April 21, 2016

A Leading Real Estate Company Offers Tips on Choosing a Luxury Property

Buying a piece of property can be the best investment you can ever make in your life—or the costliest mistake you can ever commit. Whether you’re buying it to serve as your private residence, or you’re looking into transforming it into a profitable rental unit, many factors should be considered before you make a decision. It’s absolutely critical to set aside sufficient time and to put serious thought, planning and research into engaging in the real estate market.

Luxury Property
You probably know that the real estate market is one of the most rewarding investment classes, especially now that the industry is gearing for more growth. A property is especially valuable for building a diverse portfolio — one of the keys to wealthbuilding — when you approach it with a long-term perspective. In the UAE today, the most attractive types of properties that yield the best returns include luxury units, high-rises, fashion condominiums, serviced villas, branded apartments, and developments designed for retail and commercial use. Most of these properties are built ready-to-move-into, offering utmost convenience and a deluxe experience for buyers.

With all these impressive choices available, how do you know which one is the right one for you? Here are some key considerations to keep on top of mind:

Deal only with a trusted developer with a stellar track record. Your choice of developer can be the single most impactful factor that will determine the success (or failure) of your decision. When you’re looking into premium properties, go straight to a real estate company that has a proven vision for luxury living, a discriminating taste for selecting building materials and processes, and a commitment to partnering only with the finest employees, designers, architects and contractors. After all, luxury means no compromises.

Zoom into the details. When you’re a high-end buyer, it’s a must to expect to be provided with features and amenities that go beyond the basics. Does it have laundry facilities built-in, or will someone be available to clean and take care of your clothes? Is the gym within walking distance, or can you do yoga in a private, sunlit lounge? Is the closet space enough for you? And is the kitchen equipped with an espresso maker? Part of the price you’re paying is to live your dream life, so make sure to check all the big and small details that will affect your daily comfort and productivity.

Look beyond the address line. They say location is a key factor in real estate — more so when you’re interested in luxury living. In this case, you don’t settle for a property “merely” because it is located in a location classified as prime. Remember that when buying a luxury home, you’re also buying into a lifestyle. So beyond the zip code, look into other elements of the location, such as who your neighbours are, what type of future developments are planned for the area, and what the overall culture, vibe and scene in the district is like. After all, it’s not just about who you are, but also where you live.

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 damacproperties