Quote:
Originally Posted by chaumi
Hi
I'm just about to take handover of a 2BR Jumeirah Beach Residence apartment - Tower D01 T01 31st floor, marina view.
Any opinions on the future outlook for JBR?
Do I attempt to sell now, or go for a long term rental?
Thanks
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You have just got possession and you want to sell ??. Is it full Marina view, the apartment will be close to the beach. if the view is unobstructed. The property will do well on short term rentals or long term rentals.
Get an opinion from agents like Better homes dealing in short term rentals. Weigh the returns with long term which are generally much higher. Then take a decision what you want. I suggest you rent the apartment. Depending on when you bought, you would have already got a decent appreciation. As long as the rent covers the EMI, you should not be worried.
Marina & proximity to beach apartments generally do well on short term rentals.
Regards
Roshan I