Real estate can be classified into four broad categories, depending on its use. For example, residential real estate includes single-family homes, condominiums, townhouses, and multifamily rental properties that have four units or less.
4 Types of Real Estate
Commercial real estate, on the other hand, involves land transactions primarily for business purposes, such as office buildings, retail spaces, and strip malls. Retail properties can range from single-tenant shops to shopping malls with multiple tenants.
Residential real estate includes anything that people can live in. For example, investors often purchase single-family homes and rent them out real estate agency dubai. They can also invest in multi-family properties that can generate multiple streams of income.
In fact, many new investors begin their investment careers by renting out multi-family properties. And commercial real estate includes any property that is used for commercial purposes, such as warehouses and factories. Owners rent out space to business tenants in exchange for a monthly fee to conduct business on the property.
Residential real estate is the second oldest type of real estate, after agriculture. While it is still primarily a small investor and owner-user market, residential real estate is becoming increasingly popular with institutional investors.
Multifamily buildings are divided into three large categories: garden apartment buildings, midrise apartment buildings, and high-rise apartment buildings.