If you are a landlord, then you know how difficult it can be to collect rent from tenants. Sometimes, they are a few days late. Other times, an economic collapse may cause tenants to be unable to pay the rent. This will eventually lead to costly eviction proceedings and possible reputation damage on your end. There is a fine line to walk between being too aggressive and too passive when collecting rent as the former will cause reputation damage, while the latter could lead to a significant monetary loss.
Fortunately, there are some areas of the world where collecting rent will not be something that will be an issue. One of these places is the city of Dubai in the United Arab Emirates (UAE). A city full of rich Emirati citizens and expatriates alike, most residents do not move to Dubai unless they are sure that they can afford it. This is especially true of expatriates, who relocate from a different country, so they will not only have to afford living in Dubai, but also afford to move to Dubai to begin with. Expatriates are wealthier when they move to Dubai because their native currency – whether Euro, Pound Sterling, or US Dollar – performs very well against the currency of the UAE, the dirham (AED). This makes them even wealthier and even more able to afford to live in Dubai.
If you are a owner and want minimal hassle when collecting the rent, read on to discover the villas of Dubai in Dubai.
The family-oriented community of Dubai is located within Dubai Sports City and has a community center that is currently under construction. It is home to the Ernie Els 18-hole championship golf course as well as the Els Club. The neighborhood is near Al Khail Road, Emirates Road, and 311 Road. Finally, it is located near the communities of Dubailand, the City of Arabia, and Motor City.
Villas for rent in Dubai are known for their upgraded interiors. The standard villa comes with 5 bedrooms and 6-7 bathrooms. There are currently only two villas available for rent In Dubai.
The typical villa for rent in Dubai has a barbecue area, a gazebo and outdoor entertaining area, a laundry room, a maid’s room, a storage room, and a study. It also has a fully fitted kitchen, as well as at least one balcony. The villa also has central air, an intercom system, and a jacuzzi, as well as a private garage, private garden, and private swimming pool. Finally, tenants who rent a villa in Dubai will gain access to 24/7 security services.
The neighborhood of Dubai is home to a bank with an ATM, a shopping mall, as well as restaurants. There are many sports facilities to enjoy, such as a basketball court, a golf club and clubhouse, squash courts, and tennis courts. Residents can also take lessons at the sports academies found in the area. Children can attend the nurseries and schools in the area. Those who want to exercise can use the cycling tracks, gym, shared swimming pool, and walking trails. The religious can attend the local mosque. Finally, this area is served by public transportation.
The price of the two villas for rent in Dubai ranges from between AED 3,750,000 and AED 6,200,00. Though there is currently only one villa for rent in Dubai, it can be assumed that tenants will be from the upper class and beyond with children and pay an average of AED 330,000 annually in rent. This means that it will take between at least 12 and 18 years to make a return on investment on the property in rent payments alone, making this a medium-term commitment.
Conclusion
The main draw of Dubai is the number of sports that can be played. From the Ernie Els championship golf course to the squash courts, the neighborhood has nearly every sport you can think of. This is appropriate because Dubai is a smaller community within Dubai Sports City, which is themed around sports.
For landlords, buying a villa is a medium-term commitment and a profit can be made on the property through rent payment alone in just under two decades. This requires a landlord that is patient enough to wait over a decade to get a return on investment; however, a profit can be made in 12 years if the value of the property is low enough and the rent payment is high enough.
If collecting rent from wealthy tenants and making a profit on your property sounds like a something you would enjoy, get a villa for rent in Dubai today!
