The United Arab Emirates tops the list of the most popular property investment destinations. Dubai remains one of the largest and most popular cities in the country. With its fascinating human-made islands, dazzling skyscrapers and other world-known development projects, the city offers many opportunities for real estate investments in Dubai that ensure high returns. Dubai’s real estate is one of the best ways to secure money and get stable revenues. Penthouses are one of the profitable investment options. They belong to the category of elite housing and are always popular among wealthy tenants and property buyers.
Investment penthouses in Dubai with high ROI
A penthouse is an isolated spacious apartment on the topmost floor of an apartment building. A distinctive feature of this type of apartments is the magnificent views of the beautiful city. The panoramic view is just one of the reasons to invest in a penthouse in Dubai by the sea. Prices for residential properties in the country are growing steadily, and the demand for elite housing often exceeds supply. Private investment in penthouses allows you not only to successfully secure the money, but also to gain an income by renting out the property.
Penthouse prices in Dubai and investment returns
The cost of properties directly depends on the location and area. Prices for penthouses in elite skyscrapers start from € 400,000 and can go up to several million. The most popular areas of the city with the highest returns are Dubai Marina, Jumeirah and Downtown. The average annual return in these neighborhoods varies from 5 to 10%. However, you can buy property in other parts of Dubai as well.
Penthouse investments in Dubai, UAE
What ensures a profitable investment in penthouses in Dubai:
- A high quality of life that attracts thousands tourists and expats from all over the world. A stable economic situation and no property taxes allow property investors to get the maximum profit.
- The demand for penthouses in Dubai by the sea for investment and relocation is always growing, which makes this type of housing a liquid asset. If you make your mind to resell your property, you are ensured capital gain.
- Developed infrastructure and business opportunities. Housing in the UAE is a great solution if you are planning to relocate to the UAE or looking for a holiday home. A penthouse in Dubai can also be a source of income. Besides, owning a property in this city allows you to obtain a residence permit in the UAE.
According to the recent statistics, property investments in Dubai can bring up to a 10% return per annum. The return depends on the characteristics of the property. Since Dubai attracts thousands of tourists, foreign entrepreneurs and expats, the demand for housing rentals is always high and it means that you can always find many tenants. You can also rent out your property remotely via real estate agencies that offer after-sales service.
Buying a penthouse in Dubai for investment
Investments in new developments in Dubai are as popular as options on the secondary market. The return on investment in real estate is high in both cases. Property investors actively use the offers of reliable agencies.
Dubai-Property.Investments will help you choose investment penthouses in Dubai
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