No Comments

TIPS FOR BUYING OFF-PLAN PROPERTY IN DUBAI

off plan property valor

Buying associate degree off-plan or any sort of property will and infrequently could be an intimidating method. However, with the proper preparation and steering, it will terribly simply be simply the other. Check our top tips for buying the off-plan property and ensure you buy prepared.

OFF-PLAN-VALOR-REAL ESTATE PROPERTY IN DUBAI
TOP TIPS FOR BUYING OFF-PLAN PROPERTY IN DUBAI
  1. Know your Budget: -Take a detailed look into your money position and speak to your financial adviser. Budgeting properly can make sure you don’t bit off over you’ll be able to chew.
  2. Know your reasons for buying :-Before you  start looking you should know what your reason for buying an off plan property is. Buying a future home you will live in is very different to buying an investment property and the two will need to be evaluated differently.
  3. Do your search :-Buying a property is for some the biggest one they will ever have to make. It’s therefore, a decision that should not be made easily but rather a decision that should be made after sufficient research and think.
  4. Get Professional Help for good decision . Doing your own search is great and very important however  the help of a professional will give you a professional point of view. The Dubai real estate game this could  save you ten’s of thousands.
  5. Know who you are buying from. Buying an off-plan property is not like buying a ready property here  which you can see and feel.  It is for this reason  that the right research is done into who you are exactly buying from. Ensure the developer have all the legal requirements and has a good tracking  record. Looking into their old  projects is always a good , because the past performance is usually a good indication of the future.
  6. Know the area. If you are buying  a off-plan property  for investment or to live,so you need to be familiar with the area you are buying in. Things that take consideration are; proximity to city/sea or other points of interest of your , road access and public transport , future plans for the area/community, area reputation and demographic of places and etc.
  7. Know what you are buying. Once you selected your area and project then its time to select your unit. Before doing so take into consideration orientation, position and views that will be on offer. This will ensure that sea view doesn’t turn into a car park view.
  8. Understand what you are signing. Signing a purchase contract is serious business so before doing so you need to make sure you know exactly what it is you are signing. Seek professional advice and ensure you are fully aware of your obligations.
  9. Have an exit and a contingency plan . As much as we would like them to things don’t always turn out as planned. 
  10. Enjoy the process. Yes, it can be stressful but buying a property should be and is a great achievement. Don’t lose sight of this and the fact that when done right, the property purchase you make will reap rewards for years to follow.

Now that you are familiar with some great tips for buying off-plan property check out some of the latest property plans to be released across Dubai.

No Comments

4 Reasons to Invest in Dubai Real Estate Market

Why should invest in Dubai real estate? We have summarized the 4 main reasons people invest in properties in Dubai(Dubai real estate). It’s a safe hub for foreign investors. Explore more here!

4 quick facts about Dubai’s real estate market:

  • It’s safe
    Dubai is the second safe country in the world and the 3rd most peaceful city in this region.
  • It’s profitable
    Dubai ranks world’s highest yield rates with a 5.2% ROI on villas and 7.3% on apartments
  • It’s promising
    IMF forecasts a 3.7% GDP growth by 2020, making it a perfect investment destination.
  •  secure
  • The UAE announced that investors can have residency visas valid for 10 years if they invest in property worth Dh2,000,000.
No Comments

Dubai Expo 2020 -What will be the impact on Dubai’s Real Estate Market?

The countdown is on and the city is getting ready for the most prestigious event both in the UAE and globally, but as a real estate marketer what can we expect from Expo 2020? Don’t worry! Here is everything you need to know about this event.

What is the World Expo?

An Expo is an event that is dedicated to finding solutions to fundamental challenges that the world is currently facing. This enormous event is organized by governments and will bring together countries and international organizations from all over the world. These major public events are unparalleled in their ability to gather millions of visitors, create new dynamics change in their hosting cities. With Expo 2020 being held in Dubai, it is expected that this event will attract 25 million unique visitors from 180 nations and up to 33 million visitors over the 6 months period the event will be held on. It is important to note that a large number of these visitors will eventually settle in the city even after the event is completed as new companies and opportunities will emerge here.


Who is taking part?

Over 190 countries confirmed there attention in Expo 2020 Dubai, making it the most inclusive Expo ever to be organized.

When is the event?

There are only a few months left until tickets for Expo 2020 kicks off, this well-awaited event will start on 20 October 2020 and end on 10 April 2021 lasting for 173 days, with pavilions open and entertainment programs between 10 am and 1 am on weekdays, and 10 am to 2 am on weekends.

Where will Expo 2020 take place?

Expo 2020 will be in Dubai South District, near Al Maktoum International Airport. A great location that is in proximity to Dubai’s city center. There will be a lot of transports dedicated to this event including a metro station that is being built that can handle up to 44,000 passengers per hour.

How will the Expo 2020 affect Dubai?

The 2020 World Expo is expected to be one of the largest events of its kind ever seen in the Arab world, with over 190 nations taking part, including the US, UK, Germany, France, Brazil and Nigeria, and is set to boost the UAE’s global recognition, encourage economic and cultural growth and, as promised by experts, leave a long-term legacy.

Around 25 million visitors are estimated to attend Expo 2020 during its time, which will definitely cause a huge economic boost. It was even estimated that straight after the successful bid, there was a 4% increase in the country’s stock market, the first of its kind for the last few years.

Clearly the city will capture the world’s attention even before the event. Around 275,000 new jobs will be created and there will be a significant increase in the demand of all key sectors including real estate, tourism, retail, technology, healthcare, education and many more.



What will the impact be on Dubai’s Real Estate Market?

The Expo project will boost the real estate sector in Dubai. Offplan sales in key locations such as Dubai South which is where the event will located saw an increase of up to 285% compared with the last year.

This huge number of visitors will create a huge for the economy, most specifically in the  Dubai real estate market. The rental demand will increase during the Expo 2020. Indeed before the event starts is the best time to invest in the property market in Dubai and with this vision slowly turning into a reality, landlords are seeing a strong market for the upcoming years.


What will be the Dubai property market look like after Expo 2020?

Predicting how the market will look like Expo 2020 isn’t easy. However, from the stats and also the information we tend to do have concerning this market, property provide and also the plans post the event, we will notice a great deal of actions being taken so as for the event to own most economic impact however avoid any withdrawal symptoms when most of the guests head back to their home countries.

One of the initiatives done by the government which we believe will have a huge impact on the post Expo 2020 real estate market is the new visa rules, the new visa rules include 10 year residency visa and permanent residency, which will make it easier for those who see Dubai as a world hub to settle and become contributors to the city’s real estate market stabilizing the market prices.

How can you get involved in the event?

There are many ways within which you’ll contribute to creating this event in whether or not you’re a neighborhood or associate degree expat. However, it’ll be the largest contributor to the event because it is calculable that around 30,000 individuals can volunteer, serving to the event become in. instead, you’ll apply as a business, official participant or maybe simply realize an appropriate job within the events official jobs portal.

I hope this short guide on Expo 2020 was helpful if interested to learn more about investing in Dubai’s real estate market to take full advantage of this once in a lifetime event, feel free to get in touch with one of our real estate experts to get a free real estate consultation.

RESOURCES: Gulf News