Investors from all across the globe are investing a huge in the real estate market of Dubai and this is the reason why we could see a rise in the development of properties in this city. This is not only benefitting residents, but is also benefitting landlords. If you are wondering how is that possible, then this article is going to showcase different sides to this scenario by taking into example the rental demand at DAMAC Riverside. As it is pretty evident that there are several DAMAC Luxury townhouse and villas in Dubai, they come with a lot of opportunities for buyers who wish to rent out their properties.
Why this property appeals to tenants?
If you haven’t made a visit to the property as of yet, then I must suggest you to reach their by following the DAMAC Riverside location map. Once you reach the property, you will know it for yourself why it appeals to both buyers as well as landlords. Since the property seems to offer a great return when you rent it out, therefore, it is a great choice for investors. The property features waterfront living, essential oil lakes, floating fitness zone, and lush green parks. Hence, this variety at the DAMAC Riverside appeals tenants who wish to cash out their properties.
Advantages of its strategic location
Most DAMAC Luxury townhouses and villas in Dubai are situated at such a location that is close to major conveniences of the city. Particularly speaking about Riverside, it is present between two major airports of Dubai. Apart from that, it shares good connectivity to Expo City and some of the most influential and growing business hubs of the city. If you are a tenant, who have to commute on a daily basis, you will be able to commute easily as the property is situated close to highways and key locations of Dubai. In short, accessibility to different locations boosts rental demand of the property at this area.
Rental yields and opportunities for landlords
Properties in Dubai are known for offering competitive rental yields and they comparatively offer higher yields that many global cities. Units at properties such as DAMAC Riverside are limited in number, but their demand is higher. This hints towards that fact that landlords may earn a steady rental income alongside capital appreciation at these properties. Here’s how landlords are expected to benefit from it:
· Family-friendly property
· DAMAC Riverside location map shows it to be situated close to major conveniences
· Offers lifestyle-focused amenities
· Flexible rental options (short-term and long-term)
Conclusion:
Residential units at DAMAC Riverside are more than just a home, they are a lifestyle destination. Landlords can easily extract rental income and turn them into healthy yields. In short, it turns out to be a great investment opportunity from the rental perspective.
FAQs:
What type of properties are available at DAMAC Riverside?
There are 4 and 5-Bedroom apartments available for buyers at this property.
Is this property suitable for long term rentals?
Yes, this property is suitable for families as well as professionals who wish to reside here for a longer duration.
Is it possible for a landlord to offer this property for short-term rental?
If landlords are targeting tourist and short-term business visitors, yes, they can rent out their properties for a short tenure.
How is DAMAC Riverside location beneficiary for renters?
The property is situated in close proximity to major business hubs of the city, Dubai airports, and Expo City.
