If you are a landlord looking to invest in villas for sale to lease to tenants, you should consider purchasing villas in Dubai. If you are an investor looking for locations to invest in Dubai, you can find two selling points of villas for sale in Dubai Marina that are super beneficial.
This is because of three reasons. They are because of the types of tenants you will attract, the time it will take to make a return on investment, and because of the ways that you can attract tenants to your villas.
The Three Reasons Why You Should Consider Purchasing Villas in Dubai
First, in Dubai, villas for sale will attract two main groups of tenants. The first will be citizens of the United Arab Emirates (UAE), or Emiratis. The main currency that Emiratis use will be the dirham (AED), the currency of the UAE. Emiratis will be from at least the upper-middle class. They will use villas to raise families in a secure, often gated, neighborhood.
The second group of tenants that villas for sale will attract are expatriates. Expatriates come from predominately Western countries, such as the United States, England, as well as from the continent of Europe. Their currencies – the US dollar, Pound Sterling, or Euro – perform well against the dirham, which makes this group of tenants wealthier than Emiratis on average. Expatriates will often move to Dubai to retire in a secure, often gated, community.
Second, the time it will take to make a return on investment will vary. A simple way to calculate the minimum amount of time it will take to make a return on investment through rent payments alone is to divide the price of the villa for sale by the annual rent to be charged. That will tell the landlord the minimum number of years it will take to make a return on investment through rent payments alone. If this time is too long, then a landlord can renovate and upgrade the villa they have purchased and sell it at higher price and “flip” the property.
Finally, each area of Dubai has its own selling point. For instance, Downtown Dubai is known for its nightlife and socialization opportunities, while Palm Jumeriah is known for its beach access. It is these selling points that will ultimately help tenants decide whether to rent your villa or not.
If you are a landlord looking to purchase villas for sale and lease them to tenants in Dubai Marina, read on to discover the two main selling points of villas for sale in Dubai Marina.
Marina Berth
While some Emirates and expatriates will not be the wealthiest tenants in Dubai, the marina berth is essential for leasing out more expensive villas for sale. One of the best ways to show that you are wealthy is to have a status symbol, and one of the best status symbols that says you are wealthy is a yacht or other boat. A marina berth, therefore, allows the wealthy to flaunt symbols of their wealth.
Marina Promenade
Many Emiratis and some expatriates may be younger and have families when they decide to move into a villa. Younger tenants and families will, therefore, enjoy the Marina Promenade, which is a boardwalk lined with retail stores and restaurants. It is a very convenient and exciting place for tenants and their families
Conclusion
A landlord must consider the type of tenants that the villas for sale they purchase will ultimately attract. In this case, villas for sale in Dubai will attract Emiratis and expatriates. A landlord must also consider the time it will take to make a return on investment on a property as well as the selling points of the neighborhood. The two selling points of Dubai Marina are a marina berth and the Marina Promenade.
If you are a landlord looking to invest in villas for sale in Dubai Marina, you should emphasize the marina berth and Marina Promenade to potential tenants.