Finding good tenants is a sort of science. Keeping them happy is an art. It is true in every kind of rental business and especially when it comes to residential property.
When people look for a unit to rent, they pay attention to three main facets. First, whether the area, initial condition, facilities, and amenities comply with their needs and lifestyle. Second, whether the rent is fair for the unit. Third, whether they can afford to rent this dwelling place.
Though rental income is often presented as passive, rental business still involves some tasks to perform. Here is an indicative list of tasks related to the rental business:
- Finding tenants;
- Property maintenance;
- Dealing with paperwork;
- Dealing with rental disputes;
- Move-in and move-our check out;
- Cleaning the unit and arranging it for new tenants.
Are you going to travel to Dubai or the UAE at the end of this year or the beginning of the next one? If so, what a lucky you are! To clarify, in the last quarter of 2020 (namely, on 20 October) Dubai will host one of the most exciting event, Expo 2020 and will run it till the beginning of the first quarter of 2021 (namely, till 10 April). Thus, having a trip to the country and the emirate during this period you can have pleasure not only of its wonders, but of the exposition as well.
The world is awaiting the biggest exposition of the last five years, Expo 2020. Being hosted in Dubai, the event expects the number of visitors and participators as much as dozens of millions and hopes you are going to be one of them. But what is the first question arise in your mind when you plan your trip? Right you are! It is a sort of “where-will-I-stay?” question!
Property price trends and actual rate of return on investment (ROI) are always of great interest for investors in Dubai. Besides, trends in property sale prices are useful for those who plan to make Dubai their home as well. So, at BSO, we reviewed the market to share in this post such important details as apartment price trends in Dubai and its popular communities, apartment types, and rental yield. To clarify, selecting an apartment as a searching basis was dictated by its high demand in the market both for buy-to-own and buy-to-rent purposes.