hi .....I want to buy a studio apartment in Jumeirah Lake Towers or Discovery Gardens ... is it a good investment for rent purposes or not ??? and what about the annual fees ?
and if its not please give me your advise how can invest my money (about 350 000 AED) in a property.
thanks for help...
The decision to invest in Dubai is really good especially considering the current situation of its real estate sector. As far as you have asked about investing in Jumeirah Lake Towers or Discovery Gardens, both areas are performing well and you have handsome budget to buy a studio apartment in any of these areas. You can get a studio apartment in JLT, easily. If its me, I would prefer investing in Jumeirah Lake Towers as its properties always remain in high demand and you can get a good and steady return on your investment. The listing agent will let you know the annual fees of any of these areas.
You can check different studio apartments of Jumeirah Lake Towers over here.
The choice of investment must be entirely yours and you can view different properties and choose the one that you like the most and then contact the listing agent to proceed further.
First of all I would like tot ell you that now is a good time to invest in high end and high demand areas o Dubai. Property is showing signs of recovery in Dubai and we are not likely to see these prices ever in the future.
Between Discovery Garden or JLT, my choice would be JLT too, simply because of better location, quality, and higher demand. You are expecting a rental return of 6 to 10 % per annum on your investment so thats is awesome as an investment opportunity.
Kust one thing which you might want to consider is to increase your budget a little and invest in Marina. We all know that Dubai Marina will always remain the most in demand location of Dubai and first choice of investment for investors when investing in apartments.
Hope this helps and all the best with your investment.
thank you Mr zeeshan for your help.
actually i want to ask you one more question if you dont mind .
if i bought a property in dubai can i sell it in future ??
Of course you have the option to sell it anytime in the future. There are no restrictions on selling your property.
When you buy a property in Dubai, you do have to get it registered under your name through the land department and after that you can sell it at your leisure,
I have been in Properties for last 3 yrs, and this is a good time for investment with good returns. If you would like to invest in properties. I can advise you on same. Since i am working for Damac Properties. For Further info please email or call me.
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