Rental rates increasing
The pivotal factor here is that each and every individual, couple or family arriving in Dubai needs decent enough accommodation at the locality, which is near free trade zones, shopping malls, business areas and airport. Due to this demand, rental rates and property prices in Dubai is increasing.
New projects on hold in Dubai
Real estate prices in Dubai are also increasing because of severe construction delays. There is also tremendous shortage of construction workers in Dubai and with prices of building materials also increasing appreciably; lots of new projects are on hold. Initial signs are that supply is not about to flow into the market in the near future and therefore the profitability of the completed stock is bound to increase.
Good location
Recent studies has come to the conclusion that real estate investors who are interested in good performing property assets in Dubai require to purchase completed stock in a good location. By good location, one means the kind of location, which is not feeling the brunt of commuting issues. You may have heard in various newspapers and websites that commuting is fast becoming quite a serious issue in Dubai. If you manage to come up with a good location, then only real estate investors can be assured of brilliant returns this year and beyond.
It has come into the notice that investors have been making brilliant profits from buying properties off plan in Dubai. If experts are to be believed, investors are just paying a deposit before flipping the incomplete units back onto a market where there is lots of demand for such kind of property stock.
