Two Different Communities Where You Can Get a Villa for Sale in Dubai
As a landlord, there are different types of property that have different prices. With these prices come decisions that you must make. For instance, are you looking for a property that you can lease and will make you a quick profit? Do you want to pass the property down through generation to generation so that each generation prospers from the value of the property? Are you looking for a long-term commitment to your property so you can get a good return on investment?
One such property that is expensive are villas. In Great Britain, the United States, and Europe, villas are typically in short supply. The closest equivalent to a villa in the United States, for example, is a mansion, and only the wealthiest people live there. Villas in European countries, therefore, may not seem like a good investment to you.
However, in Dubai, there are many villas for many different people. If you are in the middle class in Dubai, you can afford one. As a landlord who might like to turn a profit over a long period of time, villas are a long-term, strategic asset that will either need to be sold to make a profit or will profit after a long-term commitment.
If managing a real estate portfolio on top of your reputation as a landlord sounds intriguing to you, read on to discover two different communities where you can get a villa for sale in Dubai.
Dubai Residence Complex
The peaceful, gated community of Dubai Residence Complex is known for its relaxing lifestyle and modern living. Villas for sale in Dubai Residence Complex are known for their modern facades and high-quality finishing. The standard villa in Dubai Residence Complex has 3-4 bedrooms and 3-4 bathrooms and comes unfurnished.
A typical villa for sale in Dubai Residence Complex has a barbecue area, guest bedroom, laundry room, maid’s room, a pantry, and storage room. It also has either a closed kitchen or an open kitchen with a breakfast counter. Finally, it comes with a private garage.
The neighborhood of Dubai Residence Complex has retail outlets and a clubhouse. Those who enjoy sports will like the basketball court, football pitch, and other sports facilities. Children will enjoy the parks with playgrounds. Those who exercise will enjoy the cycling tracks and walking trails. Finally, mosques will serve the religious needs of the residents.
Real estate brokers in Dubai Residence Complex also have special deals for those interested in purchasing a villa. First, because the villas fall within in the Dubai Land Department, there is almost always a 2% discount. Most realtors offer a 5-6-year payment plan, which consist of 50% payment during construction (in any) and then 50% payment for 6 years. Some brokers also offer a waiver for service charges for the first five years. Still others charge no commission. The handover of villas under construction will happen at the very earliest by 2023.
A villa for sale in Dubai Residence Complex costs between AED 1,250,000 and 1,599,000, while tenants can expect to pay between AED 63,000 and AED 240,000 annually and will likely be from the middle class to the upper middle class. To make a return on investment with rent payment only, it will take between 19 and 25 years for properties with the lowest rent, and between 5 and 7 years for properties with the highest rent. Thus, the more you can charge in rent, the shorter it will take to make any sort of profit. Villas here are good for both short term and long-term investment.
Al Furjan
The vibrant community of Al Furjan has modern villas for sale that are known for their parquet floors, upgraded bathrooms, and luxurious finishes. The community is near the main roads of Sheik Zayed Road and Mohammed Bin Zayed Road, as well as the Al Yalayis and Al Asayel Streets. It is also near the Discovery Gardens community. The standard villa in Al Furjan has 3-6 bedrooms and 4-7 bathrooms.
The typical villa for sale in Al Furjan comes with a barbecue area, a maid’s room, family halls, and a lounge. The fully equipped kitchen comes with appliances. Built-in wardrobes and central air are also included. Finally, there is a private garage and private swimming pool.
Tenants in Al Furjan will receive an automatic sprinkler system, CCTV, and a water heating system that is powered by solar energy. The community of Al Furjan is home to a gym, a park, and a shared swimming pool. The area is also served by public transportation.
Landlords can sometimes purchase villas that current house tenants. The average cost of a villa for sale in Al Furjan is between AED 2,000,000 and AED 3,700,000, while tenants can expect to pay ren between AED 110,000 and AED 220,00. The tenants will likely be expatriates and upper-class citizens of Dubai. For properties with low rent and with rent payments alone, a landlord can expect to make a profit within 18 to 33 years, while a landlord that charges a high rent can expect to make a profit within 9 to 16 years.
Conclusion
Both Al Furjan and Dubai Residence complex are good for both long-term and short-term investments. Dubai Residence Complex caters to the middle and upper-middle class, while Al Furjan caters to the upper-middle class as well as expatriates.
