Studio apartment in Dubai, is a highly purchased property type and it comes with ample benefits, so are you planning to buy a studio? Check out all its benefits and meet a lucrative decision.
Property of any type is considered a lucrative form of investment and as far as Dubai is concerned, then it is a million-dollar deal, but why? Because the property sale increased by 57.4% year on year, and along with this, the government allowing freehold property ownership adds true investment support.
This Time Are You Planning To Invest In Dubai Property?
Then this blog will be fruitful for you because we are going to talk about the highly sold-out property “STUDIO APARTMENT” under AED 1 million with the highest ROI, so before we discuss the benefits of studio apartments, it is important to know that in all three Quarters of 2022, more than 65 percent sale is for studio apartment with more than 8% return over investment.
WHAT ARE THE BENEFITS OF A STUDIO APARTMENT IN DUBAI?
As studio apartment is affordable so it comes within the budget and the maximum goes up to AED1 Million. And with this, it has built up an easy asset for novice investors who are having limited budgets.
The studio apartment is considered the safest investment and this makes it alluring enough for home buyers and investors. As mentioned above studio is a highly preferred property where its sale & demand goes up every year.
As Dubai is a top tourist spot so demand for studio apartments gets double every time and the high occupancy rate benefits the owners overall, perks up property value and resale value both.
| LOCATION | AVERAGE SALE PRICE | AVERAGE RENTAL |
| Dubai Hills Estate | AED 890,000 | AED 52,000 |
| Dubai South | AED 326,000 | AED 20,000 |
| Al Furjan | AED 411,000 | AED 27,000 |
| Sobha Hartland | AED 779,000 | AED 46,000 |
So the above table gives you a fair idea of the average sale price and its rental so that it becomes easy to evaluate the percentage of profit, and as far as the location is considered, so the mentioned communities such as Al Furjan, Sobha Hartland, Dubai South, and Dubai Hills Estate are some of the top areas where buyers can find affordable studio apartment.
The studio apartment comes out as more efficient and adds an environmentally friendly lifestyle where confined space uses less energy, water and other resources, to understand it more look below:-
So this way it is easy for you to manage everything in one go, and this eventually saves time that can be used for other activities.
The studio apartment is scattered over a limited space to keep only needed things on display, so this way you organize your living and space both, also the above-mentioned points together make living here more efficient and effective for you.
Now with the tight schedule and more job-oriented generation, they look for smart and effective spaces where without exertion & sweat they can manage their home easily, and also the space is easily convertible into their workspace to manage both professional and personal life.
And also, the maximum sales for studio apartments make it a smarter choice for upcoming investors and home buyers.
The demand for studio apartments is way high than other property type such as villas, townhouses an penthouses, so it can be a good source of additional income for anyone seeking for fruitful investment in Dubai with better rental & ROI.
After keeping all 7 benefits of studio apartments in Dubai, one can decide its worth and plan for property investment in Dubai which is considered as the safest and cheapest cities in the world and then investment in real estate is a game changer especially after allowing freehold property ownership in Dubai.
So for more lucrative options, Dubai Housing is a better platform that provides you filtered and prominent range of studio apartments by top-notch developers- EMAAR, Sobha, Danube, Nakheel and more to easy have a secured investment.
In addition to this, if want to know more about the properties and communities before buying a studio, then Dubai Housing ensures 100 percent assistance.
Simple because it has single room with combined living, dining and kitchen space, sometimes with balcony.
Yes, it is worth living in studio apartment and best for professionals, bachelors or a set of two people together with less effort in cleaning and maintenance.
It is easy to maintain and comes with easy living where managing it is an easy peasy task for anyone, so this is how it makes studio apartment different and better than other types of properties.
Minimum 2 and maximum 4 people can easily live in a studio apartment in Dubai.
It is used by people who stay alone and then it is a popular type of property amongst both buyers and tenants for good rental and easy investment.
Kapil Makhijani is a Senior Property Advisor at Honey Money Real Estates (ORN: 28658), with over 6 years specialising in Dubai residential investment and NRI portfolio strategy. His background in... Read More
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