The managing director of Raine and Horne Dubai, Sanjay Chimnani
Taking into account how the quality of the products is, he would invest his one million dollars on the soon to be delivered units, in the blue waters island. The island life, the limited supply, the planning, which is low life with a price that is good and a payment plan that is worthy. This island will house in Ain Dubai, making it the most wanted attractions equivalent to the London eye.
“The units will be great for end use and investment, wherein the option to operate it as a holiday home will help to partly pay the instalments.”
– Sanjay Chimnani
A unit which has two bedrooms sells for Dh 3.3 million, with a post-handover plan for payment for three years and four percent Dubai land department waiver. This definitely makes it look like an investment that is desirable. The units are great for an end use and for an investment. Moreover, the operation that allows it to be a holiday home can help in paying the investments partly. The size of blue waters is such that it is perfect for self-usage and short lets.
The managing partner of Gulf Sotheby’s International Realty, Ranjeet Chavan
A convenient location
It is all about the location when it comes to real estate, which means convenience, including proximity to the business centrally in any district of the city. Several amenities should also be available, such as hospitals, schools, stores, banks, airports, restaurants and public transport as well. From the perspective of Dubai, Sheikh Zayed Road is the prime location, so it means that selecting a good location should be being in its vicinity. Taking this into consideration, the best option would be to invest a million in downtown Dubai, MBR or Business Bay precisely.
“A million US dollars would fetch me a nice three-bedroom apartment in Downtown today or a four-bedroom apartment in Business Bay or a good four-bedroom town house in MBR City.”
– Ranjeet Chavan
From the perspective of an apartment, he said he would choose Downtown or Business Bay, but if he’d want a villa or townhouse, it would be MBR city, because it is the closest to townhouse freehold community considering all the facilities that have been listed above. A million dollars would be enough to get a three-bedroom apartment in Downtown today or an apartment with four bedrooms in Business Bay or MBR’s city section. However, the choice of either an apartment or a villa remains a personal decision at the end of the day.
The managing director of Carlton Real Estate, Laura Victoria Adams
“I would go for a selection of off-plan and ready income-generating properties, as a portfolio of properties in different areas gives a better success rate for benefiting from both appreciation and yields. I would buy a few studios or a one-bedroom apartment in a high demand rental area such as IMPZ or Jumeirah Village Circle (JVC). Both JVC and IMPZ are affordable areas for tenants. The units here are always in demand. In a high market, people move from Dubai Marina and Business Bay to these areas, and in a low market, people relocate from International City and as far as Sharjah to capture the cost-efficient rental prices.”
– Laura Victoria Adams
She stated that she would choose five properties out of which three would be ready and two would be off plan. For the ready part, it would be a studio and a one-bedroom apartment in Dubai Sports City, around Dh370,000 and Dh 590,000. When the off plan would be considered by her, it would be the Emaar’s beachfront South beach project priced around three million dirhams.
Sales and leasing manager of Engel &Völkers Dubai, Mario Volpi
“For $1 million I would look at buying one of the freehold townhouses in Al Furjan, which is the only current villa community that is walking distance to the Metro (under construction). These two-storey, three-bedroom properties offer 3,242 sq ft of built-up area for approximate Dh3 million, bought on a five-year post move-in payment plan.”
“These two-storey, three-bedroom properties offer 3,242 sq ft of built-up area for approximate Dh3 million, bought on a five-year post move-in payment plan.”
– Mario Volpi
But, if this property is ever bought using cash or mortgage, a discount worth fifteen percent is offered leave an approximate residue of one million dirhams. Having this balance, Mario would invest in a one-bedroom apartment in a tower that is brand new in Dubai Marina, later giving it out on rent.