This blog was selected based on popular demand. Many people have asked this by way of FAQ lately, and it is pertinent to address it. It is quite understandable that people want to know if they are investing alone in certain locations in Dubai (no one wants to be alone so), or perhaps they would like to know the caliber or category of persons who also invest in those places. If you are curious for one reason or another as to those who buy real estate in Dubai Hills, then read on for more information below.
Property Owners in Dubai Hills
There are three major categories of persons who buy apartments in Dubai Hills, the private intending homeowner and migrant, the private investor and business person, Companies and Organisations, Realtors and Real Estate Agents.
- The private intending homeowner and migrant is the first category of persons buying real estate in Dubai Hills. They usually comprise individual migrants who leave their home country or move from other areas to the Dubai Hills. These migrants usually want value for their money. The luxury they order often depends on how much they can afford, but their choices are overall based on comfort. Singles could go for a studio apartment or single bedroom, as the case may be. But families often want larger-sized homes and compounds. Either way, this category of buyers wants to get the best out of their monies. They look into the Dubai Hills because of the comprehensiveness of the environment, the serenity of the area, and the beauty of the towers. They are often also attracted by family comfort zones like parks, malls, supermarkets, gym areas, etc., and they often plan to stay long-term on the hills.
- The Private Investor and Business Person
The private investor and business persons purchase property in the Dubai Hills for commercial purposes. These categories of persons are very interesting as they may be locals or foreigners. They buy to resell, buy to rent out or buy to spend holidays and work times, and then lease out when it is unoccupied. Private investors find the Dubai Hills a good spot because of the diversity in the area and the high demand for properties. Private investors, in this sense, may come in by way of a resident permit or maybe an Emirati. This category of individuals goes for smaller units than families, except big-time investors who purchase villas and penthouses.
- Companies and Organisations
Thirdly are, companies and organizations looking for places to run their business. Many corporations have offices in the Dubai Hills. These companies target the residents of the area for marketing and advertising purposes. Although the units on the Hills are largely residential and designed for domestic use, there are some fitting for company and office use, and companies patronize them. Businesses such as laundry, hospitality and food or service providers operate from offices on the Dubai Hills. They may be indigenously owned corporations or internationally branded. Companies that own their own landed property save money through that method, as they will only have to maintain the premises, and they can resell at profitable rates when there’s a need to expand. Many properties such as this are available. Read more on the official website Emirates.Estate.
- Realtors and Real Estate Agents.
The final category of people patronizing real estate in Dubai Hills are realtors and real estate agencies/ companies. As usual, this research category gathers information about the area’s prospects and invests in them. Realtors who purchase, maintain, and place rentals to immigrants or may resell under special plans that allow them to earn some reasonable sum from the transaction. Some properties are marketed by those who commissioned the projects (i.e., the Developers) themselves, while some realtors have purchased them for reselling purposes.
Conclusion
From the above, it is clear that you will not be alone in your investments in the Dubai Hills. However, according to experts, you should care less about who’s investing and focus on what kind of investments are available and how they can be profitable. We suggest you read up on our official aggregator’s website to gather more information about life in Dubai Hills, the prospects for investments in the area, find the best options, and avoid becoming a victim of myths. The wide range of properties includes offers from the best real estate developers and agencies in the market.