The Dubai real estate market is a gold mine, that’s the reason why people are eager to invest in that market. It is obvious that when you step in a gold mine, you will find gold but there are some dangers of stepping in a mine. Real estate investment in Dubai is profitable only if you are following the right path. You will need to have some information about the market in order to gain profit on your investment. Working in this market without proper knowledge will be the same as diving in shark infested water without a shark cage. This blog will focus on helping investors maximize their investment.
Understanding the Dubai Property Market
The Dubai real estate market as I suggested earlier is a gold mine, you have a great number of opportunities to work on. The business is booming and there are lots of opportunities for the future. Let’s look at some of the current market trends and investment opportunities for the future:
Current Market Trends
Dubai is transforming, in the past decade dubai was developed as a tourism spot. However, the landscape is changing and the government is working to welcome businesses to the country. UAE is transforming into a business hub where investors are being welcomed through the D33 plan launched by the government of UAE. Real estate prices are rising due to these changing conditions.
Dubai isnt just welcoming business, it is also focusing on going green. Green development is being pushed to make the country environmentally friendly. Technological integration has also transformed the game. New houses are being built smart which means that luxury is being pushed to a different level. Dubai is transforming, so is the Dubai investment real estate.
Real Estate Investment Opportunities
Dubai Waterfront is one of the newest development projects in Dubai. The area around this project is currently the main attraction in the city. Investors are crazy to put their hand on any property around this area. This area will soon double the return on investment with high demand from the consumers. Rents in this area are skyrocketing providing the owners with the opportunity to maximize their investment by putting their properties up for rent.
JVC, JLT, JBR, Dubai Marin and Discovery Garden are some of the places where you can invest and get good return on your investment. These are good investments but Dubai Waterfront is currently the best real estate investment in Dubai. If you are willing to invest in Dubai and want a good return, you just need a little work on the market. Just find the property that interests you, learn about it and then take a decision on the data you have. Data is preferred because the decisions you make based on data are always profitable.
Tips for Maximizing Real Estate Investment
Investment in real estate is the same as drifting in the sea on a plank of wood, you can survive only if you know how to survive. If you are interested in investment, the first question you must ask is how to invest in real estate:
Conduct Thorough Market Research
If you are jumping in a new market or a new field, you must conduct a thorough research about it. A research that covers all aspects of the business, if you are researching investment opportunities in the UAE. You must know how profitable this market has been for investors and what are the current trends in the market. Read the expert opinions and base your next step of data you have gathered.
You must ask yourself the question: how can I invest in real estate? This question will help you alot, you need to find the companies that can assist you in finding the right properties and then help you manage them in future. The biggest prospect in real estate is the rental value of the property. You must research if the property you have been eyeing will retain its rental value in the future.
As much as a market grows, scams grow with it. The market is introduced with new scams every day. Sometimes people are sold properties which are losing their value at a lower rate. The investors are put under the bus and their real estate investment is turned into a huge loss.
Invest in Property Renovations
Some investors think that if they are spending money on renovations, the money is going in the bin. In real estate and especially in Dubai, a property only sells if it is in good quality. As they say, “what is seen is sold”. So, if you are thinking about real estate investment or have a property that is up for short term rental, then this is for you. If you are among people who think renovation will only increase the costs and don’t bring any return on investment, the data suggest you are wrong.
Dubai is all about luxury and luxury attracts first through eyes. If your property doesn’t look attractive, it will never feel attractive. So, if you are able to provide that feel of luxury to the customers, they won’t be going anywhere else. If you are an owner and don’t want to have this headache, we’ll transfer it to someone else. Smart Stay can assist you with the renovation and put you back in the market.
Optimize your Real Estate Investment for Rent
Optimize your property for rent, if you are a person who is using the traditional methods for putting your property up for rent, you are doing it all wrong. First you need to research your audience and that will be based on the area you are in and the rent range for your property. Once you have the information, next you need to make listings and optimize them for the search engines.
You will need to use images and use virtual visits to provide consumers and insight to your property. You need to maintain your listing and be responsive for any queries. Customers dont have time, they are eager when they are going out for tourism or for some business meeting and doing all of this isn’t possible for a single person. You will need professional help and if someone tells you that it is a waste of resources, well they don’t know the rate of return they can offer.
Role of Professional Services
Professionals have experience in the field and they have resources that can be helpful in maximizing your return on investment. If you are doing real estate investment in Dubai with rental gains. You need help from professionals that can maximize your investment and help you increase your gains. Zingo Smart Stay is a company that offers all of these services and much more. Contact Zingo Smart Stay to get started.
Zingo Smart Stay allows you to shift your burden their way, you just tell them about your property, give them rights and let them do their magic. They have a high occupancy rate by providing co-occupation services. The co-occupation has revolutionized the market by spinning your property to more than one customer for a smaller portion of the rent.
Conclusion
Your real estate investment can do magic for you if you do it the right way. You need to follow the right path to achieve success. Dubai investment real estate follows the rental prospect. If you are investing for the rental gain, you will need to work on marketing to put your property out there. It involves listing, social media marketing, SEO and much more. You always need to be active to put your property up for rent.
This is a lot for a single person and if you want to save yourself from all of this, you must hire professionals. Zingo Smart Stay offers services to such landlords, they allow you to shift all of your problems to their end. They have 90 to 95% occupancy rate in off season and charge way less than other companies in the market. If you are interested in maximizing your return on investment, you should connect with Zingo Smart Stay.
