How To Buy A Hotel Apartment For Investment In Dubai?

Looking for a hotel apartment in Dubai? 

If yes!

Then this is the best time to execute your planning. 

If you believe in the quotations of real estate investment experts then according to them “Dubai has always been a buyer’s market”.

Let’s understand this with the market overview

UAE (United Arab Emirates) is a shining star in the middle of other Gulf Countries and that’s why this West Asian country contributes a big share in the hospitality sector. There are lots of factors that work well and help this nation to grow well globally like: -

• World-Class transportation & infrastructural development
• One of the best Airline
• And the most important strategic location of UAE itself

2/3 population of the world are within the range of 8 hours from UAE through International airlines. These factors work as a catalyst for the tourism, infrastructure, and real estate growth of UAE, especially for Dubai. Many global hospitality brands with UAE’s domestic brands like Emaar, Damac, and Hyatt expanded effortlessly in the country. And if talk about the last 15 years of tourism & hospitality sector in UAE then we found that these both sectors have experienced a steep rise with the biggest contribution of 138%.

There are many more factors that ensure the growth of the hospitality & tourism sectors of
 UAE, but I think the upper mentioned are sufficient. Now let’s talk about – how to buy hotel apartments in Dubai?

Choose the best brand

When it comes to the hotel apartments in Dubai then here you will have lots of options from many globally reputed & domestic brands. Here I recommend you to choose from any reputed real estate developer like Damac & Emaar etc. as only property from these names gets a maximum footfall of the tourists & travelers. 

Damac Properties here offers Paramount Hotels & Resorts Dubai which has 1-, 2-, and 3-Bedrooms Apartments in 3 high-rise towers with the best hospitality, retail & F&B features. Here you get the best value for money with the opportunity to earn 8% guaranteed returns for 5 years and assistance for UAE Visa. 

Estimate the financial performance of the property

The financial performance of every hotel apartment is one of the biggest influential factors when it comes to investment. Before making any financial commitment, you should evaluate the financial performance by calculating maintenance cost, capital appreciation rate, and every record regarding profit & loss for the last 5 years.  

Look for the best available financing option

There are many financing options are available for real estate investors from banks & financial institutions approved by the Central Bank of the United Arab Emirates. If you are eligible then you will get a property loan at 3% – 4% with a 25% down payment of and mortgage of Up To 75% of the property market price. 

Required Legal Documents

Any foreigner can invest in Dubai freehold property, if you are a foreigner you will need to provide given below legal document:

• Passport
• Legal ID
• Address Proof 

If you are looking for the best property in Dubai then real estate advisors of Dubai Properties will help you take the right & secure decision. 

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