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House prices in Dubai 25% below their 2008 peak

30.09.2015
House prices in Dubai 25% below their 2008 peak
New report by Financial Times confirmed high investment attractiveness of Dubai real estate.

According to a report made by the reputable international print media The Financial Times, property prices in Dubai, despite their fantastic rise in 2014, are still 25% below their peak of 2008.

Laws loyal enough to the foreign investments and the transparency of regulations make Dubai one of the most attractive regions in the world for real estate investments, the report by Financial Times says.

This optimistic outlook is confirmed by the tourist industry, the volume of which has increased by 9% in six months of 2015, according to the latest official statistics. Dubai Tourism and Commerce Authority (DTCM) revealed that the total number of tourists visiting the emirate during the first six months of 2015 has reached 7 million. Safety and comfort — these are the two most important factors that, according to the Financial Times, attract not only tourists, but also investors to the emirate.

Ziad El Chaar, Managing Director said: "Everything coming out of Dubai points towards a market conducive to future growth, in a safe and well regulated environment. Despite short term fluctuations in pricing, we are still seeing healthy investment flows into the market, and the tourism increases give further weight to the predications that Dubai is on the right path."

He added: "The increasing number of visitors to Dubai is also a strong indicator about the city's appeal to people from all over the world. With the numbers growing year after year, the hospitality sector in Dubai, and the real estate industry in general, will see a huge boost."

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Lease process (Rent out)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

Property management

Lease process (Rent)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.
Real estate search.

Up to 5 days

Real estate search.

Selection of optimal options.

Signing of the lease agreement

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
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Property Selection

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

Registration of the contract of purchase / sale

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
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

None

the management process
Contract of the owner and agency

1 hour

Contract of the owner and agency
Rendering of management services

1 year

Rendering of management services
Reporting

1 day

Reporting
Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Selection of optimal investment options

From 3 days

Selection of optimal investment options
Registration of the contract of purchase / sale

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