January 6, 2019

A waterfront home in Dubai - is it for you?

Many developers within the region are looking for a point of difference and features such as Crystal Lagoons. This brings the idyllic lifestyle of the beach to the end consumers, adding to the aesthetic and economic value of the property. It also provides practical recreational and leisure facilities, such as paddle boarding, sailing and kayaking, at low construction and maintenance costs.

As an investor, these properties offer a sound return on investment (ROI) as the property is of a higher value, because of its proximity of the lagoons.

If you are looking to invest in Dubai real estate, make it one with a waterfront view. A waterfront home is a ‘dream home’ for many and a prudent investment. Here are some reasons why they make financial sense.

Even though Waterfront properties are priced at the upper end of the spectrum, buyers are ready to pay more for waterfront views.

The prices are between Dh1000 and Dh2000 per sq ft in Meydan, Mohammad Bin Rashid City or Dubai Water Canal projects and rise up to Dh5000 in Dubai Marina. Investors can sell their property at the best rate and will be rented more quickly.

Despite the high price tag, waterfront homes continue to garner interest from end users and investors. Damac Heights, which is almost sold out, has seen buyers from Europe, Russia and the GCC. Whereas Emaar Beachfront recorded nearly Dh1 billion in sales at the launch of the first residences earlier this year.

Chinese investors have recently taken a keen interest in Dubai’s waterfront projects. According to Azmat Mui Moosdeen, Chairman of Hong Kong Middle East Chamber, the Belt and Road initiative has attracted Chinese companies and individuals to turn to investment in Middle Eastern markets over past two years.

A waterfront property is easy to rent compared to properties within the city.

Yield

Rental yields in an upscale area can range from 6-7%, depending on the project you are planning to buy.

- District One Residences is a gated community of one, two and three bedroom apartments with world-class family-friendly amenities

- It has crystal lagoons, sublime beaches, sweeping parklands and breathtaking architecture

- Located just minutes from the center of the city

- Amenities include a park, Community Hall, Day Care Center, School, Retail Centre, Swimming Pool, Kids Pool, Supermarket, Shopping Mall, Tennis Courts and a Mosque

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 Visit this link for more information about the project: http://district-one-residences.psf.ae/

Website link: http://micasauae.com

Contact us at +971 52 531 8269 or +971 4452 88 59 for more information about real estate projects.