WHY TO INVEST IN UAE?

Dubai seeks to become happiest city in the world

Dubai created the Ministry of Happiness in 2016. The primary duty of this ministry is to develop programmes and policies to improve the happiness levels of Dubai's residents.

High return on investment

Dubai's real estate market is maturing as the city's population is increasing each year. Investors aware of the growing demographic are wisely purchasing property to supply the boost in rent demand.

Dubai's tourism industry is booming

Dubai's real estate market is maturing as the city's population is increasing each year. Investors aware of the growing demographic are wisely purchasing property to supply the boost in rent demand.

Low crimerate

The sense of safety is a major advantage of buying property in Dubai. Minor crimes are also unlikely. Do not worry if you leave wallet visible in your car. It is highly unlikely to be stolen.

No annual property taxes

UAE implemented a law that allows 100% foreign ownership of companies, followed by the introduction of a 10-year residency visa for investors and specialists.

Ease of Doing Business

According to the Doing Business 2019 report he UAE scored 11th rank globally and 1st rank regionally.

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MAJOR DEVELOPERS
TO BUY OFF PLAN PROPERTIES

ABOUT ME

With over 10 years in Dubai, I value the trust of my clients and strive every day to exceed their expectations. I listens to my clients requirements carefully to achieve the best outcome in every transaction and strive to ensure that the home buying or selling process is as fun as it can be, easy and stress-free. You can count on me at any time of the day when you have a question or concern & can be rest assured that you'll always receive a sound advice. My business is based on more than 70 percent referrals from satisfied clients. Most important to me is providing the most excellent service to clients in order to earn the trust, referrals, and repeat business

CONTACT

HOW TO BUY OFF PLAN PROPERTY IN UAE?

Decide what you are looking for

When buying off-plan, you will not be able to physically view the property itself but you will benefit by making this type of investment, because: - Best Price: The opportunity to choose the best unit at the lowest possible price for the project, maximising the returns on your investment. - Profit Opportunity: Investors can sell prior to project completion at a considerable profit, assuming the project has proved popular and the market is performing well. - Better Payment Plans: With usually lower upfront costs, and monthly payments. Work out your requirements, including budget, location, developer, property type, size, facilities and community.

Register with a Real Estate agent specialised in off-plan

Buying off-plan property is the easiest buying process in Dubai, but working with an experience agent that has great long-standing relationships with developers will give you access to the best variety of choice. Your agent will be working for you, representing you and making sure everything is in order with the contracts, project updates, and handover process. A good off-plan agent will be registered with all off-plan projects and developers in the market to bring you the best possible opportunities.

Finding the right property

Your agent will match your needs and requirements to available projects. Your agent will give you all the information, floor plans, payment plans, brochures, videos etc. to help you make a more informed decision. Some developers also set up 'mock properties' to show the materials being used, layouts, sizes, facilities and amenities. Your agent will take you at request along for a site visit if possible.

What happens when you find the property?

You will go with your agent to the developer's sales office. There, you will choose exactly which unit you would like and reserve it by signing a contract with the developer to purchase the property. This contract is called a Sales Purchase Agreement (SPA) . You will be required to make an initial deposit, usually in the range of 10 – 20%. You will need to take a passport copy. Also required within 30 days is a 4% DLD title registration fee and AED 1,000 aqood fee.

Making the payments

You will be required to keep up with the payments as per the payment plan in the contract until the property is handed over to you as per the contact. Re- selling is usually allowed if required during the contract term. Make sure you completely understand the terms of the payment plan and speak to your agent if you need any clarification.

Handover!

You will be required to keep up with the payments as per the payment plan in the contract until the property is handed over to you as per the contact. Re- selling is usually allowed if required during the contract term. Make sure you completely understand the terms of the payment plan and speak to your agent if you need any clarification.

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