Why investing in Real Estate in 2021 is the best decision?
Are you planning for Real estate investments in UAE? Still, wondering if this is the right time to invest in UAE? Then, this blog is for you.
Real estate investments in UAE in 2021
Real estate investments in UAE is always the best decision, as property prices often tend to rise with time. If you have the money and a desire to invest, buying a house or a plot in UAE is a great idea.
The year 2020 has been a roller-coaster ride for people all around the globe. Fortunately, everything is getting back to normal. The real estate market in UAE is soaring high like before, cash-flow and investments seem to be in place.
According to Khaleej Times, “Property transactions continued to rise, a significant sign that the real estate market in UAE is rebounding fast. The past four months had the highest number of transactions for villas/townhouses consistently, with each month being at an all-time high and the record was broken the very next month. This consistent growth started after May 2020, which had 110 transactions and has since grown by over 500 percent.”
Facts you need to know
Prices Might Increase In 2021:
Experts expect that in the next few years, the state of the housing market will improve. This means that you could be frustrated if you are thinking of holding off, hoping for a lower price next year. In the real estate market, the net year is likely to increase gradually. So, plan your property investment wisely.
When people recover from the pandemic and the rates of jobs rise, people are more likely to purchase and sell both. If demand stays high, it is unlikely that prices will rise. Therefore, when you find a property at a reasonable price, it will be a smart decision to purchase it.
A rise in availability, however, means you’ll have more options. Try to find your dream house or invest in real estate plots latest by early 2021 if your financial situation is stable.
The resale value of real estate projects will rise steadily in 2021. You might need to invest 5% – 6% at the time of sign up and the project might be completed in one or two years. You can opt for resale or start generating passive rental income if you invest right now.
Plots or Homes?
This is a question that can put you in dilemma – whether you are going to invest in a plot or a home. It depends on yourself analyzing the long-term goals and financial plans that you have.
More projects are on rising
The time is ticking and we see a lot of new projects from different builders. It’s a hassle to get to know about each project one-by-one, it’s better to get in touch with a reliable real estate company that can ideally understand your demands and get you the best property for you.
Great offers on cash-purchase:
Cash buyers enjoy great offers and discounts on certain projects. Save those extra spending which can get your dream home with extra benefits.
Low-interest rates and discounts will help you to easily get a home loan to get you the real estate property you always wanted.
Market knowledge is important
At the end of the day, real estate investment conditions differ by market, so make sure to talk to a reliable real estate company in your area if you’re wondering whether 2021 is a good time to invest in real estate.
Well, let’s see…
The important factor is to stay updated. Keep in touch with a trusted local real estate company that can get you the best real estate property for you matching your needs and style.
Get in contact with Town Properties which has over 6+ years of experience and 50+ agents specialized in certain communities and areas. Give us your priorities and we will choose the best real estate property for you at the best price possible.