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The Pros and Cons of Short Term Rental

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If you have a property lying idle for quite some time, and you are not able to put it up for long term rental, you have the option to rent it out on short term basis. Short term rental is a well-known type of property investment, in which you rent your property for shorter periods ranging from few days to several months. But before putting up your property for rent in Dubai , you might want to first check out the pros and cons of short-term rental. Here are some insights: Pros of short-term rental Prime benefit of short term rental is that it provides flexibility to the owner in terms of choosing the time & duration for rent. It is also very lucrative as the owner gets to decide the prices according to time of the year, demand and property type. Dubai is a busy metropolis. It attracts a lot of visitors and tourists all year round. If you are planning to offer your property for short-term rental, you can target business professionals, families, and individual...

Calculating your Real Estate ROI

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Let’s face it: every investor would like to get the highest return on investment (ROI) from their Dubai properties . Real estate investments are sizable and when you make an investment, you want to make sure it turns out a profitable one. There are two main ways to earn as a property investor. Depending on your needs, budget, financial situation, and preference, you can choose between rental yields or capital gains. Rental Yields As the name suggests, rental yield is the income you obtain from renting your property. The higher your rental yield, the easier it is for you to cover operational costs, mortgage, and property management fees and still get something left for yourself. So, how can you calculate your ROI on a rented property? It is not that simple since there are certain variables that you can choose to include or exclude. There are also other factors that may come into play that would affect the accuracy of your ROI calculation. In its simplest sense, R...

Finding the Perfect Home in Dubai

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There is a variety of housing types available in Dubai and it can be overwhelming for a house-hunter. The most popular  Dubai property  type is an apartment.  Apartments for sale  or rent can be of many types – Penthouse, Duplex, Studio, Loft-Style. Dubai also has townhouses or multi-storey houses attached to each other. Finally, you can also live in an independent villa and detached from other houses. Living in any of these housing types has pros and cons: Location Majority of apartments in Dubai are highly accessible and strategically located within the heart of the city. It provides the convenience of getting to work quickly and reaching establishments in short distances. With most apartments located in high-rise buildings, you will have high chances of getting better views of the city and access to Dubai’s extensive public transport. Villas are usually in master planned gated communities located at the outskirt of the city, away from the bustle an...

Creative Ways to Make Your Villa Marketable

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In UAE, whether you want to rent out your villa or sell it, it is important that you make it as presentable and attractive as possible. There are just too many  Dubai properties  in the market today and competition is very fierce. It is therefore very important that you make an effort to improve your villa’s marketability. But doing so does not have to be expensive. Here are some ways in which you can maximize the return on your investment at minimum cost; Start with exterior The first impression is all what really lasts. You only have a few seconds to capture your client. Aesthetically pleasing exterior is what would make your property stand out from thousands of  villa for rent in Dubai . For this reason, you must improve your villa’s external stare. Maintaining garden beds, keeping trees trimmed, mowing lawns, and cleaning pathways are just among the inexpensive ways you can improve your property’s look. If you have the extra budget, you can add paved drive...

Facts About Dubai's Bluewaters Island

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Bluewaters Island is an AED 8 billion master planned development built on man-made land 300 metres away from the Jumeirah Beach Residence coast. Since the beginning of its construction last May 2013, it has left investors and tourists in great anticipation of its completion due to the residential, hospitality, leisure and entertainment attractions it will offer. The recent opening of Bluewaters Island was a huge event in UAE as it also launched Dubai Eye or also known as Ain Dubai, the world’s largest observation Ferris wheel which stands in the island. Dubai Eye is about 210 metres and it provides a 360-degree view of the surrounding areas. The Ferris wheel has 48 capsules, which can accommodate 1,400 passengers. Caesars Palace Bluewaters Dubai – the world’s second Caesars Palace and The Wharf that features 132 retail and dining outlets in low-rise structures add life to Bluewaters’ island living. There are many big developments to soon launch in this island. Bluewa...

How Does Property Valuation Work

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Understanding the basic methods of determining the value of a property can let you earn more and save you a lot of headaches. So, how can you be sure that the price of a property represents the market value? First, as a landlord, you have to be aware of the market trends from reliable sources. Secondly, find a property expert who’ll be your reliable partner throughout the whole process. Real Estate professionals provide a property valuation service which will help you determine the value and price of a real estate in Dubai based on different factors such as: ·          Location – Being close to commercial establishments such as schools, shopping malls, prominent landmarks, hospitals and public transportation initially dictates the value of a community and properties available within ·          Age – Land appreciates in value, but not the structure standing on it. Generally speaking, the olde...

Leasing your property as a holiday home rental

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With Dubai aiming to welcome 20 million visitors by the Year 2020, more real estate developments are being built. Investors are taking advantage and start buying  Dubai properties  to turn to an income-generating asset. Most of the residential  real estate in UAE  is leased out for a long-term period but nowadays, short-term letting or holiday home rental is gaining popularity. As Dubai continues to attract high tourism demand, the number of vacation homes will likely to significantly increase in the coming years, says Airbnb, the biggest portal of holiday homes. Dubai’s Department of Tourism and Commerce Marketing (DTCM) classifies a holiday home as ‘a furnished accommodation which is rented as a whole unit on a daily, weekly, monthly or annual basis without the issuance of an Ejari regulated tenancy agreement’. So if you are a property owner who often travels abroad or considers Dubai as the second home, turning your property into a holiday home can be ...