NO TIME TO WAIT

INVESTORS CHASE DUBAI'S READY-TO-RENT HOMES

- BY MANOJ NAIR Business Editor

Want to cash in further on Dubai's continuing property boom? Then, take a look at the increasing number of offers on ready or near-ready apartments for sale at some of Dubai's happening residential locations.

And here's another incentive: these apartments are being offered fully furnished. The idea is to reduce the time it takes for a buyer to take possession and furnish the unit. In effect, by buying an apartment fully furnished, the buyer can start renting it out immediately. (Or move in for their own use, if that's the purpose.)

Tenants in queue

Sure, these readyor ready-to-move-in units with all the trappings come at a premium, but right now, investors want to limit any time taken to get returns on their spending. "We have seen units that are to be handed over in three months being bought - the best part is that the buyer already has a tenant for it," said an estate agent. "The market is seeing a clear rise in offers for ready/soon-to-be-ready apartments - not just from developers, but from existing owners who want to cash in."