If renting to wealthy residents or expatriates in Dubai appeals to you, read on to discover three unique villas for sale in Town Square in Dubai.
As a landlord, it can be hard to figure out which properties to buy so you can lease them to others. Some tenants like neighborhoods where there are constant features so that no tenant has an advantage over others. Other tenants prefer unique properties.
One type of property that a landlord can rent out is a villa. Villas are essential smaller versions of houses that are usually rented out to families. Families, and therefore the tenants, have more responsibilities than younger bachelors, which makes them ideal demographics to rent a villa to instead of an apartment.
One place in the world that has many villas Is Dubai. Dubai is a city in the United Arab Emirates (UAE), and that uses the dirham (AED) as its currency. Currencies, such as the US dollar, Euro, and Pound Sterling, perform well against the dirham.
This is good for both tenants and landlords alike because Dubai has a sizable expatriate population. This means that expatriates are even richer in Dubai than in their home countries. Expatriates typically will not move to a country other than their own unless they have the funds to afford it, which is another benefit that both landlords and expatriates tenants have.
Town Square is home to Town Square Park as well as a skate and water park. It is located off Al Qudra Road, Emirates Road, and Jebel Ali Road, and is near the community of Al Barsha. There are three neighborhoods in Town Square, called Naseem Townhouses, Noor Townhouses and Safi Townhouses.
Naseem Townhouses
The most unique villa in Naseem Townhouses has 3 bedrooms, 4 bathrooms, and a maid’s room. The neighborhood of Naseem is what makes this village special, as it is home to cycling and jogging tracks, a gym, movie theatres, playgrounds, restaurants, retail shops, schools, shared swimming pools, and walking trails.
The price of this villa is AED 1,600,000. Tenants, who are likely wealthy, can expect to pay between AED 90,000 – AED 120,000. Landlords that charge the low end of the rent can make a profit through rent alone in 18 years, while those that charge the higher rent can make a return on investments through rent payments alone in 14 years.
Noor Townhouses
The most unique townhouse in Noor Townhouses is the largest villa, a 2,360 square foot end unit, which has four bedrooms and four bathrooms, plus a maid’s room. The neighborhood of Noor has cycling and jogging tracks, playgrounds, walking trails, and shared swimming pools.
The price of this villa is AED 2,000,000. Tenants, who are likely form the upper middle class and beyond, can expect to pay between AED 75,000 and AED 90,000 in rent annually. A landlord that charges the high rent can make a return on investment through rent payments alone in 22 years, while those that charge the low end of the rent can make a return on investment in 27 years through only rent payment.
Safi Townhouses
The most unique villa in Safi Townhouses, the largest villa, is 2,194 square feet in area. It has 3 bedrooms and 3 bathrooms. At least one balcony is on the villa. Built-in wardrobes are found throughout the villa. There is also a children’s play area. Finally, the villa includes a maid’s room.
The neighborhood of Safi Townhouses is also more unique that the other two neighborhoods. It has a movie theater and retail shops. There is also a children’s playground and a school. Residents can swim in the shared swimming pools. There is also a hospital and a mosque. Finally, Safi Townhouses has Western-style restaurants, such as those that offer fried chicken or sandwiches.
The price of a villa for rent in Safi Townhouses is AED 1,600,000. Tenants, who are likely from the upper middle class and beyond, can expect to pay around AED 78,000 in rent based on the rent of the one villa for rent in the area. This means that a landlord can expect to make a return on investment in about just over two decades (21 years).
Conclusion
From the largest villas to the villas with the most rooms, there is something for everyone in Town Square, Dubai. Wealthy tenants will be easily able to afford the rent, while landlords can expect to make a return on investment through rent payments alone in an average of 21 years.
If you would like to be able to make a return on investment on a villa you lease out through rent payments alone, now is the perfect time to get villas for sale in Town Square!