One of the things about being a landlord is that a tenant may not pay the rent on time. He or she might be constantly late, causing your bank account balances to have a problem. A tenant can also lose their job. If you are to expand your real estate empire, you must skillfully ask for the rent while also maintaining a positive reputation in the community.
In Dubai, however, it is different. Dubai is full of expatriates and wealthy citizens, which can be tenants that you can rely on to get money. If you get a villas for sale in dubai, the odds increase that your tenants will always be able to their rent because they are likely living with their families and settling down as opposed to living on their own in an apartment.
One such area in Dubai where you can be assured that tenants will be able to pay their rent, no matter how high, is in Dubai Hills Estate.
Dubai Hills Estate is known for its luxurious, serene, and contemporary living as well as its variety of lifestyle, sports, and leisure activities and amenities. The community has a master plan that suits new homebuyers and those who wish to buy or lease brand new or semi-detached apartments, some of which are on cul-de-sacs or are secluded and away from the main community. Those living there will get a view of the Burj Khalifa, the world’s largest residential tower, and a view of the Dubai skyline. The community is home to the King Hospital, Dubai Hills Mall, Hills Park, and Dubai Hills Promenade, and is within driving distance of the communities of Downtown Dubai, Dubai Marina and is off the main highways of Emirates Road, Al Khail Road, and Umm Suqeim Road.
The standard villa for sale in Dubai Hills Estate has 3-9 bedrooms and 3-10 bathrooms, some of which are en suite. Villas here are known for their natural lighting and marble floors. Most villas come unfurnished, and a few are Vastu Compliant, meaning that the villas face in a certain direction.
The typical villas in Dubai comes with a barbecue area, a children’s play area, a dining room, a gazebo and outdoor entertaining area, a laundry room, a living room, a maid’s room, a storage room, a study, and a utility room. The open-plan kitchen will have kitchen appliances, including white goods and, in some of the bigger villas, there will be multiple kitchens. There will at least one balcony. There are also built-in wardrobes, central air and heating, an intercom system, a jacuzzi, and walk-in closets. There is also a private garage and garden. The more expensive villas will have a smart home system and a private multipurpose room that can be converted into a cinema, gym, or other exercise or entertainment room.
Tenants who rent in Dubai Hills Estate will receive a 24/7 maintenance service. There is also a security service, a laundry service, and a concierge service. Finally, all tenants who rent here will receive access to a business center.
The community of Dubai Hills Estate is home to a bank with an ATM, restaurants, and shops. There are multiple sports options, including basketball courts, a shared swimming pool and clubhouse, sports academies, tennis courts, and squash courts. However, the real sports attraction is the 18-hole championship golf course and country club golf resort, which comes complete with its own driving range and golf academy.
For those who like to exercise, there are cycling tracks, exercise courses, a fitness center, jogging tracks, and walking trails. For those who like to relax, there are communal gardens, a dog park, and picnic areas. Children can go to the nursery, community playgrounds, or schools. A mosque will take care of residents’ religious needs. Finally, the area is served by public transportation.
For landlords, realtors often offer a 2-3-year payment plan. The price of the villas for sale in Dubai Hills Estate range from AED 3,800,000 to AED 100,000,000, while rent will be between AED 105,000 and AED 250,000 annually. This means that most tenants will be from the upper class and easily able to pay their rent. For the lower rent, these properties should probably be sold off at some point to make a profit on your investment. For higher rent, it also makes sense to sell the properties off to make a profit on your investment. To make a profit on rent alone, you would need to buy one of the lower-price properties.
The tenants of Dubai Hill Estate are very wealthy and will always have money to pay rent. However, these properties must either be bought at a low price or sold off at some point in order to make a return on investment on your property purchase.