Hotel apartments for sale in Dubai
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When people look at investing in property in Dubai they think mostly of apartments or villas. But many often overlook the concept of buying a hotel apartment in Dubai.
Hotel apartments are a hybrid accommodation option that gives you the comforts of home like furniture, appliances and a small kitchen with cutlery and crockery; but in the setting of a hotel without the room service. It works very well for Dubai’s ever transient population looking at short term stays without the paperwork of a traditional rental and without the quickly escalating costs of a hotel.
So why should anyone consider buying a hotel apartment for sale in Dubai? Or why would one invest in a Dubai hotel apartment? Well, you could actually buy a hotel apartment and live in it yourself. Think of it as living in a hotel and enjoying its comforts without the nightly hotel costs. It comes with plenty of benefits and can make great economic sense depending on your situation.
As an investment, it makes perfect sense to buy a hotel apartment due to Dubai’s status in the world as a major travel, tourist and business hub. Since Dubai is set to become even more popular with visitors in the lead up to World Expo 2020, people are looking for affordable accommodation that won’t break the bank and a hotel apartment will do just that.
You could buy a hotel apartment and lease it out as you like (within the law of Dubai and the UAE) and see great returns as time goes by.
Popular places to find hotel apartments for sale in Dubai right now include the iconic Downtown Dubai hotel apartments and Palm Jumeirah, Business Bay, Dubai Marina and Barsha Heights. There are also many hotel apartments for sale in Akoya, which is one of DAMAC’s major property developments in Dubai. There are some absolutely spectacular hotel apartments for sale in Dubai, with plush fittings and in luxurious settings that match Dubai’s style of pure indulgence. Get a hotel in the right spot and you’ll be able to enjoy sensational views of the Burj Khalifa and Dubai’s amazing skyline.
When buying a hotel apartment in Dubai, be sure to work with reputable experienced agents who understand Dubai’s property laws. Hotel apartments with a value of 1,000,000 AED and above at the time of purchase entitle the purchaser to a residency visa in Dubai valid up to 2 years. Having all your paperwork in order and a clean certificate of good conduct from Dubai Police will improve your chances of securing the visa through property purchase.
Look for a hotel apartment for sale in Dubai today and see what the future holds for you!