Expats invested USD 12.52 billion in Dubai real estate

05.11.2015
Investors of 132 different nationalities are willing to invest in Dubai real estate, Dubai Land Department report said.

Indians top the list of investors buying property in the UAE, while top 10 also includes Russians, Canadians, Chinese and Americans, Dubai Land Department latest report have revealed.

Indians invested USD 3.54 billion in Dubai real estate over the last nine months. British citizens took the second place among expatriates investing in the emirate's property with almost USD 2 billion of investments made in Dubai real estate during the same time period. They are followed by Pakistanis, Russians, Canadians and citizens of other countries.

All foreign investors are attracted in Dubai due to the increasing capital value of the property and high potential rent yields, in addition to the traditional benefits of stability and economic feasibility.

Foreign investors’ unabated interest in the Dubai housing market is also due to the extremely beneficial proposals from developers in the off-plan housing sector. Recently, many developers said they would pay 4%registration fee for their property buyers. Others promise to pay at least half of this fee. Payment of the registration fee is proposed, in particular, by Union Properties for its Green Community West. Similar benefits are offered to their buyers by Pacific Ventures, Azizi Developments and Gulf General Investment Company. Others offer no less favorable, and sometimes much more exotic benefits for its customers, offering freebies ranging from furniture vouchers to new home appliances, from holiday packages to cars.

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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

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Contract of the lessee and agency.

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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:

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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:

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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