In the recent past few years, the economy of the UAE has grown exponentially. Moreover, the real estate sector has tremulously developed, leading to an increment in many investment opportunities. For example, Dubai is a city that boasts of being an international business destination and a cosmopolitan destination to buy or rent a property. Every year investors flock in numbers to the UAE to invest in its lavish property market due to its connectivity to other commercial avenues in America, Europe, Asia, the Middle East, and Africa. Additionally, the industry experts have voiced their honest opinion that property investment is a fantastic option due to the valuable return on investment rather than keeping money in the bank.
It is vital to mention among the reasons that have led to the skyrocketing of property value in cities such as Dubai, and Abu Dhabi is infrastructural developments leading to a higher investment return. A good example is The Wholesale City, a free zone hub launched in 2016 at the cost of over AED 35 Billion. The hub boasts of hosting a wide range of brands from renowned firms offering services such as insurance, shipping, customs, banking, and many others. The launching and opening of the World’s tallest building, Burj Khalifa, saw an increase in tourists’ number, which positively affected the real estate industry. As a result of this magnificent project, neighboring towns such as Jebel Ali and Sharjah gained much progress to become destinations for residing. UAE’s state-of-the-art International Airport is one of the fastest-growing airports and is also on the ranking as one of the busiest airports when referencing passenger traffic. For this reason, both foreign and local investors traverse the county efficiently. Moreover, the cities are connected by vast superhighways, making people’s movement from their homes to workplaces a lot easier.
The ongoing debate among many people in the UAE is whether to work in larger emirate cities like Dubai and reside or possibly buy a property in Sharjah. In addition to this, one would prefer renting a Sharjah Villa, which is relatively cheaper than renting in Dubai; you will only have to bear with a longer commute time. As much as this is a long-overdue debate, the ultimate best decision is to have the best of both worlds; to work in Dubai and live in a Sharjah Townhouse. Many professionals and expatriates prefer Dubai due to the ease of securing a high-end job and the opportunity to experience a lavish lifestyle. Moreover, the nightlife is usually popped up by the thousand banqueting options from eateries serving cuisine from all over the World. However, if you are the type to critically consider cutting on costs, then taking a Sharjah Apartment will go on a long way to achieve your financial goal.
Conclusively, potential investors looking forward to venturing into UAE real estate business should have these three crucial points in mind. Firstly, you ought to consider the property’s location, which directly affects the property’s value. Secondly, you need to get your financials in order since such an investment requires a substantial amount of money. Thirdly make sure you understand the current market conditions and trends. Do excellent due diligence on the market trends while seeking guidance from an expert. It is beneficial to go through market reports to get several informative tips on emerging and future conditions.