The Type of Tenants That Will Live in an Apartment for Sale in Dubai Hills Estate

If you are a landlord, then you make money by purchasing apartments for sale to lease to tenants. You also probably get along with certain tenants more than others. Therefore, you might be guided by knowing what types of tenants will live in an apartment for sale that you lease to them.

There are different factors that will determine the type of tenants that will live in an apartment for sale. This true in Dubai, in the United Arab Emirates (UAE), and across the world. Some of these factors will be the amenities in the apartment, the major attractions in the neighborhood, and the rent prices in the neighborhood.

First, the amenities in the apartment will play a crucial role in helping a tenant determine which apartment to rent. Some apartments offer services that others do not, such as access to a business center, valet service, and 24/7 security and maintenance. The amenities that will convince a tenant to rent in any area in any city of the world have to do with their demographic. Most tenants will enjoy saunas and steam rooms, but some might prefer a game room if they are younger or have children.

Next, the major attractions in the neighborhood will also appeal to tenants. These can include golf courses, theme parks, and more. Restaurants and retail shops will appeal to younger tenants who have disposable income, while schools will appeal to tenants who have children. Tenants will often look amenities and neighborhood attractions after they look at the rent prices.

Finally, rent prices are the most important factor that a potential tenant will look at before they move in. This is because the tenant wants to know whether they can afford to live there and, further, knows that a landlord will most likely not lease an apartment to a tenant who cannot prove that they have the resources to live there.

Using the amenities, major attracts in the neighborhood, and rent prices, we can determine the type of tenant that will want to rent an apartment for sale in Dubai Hills Estate.

Upper Class and Beyond

A single tenant will likely be from the upper class and beyond, and the same is true of multiple tenants. A landlord can project this because it would require a single tenant to have an annual salary of much more than AED 30,000, and multiple tenants to have an annual salary of more than AED 60,000 when the rent figure is split evenly between three roommates.

Around Retirement Age

A single tenant or group of tenants will likely be at or around retirement age. A landlord can project this from the major draw of the neighborhood, which is the championship golf course. Most (though not all) people who play golf will be older and be at the point of their life when they have finished raising kids.

With Disposable Income

Adding to the projection that the average tenant will be from the upper class and beyond, and most likely around retirement age, we can add to the list that the average tenant will most likely have disposable income. This is due to the presence of retail shops, restaurants, and the fact that the neighborhood is home to Dubai Hills Mall. While some tenants will have more income than others, it is the case that whoever lives here will likely have some amount of disposable income.

Conclusion

A smart landlord can determine the general aspects of a tenant in each area by using rent prices, amenities in the apartment, and attractions in the neighborhood. By using this knowledge when purchasing apartments for sale in Dubai Hills Estate, a landlord can determine that the most likely tenant in their apartment will be from the upper class and beyond, around retirement age, and will have some for of disposable income.

If you are a landlord and these demographics suit you, then now is the time to purchase apartments for sale in Dubai Hills Estate.