Buy a Dubai property upto Dirhams 1.5 Million for a stable and profitable investment

  • Ashok Vaswani by Ashok Vaswani
  • 5 years ago
  • Dubai
  • 0

There are a large number of expats who have been living in UAE for many years and they continue to come.

It has been seen that expats traditionally seek to rent rather than purchase realty in Dubai.

In case expats wish to invest in Real estate in Dubai , pxpats should invest in property priced below Dh1.5 million, which is the most stable segment and offers best long-term returns, according to real estate market analysts.

“For a family that has money to invest, we would also advise to stick below Dh1.5 million price point, which represents the most stable market segment currently,” said Richard Paul, head of professional Services for Cluttons Middle East. “At this price point, even if the decision is to lease the property investment out, post-acquisition, a purchaser should expect a 7-9 per cent gross yield in some areas and subsequently after interest payment, service charges and upkeep, there is still good profit rent to be achieved.”

Read the full article in Khaleej Times

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