Comparative Narrative for Persons House-Hunting for A Studio Apartment in Deira
To people considering
taking a break from the corporate Dubai and probably considering a time off,
retreat or adventure, Deira is certainly the place for you. Whether buying or renting
an apartment, there exists a countless number of housing or lodging options
ranging from duplex, garden, luxury, penthouse, triplex, studio, one or two-bedroom
apartments, studio apartments in Deira, Dubai are one of the commonest. Studio apartments in Deira are said to be affordable and
under the reach of low cost residents. Deira’s advantage is that it offers low
cost and high standard studio apartments available to all. This article is
aimed at dishing out as much information as possible on why a studio apartment in Deira, Dubai should
Expect Limitless Options of
Studio Apartments in Deira, Dubai
There exists a countless
number of limitless options and choices for a person intending to buy a Studio apartment in Deira, Dubai. House
hunters and persons looking to find a studio
apartment in Deira have a wider range of property options. In recent
times, there has been the launch of new projects and many emerging projects are
in the process of getting completed with the government recently announcing a significant
expenditure on Deira’s infrastructure.
in Studio Apartments in Deira Yield High Venture Returns
Deira’s property market is
said to offer interested investors some attractive rental returns when compared
to other cities in the Emirates. Property investors particularly investments channelled
into studio apartments in Deira achieve a
gross yield of between 6 percent to 8 percent. On the other hand, interest rates
of about 4 percent are achievable with the numerous available financing
options. Although investing in studio apartments
in Deira, Dubai are sometimes said to be a relatively high-risk
profile option, in the end, investors still achieve higher returns.
Also, in recent times, there
has been an off-plan surpassing secondary market sale by 30%, revealing the
heightened level of investors confidence in Deira, Dubai.
Studio Apartments in Deira Are
The availability of a Studio apartment in Deira, Dubai and
other housing options in the real estate market attracts both end users and
investors alike as there has been a tremendous shift in favour of the middle
income of affordable housing in general in recent times. Deira is slowly growing
into a competitive global city where renters of studio apartment in Deira, Dubai spend barely 2500 AED of their
monthly incomes on rent.
Lover of history, art and
culture? Another reason why you should look up available studio apartments in Deira
Deira is regarded as the “old
Dubai “and is popularly described as an outstanding place to live in considering
the amount of history it possesses and also because it connects with the main
city of Dubai. Deira offers best places of Indian and Asian cuisines so its
most population consists of Indians and Asian expatriates. For persons
considering acquiring a studio apartment
in Deira, Dubai, living with a mix of cultures could broaden the mind of a
person living in or merely exploring Deira. Additionally, the night life however
limited to laying by the beach, riding in a yatch, visiting souks, malls or trying
out karaoke in bars or hotels, the Deira way. Moving around Deira is not as difficult
as it has superior transportation routes.
As stated earlier housing
including studio apartments in Deira,
Dubai is affordable and under the reach of low cost residents with no annual
property taxes. Its specialty is that it offers low cost and high standard
residences available to all.
Number of Realtors for Assistance Where Necessary
Deciding on acquiring a studio apartment in Deira, Dubai is one
thing and finding a realtor is another but all thanks to the internet. There
are numerous websites where refer interested buyers of houses including studio apartments in Deira.
The realtor eventually chosen should however be licensed by Real Estate Regulatory
Agency (RERA). To be on the safe side, its best to use google search engine,
searching for real agent agencies or realtors of studio apartments in
Dubai realtors to assist
with finding a studio
apartment in Deira can also be found in open houses which doubles as a non-threatening
working environment. This way, an interested buyer barely has to exchange
business cards with the realtor and contact him or her when there is eventually
need for it.
In the same vein, studio apartments in Deira, Dubai can
be found through tracking neighbourhood signs. This is achieved by giving close
attention to listing. A realtor eh sells listings might be a better choice.
Also, a studio apartment in Deira, Dubai can be
found on the pages of Deira’s local newspapers set aside for house ads. This way,
every information necessary for the search can be divulged by the realtor. Rather
than settle for information from one realtor it is not a bad idea to get as many
ideas as possible or recommendations from more than one professional especially
if the specialty of the realtor you have found is not in line with your needs.
Convinced into Getting a Studio Apartment in Deira? The Federal/State Laws Have
Got Your Back
A Sales and Purchase
Agreement (SPA) is a necessity for commercial and property transactions especially
when renting an apartment, studio
Apartment in Deira, Dubai inclusive. Before the SPA is issued, all issues
regarding the apartment must have be cleared or if precedent conditions arise after
the signing of the SPA, the document automatically becomes invalid.
Furthermore, Article 356
of the UAE penal code is against two people, who are unmarried living together,
hence is more practical to decide to rather live with a friend, colleague of
co-worker, a person in which one has a platonic relationship with.
Also, in drawing up a
tenancy contract, the buyer of the studio
apartment in Deira, Dubai must ensure that they are dealing with a realtor
that is a part of the Real Estate Regulatory Agency (RERA). In the case where a
person is renting, they must also get registered with an “ejari”. An ejari is basically
the chief rent regulator who ensures tenancy agreements are strictly adhered to