If you have never purchased a property before then getting involved in the property market can be a little disconcerting. To provide you with peace of mind you should know that the prices of property have been going up all over the world for the past 20 years and they continue to do so. Investing in property is pretty much a safe investment opportunity for you and if you have been a little on the fence as to whether or not you want to invest your hard earned cash in it, then there is good news for you ahead. Owning a property is your first opportunity to get on the property ladder and as you see your investment grow, it’s likely that you may want to invest even more.
Thankfully there is property for sale in Dubai and it’s never been more affordable than it is now. If you still need further convincing about how owning a property is a pretty safe investment opportunity then please read on.
- It’s cheaper than renting – Many people wrongfully assume that renting a property is a lot cheaper than buying it and the opposite is in fact true. Many landlords charge much higher rents them what they are paying for the monthly mortgages and this is how they make their money. If you think that you should continue to rent rather than buying a property then you are effectively just handing over all of your hard earned cash to someone else. It would make a lot more sense for you to buy a property and for you to rented out to someone or you just could live there yourself and watch it grow in value.
- It’s a long-term investment – It makes sense to sit on your investment for at least 5 to 10 years because then you can begin to see that it will grow in value. You could rent it out in the meantime and that would pull in quite a lot of cash that you know is coming at the end of every single month. This means that your property is not only earning for you, but it is also growing in value as well.
When you purchase a property, you’re removing all of the ambiguity when it comes to renting because you never know when your landlord is going to put the rent up or he or she is going to sell the property right from under you.