Prince Lee

If you are a landlord in the Middle East, you may be looking to increase the properties in your real estate portfolio. One such type of property you might consider adding to your portfolio is the villa. The villa is a single-unit building, sometimes found within a compound, that is rented out to at least five people, usually all from the same family. Villas differ from apartments in three ways. First, apartments will have a limited number of people, bedrooms, and bathrooms. The highest number of bedrooms we have seen in an apartment in Dubai is five. Meanwhile, villas will have many more people, bedrooms, and bathrooms. One of the largest villas in Dubai is a mega-mansion, which has 12 bedrooms and bathrooms, and they are usually rented out to expatriates with a large family. Second, the types of rooms are different. An apartment in Dubai will typically have at least one bedroom and bathroom, a maid’s room, a kitchen, and a storage room. At the same time, a villa will have all these ro...

 As a landlord, you try to attract the best tenants to your properties. In many areas of the world, this usually means the best tenants for you are also the wealthiest. In Dubai, there are two main groups of wealthy tenants, and they are expatriates and citizens. First, expatriates come from other countries. They usually come from America, Great Britain, and many other Western nations. Their native currency plays well against the dirham (AED), the currency of the United Arab Emirates (UAE), which is where Dubai is located. Expatriates will often be retired persons who want a quiet area of the city, away from the loud noise in the heart of the city. Whether retired persons or younger with families, expatriates will never move to the UAE or any other country unless they think they can afford it to begin with.  Finally, wealthy Emiratis are from the upper class. They have large amounts of disposable income and will either have families or be retired. They enjoy sending their chil...