What is the Dubai 2040 Urban Master Plan All About?

At the start of 2021, Sheikh Mohammed bin Rashid unveiled an elaborate blueprint for Dubai’s long-term urban development- the Dubai 2040 Urban Master Plan. Envisioning the next 20 years, the Master Plan lays out a comprehensive path for Dubai to become the world’s most diverse, inclusive and sustainable city. The farsighted plan aims to catalyse new business opportunities and reinforce the city’s status as a hub for global investors. 

The plan will undoubtedly augment Dubai’s competitiveness as a global destination by providing culturally diverse lifestyles and a slew of investment opportunities for citizens, residents and visitors. Additionally, the plan will offer the highest possible standards of urban infrastructure and amenities while enhancing the city’s natural and recreational areas.  

5 urban centres at the fore

The strategic plan is directed toward redefining five districts within the city and developing them as speciality hubs. As per the plan, Dubai Marina and JBR will be at the forefront of tourism and entertainment. The Business Bay and Downtown will dominate as the city’s financial hub, while Bur Dubai and Deira will highlight the emirate’s tradition and heritage. Two new centres, Expo 2020 Centre- the epicentre of exhibitions, tourism and logistics will feature affordable housing and Dubai Silicon Oasis Centre- a technology and knowledge hub that will spearhead digital economy and innovation.  

Open invitation for global residents

The Dubai 2040 plan aims to increase the total resident population by 59% by 2040. To attract more residents to Dubai, scores of sustainable housing complexes will be developed that enhance the quality of life and increase residents’ wellbeing. The plan targets to increase public beaches by 400%, green and recreational space by 105% and dedicated space for education and health by 25%. By 2040, 60% of Dubai will comprise natural reserves.  

Bonanza for homeowners & investors

As mentioned earlier, the plan will focus on investments and development in five urban centres such as Downtown and Business Bay, Dubai Marina and JBR and Bur Dubai and Deira. Current as well as potential homeowners in these areas, will witness an uptick in their property values. Consequently, homeowners looking to retire or invest in Dubai are likely to generate high rental yields in the coming years.  

A gold mine of opportunities

The pioneering plan will unlock a slew of opportunities for investors, entrepreneurs and talent from all around the world. The balance between preserving existing urban areas and encouraging new sustainable development through infrastructure and new projects will drive Dubai’s real estate market. The recent amendments to golden citizenship, remote working and retirement will also attract more people to the city in pursuit of long-term rental residences, startups and retirement homes. 

The Dubai 2040 Urban Master Plan is enticing for foreign real estate investors, entrepreneurs, expats and homebuyers. As the city becomes more and more of a home for everyone, Dubai is reinforcing its status as a global destination for citizens, residents and visitors.  

To make the most of this golden opportunity, join hands with Dubai’s most trusted and experienced real estate agency. With a team of expert realtors and an extensive network, RiseUp Holding can help you make the most financially-rewarding investment decisions of your life. 

Qualities of a Great Commercial Property from a Tenant’s Perspective

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Being a successful commercial real estate owner in Dubai means you are in the big leagues and you earn the big bucks. However, getting to that stage is not easy. As an investor, owning the right commercial property is simply half the job. To make real money, you first need to make that property seem valuable in the eyes of the tenants. So, how do you do that? As the top 10 real estate companies in Dubai 2022 will tell you, the first step is to start thinking from the tenant’s perspective. This will help you figure out what the tenants want in a commercial property and offer the same. 

The top 10 real estate companies in Dubai 2022 reveal the qualities of a great commercial property

Dubai’s commercial real estate sector is booming right now, and market predictions show that it will continue to thrive in the coming years. That means commercial properties will be in high demand. To make the most of it, owners first need to understand what their target audience wants. Tenants put a lot of time and research into finding the perfect commercial property for rent or lease. According to the top property management companies in Abu Dhabi and Dubai, certain attributes always make the good commercial properties stand out. Here are a few of those qualities that tenants always look for:

Proximity to the city:

When looking for office spaces, companies generally tend to go for commercial properties that are located in the city center. Busy and populated areas are good for business and the workforce. That is why Downtown Dubai is one of the most sought-after locations in the city for commercial properties. According to portfolio management services in Dubai, commercial properties in the city center attract both startups and large enterprises from various industries. Companies that rely on millennial talent are especially on the hunt for properties in these locations. 

Access to parking spaces:

While it may seem like an obvious one, you would be surprised to know how many commercial spaces do not have sufficient parking space. As the top property management companies in Abu Dhabi report, commercial spaces with easy parking access and reliable vacancy are hard to come by, especially in busy areas. However, this one feature can often make or break a deal. In many cases, on-site parking is a must-have for tenants. That is why the best commercial spaces feature regular or underground parking facilities.

Historic performance:

As the top 10 real estate companies in Dubai 2022 will tell you, a commercial property’s historic performance has a significant impact on its value. When leasing a commercial space, potential tenants always research its capital growth performance and yield to determine its viability for their business. They always go through the historical background of the asset because it offers them a clear picture of the asset’s strengths and weaknesses. If you are planning to put your commercial property up for rent or lease, make sure to take its past performance into account.

Infrastructure:

It goes without saying that tenants always prefer commercial properties in areas that have good infrastructure such as roads, airports, hospitals, links to public transportation and more. Being one of the most advanced cities in the world, Dubai boasts excellent infrastructure. Since the real estate sector is the backbone of the city’s economy, the government plays an active role in facilitating progress. Numerous initiatives have been taken to improve infrastructure and aid the commercial real estate sector. Portfolio Management Services in Dubai rely on this when managing commercial properties for their clients.

Tech-compatibility:

Today’s society and business environment is driven by technology. Considering how much we rely on technology on a daily basis, it is obvious that it plays a crucial role in commercial property as well. Before you start promoting your commercial property to attract tenants, make sure the property is compatible with all the latest technologies that businesses require today. The most basic example of that would be internet connectivity. If your commercial property cannot offer access to the internet (be it due to its location or poor building maintenance), tenants are going to consider that a red flag. That is why the top property management companies in Abu Dhabi and Dubai always focus on making their properties tech-compatible.

Open floor plan and outdoor areas:

This one applies to a range of different commercial spaces. More and more companies are moving away from cubicle-styled offices. That is why it is important for commercial real estate owners to offer open floor plans that allow tenants to make unconventional arrangements. Open floor plans offer a higher degree of flexibility to the tenants. So, this feature makes the property seem attractive and valuable instantly. The same can be said about open areas. Tenants often look for commercial properties that come with a garden or an open space with a natural component. Such properties are ideal for creating office spaces as it offers the employees a place to relax during long workdays.

RiseUp, top 10 real estate companies in Dubai 2022, is here to help you

If you are struggling to manage or promote your commercial property, consider hiring one of the best portfolio management services in Dubai. Since its inception, RiseUp has helped investors and commercial property owners by offering specialized services. Being one of the top real estate agencies in the city, RiseUp deals with both residential and commercial properties. However, we have a keen focus on the commercial real estate sector, and it is evident in our property management and portfolio management services. 

If you are currently experiencing losses with your commercial property, it is time to hire experts who are known for turning the fate of dying businesses. If you want to survive the intense competition in Dubai’s commercial real estate sector, you need experienced professionals by your side. With the support of our competent team, you can elevate your commercial property’s value and viability in the eyes of the tenants. Get in touch with us to know more about how we can be of service. 

Critical Factors That Affect Commercial Real Estate Value in Dubai

Critical Factors That Affect Commercial Real Estate Value in Dubai

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Planning to buy or rent commercial real estate in Dubai? When selecting commercial properties such as warehouses, retail or office spaces, the first thing investors look at is the property value. As an investor, your goal is to make the highest returns possible. To achieve that, you need to be aware of all the different factors that can affect the value of a commercial property. According to the top commercial real estate companies in Dubai, several factors such as location, local amenities, transportation links and many others come into play. Let’s discuss a few of these at length to better understand their impact on property value. 

Location:

Location is among the most critical factors that affect property value. Commercial property estate agents Dubai will tell you that properties that offer easy access to necessary amenities such as healthcare facilities, shopping centers, entertainment places and so on tend to have a higher price tag than others. Unexciting neighborhoods or areas with a high crime rate do not attract investors. That is why property prices in those areas tend to be low. Dubai, being a real estate paradise, boasts numerous “hot zones” where commercial property value remains high due to economic prosperity and steady growth.

Economic state:

It goes without saying that the state of the economy dictates the value of commercial property. In a booming economy, where people make decent money, property prices soar. Dubai has one of the most stable economies in the world, and because of that, its real estate sector is thriving. Investors from around the world are vying for a piece of the premium commercial real estate, which is why the competition here is fierce. However, you can find a suitable commercial property with the help of reliable commercial property agencies Dubai.

Age and condition of the commercial real estate:

Apart from external factors such as location and economic state, attributes related to the property can also affect its value. When it comes to assessing the overall quality of the property, commercial real estate companies in Dubai consider the age and condition above all else. Typically, newly built commercial real estate spaces tend to be costly. Since the things like the roof, plumbing, electrical, and appliances tend to be in their best condition, investors don’t need to worry about spending money on them. Older properties, on the other hand, may cost significantly less. However, they may require repairs sooner or later, and major repairs such as fixing the roof may cost a small fortune.

Upgrades and updates:

Let’s say a commercial property is not necessarily old or worn out, but what if it does not meet the standards that you require? In that case, you may need to make renovations, upgrades and updates depending on your personal requirements. According to commercial property estate agents Dubai, the value of a property depends on the kind of upgrades it requires. If a property needs a complete makeover, you can expect it to cost less than one that is ready to move in. 

Buyer’s perception of commercial real estate in Dubai:

When commercial real estate companies in Dubai talk about buyer’s perception, they basically mean the opinion that potential buyers have about a particular commercial estate. Several factors can influence the buyer’s perception about a property, and this perception has a great impact on the property’s value. For example, a buyer may form an opinion based on market observations. If they find the neighboring properties at a low value, they may assume the property market of that area is going through a slump. It may even deter them from investing in that area or at that moment. Foreclosure properties have the same effect on the neighboring properties.

Expo 2020:

Expo 2020 is finally taking place in Dubai after being postponed due to the COVID-19 pandemic. The World Expo is currently ongoing and will continue until March of 2022. An event of this magnitude and size has several long-lasting benefits, and it continues to draw big businesses to the city even after the event is over. According to commercial property estate agents Dubai, the real estate sector has seen a massive boost ever since Expo 2020 was announced. 

Large sums of money were invested in the city’s infrastructure to prepare for the event. It offered a fiscal stimulus and created employment. That, in turn, formed a “trickle down” benefit that reached the wider economy of the city. As this economic boost is further monetized, it is likely to increase demand, fuel population growth, and attract investors. Needless to say, the Expo 2020 will not only affect the city’s real estate sector, but will also have a significant impact on property value.

These are some of the most common factors that affect property value in Dubai. If you are planning to invest in a commercial space, make sure to consider these factors and identify the properties that will be ideal for you. 

RiseUp, one of the top commercial property agencies Dubai, is here to help!

If you are struggling to find a suitable commercial property in Dubai, consider hiring one of the best and most well-known commercial property agencies Dubai. Since its inception, RiseUp has worked with both amateur and seasoned investors in their search for the best investment properties. Through the years, we have thoroughly observed and studied the city’s real estate market. With that, we have gained a keen insight into this dynamic industry that has proven invaluable in guiding investors to the right prospects. 

When working with RiseUp, you get access to some of the best real estate agents in the city. With their knowledge and expertise, you are guaranteed to find a property that meets your needs. Furthermore, we have a team of investment advisors and legal experts who can help you make sound investment decisions. Whether you are looking to get into real estate investing or planning to expand your investment portfolio, RiseUp can help make the process much easier and more streamlined. To know more about how we can help you, get in touch with us today!

Is It The Right Time to Invest? | Commercial Real Estate Companies In Dubai

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The secret to making any successful investment is good timing. If you are planning to invest in Dubai’s commercial real estate market, make sure it is the right time to do so. Much like any other investment vehicle, real estate goes through its ups and downs as well. However, according to the top commercial real estate companies in Dubai, a market downturn does not necessarily mean you should avoid investing at this time. Real estate prices tend to go down during downturns. Investing during such a phase may set you up for making big profits down the road. All you have to do is find that sweet spot when the market is starting to rise. Below are a few other tips that should help you figure out if it is the right time to invest.

Study the market closely:

As the commercial real estate companies in Dubai will tell you, commercial real estate varies by market, submarket and type. The industrial property sector has seen its fair share of growth because of the direct-to-consumer shift. Because of this, the demand for regional warehouses has increased. More and more people are shopping online, which is why the number of regional malls are also decreasing. The market is constantly evolving, which is why you need to study it carefully. You should also pay attention to the migration patterns that can create vacancy in some areas and demand in others.

Buy when you can afford to:

You should only buy a property when you can afford to. You do not need to wait for a downturn to get a “steal.” If you have the finances to buy right now, you should go ahead. On the other hand, if you cannot afford it, you should wait even if it feels like the ideal time to invest. Just because a down market is beneficial for some does not mean it is the same for everyone.

Partner with a commercial real estate agent:

The support and guidance offered by commercial property estate agents Dubai can prove to be invaluable to you. An economic downturn affects the commercial real estate sector differently. That is why you should partner with a professional who has a vast knowledge of the real estate market of a specific region as well as the commercial sectors and economic patterns. Only a commercial real estate professional can help you find and analyze the data required to leverage the market conditions.

Find a local expert:

When partnering with commercial property estate agents Dubai, you should always choose a local expert. They are the ones who have the appropriate knowledge and experience to help you. Having observed the market fluctuations for years, they are in the best position to give you advice. A local expert will be able to tell you which areas have the highest potential for growth and are ideal for investing.

Pay attention to the economy and demographics:

A close look at the local demographic and economy should help you determine whether or not it is the right time to invest. The commercial real estate companies in Dubai can help you make a solid hypothesis based on data and stats. However, you can do your research and offer input as well. For starters, you can check out similar properties and find out if the market for them is shrinking or growing. Secondly, you need to check the employment rate in the area. The factors will play a critical role in your decision-making process.

Look for sustainable and consistent city growth:

Consistent and sustainable growth are great indicators that tell you which locations are ideal for investing. As the commercial property estate agents Dubai will tell, the city is always growing and evolving. A major chunk of the city’s economy relies on real estate. That means there is always something exciting happening in this sector. New developments are taking place every year, and there are great investment opportunities everywhere.

Identify and evaluate your goals and objectives:

Investing in commercial real estate without a clear and strategic objective can be a serious mistake. For example, let’s say your original plan was to invest in a retail shopping mall, but your research and market analysis show that a warehouse space that supports home deliveries would be a better investment. In this scenario, changing your objective would be the obvious choice. If you do not have a strategic goal that is backed by data, the commercial real estate companies in Dubai can help you with that.

Prioritize flexibility and reuse:

The reliable and experienced commercial property estate agents Dubai will always advise you to focus on flexibility and reuse, two qualities that make a commercial property ideal. That is because whenever the market experiences a downturn, one or more commercial sectors get hit the hardest. For example, the downturn caused by the COVID-19 pandemic has affected commercial real estate involving retail and office space the most. If you can find a property that can be repurposed and reused to meet the need of the hour, you will win regardless of the effects of the market downturn.

Find the best commercial property estate agents Dubai at RiseUp

So far, we have looked at all the ways you can determine whether or not it is the right time to invest in commercial real estate. However, regardless of what you decide, one thing is for sure – you need the help and guidance of commercial real estate companies in Dubai to make sound decisions. RiseUp is one of top real estate companies in the UAE. With years of experience in the commercial real estate sector, the agents at RiseUp are best suited to work with you on your investment journey.

Besides agents who can help you find the right properties, RiseUp also has reliable investment advisors and a highly efficient legal team to back you up every step of the way. If you are wondering about how they can help you invest in commercial real estate in Dubai, get in touch with them today!

The Most Important Factors You Should Consider When Investing in Real Estate

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Planning to invest in Dubai real estate? If so, it can be the smartest investment decision of your life. The city’s real estate sector has been steadily on the rise for years now, and with the help of the top investment companies in Dubai, you can get in on the action! One thing you need to remember is that like all other investment vehicles, real estate has its risks too. That is why making sound decisions based on facts and information is so crucial. Having the help of professionals is certainly a boon, but you need to educate yourself too. Here are some of the most important factors you must keep in mind before making a real estate investment.

Property location

Even if you consult a long list of investment companies in Dubai, they will all tell you that location is one of the most crucial factors to consider when buying a property. Whether you are planning to invest in a residential or a commercial property, location will play a critical role in determining profitability down the road. An ideal location should be in close proximity to green spaces, necessary amenities, markets, transport hubs and so on.

What you should look for:

According to the top investment companies in Dubai, when choosing a property location, you should consider how that particular area is expected to evolve over the next few years. For example, the scenic open land behind the property could someday turn into a noisy factory, which will significantly diminish property value. That is why you should review the intended usage and ownership of neighboring areas before investing.

A list of investment companies in Dubai do just that before suggesting possible locations to their clients. With connections to the right government bodies and other agencies, they are able to find the necessary information much more quickly than you might. That information will determine how favorable or unfavorable a location will become in the future.

Property valuation

When you hire one of the top investment companies in Dubai, they will start by performing a property valuation. That is a critical step that will be useful and even necessary for purposes such as insurance, investment analysis, price listing, and purchase.

What you should look for:

A list of investment companies in Dubai use various methods when performing real estate valuation. Some of these methods include the sales comparison approach, which involves comparing sales of properties that have similar characteristics. Then there is the cost approach, which covers the cost of the construction and the land minus depreciation. This one is best suited for new constructions. Third comes the income approach, which relies on the expected cash inflow. You should use this one if your ultimate goal is to rent out the property.

Investment purpose and horizon

As per a list of investment companies in Dubai, most real estate investors who fail or face financial distress do so because of a lack of a clear purpose. That happens mainly because real estate is a high-value investment vehicle with low liquidity. Moreover, if your investment is mortgaged, you should pay extra attention to your ultimate purpose.

What you should look for:

Any of the top investment companies in Dubai can help you get clarity on your purpose. Here are a few broad categories that generally apply to real estate investors. You can choose any of these as the purpose of your investment.

  • Buy and sell in the long term
  • Buy and sell in the short term
  • Buy and lease
  • Buy and self-use

Expected profit opportunities and cash flows

Before investing in real estate, you should always take into account the issue of ROI. Cash flow refers to the amount of money you are left with after expenses. To get a good return on your investment, you should always try and maintain a positive cash flow. The top investment companies in Dubai can help you achieve that.

What you should look for:

When calculating the expected returns, a list of investment companies in Dubai consider the following expenses and profits.

  • Income generated from rentals (inflation can give you a surge in cash flow)
  • Potential rise in intrinsic value because of long-term appreciation
  • Benefits of depreciation
  • Cost of renovation before resale
  • Increased property value due to renovation

Existing property vs. new construction

With new constructions, you might get attractive pricing, customization options, and contemporary amenities. On the downside, there may be increased costs, risk of delays, and the uncertainties associated with a newly developed neighborhood. Existing properties, on the other hand, offer you faster access, convenience, established improvements, and lower costs.

What you should look for:

Here are a few things you need to do when choosing between an existing property and a new construction.

  • Before choosing a new construction, make sure to research the developer and review their reputation and past projects.
  • Thoroughly review appraisal reports, recent surveys, and property deeds.
  • Consider outstanding dues, maintenance costs, and other expenses.
  • Check the quality of equipment, fixtures, and furniture (if these are included in the sale).

There is a lot of money to be made in real estate. Dubai’s economy relies a lot on the city’s booming property sector. With investors coming here from all around the world and new constructions taking place every year, the real estate investment sector looks promising.

If you are planning to get into it, having the guidance of an investment company will be a boon for you. RiseUp, one of the leading real estate investment firms in the UAE, will be an ideal choice. With an in-house team of dynamic and experienced professionals, RiseUp is best positioned to help you in your journey.

From advising you on various investment related matters and helping you find ideal properties to closing favorable deals and dealing with the paperwork, RiseUp can do it all for you. To know more about their services and how they can help you invest better, give RiseUp a call or drop them an email today!

Should You Hire a Real Estate Agent When Buying Property in Dubai?

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Should You Hire a Real Estate Agent When Buying Property in Dubai?

Buying a property in Dubai may be one of the best and most exciting decisions of your life. Naturally, you would want to do it right. The first thing you might wonder is whether or not you should hire a real estate agent. With so much information available online, you might feel like you can do it all by yourself. However, real estate is a complex field and it is easy to get lost and make costly mistakes. If you are buying a property for the first time, having the guidance of the best real estate agency in Dubai can be a huge lifesaver. If you are struggling to make up your mind about it, ask yourself the following questions:

Do I have the right knowledge and experience?

Agents who work for the top 10 real estate companies in Dubai are the best in their field. As a profession, real estate can be challenging. It requires knowledge and expertise to become a well-known real estate agent. Besides possessing a formal qualification, competent real estate agents have also gone through rigorous training that makes them ready to take on challenges that might show up in their work.

Working with the best real estate agency in Dubai means you will have access to market insights that you would otherwise miss. Your agent will be able to tell you whether it is the right time to make a purchase in a particular area or whether you should focus elsewhere. Furthermore, they are well aware of the properties that are currently on the market and those that will be perfect for you.

How well do I know the market?

It is true that the top 10 real estate companies in Dubai will have the best knowledge of current market conditions. However, that does not mean you cannot find some basic information on your own. A quick Google search might get you some useful information, but will they be enough? Let’s assume you are great at conducting online research and extracting the details you require. However, you should also remember that online sources may not reveal sensitive information such as which projects are likely to get delayed and which are going to fail.

When you rely on the best real estate agency in Dubai, you can rest assured that they will have all the inside scoop required to make sound decisions. They can also help you get the best pricing for the chosen property. Market conditions and several other factors may affect property pricing. Since your agent will already know about these factors, he/she will lead you on the right track.

Can I afford to spend the time and energy on property hunting?

Realistically speaking, you probably won’t close the deal on the first property you see. Sometimes finding the right property within your budget can take weeks or even months, especially if you are conducting your search haphazardly. Hiring one of the top 10 real estate companies in Dubai can reduce that search time significantly. All you need to do is tell your agent your requirements – what kind of property you are looking for, in what sort of price range, in which location and so on. Your agent will then use the resources at his/her disposal to find the properties that fit your needs the best.

Should I buy directly from a developer or one of the best real estate agency in Dubai?

This is a pretty common question that you may have wondered about too. The answer to that is actually quite simple. If you choose to work with a particular developer, they will only show you the properties that they have built. This way, depending on that developer’s market share, you will likely reduce your options by at least 80% and miss out on a large chunk of potentially suitable properties. However, if you work with the best real estate agency in Dubai, you will have access to properties built by several reputed developers. This will expand your options and open up possibilities.

Can I handle all the paperwork?

It goes without saying that buying a property involves a ton of paperwork. Unless you enjoy going through a bunch of documents filled with legal details, you might find the process tedious. However, reading and analyzing every document carefully is crucial, and you cannot skim on this step. Hiring experts from any one of the top 10 real estate companies in Dubai can save you a lot of trouble here.

How much will hiring a real estate agent from one of the best real estate agency in Dubai cost me?

Cost is one of the major concerns property buyers have when deciding whether or not to hire a real estate agent. You would be happy to know that you can hire the best real estate agency in Dubai for free! Your agent or real estate agency will make money by earning 2% commission from the sale. However, in most cases, it is the developer that pays the real estate agent. For you, the price of the property will remain the same regardless of whether you buy it through the developer or through an agent. That means you get to enjoy the services of a real estate agency completely for free.

In Conclusion

To wrap things up, the short answer to whether or not you should hire one of the top 10 real estate companies in Dubai should always be a resounding “Yes.” RiseUp, one of the leading real estate agencies in the UAE, has been working in the residential and commercial real estate market in Dubai for years. With an in-house team of highly qualified professional, RiseUp is best placed to help you find your dream property in the city that is known for its booming real estate market. They can help you connect to a wide network of developers and other relevant parties. You will also have a plethora of options to choose from.

If you want access to some of the industry’s leading experts, make sure to get in touch with RiseUp today. Give them a call or drop them an email to know further.

What Can Your Dubai Property Manager Do For You?

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One of the most significant decisions you will make as a real estate investor is whether or not you should hire a property manager. Managing one or more investment properties is a full-time job. You need to give it your 100% simply because how you manage your investments can very well determine how much you earn from them. Poorly managed real estate can lose its value over time, which means a significant loss for you. If you do not have the time to manage your properties or if you feel that you are not the right person for the task, hiring one of the best property management companies in Dubai will be the right call.

What is a property manager?

Simply put, a property manager can be an individual or company that you hire to oversee the daily operations of one or more real estate units. Real estate investors and property owners typically rely on property managers when they are unable or unwilling to manage their properties. Commercial properties such as business offices, retail malls, and apartment complexes are generally run by property management companies. You will find a list of property management companies in Dubai that specialize in both commercial and residential properties.

Foreign investors, who have properties in Dubai, can benefit greatly from hiring one of the best property management companies in Dubai. Managing investment properties remotely is not only extremely difficult, but it can also prove to be impossible in certain situations. So, if you live far away from your rental properties, hiring a professional property manager may be the ideal solution. On the other hand, if you do not like dealing with the tenants, building maintenance, and so on, you can hire someone to do it for you.

Why hire The Best Property Management Companies in Dubai & What can a property manager do for you?

If you thought that property managers only collect and cash rent checks, you are mistaken. Before you start combing through the list of property management companies in Dubai, you should first get some clarity on what they can do for you. A professional property manager fulfills many responsibilities. Here are some of the most important ones:

1. Promote your property and find tenants

If you rely on rental income, the longer your properties remain empty, the more it costs you. The best property management companies in Dubai eliminate this by proactively trying to renew ongoing leases. They also promote your property on various platforms to attract tenants, and they do it as soon as the current tenant gives notice. That way, your rental property never remains empty.

Professionals hired through a list of property management companies in Dubai also make sure that a property is rent-ready. They take care of necessary repairs and remodeling work, replace damaged or faulty appliances, and rekey the doors. When the property is ready to be shown, the property manager promotes it aggressively with video walkthroughs and photos on his/her website as well as the major listing sites.

2. Screen potential tenants and collect security deposits

Hiring the right tenant is crucial if you want to avoid the risk of financial loss. The best property management companies in Dubai carry out a plethora of background checks including rental history, credit checks, employment history, pet information, and criminal record. They also conduct every step of the process in compliance with the law. Before finalizing the tenant, your property manager will consult you and get your approval. When you recommend a candidate for approval, they will perform all the legal formalities and collect the security deposit.

3. Know all the laws and regulations

When going through a list of property management companies in Dubai, make sure you select one that has a sturdy legal team to assist your property manager. As an investor, you may find it overwhelming to keep yourself up to date on all the current laws and regulations related to leasing or renting commercial or residential properties. A reliable property manager will have expertise on these areas and he/she will know how to address them properly.

4. Take care of maintenance requests

For most landlords, fulfilling maintenance requests is one of the biggest pain points. The idea of earning a passive income may not seem so appealing when you are called with a toilet emergency at the dead of night! No matter how good your tenants are, toilets will break, appliances will malfunction, and the building will get old and worn out. If you do not want to deal with the upkeep of your property, hiring a property manager will be the ideal choice.

5. Allow you to invest without worrying about geographic barriers

When it comes to running operations smoothly, real estate will always require a local presence. That means geographic boundaries can become a significant problem for investors. However, this issue can get resolved when you hire an efficient property manager whose operations are based where your property is situated. This way, you do not need to live in Dubai to own investment property here.

In Conclusion

There are countless benefits of hiring professional property managers to oversee your rental properties. Although you have to spend a certain percentage of your profits to pay your property manager, do not let that cost discourage you. Ultimately, the added expenses will be worth it when you see your property running smoothly without you having to worry about the day to day operations.

If you want a reliable and competent team of experts to manage your property, check out RiseUp, one of the best property management companies in Dubai. Since its inception, RiseUp has been working with both domestic and foreign investors and they specialize in both residential and commercial properties. The company boasts an in-house team that is composed of some of the leading experts from the industry.

RiseUp property managers can make your life much easier by making sure that your investment property stays in the best shape to generate high ROI. To learn more about what they can do for you, get in touch with RiseUp today!

Things You Should Know About Off-Plan Properties Before Investing

off plan properties dubai

The popularity and demand for off plan properties in Dubai have been on a steady rise in the last few years. There are plenty of reasons for that. Since off-plan properties offer lower rates and flexible payment plans compared to ready properties, both property investors and residential buyers prefer this option. Off-plan properties can do wonders for an investor’s profile. When guided by a competent investment advisory company Dubai, you can stand to gain a significant ROI from a well-chosen off-plan property. Why do you need an investment advisor, you wonder? You need one because the process of getting off-plan properties is not as simple as it might sound. To do this right, you need expert insight.

Off Plan Properties Dubai – A Rising Market

Real estate is one of the strong pillars, on which Dubai’s booming economy stands. Domestic buyers aside, the city attracts a significant portion of its expat population as well as foreign investors. Statistics show that off plan properties Dubai have remained high on demand ever since mega construction projects started taking place all around the city. These days, it is not surprising if a project sells all of its units even before construction is completed. A number of factors contribute to the rising popularity of off plan properties.

If you go through a reliable investment advisory company Dubai, you might be able to reap several excellent benefits. With new building developments, buyers get an excellent investment tool. Even though you do not get to see the physical property at the time of purchase, you can secure a highly profitable deal with the help of your advisor. You can negotiate the price in your favor if you buy a property before construction begins. Moreover, the price of each unit can go up significantly once construction starts.

Another great thing about off plan properties Dubai is that the down payment tends to be really low. Sometimes, buyers can even pay as little as 10% down payment to secure a deal. Furthermore, hiring an investment advisory company Dubai can increase your chances of getting handsome discounts on the property you are eyeing.

It is not without it’s Risks

Much like any other investment vehicle, off plan properties Dubai also have some risks associated with them. As an investor, if you are going for a strictly “buy to let” scheme, you will not see returns immediately. You would have to wait a considerable amount of time before you can rent out the property and generate income from it. There is also the risk of a project shutting down mid way through construction. In that case, you can incur heavy losses.

The best way to prevent such a catastrophe from happening is to work with an investment advisory company in Dubai. Investment advisor companies such as RiseUp only work with some of the best and most reputed builders in the city. With an in-house team of experienced consultants and advisors, RiseUp is in the perfect position to guide you in your journey. The experts can not only help you find the ideal off-plan property, but they can also help you secure a profitable deal.

When it comes to Off Plan Properties Dubai, it’s all about the long game!

For investors who are interested in off-plan properties, it is all about the future. As mentioned above, off-plan properties are not ideal for you if you are looking to make profits right away. You will have to wait at least until the construction is completed. On the other hand, if you have a rather long-term approach when it comes to investments, off-plan properties might be ideal for you. Once you secure one or more units at a much lower rate than ready properties, you can stand to gain a significantly high ROI once the units are completed.

With off-plan properties, thinking ahead and planning for the long term is the way to go. Hiring an investment advisory company Dubai is also a great way to avoid complications down the road. With their advice, you are sure to make sound decisions right from the start. Working with an investment advisor not only protects you, but it also helps to manage your expectations. Thanks to their valuable industry experience and insights, you will know exactly what to expect out of your investment.

A Game of Confidence

If you look at real estate investment as an intense sport, off-plan properties will certainly seem like the most exciting part of it. Despite their risks, off plan properties Dubai continue to attract investors from all around the world. The excellent rewards that you get by investing in these properties act as incentives for the time you have to wait before monetizing your investment. With off-plan properties, it is all about making moves confidently.

More often than not, the key to confidence is having the backing of an expert. An investment advisory company Dubai will be able to tell you which off-plan properties are worth a shot and which are not. They will also go over the contract and find and eliminate problematic areas that might create problems later on. To be more confident in your purchase decision, you can ask yourself the following questions:

  • Has the property location been consistently popular in recent years?
  • How are the other properties in the area priced?
  • Are you getting a good deal?
  • What is the rental demand like in the area?
  • What type of revenue can you expect to generate from renting out your property?
  • Is the area likely to provide significant capital growth?
  • Is the developer or builder trustworthy?

Wrapping Up

Purchasing an off-plan property can feel overwhelming, especially if you are doing it for the first time. There is a significant investment and some risks involved. However, you can calm your nerves by working with a company like RiseUp. Known for being one of the leading real estate companies in Dubai, RiseUp has helped numerous investors make a fortune. If you want the same for your own investment career, get in touch with RiseUp today!

top real estate companies in dubai

Exciting New Development Projects That Will Boost Dubai’s Real Estate Market

Exciting New Development Projects by some of the Best Real Estate Companies in Dubai

Want to make a fortune as a real estate investor? Dubai can make your dreams come true! The real estate sector is at the heart of the city’s booming economy. At any given moment, you can find a number of exciting construction projects that are sure to have a significant positive impact on the local real estate market. With the help of the best real estate agency in Dubai, you can be a part of the action.

What makes Dubai ideal for investors?

It won’t be wrong to liken Dubai to a living, breathing organism that is constantly growing and evolving. Ever since the government decided to diversify from an exclusively oil-based economy, the number of development projects skyrocketed, and that led to the property boom that we see today. In Dubai, there are more than 1,500 major freehold communities and developments.

Large scale construction also received impetus since its inclusion in Dubai Strategic Plan 2015. The goal here is to maintain economic growth while also putting Dubai on the world map as a top tourist destination and investment hub. The mega construction projects have also made Dubai among the fastest growing cities in the world. Because of this and also thanks to the best real estate companies in Dubai, the market is always booming here.

If you need further evidence, check out the following mega construction projects that are sure to boost the city’s real estate market significantly. Don’t forget to consult us as one of the best real estate agency in Dubai.

Burj Jumeirah:

The proposed Observation tower project called Burj Jumeirah is going to be another breathtaking example of Dubai’s mastery at futuristic architecture. Situated in Sufouh district near the Burj Al Arab, the project is expected to be completed by 2025. The skyscraper is expected to be over 1800 feet tall!

At the base of the structure and in the surrounding area, there will be large spaces available for the public. Visitors will be able to enjoy an interactive atmosphere. The project will also make way for new cinemas, restaurants, shops, retail outlets, and other real estate spaces.

The inspiration behind Burj Jumeirah’s unique design comes from Arabian desert sand dunes along with flowing oases. The structure aims to capture the same picturesque quality. It will also have several observation decks, from where you will be able to get a panoramic view of the city.

You can rest assured that the best real estate companies in Dubai will make full use of the boost that this project will provide to the surrounding region.

The Heart of Europe:

The Heart of Europe is another ambitious project that will bring some of Europe’s best to Dubai. Situated two miles from the coast, the project will see the creation of six islands, each one dedicated to and inspired by a European country. This mega construction project will offer a taste of European culture, hospitality, and dining through its resorts, bars, boutiques, cafes, and entertainment.

The six islands will include Germany island, Sweden island, Honeymoon island, Floating Venice, Switzerland island, and main Europe island. There will also be many exciting attractions such as the outdoor snow plaza, floating and underwater living experience, artificial rainy street, dedicated wedding hotel, underwater hotel with gym and spa, and many others.

Solar Park:

Even the best real estate agency in Dubai will tell you that the Solar Park is one of Dubai’s most important future projects. The main purpose behind this project is to be able to produce clean energy, and the goal is to make Dubai among the least carbon emission cities by 2050. Once the project gets completed, Solar Park will be the largest park of its kind in the entire world!

Atlantis, The Royal:

Situated on the Palm Jumeirah, Atlantis, The Royal Resort is expected to change Dubai’s landscape forever! Some of the world’s best artists, architects, and designers have come together to create this extraordinary destination that will be a part of the Royal Atlantis Resort and Residences. The state of the art architecture of the hotel is going to be a sight to behold, and you can expect to get world class amenities and services.

Infinite skyline and ocean views, scintillating nightlife and entertainment, and unparalleled dining experiences will be some of the many exciting offerings. Visitors will also have access to Sea Lion Point, Dolphin Bay, The Lost Chambers Aquarium, and Aquaventure Waterpark.

Mall of the World:

Dubai’s reputation as a top shopping destination is going to receive a massive boost thanks to this project. When it is finished, the city will have the world’s largest shopping mall. Although everything about Dubai is larger than life, the Mall of the World will give new meaning to the phrase. It is going to be bigger and better than any of us can imagine. It will include the world’s biggest indoor theme park, countless shops, hotel rooms, hospitality and wellness districts, and Pedestrian City. The mall will also have a retractable glass roof, which will be closed and opened based on the weather.

Conclusion

A lot of exciting things are happening in Dubai as far as mega construction projects are concerned. It is a good time for both investors and the best real estate companies in Dubai. All these mega projects are already grabbing international headlines and attracting foreign investors to the city. These projects will also open up or make way for investment opportunities.

If you want to be a part of the exciting times ahead, make sure to get the guidance of the best real estate agency in Dubai. Since its inception, RiseUp has been helping investors reach their true potential. If you are looking for a reliable agency that will provide you both guidance and assistance, RiseUp is the answer!

When you hire us, you get access to some of the leading industry experts and their insights into real estate investing. Our in-house team is made up of such experts who are always ready to show you the way. Want to know more? Get in touch with us by giving us a call or dropping us an email today!

Top 5 Locations for Buying Luxury Apartments in Dubai

luxury apartments Dubai Marina

Planning to buy a luxury apartment in Dubai? It is a city known for its opulence and extravagance. So, if you are going to invest in a luxury home that offers both comfort and lavishness, it has to be Dubai. Whether you are looking for your dream home or an investment tool, this is the city that can provide you with both. Real estate is one of the strongest and most vital facets of Dubai’s economy. That is why there is no dearth of luxury apartments here. High net worth individuals from around the world come here to find luxury properties. If you are one of them, get in touch with one of the top real estate companies in Dubai 2021 for finding the ideal luxury apartment for you.

Where to buy luxury apartments in Dubai?

In Dubai, you will find numerous skyscrapers and buildings that have hundreds of apartments in them. That is why finding an apartment of your choice should not be too difficult. These apartments come in all sizes and configurations. They are also designed to serve the needs of families, couples, or singletons. The ultra-luxury apartments also offer state of the art facilities and amenities. There are several locations where you will find such properties. If you consult any one of the top 10 real estate companies in Dubai 2021, they are likely to suggest the following locations for your luxury apartment hunt.

Dubai Marina:

According to many top real estate companies in Dubai 2021, you should check out Dubai Marina first. This mixed-use waterfront community is the perfect spot for those looking to buy luxury apartments that offer an active lifestyle. Most of the residential housing projects in this neighborhood are known for being lavish. They offer some of the most luxurious apartment units with breathtaking views of Dubai’s skyline and the water. The best part is that in Dubai Marina, you will not only find ready properties, but you can also go for off-plan properties. Choosing an off-plan property through one of the top 10 real estate companies in Dubai 2021 can be an excellent investment decision.

Bluewaters Island:

The artificial island known as Bluewaters Island is another great spot where you will find ultra-luxury apartments. Here, you will find the iconic Ain Dubai, which is a massive observation wheel that offers enthralling views of the sea. Needless to say, this one attraction alone has significantly enhanced the value of this community. Being so close to the coastline of JBR (Jumeirah Beach Residence), Bluewaters Island is one of the prime locations for luxury apartments. That is why most of the top real estate companies in Dubai 2021 prefer this location for their A-list clients.

EMAAR Beachfront:

Jumeirah Bay Island is one of the elite neighborhoods in Dubai, and it is certainly one of the best spots for luxury apartments. Because it is so close to the sea, apartment owners are likely to get a great view from their balcony. Getting a luxury apartment in this area also gives you access to some of the best resorts in the Emirates. You can also find a yacht club and countless fine dining restaurants in the area. So, besides luxury, if you are also looking for an active lifestyle, this is the best location for you.

Downtown Dubai:

If you want to live next to Burj Khalifa, the tallest building in the world, Downtown Dubai is the ideal location for you. Downtown is a mixed-use community that features some of Dubai’s most popular attractions such as Dubai Mall and Dancing Fountain. These attractions get flooded with tourists during New Year’s Eve. Being the best shopping destination in Dubai also makes it a tourist hub. Besides its bustling lifestyle, Downtown is also famous for its strategic positioning. Buyers prefer this area because it offers them easy access to the major parts of the city. When looking for a luxury apartment in the area, make sure to go through one of the top 10 real estate companies in Dubai 2021.

Palm Jumeirah:

Everyone knows the name Palm Jumeirah. When talking about lavishness and luxury, you cannot miss it. Several A-list celebrities from around the world have found their vacation homes here. If you want to live next to high-profile individuals such as David and Victoria Beckham and Shahrukh Khan, this is the location where you should get your luxury apartment. Home to some of the most expensive properties in Dubai, the Palm Jumeirah has an international fame that is unmatched.

Wrapping up

These are five of the best locations in Dubai where you buy luxury apartments in Dubai. These locations attract some of the biggest property developers in the UAE, which means there is a plethora of high-end properties. Whether you are thinking about settling in or simply buying a luxury vacation home, you are sure to find the ideal property at one of these locations. On the other hand, if you are a real estate investor, getting a property here would be a huge boost for your portfolio.

No matter what your goals are, hiring one of the top real estate companies in Dubai 2021 will surely be beneficial for you. RiseUp, one of the leading real estate agencies in Dubai, has been helping people find their dream properties since its inception. We have worked with buyers and investors from around the world. Being locals, we have a strong understanding of the areas mentioned here. We also have the right connections that can help you in your journey of buying your first luxury home.

If you are strictly looking for an investment vehicle, RiseUp’s investment advisors can also guide you and help you find the ideal property that is capable of meeting your goals. We also have an in-house team of property managers that can keep your investment in the best shape so that the property value keeps increasing with time. For more details, give us a call or drop us an email today!

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