Studio Apartment In Deira – A Good Investment?
Deira is a fabulous part of Dubai, a neighborhood that is both residential and commercial. The Deira is on the old side of the Dubai, bordered by the Dubai Creek. It was always the commercial part of Dubai, with the many souks and markets. Now that Dubai and the Sheikh Zayed Road has been developed in a more contemporary way, New Dubai on the other side of the creek is more commercial. Deira is a mix of residential and commercial and has real beauty, charm, culture, and history. It is a mix of old and new side by side and has become a sought after are to live in.
What is the size of the Deira apartments?
There are different size and style apartments in Deira. Some are in new and shiny apartment blocks and are contemporary and modern. Others are the more low rise and have an old world charm about them. You can get any size apartment here and if you are looking for a studio apartment in Deira you will certainly find one. Deira is an area where you will find students, young professionals, young married couples, families, business people and both local and foreign nationals. The apartments vary from a studio apartment in Deira Dubai to a four bedroomed luxury penthouse in Deira Dubai. It depends on what you are looking for.
How can I find a studio apartment in Deira?
You will easily find a studio apartment in Deira but you need to find the one that is perfect for you! You can look at a good property finder Dubai like Deja Vu Properties and look for flats that are within your budget. There is a lot of property for sale in Dubai and you will always find the right property for your needs. If you are buying a studio apartment in Deira to live in, make sure it is near your place of work, the university or college you may be studying at and within easy walking to the many restaurants, shops, and markets in the area. If you are looking for a studio apartment in Deira to buy as an investment and to rent out, the same rules apply. Look for one where people will be able to get around easily, that has great restaurants nearby, is close to work, studies and the metro system. To be honest the whole of Deira Dubai is a good area and has all these things within the vicinity.
If you are seriously looking for property for sale in Dubai then chat with other people who have already bought property, chat with realtors and look online.
What should I pay for a studio apartment in Deira?
Prices fluctuate depending on the apartment block you choose, and also high up you are and how good your view is. The views from some of the apartment blocks in Deira are absolutely divine, looking out over the creek. Of course, the better the view, the more expensive the studio apartment in Deira. Saying that a studio apartment in Deira Dubai is always well priced and manageable for most. If you are just starting off investing in property, a studio apartment is a good entry-level price. It is also a good investment as there is always a good resale value. A studio apartment in Deira will always be in demand and so you will be able to rent it out and get a good rental income, and if you want to resell it, you will get your money back plus more. Look at the general prices on the internet, use a good property finder Dubai like Deja Vu Properties and check out all the different property for sale in Dubai.
Can a foreign national buy property in Dubai?
Yes, they can and many foreign nationals have already bought property in Dubai for investment purposes. There are already people from all over the world who have looked at property for sale in Dubai and bought, no matter where they come from. Many people buy for investment, business people buy if they come in and out of Dubai often and want a base, and some buy to rent out and get the rental income. Property in Dubai is still better priced than the big cities like New York and Singapore but it is in huge demand. Dubai is a real hub for business, leisure, and sport and so owning property here has become a bit of a status symbol. In the same way, you can feel quite proud when you say ‘I own a studio apartment in New York’ you can also feel proud when you say ‘I own a studio apartment in Deira.’ If you are not a national of the UAE, a property realtor or professional can help you with the paperwork. And because of the internet, you can view a studio apartment in Deira online and see the surrounding area. Look at a property finder in Dubai like Deja Vu Properties to get all the information you need.
Is it easy to find a tenant for a studio apartment?
If you are buying a studio apartment in Deira specifically with the idea of letting it out, yes, you will easily find a tenant. People are looking to rent apartments all over Dubai and the Deira Dubai is a popular area for singles, small families, business people, holidaymakers, and corporates too. If you are specifically looking at property for sale in Dubai with the idea of renting it out, you never really need to worry about finding tenants. There are so many people who come to Dubai for work, either short or long term, and need a place to stay, so many tourists and also students. Wherever you buy in Dubai, as long as the flat, apartment or villa is in a good and central location, you will find a tenant and be delighted with your resale value. A studio apartment in Deira is a good investment to make and the area is central, interesting and really going through a fabulous boom. There has been a lot of development and upgrading and refurbishment with property in Dubai Deira and you cannot really make a mistake by investing here.
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