4 Tips To Identify Sellable Real Estate Properties In UAE
Starting a real estate business can appear daunting at first, with your main concern being what type of property to invest in. When you first start looking at houses in different areas, you may come across some artistic beauties. However, the surrounding areas may fall short of your expectations, or the property may turn out to be underpriced. Here are 4 Tips To Identify Sellable Real Estate Properties In UAE.
- Location of the Property
- High Appreciation Rate
- Lower Maintenance
- Positive Cash Flow
1. Location Of The Property
The most desirable feature of a real estate property that sells is its location. A good area, on the other hand, isn't one with overpriced houses secluded and far out in the desert. One of the most obvious signs of a sellable property is its location, which is close to basic necessities such as schools, parks, and transportation. It should be in a safe neighborhood with a low crime rate and a reasonable rent for the area. A location with high amenities and future development in the process can be more advantageous because it can provide several benefits to both you and your future tenants/buyers.
2. High Appreciation Rate
It is important for your properties, like all other assets and expensive gadgets, to increase in value over time so that they can be sold at higher prices. Abu Dhabi now has a plethora of neighborhoods. And none of them have the same ability to generate ROI. As a result, you must conduct thorough research on the type of property and location to ensure that the property you are purchasing has a high appreciation rate. With recent updates in the UAE real market there are many exciting projects like (Saadiyat Lagoons, Yas Park Gate, Yas Park View) offer promosing appreciation rates are worth it to consider.
3. Lower Maintenance
In order for a property to be sellable maintenance and upkeep are required therefore, it is important to properly maintain the residence and keep it up to code.Some expensive properties and rental homes may necessitate more maintenance than others, as many houses with centuries-old infrastructures. With these expenses, you may find yourself stretching your budget and earning less than you spent on the properties. So you need to find properties that require the least amount of expenses to maintain in good condition for new residents in order to make a good profit.
4. Positive Cash Flow
Positive cash flow indicates that your properties do not cost more than they provide. Positive cash flow is important for a good rate of return on investment property. There are numerous online tools (calculators) available to help you determine the cash flow for your chosen property. The rules are simple: if it's positive, go for it. You should not buy it if it turns out to be negative.
Conclusion:
The most desirable feature of a real estate property that sells is its location. It should be in a safe neighborhood with a low crime rate and a reasonable rent for the area. A good area, on the other hand, isn't one with overpriced houses secluded and far out in the desert. Positive cash flow is important for a good rate of return on investment property. Negative cash flow indicates that your properties do not cost more than they provide. The rules are simple: if it's positive, go for it, You should not buy it if it turns out to be negative.
Contact us today for help finding the perfect place to rent or buy in Abu Dhabi.
