|
Residential property in Dubai - apartments,
townhouses and flats are the most popular form of investment in property
amongst property investors in Dubai it's one of several property investment
alternatives available in Dubai.
Others include offices, commercial property (like storage facilities)
and retail property. Investors in Dubai who can't afford to buy their own
office block can also chose from various property trusts in Dubai that invest
on behalf of many people.
Commercial and residential
property in Dubai often produces similar returns. But while most
prospective property investors in Dubai have undertaken their own home
financing and can transfer this experience to similar housing, it is unwise to
believe that other property investments in Dubai have similar characteristics.
If you are venturing outside housing in Dubai for the first time for investment
purposes, make sure that you understand the details of the Dubai Property
market and obtain expert property consultation when necessary.
Most Dubai investors handle their property
management through a real estate office. Most real estate offices in Dubai
provide an excellent service by marketing for tenants, arranging for rent to be
collected, fixing minor repairs and providing a useful summary at the end of
the year - but they usually charge between 5 and 10 per cent of the annual rent
for this service.
Many property investors in Dubai decide to
undertake these services through a real estate company, they can however
undertake these tasks themselves. But the call upon them, at possibly extremely
inconvenient times, can be a heavy cost. In particular, if their tenants are
turning over frequently (or are likely to so do), or if their particular
segment of the rental market is prone to unusual competitive pressures (good
and bad), the commission spent on a property agent in Dubai might be a sound
investment.
|
