Dubai Holiday Home Investment: All the WHYs and HOWs
Dubai, UAE is a known popular location for investors from all over the world to come and look for new opportunities because it is a tourist-rich, tax-free country in which everyone is welcome to invest, especially in real estate. However, if you already own a home out of the country and want to only have a property in Dubai on occasion, then a holiday home is the perfect choice for you! In this article, you will learn why it’s a good idea to invest in a holiday home and the benefits of hiring a rental company that will help you start earning money without the hard work.
The WHYs: Is a holiday home worth it?
From owning a holiday home in Dubai, you will gain great benefits and advantages in terms of use and investment. Your holiday home is yours, therefore you will get to design it in the best way that suits you. When you are living at the property, you get to enjoy the luxurious lifestyle that Dubai has built for you, but when you are away, instead of the property dusting up and wasting your money, you get to share it with tourists and travelers who have also come to enjoy Dubai’s lavish days and nights (plus, you can also get many compliments on your choice of interior design, and who doesn’t love to receive a compliment every now and then about their taste?).
In terms of investment, a holiday home is one of the best investment decisions anyone can make especially in Dubai. UAE is a tax-free country that continues to develop with its political stability, low crime rate, and excellent infrastructure making it the most profitable and safest country for anyone around the world to come experience, live in, and invest. As the country attracts more tourists, owning a holiday home in Dubai will result in the best possibilities for rental income for those who seek comfortable and well-located accommodations. If you are not knowledgeable of which locations are worth investing in, you can start discussing the possibilities with a rental company as they will advise you on what is the best option for you while also keeping in mind your budget and preferences.
The HOWs of Holiday Homes
If you are now on the edge of your seat and ready to jump at the great opportunity that is holiday homes, don’t make any hasty decisions just yet. In order to maximize your rental income from your holiday home and get the most out of the investment, planning ahead is needed. Make your objectives certain: do you aim to gain the maximum amount of rental income you can from the property, find the perfect balance between use and rent, have a property you can rent out and use that will later on sell at a high ROI (Return Of Investment), or all of the above?
When you define your objective, start researching rental companies that will help you find your perfect holiday home, help you maintain it in perfect condition, and find you the best way to gain a high ROI from your property. Keep in mind that the best rental companies will:
- Listen to your objectives and needs, and prepare multiple options for you to choose from that stay within your budget.
- Have a reputable history, positive reviews, and success in the industry with awards to prove their excellence.
- Be licensed and accredited by relevant authorities in Dubai. All legal real estate companies should have licenses from DED (Department of Economic Development), DLD (Dubai Land Department), and RERA (Real Estate Regulatory Agency) as well as a commercial license and ensure that their properties are listed on Ejari.
- Have sufficient property management services and interior design services that will make sure that your holiday home is perfect for guests to enjoy and for you to enjoy your guests.
- Be open and transparent in communication. Choose a company that is responsive and communicates effectively. You should feel comfortable discussing any concerns or requests related to your holiday home.
Luckily for you, our dearest reader, searching won’t take much time as you have already found a company that meets all of your requirements. Key One Realty Group does not only specialize in real estate brokerage, but we also offer the best property management, holiday home services, and interior design solutions for you and your future guests to enjoy. Our objective is to make your life easier while we take on the hard work of guest screenings, keeping up with the maintenance, finding the best locations, and so much more. Shoot a message or give a call to one of our colleagues who will help you start the beautiful journey of investing in a holiday home in Dubai.
Written by: Anastasia Makarycheva
