Why you should invest in a property near a landmark

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In a real estate market boom, buyers tend to clamour for properties almost anywhere. However, when the party is over, those that choose the best location will be left with properties that appreciate at a slower rate. Therefore, when buying a property in Dubai, it is very important to consider the location.

The Dubai property market has been showing growth in the last few years. Right now, you will find numerous off plan projects in Dubai with very affordable prices & placed at prime locations. For instance, there are several apartments for sale in Dubai, one of the most popular neighbourhoods in Dubai:

Reasons why you should buy a property near a landmark

• High return on investment

One of the biggest benefits of investing near a landmark is the impressive return on investment. Dubai is a very popular tourist destination that attracts millions of visitors every year. The city hosts some of the notable landmarks such as the tallest building, the biggest shopping mall and others. So, if you invest in a rental property near any of these landmarks, you are guaranteed good rental returns.

• Resale value

‘Location, location, location’ is a common phrase in the real estate industry but most people do not know what it means. When it comes to determining the value of a property, location is the biggest factor to consider. As mentioned earlier, a property placed in a good location depreciates at a slower rate. Therefore, when it comes to reselling, the property owner will likely get a better offer.

• The neighborhood

The neighbourhood where the landmark is placed is an important factor to consider. A good neighbourhood should be accessed easily and have all the necessary amenities, such as the upcoming Emaar Beachfront Apartments. In terms of accessibility, it is good to choose a neighbourhood situated near major routes and more than one entry points. Commuting to and from work is a big part of most people’s day. So, a property with easy access is more desired than one tucked away.

On the other hand, a good neighbourhood should have all the necessary amenities such as grocery outlets, restaurants, banks and schools. A house is less attractive to buyers if they will have to drive a great distance to get anything.

• Development

Apart from the present amenities, future developments also matter. Plans for schools, hospitals and other public infrastructure can significantly improve in the area. When looking for a property to buy, try to find how the new developments will affect the desirability of the surrounding.