good to rent, great to invest

Most residents in Dubai rent their accommodation and following the unreasonable rental prices in the emirate in recent years, the rental market has become more realistic of late.

This can only be a good thing for all concerned. With rents that offer value for money, the population is now spreading out across Dubai, occupying a wider range of property here. The traditional diaspora to Sharjah, where rental prices were lower, is now reversing as more people take advantage of lower prices in the city where they work.

Owners who buy to rent are also reaping the benefits. While it is true that the short-term boom has now passed, the rationalisation of the property industry is now beginning to take effect, giving investors a real opportunity to make long-term profits

As the cost of ownership drops, bargains can be found that can quickly realise their value through renting. And as the property market grows, Dubai properties offer an excellent opportunity for profit through future sale prices.

Buying to rent is the best way for a property to pay for itself before making a significant long-term profit.