Dubai is a great place to plan a weekend getaway or party with friends. With the amazing architecture, cuisine, and simple culture, Dubai makes an amazing place to be. However, not many know that the real estate market in Dubai is at an all-time high now. This only means that investing in a property right now will give you exceedingly better returns.
With the variety of topography that Dubai possesses and the many things to do, buying a property in Dubai is an excellent idea. However, the common question a homebuyer often asks is whether they should invest in an apartment or choose a villa. While this debate is endless, there are a few points that make villas the better option. Here, in this article, you will learn about why investing in a villa in Dubai is a better option than an apartment.
Greater Return on Investment:
One of the first reasons why you should consider buying a villa in Dubai is because of the higher returns it offers. When compared to other global cities, Dubai’s real estate market is rising at an eccentric rate.
This only means that in 5 years’ time, the properties you are looking at now will cost more than double its rate, making this the perfect time to invest. Even if you are not looking for an apartment and want to buy villa in Dubai, you can rent it out. Many tenants in Dubai are looking for a low-maintenance property, which makes villas the perfect choice.
Better Privacy and Lower Maintenance:
Villas are a great option if you want to downsize your properties owned, but upgrade your lifestyle, especially in Dubai. There is no denying that the lifestyle in Dubai has a lot of incentives, more so for the residents here.
However, if you are looking for a relaxing environment with scenic views, whether for your retirement home or just a holiday property, a villa is ideal. It does not require much maintenance and also provides you with greater resale values. In addition to that, you will also be able to get your privacy and security, which might be hard to find in a large complex.
Ideal for New Homebuyers:
There is a common misconception that buying Villas is more expensive than buying an apartment in Dubai. While the locational benefits, as well as the make and special qualities of the properties, matter, it is seen that villas are comparatively a better investment for a first-timer. Villas are a great way to enter the real estate industry. Not only do they offer better resale and rental values, but is it a great option for people looking for accommodation as well.
Although these are all points in favour of a villa, it is very evident why villas are the better option. If you have the time and the money, you should not delay your option to buy villa in Dubai. That being said while finding a villa can be easy, going through the rest of the procedure of acquiring the villa can be quite stressful.
Difference between a Ready Property and an Off-Plan Property
Investing in both off-plan and ready properties has their benefits and disadvantages. It mainly depends on the risk appetite and financial situation of the buyer. However, knowing the pros of each can help you make a better decision.
Pros of Buying Off-Plan Property
- Off-plan properties can offer you better price advantages as they are priced significantly less than completed properties.
- For off-plan properties, you have to pay a lower down payment of 5-8%, while ready properties require 25%.
- Off-plan properties offer several flexible payment plans.
Pros of Buying Ready Property
- You will get a completed infrastructure at prime locations.
- You can immediately start earning from the property through rental yields.
- Prices mainly depend on market conditions, so you can expect a huge discount if the market dips.
This is when hiring professional services like EverHomes is a good idea. They have the required experience to find your properties as per your requirements in Dubai. In addition to that, their professionals have prior experience and have all the necessary abilities that will make your purchase a good and easy one.