As real estate prices are going down, some people are buying homes as an investment option, hoping the value will appreciate. If you want to buy a home to live or invest, you should consider buying a penthouse or a duplex.
What is the difference between a duplex and a penthouse?
Essentially, a duplex is a building with separate living units which can be side-by-side to each other or separated by the ground and upper floor where each unit has its own entrance. On the other hand, a penthouse is a residential unit placed on the uppermost floor or floors of a building. Penthouses are differentiated from other types of residential units by luxury features.
Which is better between a duplex and a penthouse?
Advantages of owning a penthouse
- Unobstructed Views
One of the most alluring features of a penthouse is the unhindered scenic views. Since most of them are placed in high-rise buildings, they cannot be obstructed by other buildings.
- Quiet
Penthouses are placed high above the busy streets. So, residents are away from the traffic and other loud noises. Residents of penthouses live in a more peaceful environment.
- Natural air
Other buildings do not obstruct penthouses. As a result, there is plenty of natural light that flood the property.
Drawbacks of a penthouse
- Long way up
For those living in a penthouse, a lift is not a luxury but a requirement. Therefore, the lift must be functioning at all time in order to reach the unit. If the lift is not working, residents will have to climb the stairs.
Advantages of a duplex
- Affordable
Compared to penthouses, duplexes are located in affordable neighbourhoods. If you cannot afford a penthouse unit, a duplex is an excellent option.
- Earn income
In a duplex, you can live in one unit and rent out the other. This could be appealing if you took a loan or a mortgage to buy the house. The rent collected can be used to repay the mortgage or loan.
Drawbacks of a duplex
- Getting the right tenant
It is very difficult to get the right tenant to rent out the other unit. A wrong tenant can cause disputes or compromise your privacy.
If you are looking forward to buying a property in Dubai, you should consider Emaar off-plan projects in Dubai. Here, you will get a variety of property types at favourable prices and terms. Alternatively, you can also consider City walk apartments for sale in Dubai or the rich selection of apartments for sale in Downtown Dubai too.