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Dubai is continuously being associated with lucrative property investments and real estate projects. Establishing itself as a prime tourist location and business hub, the metropolitan city boasts an exclusive portfolio of iconic landmarks such as the tallest building in the world, the Burj Khalifa and the developing areas of City Walk, to name a few. Nevertheless, Dubai will not achieve its successes without the talents of its local business entities. And one such company has regularly been associated with most of its accomplishments: Meraas Holdings. Hence, what better way to introduce Meraas on its established reputation by portraying its next success story in the making: CherrywoodsTownhouses . Cherrywoods Townhouses by Meraas is one of the new off plan projects in Dubai expected to be completed by the year 2021. Located between the Emirates Road and Cherrywoods’ Al-Qudra Road, residents and guests alike will find its accessibility a boon to commute to other notable to
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Within the first six months of 2019, sale prices have continued to decrease in Dubai, leading to a consequential increase in rental yields with The Palm Jumeirah, Al Barsha, and Downtown Dubai being exceptions. The average sales prices per sqft have been studied in the 10 most in-demand Dubai communities, comparing changes in gross rental yields between January – June 2019 with the corresponding period in 2018. Purchasing an apartment in Dubai’s most coveted communities Despite the high price per sqft in Downtown Dubai, Palm Jumeirah and Dubai Marina in 2019, these areas are highly sought after by many apartment buyers. These communities have many off plan properties in Dubai to invest in. The rental yields in Dubai Marina, the most in-demand community, saw a modest increase, jumping to 6.2 percent in 2019 from 6.0 percent in 2018. Rental Yields As of January – June 2019, the communities with the greatest potential for high gross rental yields include Jumeirah

How to Ensure Your Off-plan Investment Strategy Serves Your Goals

The prospect of excellent capital returns has generated much of investor interest in off plan properties in Dubai . The success of this endeavor will always depend on a slew of factors, the most important of which is strategy. Real estate has always been an inherently risky investment as the promise of great returns is not always guaranteed. This is particularly true for off-plan properties. However, the associated risks and uncertainty  can be tempered by a carefully considered investment strategy. This guide will get you started on creating solid off-plan investment strategies that will best serve your financial goals. Identify your objectives It is essential to identify your objectives as they will drive all your investment decisions. If the main goal of off-plan property investment is capital preservation (i.e. avoiding the risk of losses as much as possible), then perhaps a more conservative approach is the best way to go. On the other hand, if your primary objective is capita

Consider these things before purchasing an off-plan property in Dubai

Buying an off-plan property is considered one of the most lucrative forms of investments in Dubai nowadays. Both buyers and investors are drawn to this real estate opportunity as it believes to create profit in the future. Off-plan properties in Dubai is proven to have a good return on investments (ROI) knowing that you are dealing with the right property developers in Dubai as well as prices are lower compared to the secondary market. Here are the things you need to consider before purchasing an off-plan property in Dubai. Budget matters You should know how much money you need and afford when you’re planning to buy an off-plan property in Dubai. Finalise the size of the property you need, whether 1, 2, or 3-bedroom because it will definitely affect the price of the unit. There is also a wide range of affordable and luxury off-plan properties available for sale across Dubai. Narrow down your needs and lifestyle you prefer and by that you’ll be able to know how much mo