Flipping Apartments in Dubai: Information for Beginners
4:08 pm | 09.11.2023
What do you need to consider when looking for an apartment for a successful sale with a good margin? Three key criteria: the potential of the apartment, the condition of the house, and the location. At first, you will have to rely on your intuition, but with experience, you will be able to immediately see potential “diamonds”.
The location of the apartment plays an important role. Consider the availability of shops, schools, kindergartens, clinics, and transport accessibility.
Infrastructure is important: the availability of places for walking and public transport.
When flipping, avoid areas with just developing infrastructure, as you need to quickly sell the property. Locations where socially significant facilities are still under construction are not suitable for this strategy.
Like any investment strategy, flipping has its subtleties, which, if not taken into account, can lead to unwanted expenses. Here are the most common mistakes:
Short-term strategies always carry greater risks, especially in the case of flipping, where time is of the essence. Therefore, using a mortgage or loan to buy a flipping apartment may result in you not being able to recoup your investment or even remaining in debt.