Guest Post:What Are the Pros and Cons of Furnished Apartments? Dubai Experts Provide Insights

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dubai, dubai properties, hotels in dubai

Compared to unfurnished apartments, furnished apartments, Dubai investors ought to know, provide a few distinct advantages including better ROI and better tenants.

But before you decide if a furnished apartment is the best investment decision to make, you have to be attuned to your target market, the demand for this type of rental apartment, as well as the location of your property.

furnished apartments in Dubai

Generally speaking, furnished apartments attract professionals who work on a contractual basis and families going on a vacation. It is important to underscore that location plays a critical role in your long-term success.

Another key thing to consider is the size of your property. If you are planning on attracting workers with contracts, you should have a smaller property. Conversely, families going on vacation prefer multi-storey properties.

What are the distinct advantages of furnished apartments over their unfurnished counterparts?

Higher rent

Furnished properties offer higher yields compared to unfurnished properties. The main reason behind this is that tenants are more than willing to pay more in exchange for convenience. Furthermore, short-term leases are (more often than not) not covered by traditional leases and regulations which apply to longer leases.

Rental contract flexibility

Furnished apartments are often leased for shorter periods. As a landlord, this gives you ample flexibility — a definite advantage if you are keen on using your apartment for vacations or other purposes.

Better tenants

Furnished apartments also tend to attract better tenants. This is highly likely if you own a property in a city centre and acquire professionals as tenants. These tenants are less likely to damage your property.

Less property damage

Because your tenants do not need to furnish the property and bring in big furniture, they are less likely to damage the walls of your property.

But along with the advantages, prospective investors should also know what the disadvantages of furnished apartments are.

Higher costs

Furnishing an apartment means that you will need to invest a sizeable amount of money from the onset. And that investment will not be a one-time thing. Over time, you may need to replace a few pieces inside the apartment.

Turnover rates

Furnished apartments have a higher turnover rate influenced by different market forces including the weather and season, the holidays, currency exchange rates and others. That means that you will have your hands full looking for new tenants.

Fewer potential tenants

Not every tenant is on the hunt for furnished properties as many have possessions that they wish to bring with them. Be aware that your target market with a furnished space may be considerably smaller.

Top 5 Reasons Why You Should Choose Luxury Hotels

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Accommodation, dubai, Hotels, world

If there is one thing that Dubai is known for, it has to be luxury. The moment you step out of your plane and onto their airport, you can immediately see evidence of that. Real estate is thriving in Dubai and that is why there are many investors who are putting their money in luxury hotels. But as guests in Dubai, or even citizens of Dubai, why should you opt for these expensive types of accommodation? Some may think that it is a waste of good money, but there is a good number of people who think that it is totally worth it. So, which group should you belong to?

You have been working hard since you finished your bachelor’s degree. It is your goal to have a nice house that you and your family could live in, and a good car. However, let us ask you this: Do you think you deserve a world-class accommodation and service after all you have done? Do you deserve luxury when you and your family go on vacation? Of course, you do. You should not ever deprive yourself of these when you know you have been working hard for it.

Top five reasons why you should choose luxury hotels

1. Value for money. Developers of luxury hotels know that details count. If you are paying a lot of money for your accommodation, then you should be getting your money’s worth. Some details may not seem important but guests will appreciate these. Luxury hotels, for example, would give their guests a personalized welcome amenity that will make the guests feel special. Attention to details is very important.

2. Great service. Staff at a luxury hotel are trained to give exceptional service to its guests. Not only will they accommodate your requests, but they are also trained to anticipate your needs especially if you are a regular. They keep notes and the next time you visit, these needs are met without you asking for it.

3. VIP perks. Luxury accommodation definitely has its perks. These perks are not the same for each hotel, but you can be rest assured that there will be some for every valued guest.

4. Checking in at these types of hotels always go smoothly and without hassle. Other hotels may have issues, but never with luxury accommodation.

5. Best rooms with the best view. Luxury hotels will always give you the best room with an amazing view of the city. Sleep is also better as the mattresses are of the highest quality.

About the author: Oliver Finney is an enthusiast of the real estate industry who loves to continuously learn and share knowledge as well about the vast and comprehensive world of the real estate business, off and online. He has first realised his passion for real estate at the age of 18 after attending an auction. Since then, he has continued to be an avid real estate enthusiast and has recently made the final step to earning his real estate license. He visits sites like http://www.damacproperties.com.