world class venue for sports events and activities at all levels with a residential lifestyle unrivalled in the region and possibly the world.
The top requirements by most tourists and corporate visitors are the following:-
· Centrally located
· Near or on the beach or relevant facilities
· Easy access to restaurants and retail options.
· Pool / Gym facilities
Dubai Property developers have created areas with all of the above in mind. What does this mean for homeowners? Traditionally those that bought for investment would either sell at a profit or rent it on an annual basis. Presently Dubai long-term rental returns are achieving 6-7% yield. The short-stay option which caters to both corporate and tourists alike provides a higher annual return of between 12-15%. The advantage of short term rental is manifold but includes the following:-
· Ability to use it for personal use or friends with returns that are roughly twice the average of long-term leasing
· Flexibility to change in a fast moving Dubai rental market where Dubai is projecting 15 million visitors within the next few years.
This is the sort of growth that bodes well for any investor in the short-term holiday rental market. Dubaishortstay.com can offer full Rental Management options and Furnishing packages to the right standard to attract quality guests to your property. The furnishings and white goods are all of the quality that will sustain in a hard wearing rental environment and also appeal to the eye for the standard and quality of guest that we are attracting. For details of this please visit www.dubaishortstay.com