For starters, a very critical success factor in the real estate terrain of Dubai is knowing where the juicy deals are and investing in those places. That is the only way not to invest amiss.
Experts have commented times without numbers that the correct investment must be in the right proportions and with significant positioning – Read more on the official website. So, where are the intriguing places that people go to?
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Why this question is important
These intriguing places converge crowds, and as the crowds gather around, they come with express monies to spend and life to exude. Having a property close to these intriguing places is a great way to start your investment journey because it will bring in quality turnovers – the same thing can be said about people running businesses in the food and hospitality sectors, etc.
Markers of success – area guide for Dubai real estate
The markers of success that are now under consideration are those that are rarely considered in recent times. Buyers are quick to analyse projections on the new market terrain, and while at it, they tend to look at the complex and challenging stuff. Of course, those complex ideas may impact the trends of the market and cause an increase or decrease in business; however, there are specific smaller tips and issues that could make a significant improvement in businesses across the city of Dubai. Following these seemingly small tips can be a game changer in the business! So, what are these markers of success? They can be summarised into the following:
- Nightlife bars and lounges
- Beaching and swims
- Malls and recreational centers
Read more to see how these markers affect real estate in Dubai for expats.
Nightlife bars and lounges
No one is ready to talk about the powerful impact of nightlife bars and lounges, especially in prime areas of Dubai town like the Dubai Marina, the Jumeirah Village Circle, etc. They are life givers to communities and areas. If you are eyeing business in the real estate sector for rentals and for quicker turnover, being close to a night bar and lounges and placing your ad in an accessible spot is the best way to go.
You may be wondering why it is a great bet to have properties close to lounges and an active nightlife. Experience has shown that when rightly positioned, it is one great way to make hotel-like turnover while running a rental. These areas, first of all, do not lack attention as people flock in and out, and when it’s late at night, they practically need somewhere to chill off, at much lesser costs, and if tourists are your target, they wouldn’t mind the more affordable already furnished apartment for a few more days.
More so, should you, as the homeowner, decide that you need to crash over at the place, you’d have enough locations close by to de-stress. On the note of nightlife, you should be careful of outside noises late at night because this could be a dissuading factor since no one would like to live in a place with too much nightly distraction – it could be easily considered a nuisance.
Beaches and pools
Another central converter of people’s energy is the ocean water in the best-case scenario and a pool in the worst-case scenario. These are the gem material category! If you can get home by the waterside or within reasonable distances to the seashore, you can start counting your profit in advance because it is a done deal. Statistics have shown that beach homes are a massive converter of profitability. People love to stay around them, and a lot of people who can afford it would instead choose a beach home over a city house with no access to the gentle breeze of the ocean.
Therefore, you will multiply profitability by buying such properties, especially when they are quality luxury units with an impressive arena. The second converter in this line is pools. Some buildings have more of a communal pool, which serves a couple of families, districts, wards, etc. While that is better than an area where there is no pool at all, units/ properties with more private pools attract the more giant bags, and as you know, you are not going to run out of those calibres of people in Dubai.
So, how do you attract the right audience? By buying the kind of properties they love and reselling, or renting them as holiday homes, etc. Beaches and pools are indices for successful investment that you would love. On-ground investors have complimented this fact over the years, and it is really something you should look into.
Malls and recreational centres
This is the last and very critical index of success. However, it is more of a community thing than a property thing, which means that having a mall in your community or close to the building is a great catch. It makes it more marketable because:
- Its residents would consider it an extra good perk, being able to rush in and out of the mall, to grocery shop more efficiently, and, of course, to walk around and cool off.
- Families and homeowners also consider this a huge perk because it makes life better/more accessible, rather than driving for minutes to grab a pack of salt.
- Recreational centres for the kiddies are a massive deal among folks with children; a park nearby or someplace the whole family could experience and visit on busy days is an excellent method for de-stressing while having a nice bonding time.
If you are targeting more enormous home rents and families, this last tip would be a great place to start (it is a sign of peaceful stay for married couples). The first tip on bars and lounges is great if your target audience is young people with smaller units of apartments. Meanwhile, the second on the presence of pools and beaches could work for all buyers and renters more for the single categories, etc.