Dubai continues to drive real estate growth, and among the diverse options, there is one that has received a warm welcome. In Dubai, condo hotels are one of the most profitable possibilities where investors can achieve up to an 8 percent return on rents. The dynamic growth offers in the city are leading more and more people to choose to buy a property here, where the alternatives differ from other parts of the world.
Access is very simple and can be done online, allowing one to obtain a home without visiting it and without the need to travel to the location to see it. In this range of opportunities, condo hotels are among the most sought after and viable for recent investors.
How to invest in the condo hotels of Dubai
The ease of access to housing is one of the characteristics that makes Dubai attractive. Those who want to access a real estate development can do so online. Advisors from other countries can help a new investor do this, where they recommend following a series of steps to ensure success. One of these is to email the signed documents, which will then be returned already executed.
In this system, the Condo Hotel option emerges, where a person who wants to invest without residing in the city can purchase a suite within a hotel and leave the authorities of the hotel to manage this room. Owners only need to deposit the monthly earnings, which have an annual return of 8 percent.
The reasons why a Condo Hotel is profitable in Dubai.
Real estate experts residing in Dubai recommend this investment which, as mentioned above, involves a return on investment of 6 to 10 percent annually. As it is known, the city allows purchases of this kind because it does not tax real estate income or capital gains, enabling investors to maximize their benefits.
Despite all these possibilities, those who choose to start a project of this kind must take into account a series of factors that will help analyze the costs and benefits of this alternative. First, the market must be analyzed and its trends understood. The appropriate location and type of property must also be selected, and one should familiarize oneself with the buying and registration procedures.
What is the recommended hotel for investment in Dubai?
Within the variety of options in Dubai, one of the most sought after is the SLS Dubai Hotel & Residences, located just ten minutes from Dubai International Airport and near the Dubai Mall and Burj Al Arab. This site offers equipped rooms that can be acquired with an initial investment of 330 thousand dollars, with a guaranteed annual tax-free return of 7% for 10 years and 50% financing post-delivery in 12 payments.
For those looking to acquire another type of property, one of the residential suites with views of the best enclaves of the city can be obtained for an initial value of 856 thousand dollars. Those who choose to buy in this location will also enjoy the amenities of this luxury hotel, which features infinity pools and 75 floors with a 360-degree view of all Dubai.
