Property investment tips

Property investment tips

Based on materials http://www.thefirstgroup.com

The main points
• Location of a real estate object is the key feature to estimate as it is the most stable parameter. It is necessary to consider the availability of social amenities, schools, public transportation, parking facilities, supermarkets, pharmacies, etc.
• Property amenities. It is necessary to consider whether the property object is equipped with amenities like gym, swimming pool, etc., and also check the object for any disrepair. You also need to ensure that the fire extinguisher, air-conditioner, bathroom accessories, kitchen settings, Internet facilities, and electrical and security systems are functioning properly.
• Premium. Investors in Dubai are capitalizing on the high-end market and its demand for branded hotel apartments. The key premium districts remain The Palm, Dubai Marina and Downtown Dubai.
• Costs. It is necessary to estimate the average sales and rental prices in chosen location and buildings and calculate the potential yield. You also need to consider all initial investment costs as well as further expenses such as maintenance and community fees.
• Developer. It is recommended to invest in property objects of trusted and reputable developers, who are known to deliver properties corresponding to high standards and have a good maintenance record. They must be registered with the Real Estate Regulatory Agency to ensure proper legal procedures.
• Maintenance standards. It is important for investors not to have to deal with managing and operating their property, which increases the significance of a reputable maintenance agency.
• Re-sale value. It is helpful to consider what the re-sale value would be after a specific time period.