An idea about affordable properties:
Most property investors are only familiar with the largest of property developments such as the Burj Dubai or the Palm Trilogy, yet there are so many more that can also be more affordable simply because they haven’t received the same level of hype. Some projects range from 500,000 to 1,000,000 AED, meaning you can really pick up a bargain apartment in a good location. The more commercial projects can range up to 5,000,000 AED for apartments and for luxury villas, they can really range from 4,000,000 AED upwards, depending on the size of the property, location and which property development it is a part of.
A popular option for sellers and buyers in the Dubai property market is to buy and sell multiple properties. The continuing property boom has led to many investors trying to sell their properties for a profit upon the original purchase price, in order to invest in a different project. This is the great thing about the Dubai property market, with the sheer number and size of developments under construction enabling people to pick and choose exactly what they want from a property.
While buyers have the advantage of choosing exactly what they want, and there is such a wide variety of choice, sellers also have an advantage in the market, as the demand for property far outstrips supply. If sellers just happen to have the right property that people demand, sellers and landlords can maximize the profit they make on their freehold property.
Dubai property sales are currently on the rise, with more and more projects being released every week. The main developers, Emaar properties and Nakheel properties, hold the lead in most demanded units, meaning Dubai property sales are more common for key developments such as the PALM jumeirah, The Meadows, Dubai Marina, The Springs, Palm Jebel Ali, Jumeirah Islands and Jumeirah Village, just a handful of freehold projects currently under construction in the Emirate. Other exclusive projects such as Al Kaheel and Emirates Hills are also popular investments and hence good sellers.
The biggest problem for sellers and landlords is finding buyers, as the majority of investors looking to buy property in Dubai look through the big real estate brokers, which take a sizeable percentage of the property value in commission and charge to advertise. An alternative for sellers is to advertise online as the internet opens your property up to buyers in the local market and the overseas market.
