Luxurious Dubai Properties to Rent

With rules changed in 2002 to accommodate expatriates to buy and own property in Dubai, it has now become convenient to buy property in Dubai, but with terms and conditions attached. Nevertheless, buying property in Dubai has great benefits, but the population of people living in rented homes are on the higher side. There are more people who are salaried and work on a job that pays them on a monthly basis and these people would not be able to invest in a property to own. At least not in the immediate future, unless they plan for years to come and save up with the sole intention of buying dubai properties.

Many are of the opinion that buying a house in comparison is a lot more beneficial than renting a home for years. People rent homes for as long as they are working there with the sole intention of returning to their native land once they retire from their work.  But with rentals skyrocketing in Dubai, it is becoming extremely difficult to pay rentals that seem to be really unaffordable.  Though expatriates working there do consider buying property to own it is not such a feasible idea as most expatriates ultimately want to return to their homeland. Nevertheless, in comparison though many are of the opinion otherwise, it is always better to consider dubai properties for rent rather than spend unimaginable amounts of money to own property in Dubai.

Property prices in Dubai are extremely volatile and fluctuate quite often. Some of these triggers are economic growth of the country, their global oil prices, the population of the country that is made up of a major portion of expatriates and the location where the property is situated. Therefore, there are many factors to consider when renting dubai properties. Some of them include:

·      Some areas of Dubai are very posh and sophisticated which means that the rentals in these areas are very high

·      Look out for a house with rentals that suit your budget rather than your convenience though some conveniences must be taken into account. For example, schools should be in close proximity to facilitate the children education and to reduce the travel time.

·      Since most homes vary in the amenities and facilities that are provided, it is best to consider homes that suit your needs.

·      You will need to be prepared to pay high rent if you are looking for various conveniences like health clubs and swimming pools in the complex. It would be rather more sensible to join a local club for such facilities than pay for them without finding time to use them.

When looking out for dubai properties for rent that would be really light on the wallet, you need to consider the many factors and give importance only to the most significant ones.