Investments for landlords in Dubai: If you would like to have a path of least resistance as a landlord, the apartment is the way to go. It will be much easier and cheaper to make any necessary repairs. Additionally, collecting the rent will also be much easier. Furthermore, you will have a body of work for your reputation should one of the tenants try to smear your good name.
If you think that being an apartment landlord is easier than being the landlord of a villa, then read on to discover two locations where you can get an apartment for rent in Dubai.
Dubai Production City
Dubai Production City is known for its unique, low-rise residential buildings and modern, serene neighborhood, making it an attractive option for investments for landlords in Dubai. Apartments for sale in Dubai Production City will be of the studio and 1-bedroom variety. 1-bedroom apartments will also have 1-2 bathrooms. Most apartments leased to tenants will be unfurnished.
Dubai Production City lies close to the main highways of Mohammed Bin Zayed Road and Emirates Road. It is also near golf courses and opposite Meaisem City Center.
A typical apartment for sale in Dubai Production City will come with a barbecue area, children’s play area, and jacuzzi. The kitchen will be either open or closed plan and will come fully fitted and equipped with appliances. Apartments will also have at least one balcony, built-in wardrobes, central air and heating, an intercom system and, in some cases, a free chiller. Tenants who rent here will receive a concierge service.
The neighborhood of Dubai Production City has a bank with an ATM and a shopping mall. For those who like to stay physically fit, there is a gym and health club. For those who like to play sports, there are tennis courts and squash courts and a shared swimming pool. Residents can relax in the sauna and steam room. Those with children can send them to the nursery or the school and play with them in the public parks. There is a mosque in the neighborhood for the religious. Finally, the area is served by public transportation.
An apartment for sale will cost between AED 286,000 and AED 650,000, while tenants can expect to rent them for between AED 16,999 and AED 65,000 annually. The average tenant in Dubai Production City is likely to be from the middle class and have a job.
Dubai Creek Harbour (The Lagoons)
The waterfront development of Dubai Creek Harbour (The Lagoons) is home to the Creek Marina, Creek Canal, Creek Beach, but is perhaps most famous for its wildlife sanctuary and Creek Tower Bridge. It is located within driving distance of the Burj Khalifa – the world’s largest residential tower – Dubai International Airport, and Dubai Square. It is also near the main road of Jumeriah Road and the main highway of Sheikh Zayed Road.
The standard apartments in Dubai Creek Harbour have 3-4 bedrooms and 3-4 bathrooms and come partially or fully furnished. These apartments are also known for their carpets, solid wood and marble floors, and upgraded interiors.
The typical apartment for sale in Dubai Creek Harbour comes with a barbecue area, a children’s play area, a driver’s room, a gazebo and outdoor entertaining area, a jacuzzi, a laundry room, a maid’s room, a storage room, and a study. The apartment will also have a fully fitted kitchen with white goods. There will also be at least one balcony, central air and heating, and an intercom system. Finally, a typical apartment for sale will come with a private garage, a private garden, and, in some cases, a private swimming pool.
Tenants who rent in Dubai Creek Harbour will usually receive 24/7 security, concierge, and maintenance services. They will also have direct beach access and a marina berth. Finally, they will have access to a business center, laundry service, and, in some cases, a valet service.
The neighborhood of Dubai Creek Habour has a bank with an ATM, restaurants, a shopping mall, and shops. For children, there is a nursery and school, as well as a public park. Those who like playing sports will enjoy the basketball court, golf club and clubhouse, shared swimming pool, sports academies, and squash and tennis courts. For those who like to relax, there are communal gardens, a sauna, a steam room, and a yoga studio. Those who wants to stay physically active will enjoy the cycling tracks, fitness center, gym, health club, and walking trails. There are also multi-purpose halls. A mosque will cater to religious needs. Those that have guests can invite them to stay a the luxry Palace Hotel in the neighborhood. Finally, the area is served by public transportation.
For those who wish to buy apartments, there are payment plans available, as well as free property management service. In some cases, the registration fee will be partially waived. Landlords can purchase these apartments for between AED 860,000 and AED 2,700,000, making them great investments for landlords in Dubai. Tenants can expect to pay between AED 16,999 and AED 65,000 in annual rent. Tenants who rent here will likely be upper-middle class with jobs, or retired people.
Conclusion
Dubai Production City and Dubai Creek Harbour serve different tenants. Tenants in Dubai Production City are likely from the working middle class, while tenants in Dubai Creek Harbour are likely from the working, upper-middle class, or retired persons.If either of these demographics appeal to you, now will be a perfect time to get a apartment for sale in Dubai!