Dubai is a city that is known for its exceptional construction & engineering, tourism, real estate, financial services, splendid sports and entertainment related function. Dubai has this center stage position for various reason, a great tourist infrastructure, attractive beaches, oasis, mountains, deserts, and sports. Dubai provides a combination of the cultured east and the fascinating west together with its status as the sporting capital of the Middle East. People that come here either rent or buy property depending on their need. There are more than 265,000 housing units in Dubai and 70% of the residents rent their homes. Dubai rents have decreased with very few exceptions. Handing over of the new buildings like JLT, The Views, and Dubai Marina, caused Dubai rent to fall enormously. June 2010 onwards price in Dubai Marina of a 2-bed Apartment has gone down by 26 %,a pleasing news for the tenants, while a proportionate, apartment has gone down by 6 % during the same time.
Real Estate Market Advisors has carefully checked the outcomes of divergent rental strategies comparing the pragmatic and rigid approaches of owners. “ Ninety percent possession has been allotted to the tenants on projects that were developed for the attraction of tenants with in three month of hand over, these occupancy stats were traced on two buildings of similar quality and facilities in Dubai Marina, while buildings having higher rate were only able to allot forty four percent possession to the tenants in similar timeframe.” The Dubai investment property market has set a new milestone around the world by constructing spectacular mega structures like The Palm, Dubailand, and Burj Kahlifa.
Buying an investment property will not just help you save the monthly rent of your house, but you’ll also be able to keep off the 30 % average rental increase every year. Buying, it is becoming quite a challenging task to sell or rent property in Dubai. Due to a rise in population and favorable conditions for investment properties in Dubai, the demand for homes Dubai and apartments has also increased. There are a lot of companies out there that can help you out with your requirements in Dubai. In fact you only have to tell your budget to the estate agent and they will come up with the best property in Dubai for you. Real estate companies in Dubai have an extensive database of the properties in the region. They will help you find your luxury home within your budget in the best areas of Dubai. For investors who have comparatively better finances real estate agents can help find an appropriate Dubai home in Downtown, Falcon City, Dubai Sports City etc.
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