5 Great Reasons to Buy a Holiday Villa in Dubai
Within recent years, Dubai has become renowned as a leading international hub, not only in the Middle East, but also on a global level for travellers making their way through the region or on transcontinental flights. Known as a shopper’s paradise, this one city has some of the world’s most glamorous malls which are often situated side-by-side with traditional souks where you can get everything from spices to crafts from local artisans. If you have become smitten by this city known for affordable luxurious living, now is the time to check out some amazing villas for sale in Dubai.
1. World’s Most Luxurious City for Holidaygoers
In survey after survey, Dubai has been ranked the most luxurious city in the world. Many people seeking holiday villas are looking for real estate in a trendy area with more to offer than sunny beaches. From a taxi fleet of Lamborghinis to elite malls with “members only” attractions, you will find that everything in Dubai is far more glamorous than any other major city in the world. Don’t forget that Dubai is also one of the cleanest cities on earth with an amazingly hi-tech and superbly maintained infrastructure.
2. High Demand for Rental Villas
Growing in popularity as a holiday destination 12 months out of the year, there is a high demand for holiday villas in Dubai. Many people buy a villa which they can visit periodically throughout the year and then let it out when it is not occupied by the owner. Other real estate investors are buying up holiday villas because of this high demand. It isn’t unusual to find most villas being occupied by guests most, if not all, weeks of the year.
3. Better Than Average ROI in Buy-to-Let Market
Ranked as the most luxurious city in the world, you would think that the price of property in Dubai would also be quite expensive. Oddly, this is not the case. One of the reasons why so many investors are buying up holiday properties in Dubai is because of the cost per square metre weighed against the income from rents which makes for a much higher than average ROI.
If you are grabbing up buy-to-let holiday villas anywhere on earth, investing in Dubai makes sense. Buy now while prices are low and continue growing your profits as rents also continue rising. The key to investing in real estate is to buy low and sell or rent high. That’s just what you’ll find in Dubai in the very near future.
4. Fast Growing Influx of New Businesses
While you may be wondering what a rapid influx of new businesses may mean to anyone seeking a holiday villa in Dubai, the first thing to consider is that this means the government will be spending significantly more on infrastructure. Dubai is already globally renowned for being technologically advanced, but with a greater volume of international trade in the region, government will be working to continue attracting venture capital into the city.
Dubai airports are already rated as amongst the best in the world and the roads and public transport are far superior to most modern cities. Dubbed “The Golden City,” the influx of new businesses will provide the revenue which enables government to maintain this image.
5. Profitable Long-Term Investment Strategy
Unless you are dealing in quick-sale flip properties, real estate is seen as a long-term investment strategy. Dubai presents the perfect opportunity to purchase a high-end property at a price lower than market value in many other regions of the world. These holiday villas will only increase in value over time as the city continues to grow and a greater number of corporations begin doing business in the region.
While some companies send their field reps to one of the many 5-star hotels in the region, others find that leasing holiday villas makes more sense. It is much more cost-effective to book a villa for a team than it is to book them into separate hotel rooms, and so the market is expected to continue expanding. There will come a time in the very near future when demand surpasses supply, and at that time, the price of real estate in Dubai will quickly escalate as well.
It All Adds Up
Any one of the above mentioned reasons for buying a holiday villa in Dubai makes sense for investing in the region. However, when added up, you won’t find a better location anywhere for investing in real estate. Major growth is forecast in the region – the cost of property is lower than many other cities of glamorous renown. As the city continues to grow as an international hub, your property is sure to see full occupancy every month of the year. Whether for personal enjoyment or commercial gain, you can’t go wrong with holiday villas in Dubai.
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