Dubai Invest PRO

Dubai Invest PRO Our team of UAE real estate experts has been delivering successful solutions for 13+ years.

How Much Could You Have Earned if You Had Bought an Apartment a Year Ago?Often, we hesitate out of fear: we worry that o...
03/12/2024

How Much Could You Have Earned if You Had Bought an Apartment a Year Ago?

Often, we hesitate out of fear: we worry that our choice might be unsuccessful or have negative consequences. For example, we delay buying property abroad, and a year later, we look back and realize that we should have acted "yesterday."

Take a look at how prices in the primary market have changed over just one year:
- Apartments increased in price by an average of 9.4%, villas by 43.3%.
- The cost per square meter rose by 12.6% for apartments and by 21.1% for villas.

Here’s an example of price dynamics for a real apartment:
1. In 2023, an investor bought an apartment at the launch of the Sunridge project by Emaar in Mina Rashid for approximately $422,000.
2. Today, its price on the resale market is approximately $476,000.
3. Price growth: $54,000, or 13% in one year.

The project is still under construction, and the price will continue to rise as the location develops. If the owner waits until the handover in Q1 2027, they could resell the apartment with a maximum increase of up to 30%.

Investors see the potential of the growing market and continue to expand their portfolios with new properties. Following this demand, the volume of sold real estate in the off-plan market grew by 73% in a year. Developers are being forced to respond by launching more projects.

⚡️ Our advice: don’t wait.

How Does Installment Payment Work for Real Estate in the ?In Europe, it’s difficult for foreigners to buy an apartment ...
03/12/2024

How Does Installment Payment Work for Real Estate in the ?

In Europe, it’s difficult for foreigners to buy an apartment with a mortgage without dealing with bureaucracy. In the UAE, it’s much simpler—you can choose and purchase a property online, and in addition to mortgages, there are interest-free installment plans. In practice, 70% of buyers choose this option.

If a mortgage is provided by a bank, installments are offered directly by the developer. This means installment plans are only available for primary market properties. Exceptions include resale units in ongoing construction projects or projects with payment plans that extend beyond completion (see point 2 below). In such cases, the new owner usually inherits the payment plan from the previous one.

Installments can range from a few months to 8 years. It’s important to note that installment plans are available to foreigners, both for budget-friendly projects and luxury developments.

Two types of installment plans available in the UAE:

1. Before construction completion or key handover — The entire amount must be paid in installments before the project is delivered. This is the most common type of installment plan, with an average duration of 3–4 years.

2. After construction completion or key handover — Part of the property cost is paid before handover, and the rest is paid over several years after completion. This format is less common, appearing in around 20% of cases.

Payment plans vary. The most convenient ones for investors are those with low initial down payments, as they minimize financial strain.

What is Included in the Cost of Real Estate in the In many countries, when you buy a property, you’re essentially getti...
03/12/2024

What is Included in the Cost of Real Estate in the

In many countries, when you buy a property, you’re essentially getting just the apartment itself. If you want developed infrastructure in the residential complex or additional services, you’d need to pay extra or look at business-class housing and above.

In the UAE, you get much more than just square meters:

1. All units are delivered fully finished: This includes a kitchen, built-in wardrobes, and bathrooms. Sometimes, they even come with appliances, furniture, and decor, down to curtains.

2. Every residential complex includes amenities like a pool, gym, and barbecue area. Mid-range and premium projects offer even more advanced infrastructure, from saunas and cinemas to water parks and concierge services.

3. The price always includes at least one parking space. For apartments over 140 m², the owner receives two parking spaces.

4. In 99% of cases, projects feature barrier-free environments, gated territories, large or panoramic windows, ceilings of at least 3 meters, and centralized cooling systems.**

🔥 Bonus: Purchasing property in the UAE can grant you residency. You can get a 2-year Emirates ID with a property worth $205,000 or more, or a 10-year "Golden Visa" for properties priced at $545,000 and above.

Q&A on the UAE Real Estate Market1. What is the starting cost of apartments in Dubai?Properties can be divided into thre...
03/12/2024

Q&A on the UAE Real Estate Market

1. What is the starting cost of apartments in Dubai?
Properties can be divided into three categories:
- Comfort — from $200,000
- Business — from $500,000
- Premium — from $1 million

2. Is installment payment available for foreigners?
Yes. Installments are offered for 2–8 years at 0% interest.

3. Can a foreigner get a mortgage from a Dubai bank?
Yes, but the following are required for approval: residency, employment in the UAE, an official salary of at least $4,000 per month for six months, and a good credit history.

4. How much is needed to reserve a property?
In most cases, 10% of the price is enough to reserve a property, but the amount can be lower.

5. What is the expected return on investment?
6–12% from rental income and around 15% annually from resale, especially with the leverage provided by installment plans.

6. Is it realistic to earn 50% annually on Dubai real estate?
If someone promises this, it’s unrealistic and overly optimistic. While there have been cases where our clients achieved such returns, these are exceptions and largely depend on luck, so it’s not something you should count on.

7. How much do your services cost?
Nothing when working with new developments — developers pay us from their marketing budgets. This allows us to offer clients properties that benefit them first and foremost, with no bias.

How does Dubai law protect investors from incomplete construction?If you decide to invest in real estate, you must be pr...
03/12/2024

How does Dubai law protect investors from incomplete construction?

If you decide to invest in real estate, you must be prepared for certain risks—they always exist. The question is how they are regulated. In Dubai, for example, property owners, including foreigners, are well-protected against one of the main risks: incomplete construction.

The emirate enforces the following measures:

1. Before starting a project, developers are required to provide a bank guarantee, confirming they have the funds to complete the project.

2. Transactions are conducted through an escrow account—buyers deposit their money into this account, and the funds are released to the developer only after completing specific stages of construction and obtaining approval from the Dubai Land Department (DLD).

3. Developers are monitored by the Dubai Land Department (DLD), a regulatory authority that can revoke a developer's license in case of financing issues, project delays, or other problems.

Even if the developer loses their license during the construction process, there’s no need to panic: the DLD transfers the project to another developer for completion.

Welcome to the world of UAE real estate. We are your best guides for all inquiries
23/10/2024

Welcome to the world of UAE real estate. We are your best guides for all inquiries

Address

Emaar Business Park, Building 4
Dubai

Telephone

+971524541701

Website

Alerts

Be the first to know and let us send you an email when Dubai Invest PRO posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Share

Category