Reasons for the increased demand for properties for sale in Umm Al Quwain
The real estate market in Umm Al Quwain witnessed a 50% growth in 2023 compared to the previous year, according to a report issued by the Department of Lands and Properties.
The accelerated growth is attributed to the vital industrial area of Umm Al Thaoub, which is filled with Gulf and foreign investors due to the proximity of electricity supply to their projects, its closeness to Sheikh Mohammed Bin Zayed Road and the Emirates Road, and the simplified property registration procedures by the Department of Lands and Properties, leading to an increase in the number of investors, especially in the new industrial zone, and the opening of government and private projects.
- Umm Al Quwain is characterized by its beautiful nature, scenic coastal location, serene city atmosphere, and real estate investment opportunities. Visitors can observe its economic development, infrastructure, and cultural diversity, leading to a modern society.
Types of Properties in Umm Al Quwain:
This emirate offers a diverse range of properties, including luxurious, medium, and compact apartments, residential and commercial complexes, villas, rural houses, coastal chalets, commercial shops and offices, and open land.
Factors making Umm Al Quwain an ideal destination for real estate investment:
New laws have contributed to the growth and development of all investment sectors in the emirate, particularly the real estate sector. It supports the aspirations of all investors and allows investment for all nationalities, thereby boosting the development fund.
Expected return on investment for Umm Al Quwain properties:
-
3.17% – Apartments
-
7.97% – Villas
With the significant economic development achieved by the emirate in recent years, the indicators of increasing financial returns from real estate investments have seen a noticeable rise.
The Umm Al Quwain Industrial Zone has confirmed its diligent work in contributing to the construction of the industrial area, meeting the highest local and international standards. The rental contracts in the Umm Al Thaoub industrial area increased by 50.21%, with a total investment in real estate reaching 43 billion dirhams.
Benefits of buying properties for sale in Umm Al Quwain:
Umm Al Quwain has become a strong attraction for foreign tourists and Gulf residents, whether for residence or tourism. The city offers important tourist attractions, historical landmarks, and a modern infrastructure, making it appealing for residents, investors, and tourists. Property prices are lower compared to other regions in the UAE, and the population is diverse, with residents from both inside and outside the country.
Areas for buying properties for sale in Umm Al Quwain:
Some of the well-serviced educational areas in this emirate include the Green Belt, Al Salma, Umm Al Quwain (educational area), and Khalifa City.
Tips for successfully buying properties in Umm Al Quwain:
If you are a resident of the UAE or a foreigner looking to buy property for residence or investment in this emirate, it is essential to have sufficient knowledge about the methods and ways of investing in this prosperous and beautiful country.
Study the real estate market, investment returns from buying, selling, and renting, and the economic and political situation and its impact on the market.
Determine your investment strategy and capabilities, whether you plan to increase capital or benefit from rental income based on the type of property, residential, or commercial. Local experts, agents, and brokers can provide valuable information about the real estate market in Umm Al Quwain, and you can rely on them for guidance on property and review all necessary documents, compliance with ownership laws, including financing, knowledge of banks and institutions that support mortgages, and how to repay installments.
The most important thing to consider is the location of the property, the neighborhood, and the available services in the area where it is located, including health, education, commercial services, infrastructure, and all modern residential requirements.
How to display properties for sale in Umm Al Quwain on the real estate website:
You can promote your property on Properties Portal website in two ways: first, through an agent by providing them with the specifications of your property and contact information so they can display your ad and inform you of the results. Alternatively, you can register on the website as an agent, enter your details, create your ad, and have it approved by our specialized team. Welcome aboard!
———————-
Show More:
How to rent real estate in the Emirates and increase the rate of investment return
How do I list a property for sale in Dubai, UAE
The real estate market in the Emirates and the impact of major sporting events
