A Guide to Luxury Home Investment in Dubai

Luxury real estate is highly sought after by wealthy global investors. This is because it is considered a recession proof venture- it is not sensitive to economic fluctuations because of the type of tenants attracted to it- moneyed people with a taste for grandeur. Luxury homes for sale in attractive destinations attract global investors.

Dubai has become the favoured destination for luxury property investment. This is because of the high-quality of real estate and the scope for an opulent lifestyle for both residents and expats. Dubai is not only a global hub for business, but it is the also a land of superlatives, home to glitzy nightlife, luxury cars and seven-star hotels for all those who wish to blow away cash.

Benefits

Here is a guide to why you should invest in luxury property in Dubai:

• Unique

Dubai holds a unique position in comparison to other destinations around the globe as a top business, leisure, shopping and travel hub which attracts all kinds of expats and tourists. It is particularly enticing for those who seek a sunshine filled holiday or to attend leading conferences and exhibitions or simply to those pursuing a luxurious and indulgent lifestyle. The tax free status of Dubai is always an attractive factor for rich investors and those seeking relocation to a tax free haven so that they can garner maximum returns from their investment.

• Top global city

Apart from Singapore and London, Dubai consists of the top 3 global cities, which are most attractive for high-net-worth individuals (HNWI), as per a report. Another study noted that a cosmopolitan lifestyle is one of the major factors which impacted the attraction for destinations of real estate investment in the Middle East, particularly Dubai. Reports placed Dubai high in rankings for preferred locations for HNWI’s, with 8th global position in 2015.

• Well priced and positioned

Dubai’s luxury real estate is becoming a highly popular investment destination for global buyers with a shift in demand in evidence even as more clients search for this type of property. As per a report, in 2014, over 13,800 transactions were carried out in the sector of luxury property which was valued at AED 10 million and more.

• Foreign buyers

Luxury real estate attracted many international investors with Dubai government figures revealing that this sector enjoyed the second-highest spurt in rental values in the last year. In 12 months closing in end of 2014, rentals rose up by an average of 8.1%. It has been noted that luxury property in the Emirates resists downward pressure from the rest of the market.

It is noted that HNWI’s are happy to pay a premium for getting luxury living space they like. Crucial factors are amenities, specification, size and location which determine what they are willing to shell out for a pad in the sky.

Dubai is famous for its capability to deliver global standards of master plans and infrastructure from the Burj Khalifa to the Palm Jumeirah, which are examples of iconic constructions. One of the hottest properties includes Palm Jumeirah villa for sale. Prospective buyers are looking for high-end properties that match their lifestyle.

Things to Consider Before Buying Your Dream Property

Buying a house or a property is one of the most important decisions you make in your life. The investment is big and you are going to live there with your family maybe for the rest of your life. Therefore, before you make a big investment on palm jumeirah villas or anywhere else, you need to keep a few things in mind.

The most important thing that you should consider while buying a house or a property is your preferences. It is important to figure out- where you want to live? Is the place well connected with other parts of the area? Or are there good schools near your property for your kids? These and other such important questions should be answered well before you make any kind of big investment. Although, there are endless factors that you need to take into account while investing on a property, we cherry pick the most important ones-

• Getting in touch with a trusted realtor – While you are looking out for properties like Vila Dubai Palm Jumeirah, you should get in touch with a good realtor. The realtor knows in and out about every property and can guide you accordingly. However, make sure you approach a trusted realtor only. There are plenty of frauds in this business, so you need to be watchful.
• Contract is extremely important – Remember, when you are buying a property, there are papers to sign. And then there are more and more and more papers to sign. This paperwork that seems routine and like a formality is the base on which the entire success of your investment stands.  Read all the documents to the letter. Take help from your realtor to understand about the clauses of the contract so that nothing gets missed out on.
• Do not buy the property for today; buy it for the future – Wondering what it could mean? Well, buying a house should be a long term commitment. Therefore, you need to make your own choice. If you are planning to buy your dream house, then think about your long term plans. Will you be able to pay for your mortgage depending on the market value? Are you going to stick to your current job? Are you getting married sometime soon? Having kids? These things should be considered first before you plan on making any sort of big investment.
• Weighing pros and cons– It is not possible for you to make investments on high-end property over and over again. So, if you are planning to buy a luxury house, make sure it is the best available in the market within your budget.
• Buy the property when you can afford it – Buy a luxurious property only when you can afford it. Consider your income sources well. Also, go through your papers multiple times before making the final decision. Being cautious in this case will always help.

These are a few things that you should keep in mind while buying a property. Next time you are planning to make a big venture, remember these points.

5 things to check to know if the villa is tailor-made for you!

Buying a new house is always overwhelming especially when it is a luxurious villa in Dubai. When you are investing so much money into a house, you need to make sure it is the perfect one you’ve been wanting or searching for! When finding a villa Dubai palm Jumeirah area, it is a must to shop around to find the one that is tailor made for you. How can you make the decision and whether this is the house? Well, here are some tips and ideas to do so: -

1. Area: You need to check the area of the villa. We are not just talking about the surroundings but also the square foot you get of the house. You are paying a good amount for the villa and if the rooms are not as you expected or big enough like advertised then there is no point in putting your money. The advantage of living in a villa is tons and tons of space inside the house!

2. Interiors: You can always change the interiors and work on it but are you happy with the pillars, extra wall, passage and the layout of the house? Does it call out to you and do you find it appealing? Will it fit well with your furniture pieces? If all the answers to these questions is no, you can just shop around for other choices.

3. Damages: Check the villa thoroughly to see if there are too many damages or some major changes that you will have to make. If you’ve wanted a pool and it is missing from the garden plus there is not enough space to put a pool, you know this house might not be made for you. Besides this, examine the ceilings, pipes, check the basement, garage, attic and every small or big corner in the villa to get the perfect deal.

4. Price: Is this villa worth the money? Are you completely satisfied with how it is? Does it match all your criteria’s? If yes, you should go ahead and get the entire palm Jumeirah villas prices from your realtor to narrow down the options. You will be applying for mortgage for the house, and if you think it worth the money; that means you’ve found a tailor-made house!

5. Safety: This is a must when you are house hunting villas in the city. You need to make sure you are living in a safe location and there are cameras, fire alarms, extinguishers along with other things you require during emergencies is in the house or has a spot for it. Other than this, check the neighbourhood and talk to the previous owners about any noise problems or dangers during the night time in the area. It is better to be safe than sorry!

If you want to spend your money economically on the perfect villa in Dubai, you should screen every property with these 5 aspects to make the right choice. Trust us, this always works and will make your job easy.

Factors to Consider While Searching a Villa in Dubai

Finding a comfortable property to live is what you want in Dubai. And thankfully, the luxury properties are available for you here. All you need to do is pick the right option among the villas for sale in Dubai.

Hence, in this article, you will get to understand the factors that can make the property search easier for you. So, check out these points and leverage them to the maximum extent for a successful property purchase.

1. Your budget

First of all, you should decide a budget for yourself. Budgeting will help you filter all the options that you don’t want to waste time with. Ultimately, the time of the search will reduce and you will come across the right properties.

However, it would be better to keep a range of budget rather than sticking to a fixed price in your mind. A fixed price can limit your choices and many valuable deals can slip from your hands. On the other hand, a particular range of budget will make it easier for you to keep your options open and search for the multiple properties.

2. The platform

The platform you choose to find the properties also plays an important role. If the agency doesn’t have the valuable varieties of properties, then, your options get limited to a great extent. Hence, while choosing a platform, it would be wise to make sure that you will achieve multiple choices to pick from. Also, make sure that the agency is able to provide additional services for your comfort and settlement.

3. The location of the villa

The location matters a lot in order to ensure the satisfaction of purchase. If the locality doesn’t suit your lifestyle, then, you won’t feel happy living in the mansion, no matter how luxurious it is. So, it is a must that you inspect the locality and ensure that the surroundings of the property have everything that you desire.

4. Number of rooms

The number of rooms in the villa is also an important factor. You have to have enough rooms for your family members and guests as well. Also, if you like to host functions occasionally, then, the availability of enough rooms becomes a necessity. So, keep the room requirements in mind while picking an option for you.

5. Furnishing

Every person has a unique personality and his or her house represents that personality. So, when you are in the search for a luxury real estate for sale, make sure you look at the furnishing. The furnishing should be able to suit your personality and has all the elements that you desire to have in your villa. If not, then, you can redecorate the property according to the vision you have in mind. But this will add to your budget. So, keep that in mind as well.

Remember that the searching phase is the most important part of buying a property. If you can spend proper time in searching, then, the best and the most suitable choices will appear in front of you.

Things to look into before buying a house

Buying a house may seem like a stressful event. But, it is the case only when you are not rightly prepared for it. With proper preparations, you can buy the house of your dreams at the price that you can afford. All you need is some smart thinking and quick action. There are many Dubai houses for sale, so keep your eyes open and grab the best opportunity.

Here are some tips to make the most out of your house purchase –

• Be prepared with all the research about the property. Know about the seller, property, its market value and other things that determine its rate. With some strong knowledge about the house, you can come up with your own bargain and strike a profitable deal.
• If you know the seller, then the deal is going to be smoother. So, it’s important to know who the seller is and the reason for the sale. If the seller is in urgency, you can make the most of the chance.
• Learn to negotiate. It is important that you bargain a bit in order to save a few pennies. But, in order to not lose the deal, you should know where to stop. Be smart and bargain reasonably.
• When you plan for the purchase, look if there is a recession down the corner. At economic distresses like these, you can get a fair deal at a surprisingly lower rate than you imagined. So, always have a sound knowledge about your countries economy.
• If you are buying the house on mortgage, you must be alert about the bank charges. Try to strike a deal when the banks are offering the best loans.
• Though you may be living in a different city, make sure you personally visit the house before the purchase. And if you cannot visit it, make sure that one of your friends or family members do it for you. Never purchase a house without seeing it in your eye.
• You must look at the age of the building. How old is the house? The older the house, the lower your paying for it. Also, make sure that even though the place is old, it is strong enough to stand for another couple of decades.
• The location of the house is very crucial. Always find a house that is located in a quite locality and is close to necessary places like transportation, grocery shops, hospitals and schools.
• When you are buying a house, especially in a gated colony, you must ask if there are any service charges. If yes, if they are monthly or annual. Most of the gated localities collect annual maintenance charges in order to keep the roads, gardens, pools and other areas clean. So, know how much you will be paying every year and if you can afford it. If you do not want an unpleasant surprise, you should sort such things out in advance.
• The quality of the house is also very important. Know what are the materials used to make the walls, ceiling, and floors of your luxury real estate Dubai house. Check the interiors of the house to see how authentic the wood and other materials used are.

With all these things sorted out, you can now buy your house happily. 

How buying a luxury house in Dubai help you!

It is a no-brainer as to why people invest in luxury property in Dubai. But, if you are smart, you can get great returns on the investment you make. Here are a few reasons why you should buy a luxury house in Dubai and how you can make profits with that property: -

1. High standard of living – Want to visit the world’s tallest tower? Want your window to open to a beautiful scene? Well, Dubai is the right place to stay at. There are activities like diving, water sports, desert safaris, sailing, golfing and much more in the city. There are several luxurious hotels and eateries around the entire city plus if you have a luxurious house here, you automatically are said to be quite a personality.
   
   
2. Outstanding infrastructure – The houses in Dubai have incredible infrastructure! You will be stunned to see each and every villa in the city. They have modern amenities as well as unique designs that are not to be seen anywhere else in the world. When checking for Dubai houses for sale, make sure you go to properties in areas like Jumeirah, Marina and Palm Beach.
   
   
3. Secure – Yes, living in Dubai is completely safe for someone alone or with a family. You will never have issues with your surroundings or experience any crime scenes. The city has strict rules and regulations that everyone must follow plus police cars are always roaming around to keep a check. You can contact emergency help at any time when you need to.
   
   
4. Less paperwork – The first three reasons are enough to tell you why you should buy a house in Dubai but if you need another reason then you need to know that the paperwork when buying property is quite less here. You don’t have to have to roam with a pile of documents or keep so many at home.

How you make profits: -

1. Renting it out – Now that you have gotten yourself a luxury house in Dubai, you can put it on rent. A ton of tourists and visitors come from around the world who want to stay in big houses for a few weeks or a month. The UAE real estate market is doing well and you will get a good amount of rent for your luxury house. You can totally put your house on apps like AirBnB for a few days and make good income out of the investment when you are away.
   
   
2. Resell value – With the rise of real estate value in the country, the resell value of houses keeps increasing. So, if you wish to sell off your house for some or the other reason, you will get incredible return on investment. If you have renovated the house recently or added a bathroom or pool in the garden, the price of the villa will be higher than expected.

So, what are you waiting for? Get a property in Dubai today and change your investment game. Live in a lavish house with all the perks.