Experts answer the question why hotel apartments are worth buying.
Serviced hotel apartments kind of property is gaining popularity in Dubai. Let’s find out what is their advantage over regular residential units, and for whom such an option is the best fit.
Mario Volpi, Dubai real estate expert with years of experience, believes that hotel apartments in Dubai are the best option for investing in the emirate’s real estate, especially in the run-up to the Expo 2020, when the demand for hospitality units increases exponentially. That’s why, Dubai areas with better connectivity and accessibility and good infrastructure in place, such as
“A lot of people buy holiday homes in Dubai, and then their plans change. If an apartment is not used for a long time, it might have some issues such as the chiller system not working, etc. Giving it to Hotel management helps removing such glitches. Therefore, this option is best for receiving dividends in your absence" Mario Volpi said about serviced apartment property kind.
This is exactly what the developer Reign Holdings is planning to offer its customers in Milano by Giovanni Boutique. Investors can choose from 124 apartments varying between regular
Another advantage of this kind of investments in serviced units is saving on your service charges, for apartment owners at the Milano complex are spared from these payments if they give their properties to Hotel management to lease it. Milano by Giovanni Boutique Apartments is now 30 per cent ready and scheduled for completion at June 2018. Until that time, you can pay 50 per cent of the property’s cost leaving the other half to be paid at the end of construction.