One of the challenging things that a landlord must do is to determine which properties to purchase.
While location, amenities, apartment features, and complex features are crucial for attracting tenants to the apartment complex, landlords want to turn a profit from tenants paying rent. In Umm Suqeim, Dubai, this is no different.
To determine if an off-plan project is worth investing in, landlords must weigh the handover dates, rent, purchase prices, and payment plans. Handover dates are when landlords gain possession of the property.
Rent will help landlords determine how long it will take to turn a profit on the property. Apartment prices help landlords calculate the rent. Finally, payment plans show the landlord when they must pay off the property.
Here is our landlord’s guide to the best real estate off-plan projects in Umm Suqeim, Dubai, in the United Arab Emirates (UAE).
1. Handover Dates
Handover dates are crucial data that landlords use to determine if they should buy an apartment. There are four communities in Umm Suqeim with off-plan apartments ready for purchase.
They are Rahaal, Asayel, Lamtara, and Madinat Jumeirah Living. The two one-bedroom apartments in Rahaal were ready for handover in March 2022, and one was available in 2021.
In Asayel, one of the 1-bedroom, 2-bathroom apartments will be ready for handover in the 2nd quarter of 2023, while the other will be ready in March 2023.
Realtors do not have the handover date for the apartment in Lamtara, while the 4-bedroom, 5-bathroom apartment in Madinat Jumeirah Living is ready for tenants.
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2. Rent
When determining how much rent to charge tenants, landlords should look at rent prices in areas like where they purchase their property.
In Umm Suqeim, apartments are already for rent in Rahaal, Lamtara, and Madinat Jumeirah Living. This rent table shows the expected rent for these communities:
| Community | Type of Apartment available for sale | Number of Units Already for Rent | Rent Range (annually) |
| Rahaal | 1-bedroom, 1-bathroom (2) | 2 | 115,000 AED – 125,000 AED |
| Rahaal | 1-Bedroom, 2-Bathroom (1) | 1 | 125,000 AED |
| Lamtara | 2-Bedroom, 3-Bathroom (1) | 1 | 200,000 AED |
| Madinat Jumeirah Living | 4-Bedroom, 5-Bathroom Apartment | 1 | 500,000 AED |
The only unknown rent is for the two 1-bedroom, 2-bathroom apartments in Asayel. Since similar flats are for rent in Umm Suqeim, we can use the rent prices in the community, which means landlords can charge rent from 110,000 AED to 150,000 AED.
3. Purchase Price
The purchase price represents the investment that landlords make in the property. Rahaal, Asayel, Lamtara, and Madinat Jumeirah Living have apartments for sale.
Rahaal has three flats, and Asayel has two. Lamtara, Asayel, and Madinat Jumeirah Living each have one. Here at the purchase prices for these apartment complexes:
- Rahaal has two 1-bedroom, 1-bathroom apartments, which sell for between 1,750,000 AED and 2,000,000 AED.
- Rahaal has one 1-bedroom, 2-bathroom apartment that sells for 2,000,000 AED.
- Asayel has two 1-bedroom, 2-bathroom apartments, which sell for between 1,680,000 AED and 1,900,000 AED.
- Lamtara has one 2-bedroom, 3-bathroom apartment that sells for 3,900,000 AED.
- Madinat Jumeirah Living has one 4-bedroom, 5-bathroom apartment that costs 12,000,000 AED.
4. Payment Plans
Landlords can determine the feasibility of the payment plans by weighing the terms against the purchase price and the rent.
The realtors in the Rahaal, and Asayel, communities make their payment plans known. The table below shows the types of payment plans and where you can find them in Umm Suqeim.
| Community | Payment Plan Type | Payment Plan Terms |
| Rahaal | · Day of transfer · 50/50 · 40/60 | · Pay the price in full on the day of the transfer · 50% plus a premium is due on the day of transfer, and then 50% is paid to the developer · 40% is due on transfer, with the other 60% paid on handover |
| Asayel | · 40-10-50 | · 40% is paid on transfer, 10% on handover, and 50% over two years |
The realtors in Lamtara and Madinat Jumeirah Living do not make their payment plans known, though Lamtara’s realtors want the entire payment upfront.
5. Conclusion
When examining the details on payment plans, rent, and purchase prices, landlords can discover crucial data. For example, while Rahaal has the most payment plans available, Asayel has the lowest purchase price.
Meanwhile, Madinat Jumeirah Living’s and Rahaal’s apartments are ready, while Asayel’s will not be ready until 2023. Finally, landlords can charge the most rent for Madinat Jumeirah Living’s apartment, while they will charge the least rent in Rahaal or Lamtara.
There is a limited number of apartments in the off-plan projects in Dubai at Umm Suqeim. If you like these details, you should buy these apartments before someone else does!
