Mar 29 2020
Who should consider Emaar Beachfront and why?
If you are someone looking to invest in Dubai to hold over the medium to long term and targeting capital gains and relatively stable yield then Emaar Beachfront is probably the top 3 places to invest in Dubai.
Firstly, it is located in a prime location. Dubai Marina and Palm Jumeirah have been highly popular for buying and renting amongst the expat community, which make up a large part of Dubai's demographic. Emaar Beachfront is located between the two communities. Dubai Marina has, in fact, been one of the most highly transacted freehold communities in Dubai.
Secondly, the master community is being developed by Emaar Properties. Emaar is one of the world's leading developers and is one of the preferred developers in Dubai amongst buyers/tenants. Their developments usually are fully integrated communities (i.e. nurseries, grocery stores, landscaping, well-planned out communities) and are maintained well, thus holding value over the longer term. Other than that, Emaar Properties are considered to be high-quality developments and some may argue that they can be an easier exit, as there is alway demand for Emaar's developments.
Third, Emaar Beachfront is one of the only master-planned condominium communities that offers each building direct beach access at its price point. Areas such as Palm offer limited beach access to residents of the buildings with mainly the villas having direct, free beach access. Areas such as Marina/JBR have access to the JBR beach, however it can get quite crowded and is a public beach. Other developments such as 1|JBR which do have private beach access are selling upwards of AED 2,800 per sq. ft. Residents of a somewhat comparable project, Bluewaters Island, don't have beach access, unless they pay to use the Caesar's Palace beach. Emaar Beachfront is a gated island offering direct beach access from each buildings' lobby, which makes it a unique development. There are only limited towers on the island and only so many plots available for development, so in a sense it makes it quite exclusive and the supply limited. This adds value to the community over the long run, as there is limited competition to Emaar Beachfront, in a city where there is a lot of new construction and supply being developed.
Emaar Beachfront apartments can also be a very good play for short-term rentals, especially the two and three bedroom apartments. Given the direct beach access, f&b outlets, central location, and the cruise ship terminal being located at one end of the island, Emaar Beachfront will attract many tourists, just as the Palm and Marina do. Short-term rentals/Holiday home lets usually fetch investors higher yields than long-term lets. Benefits of the holiday homes model is:
1. higher yields
2. the ability to use your apartment when vacant
3. Easier to exit investment as the unit is vacant
These apartments also offer some of the most iconic views. One side of the island offers views of the open sea, Palm Jumeirah, and Bluewaters Island, while the other side offers view of the Dubai Marina skyline and yacht berths/marina.
Some of the payment plans currently offered by Emaar are very investor-friendly and interest-free, with up to 50% of the price being payable over 2 to 3 years post-completion, allowing investors to subsidize their installments with the rents they receive post-handover.
The downside with some of the units is reduced sizes from the older units in buildings such as Emaar's first six towers in Dubai. This is a trend we have seen across newer construction however. Having said that, the sizes are still decent compared on an international level.
Above are some of the advantages to buying in Emaar Beachfront and why it is an investment hotspot in Dubai at the moment.
For more information on availability, prices, payment plans and an overall presentation on this master community, please contact us. email@example.com or +971 50 734 8269. Continue Reading