14 Savvy Ways to Spend Leftover BPTP Visionnaire Floor Plan Budget

Dubai's economic growth has taken the world by storm. Despite the recent slowdown in the US economy, a skyrocketing petroleum cost and a dampening outlook across most of the world commerce, Dubai's growth continues to baffle most media experts and industry watchers. What makes this story even creamier is the handsome dividends Dubai's real estate has been able to offer to its investors over the last few years. Expatriates living in Dubai form roughly 80% of the whole population. This, coupled with a large number of tourist arrivals, makes Dubai's real estate a cash churning machine. Be it major construction giants or individuals buyers hoping to buy luxurious villas and self-catering apartments, Dubai has been able to offer each of them with a place of right aura.

Thanks mainly due to a visionary Al Maktoum family, which came to power in 1883; Dubai's economy has continued to grow despite of so many economic turbulences it had to go through since the World War II. Steps initiated by the Al Maktoums have made Dubai's oil returns inconsequential in the era of globalization. The emirate's GDP chiefly gets sourced from its free trade zones and tourism infrastructure instead. Most decisions taken by the successive rulers have been prompt and executed in a timely fashion. This made Dubai sellable and a growth-friendly area for carrying out business over the years. Global business partners, large FDIs and a highly skilled workforce have kept pouring in despite of the occasional negative clues from other economies. Recently, the government agreed to allow the outsiders to have a freehold property right. This wasn't the scenario until now. As a result, one could buy self catering apartments, Dubai villas and other freehold properties, if they wished today.

Dubai's growing reputation as a city of many firsts in the world of architecture has given more colors to its overall charm. From the very first seven star hotel, Burj Al Arab, to the now under construction the tallest building of the world, Burj Dubai, the city continues to house many of today's world landmarks. As a result, tourists flock in large numbers to have a glimpse of this urban excitement each year. Summer used to be a holiday season earlier, but no more now. Year long fun, food and cultural fiestas - apart from the usual retail madness - make Dubai a place of joy and celebrations throughout the year. No need of underlining why self catering apartments, Dubai villas and similar other freehold properties could be a great investment offer in today's scenario.

Many buy self catering apartments, Dubai villas and other freehold properties to have a place for vacationing when they may like doing it. Many others simply buy to rent them out to other holidaymakers. Rentals can be a great way for making money from this emirate. They can prove out to be a headache for those paying rents, and a great monetary reward for those receiving sums. Dubai's rentals are among the most expensive ones in today's times. They may give jitters to tenants, and a pleasant smile to property owners. Homes could be sold at a premium after a few years, since the real estate would continue to sore in Dubai in the years to follow. These aspects lead to many foreigners and expatriates buying freehold properties in Dubai as a way of making money. It's a win-win option for those who know how turbulent times they were living in in a highly globalized world.

Successful real estate investments are about a lot more than buying cheap property and selling it at a profit. Plunging headlong into property investment without a proper understanding of what you hope to achieve is not a good idea.

This is not to say that real estate investment is always a chancy proposition. Backed with the right information, you can definitely succeed. Here is a general blueprint for successful investment.

To begin with, be aware of the odds. There are chances of a loss if you don't have an accurate idea of the state of the property market - and the changing values BPTP Visionnaire Gurgaon of your investment. Before you make a serious property investment, ensure that you have adequate insurance coverage.

Some successful property investors bulwark their investments by forming a nominal limited liability company for this, and you may wish to consider this option. Consult a knowledgeable lawyer who is savvy about the legal aspects of your local property market.

Kinds Of Property Investors

Property investors fall into two broad categories, and we'll discuss both of them briefly:

1. Actual Users

Such individuals seek to make a percentage of profit on properties that they are themselves currently occupying. This may take the form of partial rental or sale of a residence or the sharing of office or factory space with another business entity. It only makes sense if the part of the property being rented out or sold would otherwise remain idle and non-productive.

A more rewarding option is the outright sale of the property. This is often done for reasons other than investment - the seller may be seeking larger or more luxurious premises, be in the process of career-based relocation, or be unsatisfied with the property for other reasons. There may also be a need to downgrade on certain expenses such as maintenance costs. Since the sale of such a property is usually need-based, the options are reduced drastically.

The kind of profit one can make on the sale of a property in current use depends on the age and state of the property, its location and its inherent value on the market. A residence purchased five or ten years ago will have appreciated in value for the simple reason that property rates are constantly increasing.

The value of the property will be even higher if the location is one in current demand. Of course, the price a second-sale property will fetch will also depend on whether or not it is well maintained, the facilities it offers, the area it is located in, etc.

2. Exclusive Real Estate Investors

Such investors buy property for the exclusive purpose of making a profit from it, and do not utilize the estate personally. Residential property investment is usually in flats, bungalows, row houses, duplexes and township properties, while commercial property investments are focused on shops, offices, factory sheds, etc.

In the current scenario, commercial property investments are less lucrative than residential property investment, because the absorption rate for residential property is much higher. Property investments are also done in non-developed or partially developed land.

Pure investors have a better chance of making a profit in their dealings simply because their options are wider. There is also no immediacy or urgency involved, since the basic objective is timing the market for optimum profitability. Professional investors of this kind should keep certain guidelines in mind:

* Location is everything. Even if rates are steeper in a preferred area, go for it. A good location will pay rich dividends in the final analysis

* Choose to invest in properties under reputable banners. The name of a famous builder makes a decided difference on the bottom line of the sales deed.

* It is always more profitable to invest in properties under construction or still in the planning stage. Here, the investor has a say in the kind of property he or she wants. Till the date of actual completion, rates will tend to be on the rational. Of course, the investor will have to be reasonably certain that the project will see timely completion

* Properties available for ready possession - though instantly available - do not allow for much picking and choosing on the above-mentioned points. However, since certain dynamics of the property market remain constant, a profit is still possible. A 'readymade' property bought for the purpose of investment will have to be given sufficient time to appreciate in value. Also, certain modifications specific to a potential customer's needs may have to be made. The cost that this involves would have to be adjusted in the final amount.

Property buyers are becoming increasingly specific about what they want. If one chooses to invest in residential real estate, the first preference should be towards units that are located on the first floor.

They should offer a good view and ventilation and, ideally, the use of a swimming pool, clubhouse and other trendy facilities. They should also be backed by adequate parking facilities. Township properties are your best bet on that score, since they provide all these and more.

In conclusion, real estate investment is not a game of blind man's bluff. Nor is it ever a totally risk-free proposition, especially where spurious documentation, faulty judgment, market crashes and other unforeseen circumstances are concerned. There are some bases that need to be covered to reduce the risk factor:

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