If you've ever wondered why some properties in Dubai come with a higher price tag simply because of an unobstructed view, then this post is for you! As one of the most sought-after amenities among homebuyers and investors alike, an unobstructed view has the power to influence property prices significantly. In this blog post, we'll explore what makes these views so desirable and why buyers are willing to pay more for them.
As the population in Dubai continues to grow, the demand for properties with an unobstructed view is also on the rise. Developers are responding to this demand by offering more units with an unobstructed view, and buyers are willing to pay a premium for these units.
An unobstructed view can be defined as a clear line of sight from the property, without any obstructions. This could include views of the city skyline, the Burj Khalifa, sea or lake. Having an unobstructed view is a luxury that not all properties can offer, and buyers are willing to pay more for this luxury.
While an obstructed view may not be a deal-breaker for some buyers, others are willing to pay extra for a property with a clear line of sight. Developers are aware of this preference and are offering more units with an unobstructed view in order to attract buyers.
Why Do Buyers Prefer an Unobstructed View?
In Dubai, unobstructed views are highly coveted by buyers and can often result in a higher sale price. There are several reasons why an unobstructed view is so desirable in Dubai. First, an unobstructed view means that there are no tall buildings blocking the natural light from entering the property. Secondly, an unobstructed view also means that the property has more privacy since there are no neighbors looking in. This is particularly important to buyers who value their privacy. Finally, an unobstructed view simply looks nicer and makes a property feel more luxurious. These points in turn result in significantly higher returns for long terms and short term term rentals.
Additionally, an unobstructed view can help to increase the value of a property. This is because potential buyers will be willing to pay more for a home that offers this type of view. If you are thinking about selling your property in the future, then investing in an unobstructed view now could help to boost its resale value.
How to Maximize Value with an Unobstructed View
There are many ways to maximize value with an unobstructed view. The first way is to purchase a property that has an unobstructed view. This may seem obvious, but it is important to consider all of the factors that can obstruct a view when making a purchase. Another way to maximize value is to make sure that the property has a good location. A good location will ensure that the property has a good resale value and can be rented out for a higher price.
The third way to maximize value is to make sure that the property is well-maintained. A well-maintained property will have a higher resale value and can be rented out for a higher price. Finally, it is important to consider the future when making a purchase. Investing in upgrading the property can provide a long-term desirability from tenants and potential purchasers.
Investing in Properties with an Unobstructed View in Dubai
As the number of high-rise buildings in Dubai continues to grow, so does the demand for properties with an unobstructed view. While some buyers are willing to pay a premium for such properties, others are content with a lower price tag and a view that may be obstructed by other buildings.
However, there are several reasons why buyers are willing to pay more for properties with an unobstructed view. First and foremost, an unobstructed view provides a greater sense of privacy and helps to create a more tranquil living environment. Secondly, homes with an unobstructed view often have larger balconies or terraces which provide additional outdoor space for residents to enjoy. Finally, many buyers believe that properties with an unobstructed view will appreciate at a higher rate than those without one.
If you're considering investing in a property in Dubai, be sure to consider the importance of an unobstructed view. While it may come at a higher price tag, it's likely to be worth the investment in the long run.
Examples of Properties with an Unobstructed View in Dubai
When it comes to purchasing a property, people are willing to pay extra for an unobstructed view. In Dubai, this is no different. There are many examples of properties with an unobstructed view that come at a premium price.
One example is the Jumeirah Beach Residence. This development is located on one of Dubai’s most popular beaches and offers stunning views of the beach, sea and Dubai Eye.
Another prime example is the Palm Jumeirah, which offers its residents incredible views of the marina Skyline, Sea and the Burj Al Arab hotel.
Similarly, properties in Downtown in particular the Residences and the Address Downtown offer some of the prime views of the fountain and the Burj Khalifa.
If you’re looking for something a little more affordable, there are also many mid-range developments that offer great views. For example, the apartments within Jumeirah Lakes Towers offer desirable views of the lake and the park.
In conclusion, it's clear that buyers are willing to pay more for properties with an unobstructed view in Dubai. This is because these properties offer residents a unique view of the cityscape and provide them with privacy away from the hustle and bustle of daily life. With so many advantages, it makes sense why people are willing to invest their hard-earned money into buying such homes. The key takeaway here is that if you're planning on investing in real estate in Dubai, be sure to consider whether or not your property has an unobstructed view as this could make all the difference when it comes time to sell!
At hometree, we are happy to share our valuation knowledge in understanding what should be the right price of an asset.