Discover how my friend turned a modest one-bedroom apartment in Dubai into a rental goldmine in just four months.
AirBnB Success in Dubai
One of the best investment strategies I’ve seen involves buying a one-bedroom property in a nice neighborhood like the Greens.
Let me share a story about a friend of mine.
He bought a ground-floor apartment, which many people think doesn’t earn much rental income.
He financed the purchase through a bank.
And spent a few thousand dirhams to upgrade the kitchen, flooring, and decor.
In the first four months, he earned about 14,000 to 16,000 dirhams per month by renting it out short-term.
To put this in perspective, the average yearly rental income for one-bedroom apartments in the Greens is around 75,000 to 85,000 dirhams.
So, in just four months, he made around 60,000 dirhams, which is a lot more than the average for the same time period.
This shows that using a mortgage to buy and rent out real estate can be a smart move, especially in a well-located area like the Greens.
This neighborhood is great because it’s close to schools, shopping centers, and major roads like Sheikh Zayed Road.
Plus, there’s a hotel nearby, which is a good sign that short-term rentals will do well.
So, if you’re thinking about investing in real estate, consider this strategy.
It worked wonderfully for my friend, and it could work for you too.
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