Investing in UAE real estate is a reliable way to generate high rental returns as the ROI here is 1.5-2 times higher than in Europe. In some areas of Dubai, such as International City, the return on investment in property exceeds 8%. Another advantage of investing in residential real estate in the UAE is the exemption of the country’s residents from income taxes. For these reasons, housing in Dubai is popular with investors from all over the world.
Before renting out the property, the landlord will have to address a number of operational tasks, such as setting the optimal price, finding a tenant, making sure they receive payments on time, as well as eliminating any future or current problems, such as, for example, the breakdown of the air conditioning. Solving such problems requires a lot of effort and time. This is especially true for those landlords who do not live in the UAE or often leave the country. For the correct execution of all documents and the relevant choice of rental price, it is important to be well-versed in the local real estate market and to understand the legislation of Dubai.
The most optimal solution in this situation would be to hire real estate management professionals. Boville Properties provides a full range of services in this area to make the lives of landlords much easier. Our agency is part of international company and deals with all issues related to the sale and rental of real estate, mortgages and legal support. and today we are among the top market leaders in the country. Our company has been operating in the UAE since 2014.