Buying property still trendy

25.12.2014
The fate of the many off-plan releases that Dubai should see in the coming months would hinge on the city’s enduring status as a preferred safe haven for the global or regional investor. When in doubt, investors are more likely to be assured by the solidity represented by a property asset, Gulf News reported.
“That’s what investors, the overseas ones in particular, tend to do when they see a lot of turmoil around,” said Ali Rashid Lootah, chairman of Nakheel, at a media interaction earlier this week.
Dubai’s developers would be in perfect harmony with Lootah’s observations. The fate of the many off-plan releases that Dubai should see in the coming months would hinge on the city’s enduring status as a preferred safe haven for the global or regional investor.
The arithmetic they base their expectations on is straightforward — the yields on residential realty in Dubai is still better — at 6-8% — than what the far more mature destinations can offer, around the 4% mark.
Meanwhile, some developers are ramping up their marketing pitches targeting the regional investor. “There are potentially repeat buyers in markets such as Saudi Arabia,” said Anand Lakhiani, director at Indigo Properties. “That pipeline of buyer activity still exists for Dubai property.”

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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