11/04/2024, 17:09:52
As an expert of the real estate market, we would like to pay attention to the Dubai Hills Estate area now. That's why we present here a complete guide to clarify all your opportunities and limitations when renting out your property located in this area.
Being designed as a luxury community, it attracts tenants of high and above middle income. And this is one of your opportunities as a landlord. Still bounced cheques happen. Fortunately, at BSO, we know how to deal with a cheque bounce issue. As well as with many other hazards you may be (now or potentially) involved in as a landlord. So, with us, you will have a little to worry about.
But let's return to Dubai Hills and discuss it in detail.
While we feel a great passion for Dubai Hills Estate, we should be objective to disclose its good and not-so-good sides.
First, Dubai Hills offers the following advantages:
Pleasure of living in a new luxury town, which is nicely quiet and peaceful,
Presence of many schools around the area to join,
The community provides a lot of facilities for the active lifestyle. As for and not-so-good sides of Dubai Hills, we don't call them cons. However, the following aspects may be of certain concern for some tenants or are wrongly rumored and, thus, should be clarified:
Lack of public transport
Noise issues from on-going construction So, read further to discover more about all these aspects.
Offering your apartments for rent in Dubai Hills Estate, you don't have to face such fierce competition as you would do in other areas. Partly, this is because of the lower building density in Dubai Hills. Partly, this is because the demand for these luxury properties is really great.
Moreover, while apartments in many other areas suffer from declines in rental prices, rental properties in this top-rated community do not lose their positions. This is especially true for two-and-more bedroom apartments. Though one-bedroom apartments are also able to bring you good income.
Indeed, Dubai Hills Estate is really a small town near to the MBR City. And it fully lives up to its name, Estate.
Its 11 million square feet are perfectly planned and include everything one needs to lead a luxury and leisure lifestyle. Its location enables its residents to enjoy the greenery and plenty of open spaces while still being able to observe the beauty of tall skyscrapers build in other communities.
Your tenants will find here or nearby all facilities and amenities required for a rich and healthy life.
Dubai Hills Estate benefits its residents with the absence of business fuss here and all the noise it is accompanied by. Indeed, there is no heavy traffic on the roads, no congestion. As a result, there is no car-produced noise.
So, if your tenants want to live in a quiet place, Dubai Hills is one of the best communities in this regard.
As a self-efficient community, Dubai Hills already provides a lot of opportunities for the active lifestyle. If your tenants are active, they can find something they like the best:
Yes, it seems the motto “stay active and health” is not just the simple words here!
For families with children, there are plenty of schools nearby to join. Each of them offers a curriculum that aims to unleash the potential of its pupils both in educational and practical aspects.
Here are just a few examples of schools located in the nearest locations:
Are there really any cons of Dubai Hills Estate as a community to reside in? Well, perhaps, just some minor considerations.
At the moment, one of the area drawbacks is the absence of public transport. Indeed, there are neither metro stations nor bus stops to move around the community or reach other areas. The only option to do this if not using one's own vehicle is to take a taxi.
However, the community is still developing. In the near future, it is planned to run a bus line for more intensive connection of the district with other areas of Dubai. Then, there will be enough bus stops all over Dubai Hills Estate to move around.
Besides, tenants who want to live in such luxury community as Dubai Hills Estate is likely to be used to riding their own transportation rather than catching a public one.
Hence, we are sure, lack of public transportation couldn't be regarded as a major factor by your prospective tenants.
Sometimes, some parts of Dubai Hills Estate may experience noise issues during a day now. This is because there are some (but now just a few) on-going constructions in some of its parts.
To tell the truth, if your rental properties aren't located near the construction spots, you and your tenants have nothing to worry about. To go further, the area will be totally completed within this year. So, very soon construction noise will not be an issue anymore for any locations within the district.
To conclude, there is no true disadvantage of the area to scare tenants away. On the contrary, Dubai Hills Estate is regarded as the hottest and the newest place to live.
Still, do not forget the loyalty of your tenants depends not only on the conditions the community provides. To clarify, it also depends on proper management of the villa or apartment they live in. Yes, your landlord's responsibilities require your time and effort. A way out here is to give them away to professionals. When you sign a property management contract with BSO, you will get all your time and effort at your disposal. While we will do all the landlord's work for you.
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