It Is Good to Own an Apartment in Dubai for More Profit

The demand for studios and apartments is rising again in 2024. Some developers have already sold the first phase of their apartment and studio projects and are now working on the next phase of the same type of properties. ELO by Damac Properties is getting very popular and ELO 3 has already made a buzz in the market.

The investors are very much interested in buying apartments or studios located in a prime location In Dubai. This is because from the year 2024, the demand for rental houses has increased by a good percentage and DLD has now also allowed the property owners to increase the rental price for new agreements. 

People from other countries are coming to Dubai for different reasons like to spend holidays or to look for a job or to start a commercial activity. Dubai also has been able to maintain its economy in difficult periods when other cities in the world were slowing down and some of them saw no property sales at all. 

Every apartment property in Dubai is modern and some of them are extra luxurious just like an expensive villa. The other good thing about apartment projects is that these types of properties are also available in mid-rise and high-rise buildings having the necessary amenities required for a comfortable lifestyle. 

Builders like Danube Properties and Binghatti Developers are among those who have delivered a number of apartment properties and are also working on new projects which will also have apartments with new floor plans according to the contemporary requirements.  

Properties like Petalz by Danube were delivered before the given Date which has attracted a lot of people who are looking to buy a house to consider properties that are located in Dubai. Danube has already launched its collection of new apartments called Diamondz. This is also going to do well because several apartments are already sold because of the attractive payment plan. 

Binghatti is planning several new projects in 2024 like Phantom which was started its sale a few months ago and its apartments which were priced AED 1 million was sold in huge numbers and it is now not available and properties with AED 1.5 million are now being sold which is also a fantastic choice for those who are looking for a good investment or a luxurious house in a prime location. 

Not only this but Binghatti also launched One by Binghatti in Business Bay and Binghatti Hills 3 in Dubai Science Park which are also additions to the apartment properties in Dubai that are available with modern amenities and new floor plans with more space. The first phase is sold quickly so the developer has to launch its new phase sooner for the interested buyers. 

Some communities have more collections of apartments like Jumeirah Village Circle(JVC) and Sobha Hartland 2. These communities have good connectivity to other popular locations like malls, entertainment zones, shopping streets, and airports. The prices of properties here are in huge demand because of the high returns and rental income that it provides to those who own a house here. 

Sobha Realty has built a collection of apartment properties in Sobha Hartland 2 and Skyscape Avenue is the new launch in 2024 where buyers can buy luxurious apartments with world-class apartments. There are other options also available like the different phases of Riverside Crescent which also includes 1 to 3-bedroom apartments with an open view of the community and the same amenities. 

Now let us talk about the benefits of buying apartments in Dubai. First of all, it is easier to maintain apartments than bigger properties like townhouses and villas. Second it costs less than villas but has several amenities that are provided in other expensive properties. Third, it is also quick to find tenants for the apartments because normally people from other countries look for cosy apartments to live in. 

Apartments are also sold with more profit. This is because the price of this type of property rises very quickly and sometimes the price increases are in a higher percentage than other types of property so the profit also increases. Normally there is around 7 percent of price rise in every year and it can touch double digits for the popular projects from builders like Damac Properties and Emaar Properties.

Apartments in Dubai are still a better choice to make more money. People from other countries like India, Russia, and now Europe also look for new properties in Dubai that are available at attractive payment plans so that there is not so much of a burden on the buyers and they can own their favourite house in a prime location. In 2024 the sales of apartments have increased a lot where investors are in good numbers for purchasing such properties.