Why Should You Buy a Property in Dubai, Instead of Living on Rent?

by Zaara 16, Dec 2019

Why Should You Buy a Property in Dubai, Instead of Living on Rent?

When it comes to real estate investment, we tend to shrink a little because of the general notion of it being problematic and risky. Dubai, being a dreamland to live in for people across the globe, offers ample freehold and leasehold spots that can be acquired and one can live in it. According to the recent records, Dubai is in the list of top 30 places in the world that has an ever-increasing real estate market. With the world-class infrastructure and an excellent economic graph, it is a steal for the financers willing to invest. So many studio apartments for sale in Dubai are available, and it is always better and worthy to buy a property in the UAE rather than leasing or renting it. Before you start scanning the apartments for sale in Dubai, here is a list of reasons as to why you should always go for buying a house in Dubai.

1) Security

You will never get the ease of mind if you reside in someone else's house on rent. You can be yourself and comfortable in your own home as it is like being in your skin. You need not take any permission from the owner if you're going to make any changes. Also, there is financial security as the rent every month will not burn a big hole in your pocket.

2) High return

Since people of all nationality resides in Dubai, there are high demands of homes for rent. If you buy an apartment, modern implant infrastructures and rent it out, you will get an excellent return indeed.

3) Investment at its best

Today you might buy a house in Dubai at a very cheap rate. But years from now, due to inflation and the country's economic graph going upwards, the valuation of the property will be ten times more. It is a golden opportunity for financers to double up their earnings.

4) Liquid cash may not be a problem

The mortgage rates have doubled up in the past decade. If you are searching for apartments for sale in Dubai and you do not have the cash ready, you can always go for mortgage loans. With high rates being offered, you will be more inclined to the decision of buying a property there.

5) Economical

Dubai is one of the pioneering cities in investment across the globe, and the city is thriving in the investment market. Whether you are living in the house, you bought or putting it out on rent; you will sow significant return in due time for the territory you have marked in the UAE.

So, do not delay any further and search your studio apartment for sale in Dubai today! Do not worry about the risks and legal works; all of it can be taken care of in time. With the city developing each day, you will not regret your decision!

Author Bio

John Langer is a freelance writer, with years of experience, creating content for varied online portals. He has expertise in writing about real estate, property investment ideas, lifestyle & many more.