Logo
  • Order call
  • Call management

Property type
No. of bedrooms
Area
Show offers

Dubai's real estate sector is undergoing reformation

25.06.2019
Dubai's real estate sector is undergoing reformation
In Dubai, the real estate sector is often the main subject of discussion during meetings and public gatherings. So why is real estate such a trigger for any discussion? Let's see.

When the number of offers on the real estate market is growing, as it is now the case in Dubai, prices fall, which fact, in turn, reduces the cost of living in the emirate for people. And more than 90 per cent of Dubai residents today are expatriates. Thus, they either rent a hone, either going to buy it, or have already acquired property, or are going to sell property. And many of Dubai inhabitants are also investors. Thus, the topic of real estate, property prices and the state of the market as a whole is always relevant in Dubai. Therefore, in particular, people like to talk about the real estate market in Dubai. But rumors are an unreliable source of information. So let's find out what experts think about the current situation in the real estate market in Dubai.

They say it's all about new reforms.

The fall in prices, both in rental and sale sectors of Dubai real estate market, also reduces the rent for commercial leases, and thus may encourage more entrepreneurs to expand their businesses or establish new ones in the emirate.

In addition, the decline in property prices makes Dubai more attractive to international companies. The emirate is head and shoulders above other major centers of the region in terms of business infrastructure, rules and regulations, ease of doing business, wideness of market coverage, etc. However, the high cost of living is one of the few drawbacks, but living in Dubai can get cheaper if real estate prices level out.

As for real estate investments generating higher income, the UAE’s and especially Dubai’s real estate sector haven’t lost its lure for investors. Dubai has attracted and always attracts new investors who are willing and able to invest in real estate in order to get the most from such a growing developing and most promising project as Dubai.

But let’s get back to the reforms. In the recent past, the UAE authorities have taken a number of measures to make the real estate sector even more attractive. They revised the fees associated with the purchase and sale of land, reduced the cost of many services and issued new laws, more than beneficial for investors.

In the real estate sector, the future development course is being corrected, and now it is focused on reforming. Reforms are going in many different directions. Prices are adjusted, and this is good for the economy. With the fall in housing and rental prices, there is a decline in the cost of living and a slowdown of inflation.

Businessmen, for their part, understand that they are making ultra-high profits on Dubai property market investments, compared to opportunities in other international markets. As for another “sore point” of many disputes — a potential oversupply at the housing market, experts say that the developers themselves will stop building new housing when they no longer see the desired result in the form of high dividends. Developers are the best regulator when it comes to the real estate market. Therefore, experts advise not to worry about oversupply at the current stage.

And to always stay aware of the slightest changes at the Dubai property market, get subscribed to the analytical and practical articles on the imexre.com. Subscribe to our newsletter now to not miss anything important. And also call and visit us if you have any questions related to real estate in Dubai. Our contacts:

Tel. in Dubai, UAE: +971 (50) 2528188 (Whatsapp, Viber, Telegram)

Toll Free Dubai: 800-IMEX (800-4639)

IMEX REAL ESTATE BROKER LLC, UAE

Office 2502, Marina Plaza, Dubai Marina, Dubai, UAE

Email: pm@IMEXre.com

Latest Availability
RENT
125,000 / year
Ref.No: OF1209
Office
1,655 ft2
76 AED/ft2
RENT
58,500 / year
Ref.No: OF662
Office
1,300 ft2
45 AED/ft2
SALE
2,350,000
Ref.No: AP670
1BR Apt
1,308 ft2
0 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