Things to Do After Buying Rental Properties in Emaar Beachfront
Just bought rental properties in Emaar Beachfront? Can’t figure out what to do next? Stop panicking, we are here to help!
Even if you’re a passive investor, you’ve got a lot of work to do! So if you’ve invested in rental properties of Emaar Beachfront, below are some next steps for you to put your best foot forward.
- Arrange your property management team
If you’ve invested in multiple properties in Dubai, then it’s recommended for you hire a real estate agent or line up a property management team. Because it will be difficult for you to manage all the things on your own, while in passive investment, an agent takes care of your house, collects rent, and makes sure that your renters are happy. So don’t be shy and address any concerns and make sure that you’re confident and comfortable in working with the team you’ve hired to manage your property investment.
- Get insurance
Before putting your property on rent, make sure to get it insured. The typical ones include fire & hazard, eviction insurance, and liability. There are other types and different policies as well, but if you’re unaware of these then consult an agent to know the best policy for you and they can explore coverage options that best fit your investing needs.
- Solidify your debt payment plan
The majority of you have most likely to purchase the property on a mortgage or loan which you need to repay. To keep your financial goals on track, it’s best to start planning depts payments early. Furthermore, a good debt-to-income ratio will help you in getting any loan approvals from banks in the future.
- Renovate the property
To put a property at a good rental rate, it’s suggested to outline any work that should be done before the renters move in. At first, just go for the necessary repairs, enhance your property value, and have your apartment or penthouse ready to rent.
- Start looking for opportunities to buy more properties at Emaar Beachfront
Beachfront a famous project by Emaar is one of the most anticipated projects in Dubai. So, after buying an apartment here don’t sit and wait. The project features 1-5 BR apartments and holiday homes. Try investing in more than one unit. This is because relying on rent from only one apartment might not be enough for you. Whereas if you own four or five apartments, an occasional repair or a single vacancy might not affect your expenditures.
- Take control
Even if you’re a passive investor, staying engaged and active in your Dubai property investments is vital. By staying active we mean addressing issues, getting updates and reports on your properties, anticipating any problems, and getting involved whenever there’s a need. After all, these apartments and penthouses are your assets and ultimately you’re the one who will direct their course.
This concludes our brief guide on things to do after investment in Emaar Beachfront rental properties.
IS EMAAR BEACHFRONT A GOOD PLACE TO LIVE?
As the project’s name implies, the modern development features hotels and waterfront apartments, making it an ideal place to live and invest. The proximity of Emaar Beachfront to Dubai Marina and Palm Jumeirah makes all the best restaurants, leisure attractions, and shopping malls easily accessible.
If you’re also wondering whether Emaar Beachfront is a good place to live or not, then take a look below and know it yourself!
- Ideal location
Emaar Beachfront is a beautiful project in Dubai Harbour. It is located just off Dubai Marina and between Palm Jumeirah and JBR. Strategically located in proximity to Downtown Dubai, Dubai Airport, and Dubai’s best restaurants, malls, and yacht club, the development also allows easy travel to Sheikh Zayed Road, aiding easy access to the rest of the city.
- Safe environment
The presence of plenty of green spaces, security cameras, and guards make Emaar Beachfront a safe and calm place to live. With the feeling of community and privacy, the project promises its residents an integrated lifestyle.
- Full ownership of property
Being in a freehold area of Dubai, the owners can hold onto their apartments as long as they want while obeying the rules and regulations of Dubai real estate.
- Availability of various types of property
This immense off-plan project of Emaar features around 10,000 residential units arranged in 27 residential buildings. One can find 1-4 BR apartments, 3-4 BR penthouses as well as villas and townhouses at various prices. Furthermore, the mixed-use development will also feature a hotel and private access to a 1.5 km pristine beach.
- Ample parking space
In Emaar Beachfront, the residents and visitors might rest easy knowing that there are plenty of parking spots available.
- Surrounding amenities
- The development offers a range of amenities and facilities including prayer areas, gymnasiums, and restaurants.
- Many major supermarkets can be found within a few kilometers of the project.
- Because of the availability of pharmacies, hospitals, and food choices many Dubai property experts recommend investing here.
- The top nurseries and schools near Emaar Beachfront properties include Fun & Play nursery, Monroe’s Nursery, Family & Friends nursery, iCademy Middle East, The International School of Choueifat, and Gyanberry Dubai.
- Mediclinic Meadows, Al Zahra, and Saudi German Hospital are just some of the nearby hospitals that residents of Emaar Beachfront can readily access for medical care.
- Dubai Marina and Nakheel mall are the two famous malls of Dubai which are located just a short distance from Emaar Beachfront.
- Apart from these, there are several other famous tourist spots near Emaar Beachfront properties that are worth checking out with the whole family.
Individuals and families are drawn to Emaar Beachfront apartments and penthouses because of their serenity and area of peace. The development is well-known in Dubai for its lush outdoor land and family-friendly atmosphere, thus is a great place to live!
How Can I Find A Good Real Estate Agent In Dubai?
If you’ve decided to invest in Emaar Beachfront properties, then you don’t have to worry about anything while switching to this project. There are several professional real estate agents available on-site and in Al Barsha to escort you through the buying procedure. These agents are present round-the-clock so you don’t have to waste time looking for anything and you’ll be served immediately!