TOP 6 FEATURES OF A PROFITABLE RENTAL PROPERTY
If you’re looking for a nice place to live in Dubai, there’s some stuff that you should consider before deciding between some amazing places like the Marina Vista apartments on Emaar Beachfront or Bluewaters residences by Meraas on Bluewaters Island.
That’s why you need to get to know some of the features that make a property both profitable and remarkable, such as security and others.
As you may know, real estate is a tough field, so here are some features you should think about and may help you work things out by making a great investment on a great profitable property.
1: THE NEIGHBORHOOD
The location is just the first the tip of the iceberg but is one of the most important features to consider when planning to invest in a new property.
Whether you like the Emaar Beachfront, Downtown Dubai or Bluewaters Island, each one of them has its own features that may be what you need (or also what you don’t).
A good, well-known residential area or neighborhood will benefit you today and in the future by keeping your property attractive for future buyers or tenants.
2: A SECURE NEIGHBORHOOD
Another thing that you have to check is the crime rate in the area you’re planning to buy. This is a key feature when it comes to investing: you should make sure that your property is located in a safe location.
3: A GOOD RENTAL RATE
Something that you need to understand as an investor is the rental rate among the area you’re interested in. This could help you a lot in making your decision, resulting in a better investment.
You should take a look at rental features like average rent, where will the area is going to be in future years and the amount of rent you would receive once you’ve invested.
If the property you’re looking to invest in has basic public amenities such as gyms, cinemas, malls, and others, this can attract lots of renters and buyers; it would give your property a high value.
5: TRANSPORT FACILITIES
An adequate transport system also has a significant role when you’re planning to invest in a property. Experts say that rental real estate business will only do well in areas with adequate transport.
6: FUTURE DEVELOPMENT
If there are many future projects going up in the area you’re interested in like residential properties, parks, businesses, malls, and others, there’s a chance, for sure, that the area has a good growth rate and it’s a probably a good idea to invest on it.
In conclusion, when you plan to invest on a property for rental purposes, you have to take a look to all kinds of features, ranging from the big scenario, like location and security, to others like rental rates and amenities.
Once you make sure the area and the property are profitable, you’re ready to invest.