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Who can tell you better than a real estate agent, about the properties you can buy for $1 million. Here are their wish-to-buy properties under $1 million.
Sanjay Chimnani – Director Of Raine&Horne Dubai
Sanjay has an active imagination and the right ideas; he’d like to invest his $1 million that is around Dh3.672.950.000 in Blue-waters Island. Islands attract him, and he believes that a unit there will become the center of attraction in the coming years. These will be as famous as the London Eye in the coming years. The place can become a great holiday home according to him. You can easily buy a two-bed apartment in Blue-waters for about Dh3.3; the place can be used for end-use or as an investment. All in all, it’s a great decision for someone who has enough money.
Ranjeet Chavan – Managing Partner At Gulf Sotheby’s International Realty
To Ranjeet, it’s all about the location, the better the location, the higher the returns will be. There is no better location than Shaikh Zayed Road. The location has excellent connectivity to all significant landmarks as well as is pretty accessible. You can easily get to your kids’ school, or the hospitals, get in touch with your bank. The place is within the vicinity of convenient store chains, famous restaurants, and international airport as well as can be reached by public transport. Other prime locations to invest your $1 million are Downtown Dubai, Business Bay, and Mohammad Bin Rashid City.
Laura Victoria Adams – Managing Director Of Carlton Real Estate
Laura Victoria is a smart lady who believes in making all lucrative decisions. She would love to invest the money in off-plan properties or even ready ones. To her, these are the ones that will generate income instantly, and she isn’t wrong. A few studios here and there or a high in demand apartment will yield good returns if you rent them out to the right tenants. JVC and IMPZ are great areas to have rental properties; these locations are high in demand. For high-market, she suggests Dubai Marina or Business Bay, and for low-market, her suggestion is Sharjah.
To cap it all, she believes she can score as many as five properties with her million dollars. She would rent all these five properties to earn hefty returns.
Her list of rentals includes:
- Ready studio for Dh370,000 in Dubai Sports City
- Ready one-bedroom flat for Dh590,000 in Dubai Sports City
- Equipped one-bedroom for Dh820,000 in Dubai Marina
- Off-plan Property around Dh1.3 million at Emaar’s beachfront project
- Ready studio for Dh361,000 at JVC
Click here to Read About: South Beach Holiday Homes At Emaar Beachfront
Deniz Zeybek – Sales And Marketing Director At Fidu Properties
Just like Victoria Zeybak also believes in the potential of ready properties. He believes in cherry-picking the best ones and invest in them for high returns. His preferred areas would be either Downtown or Dubai Marina; these are high demand areas. If he is to decide as an end-user, he will alter his decision and go for the community feel that makes one settle for life. Something along the line of Emirates Living that is full of comfort, luxury, and endless amenities.
Mario Volpi – Sales And Leasing Manager At Engel & Völkers Dubai
According to Mario Volpi, the best way to invest a million dollar is to get freehold properties in Al Furjan. The community is filled with luxurious villas; the location is great as it’s at walking distance from the metro. A two-story plus three-bedroom villa measuring 3,242 sq ft can be bought in around Dh3 million, at a five-year plan. With cash payment or mortgage option, you even get a discount of 15%, so that decreases the price to Dh1.1 million approx. The option is great if you are to rent the place out and enjoy great returns, it leaves you enough to buy an apartment in a new tower and give it up for rent.
Rajiv Ghanekar – Senior Real Estate Broker At Keller Williams Real Estate Dubai
As a real estate agent, all you need is a property that is both unique as well as profitable. Something that is both high quality and in demand, so for a million-dollar, Rajiv will go for a couple of properties in Springs townhouses. These can be bought at Dh1.5 million easily. These are great for rentals and are always in demand.
That’s not his only option, though; he would also like to explore the opportunity to buy a couple or more apartments of one-bedroom in the most famous Dubai Marina or Downtown Dubai. The properties would cost around Dh1.2 million to Dh1.4 million. Not a bad choice, we’d say.