What Tenants Will Live in Apartments for Sale in Jumeirah Beach Residence (JBR)?
If you are a landlord, you may have heard about the diverse city of Dubai. Located in the United Arab Emirates (UAE), Dubai is a perfect place to find the right tenants because of how diverse the city is. There are rich people, middle-class people, those who enjoy sports, and those who are obsessed with cars. Almost every neighborhood will fit the needs of its residents, and almost every landlord can find the best type of tenant in Dubai.
Dubai is also home to a sizeable expatriate population. This population is wealthier than the average citizen of Dubai, or Emirati. This is because UAE uses the dirham (AED), and expatriates from all over the world enjoy a favorable exchange rate when they convert their native currency to dirham.
Finally, if you successfully interpret clues in the neighborhood left by rent prices, amenities offered, neighborhood attractions, and apartment features, you will not only find the best neighborhoods to invest in and, thus, the best tenants. This will ensure your success as a landlord.
If you are a landlord and are looking to invest in apartments for sale in Dubai, read on to discover the potential residents of Jumeirah Beach Residence (JBR)).
From the Middle Class and Beyond
First, you can predict that your potential tenants in JBR will be from the middle class and beyond. According to Salary Explorer and other salary aggregate websites, the lowest average annual salary in Dubai is 57,720 AED, while the average annual salary is 258,000 AED.
Meanwhile, the least expensive apartment in Jumeriah Beach Residence (JBR) is a studio apartment with a yearly rent of 50,000 AED and the most expensive apartment in JBR is a four-bedroom apartment with an annual rent of 700,000 AED. If all four bedrooms were occupied by one person and they all paid equally, they would contribute 175,000 AED.
This range, from 50,000 EAD to 175,000 AED, will adjust upwards when the cost of necessities, utilities, groceries, and entertainment are added, and might eclipse the lowest average annual salary in Dubai. Thus, you can safely say that the middle class can afford these apartments, but those with the lowest average annual salary will have a tight squeeze.
They Like Exclusive Amenities
Next, you can predict that your potential tenants in JBR would like to have exclusive amenities. First, there are 24/7 security, maintenance, and concierge services. Then, there is access to a business center and a laundry service. Amenities become more exclusive with access to a gazebo and outdoor entertaining area and private beach access. JBR residents will also receive a valet service, which iso ne of the rare amenities. Finally, the most exclusive is perhaps the fact that residents will have a private swimming pool reserved for just those living in the tower.
They Like to Spend Money
Finally, you can predict that your potential tenants at JBR would like to spend their money. First, there are many bank branches around JBR. Second, residents can relax and spoil themselves at the beauty salons and spas. Beach bars, cafes, restaurants, and retail stores are also found in JBR. JBR is also home to the Walk, Dubai’s premiere tourism, shopping, and fine dining destination. The Dubai Marina Mall is also nearby. Finally, residents can go skydiving at the nearby Zero Gravity Dubai for a once-in-lifetime experience.
Conclusion
The key to your success as a landlord is finding the right tenants. To find the right tenants, you must invest in the right neighborhoods. To find the right neighborhoods, you must read clues left by rent prices, amenities offered, apartment features, and neighborhood attractions.
If you are landlord who is interesting in investing in apartments for sale in Dubai and would like having tenants who are from the middle class and beyond, who like exclusive amenities and to spend money, now is the perfect time to invest in apartments for sale in Jumeirah Beach Residence (JBR) today!
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