5 most anticipated new trends of 2018 in the Dubai property market

11.02.2018

Off-plan sales, new mortgage offers, new investment options: 2018 is expected to become a year of innovations for the Dubai property market. Read more on the most interesting of them.

Changes we experienced over the last year have paved the way for Dubai real estate market maturing in 2018. In 2017, the first mid-income affordable villa/town house community was introduced bringing about 1,800 new units to the market.

The average starting sales price for that properties was AED1.6 million and rents started from AED130,000 for the most affordable unit. In 2017, 70 per cent of total real estate transactions in Dubai were off-plan. An introduction of innovative concepts of collaborative and sustainable communities with open, shared living spaces such as UNA in Town Square, also took place in 2017 to get in full bloom in 2018.

Thus, the outlook for 2018 should, probably, emphasize the following 5 common trends:

  1. Off-plan sales will most likely continue strong and developers will get even more creative with their payment plans and rent-to-own schemes.
  2. Banks might offer creative new mortgage products catering to the off-plan market, especially for end users and first-time buyers.
  3. More community concepts based on sustainability and affordability with new approach to shared living spaces both indoor and outdoor may also come to life.
  4. And finally, the most important innovation expected in 2018 is associated with new ways of investing in real estate like, for instance, crowdfunding. Crowdinvesting is where a group of individuals collectively purchase a property. Investors receive proportional legal share of the property, typically through equity in a special purpose vehicle operated by the online crowdfunding platform. The return consists of regular rental income and potential capital appreciation at the time of the sale.

In the UAE, real estate crowdfunding platform, Smart Crowd, recently received approval from a Dubai authorities to establish the region’s first regulated real estate crowdfunding platform. This will enable any individual to invest and own a piece of UAE property for as little as AED5,000 and will most likely stimulate sales in the secondary market.

Crowdfunding also allows to invest in properties that are already generating returns so you can get paid while you wait for capital appreciation.

       5.We are also likely to see new regulations introduced regarding joint ownership in property to address these initiatives.

Stay tuned with IMEX Real Estate news to find more about different ways to invest in Dubai property and get the maximum possible return.

Contact us to learn about the hottest available investment offers, best units for rent and for sale in Dubai, etc:

Oleg Lavrik: +971 502528188 (Viber, WhatsApp, Telegram, IMO)

IMEX REAL ESTATE BROKER LLC UAE

Office 2502, Marina Plaza, Dubai Marina, Dubai, UAE

Tel. +971 4 395 1911

Email: oleg@imexre.com

Skype: resident69

Subscribe to our news

Latest Availability
Latest property news
Send us an enquiry or request a call back
Your name *
Phone
E-mail *
Your message *
*- indicates required
Request a call back
Lease process (Rent out)

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership

1 day

Ad placement:

  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

None

Additional services:

Property management

Lease process (Rent)

1 hour

Contract of the lessee and agency.

Up to 5 days

Real estate search.

Selection of optimal options.

Up to 2 days

Signing of the lease agreement

Expenses of the lessee:

-5% agency commission of the annual contract price

Additional services:

None

Purchase process

1 hour

Contract of the tenant and agency.

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

1 Week

Registration of the contract of purchase / sale

Customer charges:

  • 2% from purchase at transaction
  • 4% - registration of the transaction at registration

Additional services:

Property management

Sales Process

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership

1 day

Ad placement:

  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

None

Additional services:

None

the management process

1 hour

Contract of the owner and agency

1 year

Rendering of management services

1 day

Reporting

Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process

1 hour

Contract of the tenant and agency.

From 3 days

Selection of optimal investment options

1 Week

Registration of the contract of purchase / sale

Expenses of the investor:

  • 2% when investing in the secondary market
  • 0% when investing in a new building
  • 4% - registration

Additional services:

Property management