What Tenants Will Live in Villas for Sale in Dubailand?
One of the essential goals of a landlord is to make sure that they have the right tenants in their apartments. These tenants will be easy to get along with, pay the rent on time, and note any apartment repairs. They will not refuse to pay rent on condition of repairs being completed, lose their job and be unable to pay rent, or move out after becoming discontented with the landlord.
Different landlords will get along with different tenants, and the reverse is true. Some tenants will value landlords who frequently visit the apartment, make repairs, and conduct regular inspections. Meanwhile, other tenants simply want to pay the rent to the landlord and wish the landlord to be mostly absent unless there are cases of emergency.
Naturally, landlords will want to invest in diverse cities. This increases their odds of having the right tenants live in their apartments. One such place where landlords can invest in is Dubai, a city in the United Arab Emirates (UAE). Here, there are themed areas, areas for the middle class, and areas for the wealthy.
Using clues left by the area’s rent prices, the amenities offered to tenants, neighborhood attractions, and villa features, a landlord who wants to lease villas can figure out what neighborhoods in Dubai will be the most likely to attract tenants that they will get along with.
If you are a landlord who wants to invest in villas for sale in Dubai, read on to discover the tenants of Dubailand.
From the Middle Class and Beyond
First, to understand the economy in Dubai, you first must know that the currency that Emiratis and expatriates use is the dirham (AED). Expatriates are generally wealthier than Emirati citizens because the currency exchange rate will almost always favor their native currency.
Then, you must understand that the middle class in Dubai ranges from approximately 73,000 AED to roughly 128,999 AED in annual wages. Armed with this information, you can then look at the price of villas in Dubailand.
Finally, you can thing look at villa rent prices in the area. The villa with the least expensive villa is a two-bedroom property with an annual rent 65,000 AED, or 32,500 AED if both heads of household are paying the same amount in rent. Meanwhile, the most expensive villa costs 135,000 AED, or 67,500 AED if both heads of household are paying equally. This number will adjust upwards when the cost of entertainment, groceries, necessities, and utilities are added in, meaning that the higher range of the middle class should have no problem affording this apartment.
They Like the Outdoors
While there are not many features nor amenities offered in the villas currently for rent, you can still tell the potential tenants will like the outdoors. First, there is a back deck, where residents can sun themselves or entertain guests. A balcony and terrace are both grant for entertaining as well as breathing the fresh air and feeling the warmth of the sun. Finally, a landscaped, private garden is perfect to relax in for those who enjoy nature.
They Are Physically Active
Finally, from the neighborhood features, a landlord can predict that their tenants would likely be physically active. There are numerous sports facilities in the area, including basketball courts and soccer fields. There are also many ways to exercise, from cycling and jogging tracks, to walking trails. There is a community swimming pool. Finally, there is a gym in the community.
Conclusion
One of the keys to a landlord’s success is finding the right tenants. To find the right tenants, landlords must look for the right neighborhoods to invest in. Using clues from amenities offered, villa features, rent prices, and neighborhood attractions, a landlord can make broad predictions about what types of tenants will live in the neighborhood.
If you are a landlord looking to invest in Dubai and your ideal tenants are from the middle class and beyond, enjoy the outdoors, and are physically active, now is the best time to buy a villa for sale in Dubailand!
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