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Dubai, Damac Hills
Dubai, Jumeirah Village Triangle
Dubai, Damac Hills
Dubai, City Walk
Dubai, Arjan
Dubai, Palm Jumeirah
Dubai, Business Bay
Dubai,
Dubai, Zaabeel
Ras Al Khaimah,
Investing in residential and commercial real estate in Dubai is becoming a popular way to save money and make a profit. The city is a major tourist center, so investing in the hotel business can be considered a good solution. However, the cost of the entire hotel is too high for most investors. An excellent alternative is an opportunity to buy a hotel room in Dubai.
In the UAE, new houses, hotels, and various complexes are constantly being built. Depending on the area of location, the level of apartments, and the stage of construction, the price per room can vary from $100,000 to several million. At the same time, both citizens of the country and foreigners can buy a number in Dubai.
Buying a Dubai hotel apartment is not at all the same as buying a residential property. There are several options for acquiring investment in the hotel business:
buying a room in a large hotel with the conclusion of an agreement with a hotel operator;
purchase of a hotel room for personal residence;
purchase of a mini-hotel.
The most popular first option. In this case, the investor acquires ownership of a room at the construction stage or in a finished hotel, concludes an agreement with the hotel manager, and receives profit without further participation in the organization of the process. The contract usually spells out the conditions under which during some period of the year the owner can live in his room for free. Most often, these rooms are used for their own holidays. Booking conditions, accommodation beyond the specified period, and other nuances are negotiated. At the same time, the apartments in the Dubai hotel will correspond in style and service to the rest of the hotel rooms. The main thing in creating the design and rules is not the owner of the room, but the owner of the hotel.
This option of commercial real estate brings from 7 to 15% per annum profit. The manager of the hotel will have to look for tenants, do cleaning, and do other routine problems. And given the growing popularity of Dubai among tourists, profits can only grow. In addition, the investor gets the opportunity to apply for a resident visa for himself and his family members.
The option to buy a hotel room in Dubai for personal living is less popular, but certainly not a disadvantageous decision. In this case, the owner gets the opportunity to live in a five-star hotel with all its advantages for a nominal fee. Given the ever-increasing price of real estate in Dubai, such an investment can also be considered profitable.
Buying a mini-hotel is the least attractive option. The initial cost of such an investment is higher, but the low popularity of such hotels and the small number of them in the city does not allow for choosing a really good option. In addition, most hotel operators do not undertake work with objects with less than 100 rooms. Therefore, you will have to deal with such an acquisition completely on your own. Selling this business is also quite difficult because this asset cannot be considered liquid.
Whatever type of investment in the hotel business you choose, you should seek the help of a professional agency. Al Hayat Almushreqa real estate will be happy to help you choose an apartment and prepare all the necessary documents. You should be especially careful with the latter when buying a hotel room, because among the documentation, not only information about ownership is important, but also the terms of use agreed with the hotel operator.
It is also possible to sell apartments in Dubai if plans have changed or the investor has found a better offer. The process of reselling commercial real estate is always more complicated than residential, but there are always people in Dubai who want to buy a hotel room that is ready for rent. Some investors even buy apartments under construction and resell in an already commissioned hotel, making a profit by increasing their prices. The fastest way to sell apartments in Dubai is in hotels of well-known chains, however, with the correct filing, there will be no problems for completely new hotels.
