As there are different types of landlords, there are different motivations behind becoming a landlord. Some want to collect properties and rent in dubai and are content to make a profit off simply collecting rent and maintaining properties. Other landlords want to collect rent, improve the property, and then sell it. These landlords are interested in a short-term profit. Many landlords are forced into deciding between either short-term or long-term profits.
However, there is a city named Dubai in the United Arab Emirates (UAE) where there is something for every type of landlord. You can hold on to properties for the long term, flip them for a short-term profit. You can even buy a property with well-established tenants already in it.
One of the most profitable properties in Dubai, either in the short term or in the long-term, is the villa. The villa is more expensive than the apartment, by far, but it is also the most profitable. If you rent in an area with rich expatriates, you can charge six figures per year. In a smaller, middle-class neighborhood, you can charge in the five figures. With the right rent and the right asking price of a villa, you can turn a hefty profit.
If turning a profit in a long-term property commitment or a short-term one appeals to you, read on to find two different locations where you can get a villa for sale in Dubai.
The standard villa for sale in Mira Oasis has 3-4 bedrooms and 4-5 bathrooms. In many cases, the master bedroom is en suite, while the other bedrooms will share the bathrooms between them.
A typical villa for sale in Mira Oasis comes with a barbecue area, children’s play area, maid’s room, guest bedroom, and study. The modern, semi-open, and fully fitted kitchen will come with built-in appliances. There will be at least one balcony, built-in wardrobes, and central air and heating. Finally, there will be a private garage and garden. Tenants will also receive a security service.
The neighbourhood of Mira Oasis is home to a shopping mall, shops, and supermarkets. For those who like to exercise, there is a gym, jogging tracks, and a shared, temperature-controlled swimming pool. There are schools for those with children, and hospitals for those with emergency health needs. Mosques serve the religious needs of the residents. Finally, the area is served by public transportation.
On occasion, real estate brokers will offer a warranty for their property. The cost of a villa for sale in Mira Oasis is between AED 1,400,000 and 2,400,000. Tenants, who will likely be upper-middle to upper-class citizens or expatriates, will pay between AED 80,000 and AED 120,000 in annual rent. For landlords that charge the lower end of the rent, they can expect to make a profit on rent payments alone in 18 to 31 years, while those that charge the higher rant can expect a profit on rent alone in 12-20 years. This means that the properties in Mira Oasis are a medium- to long-term investment.
The gated community of Mudon Views is centred on health and wellbeing while providing a relaxed and peaceful environment. The community is near two of the main highways, Emirates Road and Sheikh Mohammed bin Zayed Road, and is also within driving distance of Dubai Mall and the Dubai Marina community. The standard villa for sale in Mudon Views has 3-4 bedrooms and 4 bathrooms.
The typical villa for sale in Mudon Views has a barbecue area, a children’s play area, and a maid’s room. There will also be at least one balcony, a built-in wardrobe, central air, and an intercom system. Tenants will also enjoy a 24/7 security service.
In one case, there is a smart house being offered for sale. This comes with smart thermostats, smart lighting, smart sprinkler system, smart curtains, smart security, smart appliances, and smart entry. Since there are multiple smart devices, the building has a high energy efficiency.
The neighbourhood of Mudon Views is home to restaurants, retail outlets, and a supermarket. For those who like exercise, there is a fitness studio, a gym, jogging tracks, parks, and a shared swimming pool. Athletes will enjoy the tennis courts. Children can attend school or a nursery. Residents can relax in communal garden. There is a mosque in the area. Finally, residents’ health needs will be taken care of in the health clinic.
Some villas for sale in Dubai Views come with a developer warranty, and many are sold in shape for tenants to immediately move in. The price of a villa costs between AED 1,390,000 and AED 2,500,000. Tenants, who are likely upper-middle class to upper-class citizens will pay between AED 75,000 and AED 160,000 annually. Expatriates will be able to afford these villas more than residents.
If a landlord rents at the lower rate of rent, it will take between 19 and 33 years to make a profit on the property from rent collection alone, while it will take 9 to 15 years to make a profit if only rent is collected. Thus, villas in Mudon Views are perfect for medium to long-term investors.
Mira Oasis and Mudon Views cater to two different landlords. While both are good for the upper-middle class, and both will take a decent amount of time to make a profit, Mira Oasis is geared more towards a longer-term holding, while you can make a profit from a villa in Mudon Views in under a decade.
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