Wednesday, January 7, 2015

Soon after the discovery of oil reservoirs in mid of 1960s, United Arab Emirates started exporting petroleum products to earn GDP. Initially, this territory emerged as largest oil based economy. Later with strategic planning and enthusiastic efforts of investors enable UAE to become business and investment hub in the region of Middle East. Especially, Dubai the second largest emirate among all seven showed exceptional progress in all sectors including business, trade, real estate and finance. The city also invested huge money to build up city infrastructure and real estate to facilitate residents.

Luxury lifestyle facilities, tax-free business and investment opportunities, negligible crime rate and progressing economy enable this city to gain the worldwide status of most desirable place to live or invest. Local and foreign entrepreneurs started considering investing in business and finance sectors in the city. Moreover, after the implementation of freehold property law, foreign buyers started thinking about investing in an asset market. Surprisingly, they find real estate very simple to invest and earn profits. There are number of ways you can opt to invest in an asset market. Real estate is a huge sector which is capable to offer several profitable opportunities for investors.  Among them, all apartments for sale in Dubai turned out to be the simplest way to earn profits.

Wide select of units which are available for sale, include serviced/furnished studios, classic, and hotel apartments. You can choose to buy the most suitable type to secure profits. Perhaps, you want to earn profits in long run. In this case, you should go for renting. However, if you are seeking to generate profits quickly selling on higher prices will be the right option for you. If you are buying any kind of residential property to generate earnings or profits, it will be different from becoming a conventional homeowner. As you are not actually living in your home rather you are renting or selling it to others.  Below I am discussing few major types of apartments available for sale.

Serviced /furnished apartments

They are ideal for those who want to generate regular income after renting their residential unit. Overseas investors can also avail this opportunity. Solid growth in the tourism sector has made it very profitable as people are flocking to Dubai throughout the year for multiple reasons. You will be able to generate fixed rental income with lower risks. As you are not renting your property for a long term, lesser paper work is required. No need to sign lease contracts. Letting will be same like booking a room in a hotel. Moreover, the occupant will not demand to for minor repairs and maintenance issues if there are any. Buying a serviced studio or furnished one-bed classic unit will be the best choices for you if you want to generate income on regular basis. 

Hotel Apartments

They are more like hotel suites, what make them different from traditional hotel rooms is that they allow an occupant to cook their food on their own and it’s not mandatory for them to avail room services. If they want to avail room services, they need to pay extra money for that. The major benefit of buying such units as investment property is that you don’t need to deal with tenants directly as such projects possess their own operating system of booking. But as you possess the ownership of the particular unit you can earn good money after letting it.

Whether you have opted to invest in serviced/furnished units or Dubai hotel apartments, there is always a good chance to earn profits. If you want to buy apartment unit in Dubai, it’s better to contact a reliable real estate firm. They will identify your needs and budget and show the most suitable units available for sale. 

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