How To Take Advantage Of The Dubai Property Market

Written by Posted On Wednesday, 20 August 2014 14:31

Dubai continues to be one of the key places for property investors to enjoy equity and generate handsome profits. With investment topping Dh100 billion in the first six months of this year alone, there is little doubt that the emirate city is a leading light in the global property market.

As well as British investors, Indians and Pakistanis are tuning into the opportunities that are afforded by Dubai. In fact, over 100 nationalities have been drawn to its offerings, following the market’s recovery from its 2008 slip.

Speaking to Emirates 24/7, Sunil Jaiswal, Chief Executive Officer of Sumansa Exhibitions, explained that Dubai was most certainly back in the game. He said: “We had a big hiccup in 2008 and 2009, but we can very safely say that Dubai is very much back in the market. It’s mature and is definitely improving year-on-year.”

“Dubai is an international city and I think any investor around the world today should be taking note of Dubai as a place to invest because of the opportunities that lies here. It is among the few places in the world where you can get excellent equity growth as well as good cash flow,” he continued.

With this in mind, there are five key considerations that should be made when looking to invest in properties for sale in Dubai.

1) Market research

As with any investment, it’s unwise to dive straight in. The same rings true when seeking to purchase in Dubai. Even before you carry out our research in the city itself, it’s always wise to do some background reading on the internet before you come to a decision.

2) Choose the right developer

Different property developers will have different specialities, or cater to different needs. It is important that any dealings with property developers in Dubai are effectively thought through, and that you choose the right person or company for the property you desire.

3) Property price

One of the things that makes Dubai so attractive is its low property prices.

“You can buy a villa in the outskirts of Dubai for Dh3 million, which is half-a-million pound. What do you get for that price in London?” asks Jaiswal. The answer is, of course, not much. Property in Dubai is much cheaper, and therefore can be seen as a long term investment.

4) Negotiate

Even though prices are low, there’s no harm in asking. Try to negotiate a better deal for yourself; when the market is a little slower, you can save a lot on your investment outlay.

5) Take a risk

 

Although it’s important to prepare effectively, do your research and choose wisely, no investment property is entirely risk free. Follow the steps above to reduce your risk, but remember that you always have to embrace some kind of risk in all aspects of business.

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