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Rightly known as a haven for investors, Dubai real estate is cruising.
As an investor, the first step, apart from managing finances, is to select the property type. In Dubai, there are numerous types of residential properties. However, there has always been a close tie between apartments and villas.
Better Choice Between Apartments and Villas In Terms of ROI
Let’s take a look at the potential of these two types of properties for investors:
Apartments
More Suitable for Small Families
Found in almost every community, apartments are considered to be more suitable for smaller families. Apartments for sale in Dubai, UAE generally include two or three bedrooms. You can find studios and 1-bedroom apartments as well.
The apartments, particularly the ones nestled in the latest projects, are laced with modern amenities and facilities. The developers of the latest residential projects take great care of the well-being and comfort of residents. Thus, these projects come with one or more swimming pools, a gymnasium, a play area for kids, and other such amenities. Furthermore, they offer enhanced security as advanced measures are in place.
So, smaller families looking for living spaces mostly prefer apartments over other types of properties. The demand for apartments is generally perceived to be on the higher side. This is the major reason why investors prefer putting their money in these residential units.
A Communal Lifestyle
Apartments offer a communal lifestyle in the truest sense. There are multiple units positioned on every floor. Thus, neighbors find plenty of opportunities to meet and greet each other. This promotes a culture of harmony and peace as people belonging to different parts of the world live in the same building.
This is another reason why investment in apartments is popular as many families desire to enjoy a communal lifestyle.
Villas
The Changing Trends
Just like the global pandemic changed our way of living, it has also brought a lot of changes in various industries and the real estate sector is no exception. Earlier, studios and apartments were considered to be hot properties but now, things have changed.
The pandemic has made people realize the importance of bigger spaces. Thus, the trend has shifted toward villas. Real estate agents, too, have confirmed the same. Many agents have received a higher number of queries for bigger living spaces instead of apartments.
So, if you have a budget to invest in villas, it’s certainly a better idea to invest in this type of property.
Suitable for Bigger Families
Villas are suitable for bigger families as they have more rooms. You can even find villas having 5 or 6 rooms, depending on their structure and area they cover. Thus, bigger families prefer living in villas as it matches their needs.
Sole Authorities Over Amenities
One of the major reasons why the demand for villas is never going to die is that they offer a lavish lifestyle. Unlike apartments, residents of villas do not have to share their amenities with others. They have sole authority over amenities whether it is a swimming pool or lawn.
Having said that, keep this factor in mind that villas are more expensive and cater to people who have surplus money. So, the market of both these dwellings is quite different.
Final Thoughts
All in all, the ultimate selection is reliant on your budget. As stated above, villas are expensive. They will need bigger investment. On the other hand, offers for apartments can be a little economical depending on where you are looking for.