Return on investments in Dubai real estate guaranteed

18.02.2016
Dubai developer Damac guarantees annual return on investments in real estate under construction.

Damac keeps attracting new investors with exclusive irresistible offers. This time the developer has expanded its guarantees list with a return on advance payments during the construction of its projects.

Buying property in Dubai is becoming easier, and guarantees get even more reliable. Now, potential investors do not need to worry about prices declines at the emirate’s housing market in the coming years. One of the largest Dubai developers Damac provides them with all possible guarantees. IMEX Real Estate keeps monitoring changes in the property market, and the latest news in this field was an offer from Damac to provide investors with a 3% guaranteed annual return on investments in real estate currently under construction until its delivery. Damac’s customers will receive payments twice a year until the completion of the selected project. According to imexre.com estimates, this rate of return is twice the average rate for fixed bank deposits, thus investing in Dubai real estate is becoming the most profitable option for investments.

This is not the first guarantee for investors Damac has offered. As imexre.com reported in late December last year, the developer offered guarantees of an 8% annual rent return for its property during the first three years after construction. And, also, the Damac Capital Guarantee was created in order to compensate the difference between the original property value and its capital cost two years after completion in case the unit’s price will drop below its delivery level cost.

Thus, Damac customers are insured against all possible risks, and the confidence the emirate’s master developers have in the Dubai’s housing market is also encouraging.

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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