Fidu Properties, the leading Chinese company in the UAE property market, has reinforced that the best time to invest in a Dubai property is now. The current market condition offers a wide array of lucrative options to investors and end-users alike, the company has reiterated.
From an investor’s viewpoint, the market is such that developers are offering heavy incentives to attract property buyers with increased preference to buy instead of renting these days with convenient long-term payment plans of 2 to 5 years for a ready property being offered to home buyers.
In his comments, Nazish Khan, Chief Operating Officer of Fidu Properties, said: “It is a buyer’s market out there in Dubai – something which is a far cry from the past. The fact is more and more tenants are taking advantage of the current market situation to relocate from an apartment to a larger apartment, or newer communities with better amenities.”
He added: “Similarly, the current market condition in Dubai is offering an opportunity to every tenant to consider buying instead of renting. Developers are recognizing this trend to entice tenants into investing in the properties and in turn offering them payment plans that are convenient and hassle-free.”
Khan further said: “For investors, it makes perfect sense to invest in an area which offers the highest returns on investments and long-term appreciation. This certainly makes sense in the current real estate scenario in Dubai and can be leveraged adequately in view of the wide project mix on offer.”
The company has, however, emphasized that this may not last longer, as tenants and investors are fast lapping up the opportunities. “While the landlords of more established communities are cutting down on the prices to compete with the emerging new developments, the demand will soon catch up with supply and landlords will start to see greater returns on their investments very swiftly,” Khan said.
Landlords are concurrently upgrading their properties to make it stand out from other identical units and offering furnishing and all-inclusive pricing to make it lucrative for the buyers, he summed up.
Fidu Properties is bullish about the growth potential of the real estate sector in Dubai and has announced massive expansion plans in the Emirate and the country over the next three years. The company has time and again reinforced the immense growth opportunities in luxury developments in Dubai.