Logo
  • Order call
  • Call management

Property type
No. of bedrooms
Area
Show offers

Property buyers activity rate in Dubai increased by 18%

04.03.2016
Property buyers activity rate in Dubai increased by 18%
New report by Allsopp & Allsopp recorded a growth in real estate buyers’ activity in Dubai in 2016.

Data provided by Allsopp & Allsopp consultancy reveal the increase in number of real estate transactions conducted in Dubai during the first two months of the year.

According to the company, home buyers’ activity rate increased by 18% compared with data for the same period last year. And month-on-month figures show that monthly growth in transactions over the last 12 months has increased, respectively, by 12%, according to Allsopp & Allsopp experts.

These data confirm the statistics presented recently by the Dubai Land Department, imexre.com has reported of last week. According to it, US$ 18 billion worth real estate transactions were closed in Dubai in just 53 days of the year.

Allsopp & Allsopp CEO, Lewis Allsopp said Dubai property market has two distinct types of buyers — investors and end-users, and while the activity of the first group is continuously analyzed, predicted and taken into account in reports, end buyers, which are often responsible for the lion's share of sales, stay unaccounted for, which leads to contradictions in statistics.

“What we’re seeing here is the evolution of a mature property market, where people are buying homes to live in after renting for a few years, then going on to sell those homes and upgrade to larger properties, creating a mature property cycle. It’s a fact people are buying homes,” Lewis Allsopp said.

As previously reported by imexre.com, Dubai authorities had taken a number of measures to cool housing market down. Registration fee was increased up to 4%, and loan-t-value ratio dropped to 65%, meaning that a buyer must have at least one-third of a property cost in cash in order to get a mortgage for an off-plan property.

“What we’re seeing now with the decrease in sale prices is the result of a regulated market acting as it should. The fact we’re seeing an increase in sale transactions is further proof of this,” Allsopp said.

Latest Availability
RENT
125,000 / year
Ref.No: OF1209
Office
1,655 ft2
76 AED/ft2
SALE
6,800,000
Ref.No: AP1113
3BR Apt
3,003 ft2
2,264 AED/ft2
SALE
8,200,000
Ref.No: AP972
3BR Apt
3,750 ft2
2,187 AED/ft2
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
SOGA1  SOGA2
Call management
SOGA1  SOGA2
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