Dubai Off Plan Market Update

The latest update on the on the Dubai off plan market indicates that the pace of investment is increasing. If you might be interested to find out more about investment opportunities with high rental yields, please contact me for a consultation on the newest and most profitable projects. The figures below are from the time of Oqood registration at Dubai Land Department. From the 26th October 2016 until the 24th January 2017 there have been 4,817 off-plan registrations. In the same period, there were 4,435 sales transactions across Dubai, 382 less than off-plan. This shows that the Dubai off plan market is going strong and investors believe in the future of the emirate which reassures us of a healthy real estate market going forward. See below some of the Off Plan Oqood Registrations in the last 3 months: Al Yalayis 1 & 2 (Al Qudra road)– 367 villa plots transacted, average price AED634 per sq ft Al Furjan – Azizi – Total 351 transactions – Hotel/Serviced apartments 159 transactions average price per sq ft AED1,310 – Apartments 192 apartments average price per sq ft AED1,021 Downtown Dubai – Act One and Act Two – 63 transactions – average AED2,220 price per sq…

Why Hiring a Real Estate Consultant May Be a Good Idea?

With so much information readily available on hundreds of websites, many homebuyers think they are well prepared for purchasing property on their own. But, it’s never as easy as it sounds, and there are plenty of issues during the process that the Internet still fails to explain. If we are serious about buying, whether it would be a new home or a property for investment, we should consider getting professional advice. Here are several reasons why hiring a real estate consultant may be a good idea. They have the knowledge and experience we’ll never have You don’t know everything about buying and selling properties and the truth is that you don’t need to. It is always best to hire people who are more experienced than you, or at least people who are knowledgeable, educated and specialize in a specific sphere. Even if you’ve read tons of books on real estate, professionals, who deal with properties most of their life, are likely to know more than you do. They will guide you through the prices Determining the right price is crucial to property sellers if they want to make a profit without waiting for six months or two years until the…

Buying Off-plan Property in Dubai Pros and Cons

Buying off-plan property in Dubai is usually more affordable than purchasing already built apartments and houses. However, while the lower price of a property that doesn’t yet exist is certainly attractive, it also hides a number of risks, which should be wisely considered before signing a Sales and Purchase Agreement. In order to make the right decision, you should know about the pros and cons of buying off-plan property in Dubai. The Concept The concept of buying off-plan is to buy at current prices and once the development is completed, your investment will be worth more. This is usually how it works and therefore, when well-established property developers launch new projects in Dubai, investors are lining up with their checkbooks ready. There are plenty of opportunities in UAE since new developments are being announced nearly every week. In addition, many off-plan properties or even some near completion are listed for resale. Advantages Price – Normally, purchasing a property under construction is more affordable than purchasing a ready-to-move-in home. This is the greatest benefit of the off-plan home buying concept – after all, for the majority of people, the price is the most important aspect of the deal. Appreciation – If you…