Innovative land & property investments
Dubai Property Investment News
Investment property in UAE recommended
Second home buyers have been encouraged to snap up a rental property in the United Arab Emirates (UAE).
Shelter Offshore stated that the country is a good option as it offers guaranteed sunshine throughout the year, thereby maximising its rental potential.
The website said people can expect sunny weather because many of the UAE's main tourism hotspots, such as Dubai, have been developed in desert locations.
However, it added that people who go ahead and purchase an investment property in Dubai need to take various other issues into account.
For example, the online portal said tenants will only stay in a place which is in close proximity to vital amenities.
In addition, Shelter Offshore stated that prospective buyers should determine whether the size of their returns is worth the initial expense of purchasing a foreign property.
According to property consultancy Colliers International, foreign demand for property in the emirate has led to house prices going up by 78 per cent over the last 12 months.
This means that people who are buying an investment property in Dubai could potentially collect strong returns from capital growth as well as rental yields.
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