Buying an investment property can be a great way to not only have a sizable asset in your name but also earn an income on that investment by leasing their property on short or long term contracts. Here are some factors a potential investor needs to consider to ensure they profit from their investment.
Earlier this month, Driven Holiday Homes co-founder Khadija Meziane El Otmani sat down with Arabian Business to discuss female entrepreneurs in the Middle East, the growing short-term rental market in Dubai, and the fine balance between hospitality and real estate.
Dubai never ceases to amaze you. With several iconic buildings such as the Burj Al Arab, the Palm Jumeirah and Burj Khalifa, the city is an epitome of architectural largesse. In the current property development cycle, the city’s promoters have envisaged ambitious projects whose cumulative value runs into hundreds of billions of dirhams.
Dubai’s real estate market is substantially healthier than it was before the crash in 2008, and the factors that led to the crisis are not currently evident in the market. Now investors can seek new investment opportunities without the worries of the past. This improvement is especially great for first time buyers as the property prices are anticipated to rise 10 to 15 per cent annually till 2020, they can anticipate a 50 per cent upsurge on their property value. (more…)
Among Dubai’s new luxurious developments, Al Barari stands alone. “Opulent” is also sometimes a word too easily employed, but it’s perfectly fitting when used to describe an Al Barari home.
Driven Properties specializes in marketing extraordinary homes and matching sophisticated buyers with properties in Dubai’s most exclusive neighbourhoods. We are dedicated to providing excellence to all our clients.
Some sellers opt for using open listings to put their property on the market, however they are unaware that open listings often slowly fall to the bottom of the pile. (more…)