Dubai, UAE, 7th September 2014: SOL Properties present the top factors influencing a customer’s property buying decision. With its buoyant real estate market, the emirate is a popular destination for both domestic and international investors looking to both splurge on property and bag a bargain.
Demand for prime real estate is expected to keep rising as Dubai’s
construction sector bounces back from the economic crash in 2008. With the
emirate also spending billions of dollars on real estate developments,
megaprojects, such as Mohammed bin Rashid City, hotels and infrastructure in
the run up to Dubai hosting Expo 2020 in six years’ time, investors are keen to
get a slice of the property pie. Dubai Sports City, Dubai Marina, Downtown
Dubai, Jumeirah Village Circle, The Springs, Arabian Ranches, are among the
preferred residential spots in the emirate.
“With the experience we’ve gained while
operating in the real estate market over the last 40 years, we see a growing
need for an ultra-modern residence, good location, and access to amenities,
flamboyant ambience, state-of-the-art appliances and frames, security systems
and more. We are glad we chose Dubai Sports City to mark our exclusive gated
community – Bloomingdale,” says Pawan Batavia, Director of Synergy Properties, real-estate partner.
Adding on, Pawan
defines essential elements of an ideal property for investors as follows.
1. Location
We believe the ideal
locations are ones that have good schools with proximity, the right amount of
entertainment as well as shopping facilities. Public transport and the
healthcare facilities within that area are also essential.
2. Layout of the
property
Once the right
location is found, it is up to you to analyze the built up area of the property
in order to determine how well it would suit your preferences. The layout of
the rooms is always important to be checked while a spacious open plan kitchen
seems to always be the preferred option. A good property should also include
enough storage space while a maid’s room within the house is a plus point.
3. Property finishing
Expectations should
always be set realistically when judging the types of materials and finishes to
be seen throughout the property. When shopping for high-end homes, it is safe
to expect features that include wooden floors and granite countertops while on
the other hand the less expensive properties may feature vinyl flooring,
kitchen and bath laminates. When and if you do see materials that exceed your
pre-set expectations, consider it an advantage when comparing it to other
properties within the same price range.
4. Neighborhood and
Hygiene
While you can be
comfortable in your own home, you must also be contented with the location and
proximity to the neighborhood as well. Safety, efficient sewage and noise as
well as air pollution must be considered.
5. Developer profile
Always choose
developers based on market reputation, experience and consistency with respect
to all commercial aspects of the property. Their projects would tend to be more
reliable and are less likely to have any construction errors thanks to their
years of experience within the field.
6. Security
The property must be
a safe environment to live in. Factors such as attached garages, gated
communities, attached security systems and fenced backyards are considered to
be of great value in terms of the future of any property.
7. Price
Do not get carried
away by cheap prices. One of the common mistakes investors tend to make is
getting carried away based on the prices advertised by builders. A reputed real
estate developer would stick to the actual reasonable prices as cheap pricings guarantee
no quality.
8. Amenities offered
The amenities
offered tend to increase the value of a property by helping make it more
desirable and worth investing in. Everything within a property from the
materials used to the lighting, landscapes and swimming pool are all factors to
be carefully reviewed before the decision is made.
9. Accessibility
Ensuring the ease of
access to and from the property is another important factor to be reviewed due
to the fact that traffic congestions and long detours are not unheard of around
the residential communities in the city. A central location with the
availability of public transport and easy access makes the property worth
buying.
10. Better returns
Properties in Dubai
have traditionally been seen as good investments due to their good return rates
in terms of capital appreciation. Properties such as villas located within good
communities have proven to actually sell faster than apartments within the
market in most cases making them the better investment.
Bloomingdale - a
gated community consisting of 72 Villas in the Sports City and one of 250 total
projects built by SOL properties Bloomingdale, an ideal property offers four
and five bedroom villas, each of which features an open plan modern kitchen,
dining and living area with balconies overlooking the beautiful landscape
within the community. Some of the other features that the buyers get with this
project are the stylishly designed master bedrooms with wooden flooring, walk
in wardrobes and two en-suite bedrooms other than the master bedroom to ensure
plenty of space and comfort. The villas also boast a spacious roof garden with
turf grass that’s ideal for a barbecue along with the big storage areas and
extra maid’s room.
