Buying a Property Can be a Best Investment Decision: Know Why
Deciding to purchase a property in Dubai can be one of the best investment decisions you can make in life. And, there can be many reasons behind it.
The growing economy can be the foremost reason to consider buying a property in the city. Moreover, investing in property in Dubai can be a safe bet because of the high safety standards in the city.
There are liberal freehold property policies in Dubai and ample availability of all types of properties, such as apartments, villas, townhouses, penthouses and offices for sale.
With the growing economy, purchasing a property can attain higher RoI. Moreover, the diversified economy keeps the economy of Dubai stable. Moreover, as the economy is not dependent on the oil and gas industry, oil price fluctuations have little impact on the overall economy.
High safety standards are another reason many people prefer to invest in property in Dubai, one of the safest places to live in.
It happens with many people that they first move into Dubai due to the high degree of safety and security. They eventually buy a property or start their own business by purchasing an office or retail shop.
Also, you can get good RoI if you buy a property and rent it out.
Types of Properties
The good news for would-be property buyers is that there are all types of property in Dubai. So all you need to do is consider your specific needs to select a property to buy. Moreover, properties correspond to expensive to affordable budgets.
The list of properties for sale in Dubai starts from studio apartments with 1 bathroom and around 359 square feet of floor space. Next are the 1-bedroom apartments, with 2 bathrooms and 785 square feet of floor space. Following this, you can get the 2-bedroom apartments that come with 3 bathrooms and 1,636 square feet of floor space.
People with more extensive and growing families can consider purchasing a 3-bedroom apartment that comes with 3 bathrooms and 1,489 square feet of floor space. Likewise, a 4-bedroom apartment can be a good choice for people with larger families that comes with 4 bathrooms and 2,421 square feet of floor space.
If you can spend a bit more, you can consider buying a villa in Dubai. There are villas from 2-bedroom to 4-bedroom configurations.
In Dubai, a 2-bedroom villa comes with 3 bathrooms and around 1,800 square feet of floor space. And a 3-bedroom unit comes with 3 bathrooms and a floor space of 2,300 square feet.
A 4-bedroom villa in Dubai has 6 bathrooms and 4,000 square feet of floor space. Also, there are larger villas of 5 and 6-bedroom configurations.
While a 5-bedroom villa comes with 6 bathrooms and 5,000 square feet of area. A 6-bedroom villa comes with 7-bathrooms and 5,500 square feet of floor space.
In addition, there are commercial properties in Dubai, and you can consider purchasing such property to start your own business.
In the commercial property segment, you will find the most popular type for sale is a unit that comes with 1,204 square feet of floor space. Such types of commercial properties are available in Barsha Heights. And you will find commercial retail spaces to buy in Business Bay that come with a floor space of 1,267 square feet.
While looking to buy property in Dubai, you should hire a competent real estate agent to help you choose the right property.
If you contemplate buying a property in Dubai, you should not wait any further. Instead, go ahead to buy one. It can be one of the best investments in your life.