Logo
  • Order call
  • Call management

Property type
No. of bedrooms
Area
Show offers

New laws to bolster investments in Dubai real estate

27.11.2018
New laws to bolster investments in Dubai real estate

Dubai’s property sector is the most suitable price-wise, according to Anthony Taylor, ENBD REIT’s head of real estate. Read more about his 2019 projections concerning further market development. 

Dubai’s real estate sector, in particular, and the whole industry in the UAE in general, have faced some serious challenges lately, however, this haven’t impact its attractiveness to foreign and local investors alike by any way, says Anthony Taylor, head of real estate at ENBD REIT (CEIC) Limited.

Speaking in a recent interview, Taylor said that when comparing the emirate to other global financial hubs, such as London and New York, Dubai’s property sector seems to be the most suitable price-wise. We at imexre.com have singled out some of the most important theses of this interview to mark the main development points Dubai property market is about to face in recent future. Here are some of them:

  • The newly-issued royal decrees, whether for visa issuance systems or foreign ownership in companies or even price-control mechanisms, are likely to have a positive impact on the real estate sector. Remember that UAE’s government has recently provided long-term visas for property buyers and their family members in Dubai, as well as allowed a 100 per cent foreign ownership for companies owned by expats.
  • The real estate, hospitality, and retail sectors are the most impacted due to an increase in supply, that led to lower house rents and a decline in sale prices. Sales prices across Dubai’s residential market declined by 1.4 per cent for villas/townhouses and 1.3 per cent for apartments during the third quarter of the year, while rentals declines by 1.3 per cent over the same period, according to Property Monitor.
  • Investors, who can diversify their portfolios have a better position when facing prices decline risks. Including alternative and commercial properties into your investment portfolio, according to Taylor, will add more confidence about securing your future ROI.
  • For the commercial properties, a mixed performance is expected, with a continued demand for high quality and distinguished locations, while commercial rentals and occupancy rates will fall further.
  • Among the main characteristics and advantages of the Dubai real estate sector over the rest of the global markets, Taylor named population growth and regulatory reforms aiming at attracting investments. When compared with other financial hubs, like New York and London, Dubai’s properties are more reasonable when it comes to prices. Regardless of the market volatility, rental yields are more competitive than other parts in the world, he said.
  • The changes in laws governing foreign ownership had the greatest effect on the real estate market in Dubai. It is also anticipated that new rules regarding foreign companies’ ownership, visas, and procedures for controlling rental rates would have positive impacts. These regulations will also help utilize the investment capabilities of expatriates.
The Dubai real estate market witnessed many developments in the last 15 years and turned into a stable market with international-level infrastructure. And generally, according to Anthony Taylor, the 2019 real estate sector outlook for Dubai is neutral after the trends we have seen in 2018.

Subscribe to our newsletter (see the form at the bottom of the page) to stay up to date with the latest news at the Dubai real estate market and always feel free to contact us at IMEX Real Estate with any questions related to property purchase, sales and lease:

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

Toll Free: 800-IMEX (800-4639)

IMEX REAL ESTATE BROKER LLC, UAE

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

Email: pm@IMEXre.com

Skype: resident69

Note: ENBD REIT is a Shari'a compliant, real estate investment trust investing in income generating real estate, with a primary focus on the UAE. ENBD REIT is managed by the Emirates NBD Asset Management, an award winning asset manager in the UAE.

Latest Availability
RENT
125,000 / year
Ref.No: OF1209
Office
1,655 ft2
76 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