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What Are The Factors I Need To Consider When Buying A Property In Dubai
Thanks to the increased foreign direct investments and free trade agreements between UAE and other countries, Dubai has become one of the most happening cities in the world, especially for the wealthy across the globe.
Besides free trade, low tax and zero income tax, Dubai is also dubbed as the business hub of the Middle East and enjoys the status as a favorite travel destination. Such features along with political stability and investment in infrastructure significantly boosted the country’s real estate.
Reportedly, Dubai saw a 76 per cent rise in real estate transactions in 2022 which amounted to a whopping $140 billion, with a majority of buyers from Russia. If you are lured by the lush lifestyle and cheap service from low-wage laborers procured from Asia, Africa and the Middle East, and propelled to buy a property here, here’s how to make a smart purchase and enjoy your slice of the cake.
The Current Trends Of Property Demand In Dubai
While real estate in Dubai is broadly classified on a residential and commercial basis, the former is further classified as villas, apartments, penthouses and working houses or studio apartments that the opulent purchase to house their staff.
The commercial property includes office spaces, trade areas, warehouses, exhibition halls and industrial properties. While the demand for office space is believed to have subsided, the need for warehouses has increased due to enhanced e-commerce developments.
The huge retail companies and international markets in the Emirates have caused this demand for warehouses and sorting places.
Appreciation For Dubai Property
The strategic location and accentuating economy add to the appreciation of property value in Dubai. The flawless infrastructure makes any real estate investment fruitful, especially the off-plan ones.
Through flexible payment plans, off-plan properties have enhanced appreciation since the property price increases as the building nears completion. Likewise, even end users benefit from buying a property at a lower cost with more value for money.
Buyers can also benefit from various plans provided by promoters like post-handover payment plans and rent-to-own plans to name a few. Early investments offer immense profits through the appreciation perspective.
Allegedly the price of properties which are arriving in the markets here are expected to rise by 25 per cent per year. Demand for villas has superseded those for apartments and despite the shortage of luxury villas, the demand only grows.
Zeroing In On The Right Property
The buyer must clarify self about the property type, purpose of the purchase, preferred locality and its functionality to satisfy the purpose, amount affordable for purchase, mortgage possibilities and the developer’s reputation to hand over the property in the scheduled time while purchasing the property.
It is equally important to check the risks involved and estimated ROI on completion of the project.
Timespan Of Occupation
Purchasing a home anywhere across the world, leave alone in Dubai, must be considered on both a short and long-term basis. An apartment purchased by a newlywed or young couple may seem insufficient when the family expands.
Purchasing villas gives the option to expand and redesign besides providing a better return on investments. These villas which are excellently furnished can be sold to one of the increasing numbers of interested buyers if owners choose to relocate to another country.
Budget
As of February 2023, the starting price of a property in Dubai is reportedly between AED 3 lakhs to 3.5 lakhs. The price of apartments in Dubai depends upon floor area, locality and amenities among various other factors.
The buyer must be prepared to pay a 10 per cent refundable registration fee while purchasing the desired property.
Location
The instance found below shows how price varies among localities for almost the same floor area.
One-bedroom apartments measuring 800 to 900 square feet at Business Bay and Dubai Hills Estate at Mohammed Bin Rasheed are affordable. One-bedroom apartments are also available at Al Wasl (Jumeira), Dubai South City (Jabal Ali) at affordable rates.
Single-bedroom apartments at Emaar Burj Vista measuring between 700 to 1000 square feet cost more than AED 2,00,000 at Downtown Dubai, Dubai Marina. Proximity to Dubai Mall, Dubai Mall Metro Station and easy connectivity to Sheik Zayed Road and Dubai Property justifies the costly price of this single-bedroom apartment.
The Purchase Medium
A buyer could save a lot of money by avoiding brokers or middlemen while purchasing property in Dubai directly from the owner. Notably, brokers charge a 2 per cent agency fee and a 5 per cent VAT charge on the fee.
However, while avoiding brokers, one forgoes professional assessment of properties and expert navigation of transaction details like the contract paperwork, for instance, the art of negotiating.
Dubai Land Department Service Charges
Dubai Land Department service charges, which are mandatory while purchasing property in Dubai, may be shared equally by the buyer and seller or might be entirely paid by the buyer. The DLD charges amount to 4 percent of the property value.
Additionally, the buyer may need to pay a mortgage registration fee if bought through a loan, which amounts to 0.25 per cent of the loan along with AED 290. If the DLD is not paid within 60 days, the purchase is understood to be canceled.
Property Service Charges
The property service charges which are calculated on a square foot basis may range between AED 3 to 30. Besides property service charges one must foot Dubai Electricity and Water Authority fees along with insurance fees, security deposit and property transfer fees.
The property service charge varies along with locations, project type and purchase purpose. The buyer should also pay a ‘sinking fund’ which is a reserve fund that meets expenses for major repairs in future. Interestingly the 10 to 15 per cent price drop in key locations of Dubai facilitates developers selling to new end users.
While places like International City, Discovery Gardens have low service charges at 7 Dirhams per square feet (psf), Business Bay, Dubai Marina, Jumeirah Lakes Towers, Sports City, Jumeirah Village Circle charge moderately at 10 Dirhams psf.
Arabian Ranches 1 and 2 require AED 0.89 psf and 2.44 psf respectively while Burj Vista property owners shell out a massive AED 17.44 psf for property services.
Amenities And Their Scalability, Effectiveness And Quality
Villas are equipped with clubhouses, gyms and modern equipment and are tagged with excellent resale value. Villas in Dubai Hills, Arabian Ranches, Palm Jumeirah, Emirates Hills, Damac Hills and Al Furjan are sought for 18-hole golf course plus proximity to the city, connectivity to Sheik Mohammed Bin Zayed Road, Waterfront view, Privacy with palatial layout, family-friendly atmosphere and proximity to Expo 2020 site in the same order.
Handling Installments
Installment plans are popular in Dubai real estate purchases. 10 percent of the total cost is paid as advance which is followed by installments that cover half the entire cost at the time of handover.
Documents Required
Copies of documents including Emirates ID, passport, Visa page, reservation form, Sales and Purchase Agreement and Mortgage Contract if applicable required while purchasing property in Dubai.
Check Developer Background
It pays to check the developer’s track records before approaching them to buy property. If the developer lacks dedication, his property abounds in unsatisfactory plans and poor finishes while laying tiles, cupboards and walls.
Where To Purchase Off-Plan Properties
Purchasing a property through D Realtors, a professional and authentic real estate player in Dubai, fetches access to the functionally and aesthetically best property in Dubai which is spread across in prestigious locations such as Mohammed Bin Rashid City, The Fields, Burj Khalifa district and Sheik Zayed Road to name a few.
Final Words
The decision to join the game cannot be delayed too much since the prospects have already caught the eyes of many. Waste no time in deciding to take the plunge because the competition is already in the news.
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Exploring Freehold Areas in Dubai: A Guide for Investors with TVG Realtors
Dubai's real estate market continues to attract investors from around the globe, and one of the key attractions is the availability of freehold properties. These areas allow foreign nationals to buy, sell, and lease properties with complete ownership rights. If you're considering investing in Dubai, understanding the various freehold areas is crucial. In this blog, TVG Realtors will guide you through some of the most popular freehold areas in Dubai, highlighting their unique features and investment potential.
1. Dubai Marina
Overview: Dubai Marina is one of the most sought-after freehold areas in Dubai, known for its stunning waterfront views and vibrant lifestyle. It boasts a mix of residential, commercial, and leisure properties, making it a hotspot for both investors and residents.
Why Invest:
High Rental Yields: Dubai Marina offers attractive rental returns, making it ideal for investors seeking rental income.
Prime Location: Close to major business districts like Dubai Media City and Internet City.
Luxury Lifestyle: Features high-end amenities, including fine dining, retail outlets, and entertainment venues.
2. Downtown Dubai
Overview: Home to iconic landmarks such as the Burj Khalifa and Dubai Mall, Downtown Dubai is synonymous with luxury and sophistication. This area offers a blend of residential and commercial properties, catering to a cosmopolitan lifestyle.
Why Invest:
Strong Capital Appreciation: Properties in Downtown Dubai tend to appreciate in value due to high demand.
World-Class Amenities: Proximity to shopping, dining, and entertainment facilities.
Central Location: Easy access to major highways and public transportation.
3. Palm Jumeirah
Overview: Palm Jumeirah is an iconic man-made island known for its luxury villas, apartments, and hotels. It offers a unique waterfront living experience with breathtaking views of the Arabian Gulf.
Why Invest:
Prestigious Address: Owning property on Palm Jumeirah is a status symbol, attracting high-net-worth individuals.
High Rental Demand: Popular among tourists and expats, ensuring consistent rental income.
Unique Lifestyle: Offers private beaches, world-class resorts, and fine dining options.
4. Jumeirah Lake Towers (JLT)
Overview: Jumeirah Lake Towers is a dynamic mixed-use community with residential, commercial, and retail spaces. It features several high-rise towers surrounding artificial lakes, providing a scenic environment.
Why Invest:
Affordable Options: Offers relatively affordable investment opportunities compared to neighboring areas like Dubai Marina.
Growing Community: Increasing popularity among young professionals and families.
Convenient Location: Close to major highways and public transport, facilitating easy commutes.
5. Arabian Ranches
Overview: Arabian Ranches is a family-friendly residential community known for its spacious villas and lush green landscapes. It offers a tranquil suburban lifestyle away from the city's hustle and bustle.
Why Invest:
Family-Oriented: Excellent schools, parks, and recreational facilities.
Strong Community Feel: Active homeowners' association and regular community events.
Long-Term Growth: Steady demand from families ensures long-term value appreciation.
Conclusion
Dubai's freehold areas offer a diverse range of investment opportunities, each with its own unique appeal. Whether you're looking for high rental yields, capital appreciation, or a luxurious lifestyle, there's a freehold area in Dubai that suits your needs. At TVG Realtors, we're committed to helping you navigate the Dubai real estate market and make informed investment decisions. Contact us today to explore the best freehold properties in Dubai and start your investment journey with confidence.
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Real Estate Agency / Company in Dubai, UAE | Buy/Sell Properties in Dubai
Kelt&Co Realty is a leading and reputed real estate company in Dubai committed to crafting Emirate residential developments that offer residents unique and enriching lifestyles. We help you buy, sell, or rent properties in UAE cities. We offer various services, like selling homes in new communities, helping with completed property deals, giving advice on investments and mortgages, rental disputes , property snagging , property valuation and managing properties well. Whether you want to buy or sell a property or invest in Dubai, we're here to help. Browse our listings, find the perfect property, and make your homeownership dreams a reality. We promise top-notch service and support throughout your real estate journey. Our team is made up of skilled experts ready to assist you with your real estate needs. Start your real estate journey with us today! Contact us if you want to sell or buy properties in Dubai or across UAE cities.
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Dive into luxury living with apartments for sale in Dubai by Shapoorji Properties. Explore exquisite properties designed for modern comfort and sophistication. Find your dream home in Dubai's vibrant real estate landscape.
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The Ultimate Guide to Finding Your Dream Apartments in Dubai
Introduction
Dubai, a city known for its luxurious lifestyle and stunning architecture, offers a range of living options for those looking to buy an apartment in Dubai. This guide aims to simplify your journey in finding the perfect home in this dynamic city.
Understanding Your Needs
Before embarking on your search for an apartment, it's crucial to assess your personal and family needs. Consider factors such as size, layout, location, and lifestyle preferences. This initial step is key to narrowing down your options effectively.
Researching Neighborhoods
Dubai boasts diverse neighborhoods, each offering unique living experiences. From the bustling streets of Downtown Dubai to the serene beachfront communities, researching various areas is essential. For instance, apartments for sale in Downtown Dubai offer urban living close to city landmarks, while other areas might provide a more suburban feel.
Budgeting and Financing
Setting a realistic budget is critical. Factor in additional costs such as maintenance fees, property taxes, and possible renovation expenses. Also, explore financing options early to streamline the purchase process.
Anticipating Future Growth
When assessing future growth potential, consider prestigious projects like Imperial Avenue Downtown Dubai, developed by Shapoorji Properties. Such high-profile developments often lead in setting trends for real estate appreciation and growth in the region. Choosing a property in such a development not only ensures a luxurious living experience but also positions your investment in a rapidly growing area, enhancing its long-term value.
Ensuring Amenities and Facilities
Luxury living in Dubai isn't just about the apartment but also the amenities and facilities available. Look for properties that offer the lifestyle you desire, whether that’s fitness centers, pools, or proximity to schools and shopping.
Finalizing the Purchase
Once you’ve found your ideal apartment, understand the purchase process. This includes negotiating the price, signing the contract, and fulfilling legal requirements. Professional legal advice is advisable during this stage.
Future-Proofing Your Investment
Investing in properties from reputed developers like Shapoorji Properties ensures quality and adds value to your investment. Also, consider the long-term aspects like resale value and rental demand for the property.
Conclusion
Finding the perfect apartment in Dubai involves a mix of thorough research, financial planning, and understanding the real estate market. Whether you're looking for luxury apartments for sale in Dubai or something more modest, considering factors like location, budget, amenities, and future growth is essential. Trustworthy developers like Shapoorji Properties can offer valuable options and peace of mind in your pursuit. Your dream apartment in Dubai is within reach with the right approach and resources.
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Imperial Avenue– the New Face of Luxury Homes in Downtown Dubai
Downtown Dubai, known for its iconic skyline and lavish living, has a new jewel in its crown – Imperial Avenue by Shapoorji Properties. This residential masterpiece is redefining opulence with its prime location, unmatched amenities, and breathtaking views of the city's landmarks, making it the epitome of luxury living in Dubai.
Location Advantages
Imperial Avenue's strategic location in Downtown Dubai places it at the center of the city's vibrant lifestyle. As one of the top choices for those looking to buy apartment in Dubai, this residential tower stands proudly facing the iconic Burj Khalifa. Residents not only enjoy proximity to the city's major attractions but also revel in the convenience of being in one of the most sought-after areas in Dubai.
Amenities Beyond Compare
Imperial Avenue sets a new standard for luxury living with amenities that go beyond the ordinary. As you step into the 10,000 sq. ft. grand entrance lobby – one of the largest in the Gulf Cooperation Council (GCC) – you are welcomed into a world of extravagance. The state-of-the-art fitness center, equipped with modern facilities, caters to those seeking an active lifestyle. Relaxation awaits with temperature-controlled infinity swimming pools and rejuvenating steam rooms.
The allure of these luxury apartments for sale in Dubai is not just about the indoors. Imperial Avenue boasts beautifully landscaped gardens, two play areas for children, a games room, and a multipurpose hall with unobstructed views over the Downtown skyline. The 24-hour concierge service ensures that residents' needs are met promptly and efficiently, adding an extra layer of convenience to this lavish living experience.
Panoramic Views
Wake up to a mesmerizing view of the Burj Khalifa from your balcony every morning at Imperial Avenue. The apartments, designed with floor-to-ceiling windows, capture panoramic views of Downtown Dubai and beyond. It's not just a residence; it's a front-row seat to the city's most famous landmarks.
Conclusion
In the rapidly growing luxury real estate market of Dubai, Imperial Avenue stands tall as one of the most coveted properties. If you're in search of apartments for sale in Downtown Dubai, Imperial Avenue offers a dream destination for real estate investors and those desiring a life of unparalleled comfort and sophistication.
Imperial Avenue by Shapoorji Properties is not just a residential tower; it's a testament to meticulous craftsmanship and a commitment to providing residents with maximum comfort and convenience. As the demand for luxury apartments in Dubai continues to rise, Imperial Avenue remains at the forefront of the city's most prestigious addresses.
Don't miss the chance to own a piece of this luxurious lifestyle. Explore Imperial Avenue today and step into the new face of luxury homes in Downtown Dubai.
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Investing in the Future: Dubai Properties for Sale
Experience the best of luxury living with Urbanterrace.ae! Find the perfect apartment in Dubai to make your dream home a reality. Enjoy our unbeatable prices and quality service.
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Buy and Sell Property in Dubai
If you want to buy or sell a property in Dubai and work with experienced, professional agents, you don't have to look any further.
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If you are looking to buy apartment in Dubai, we have the listing you are looking for. In a city like Dubai, we have some of the luxury apartments that you will love and that offer you the best of amenities. Book your luxury apartment in Dubai with Zoltan Properties now. Call Now: +918448448804
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Looking for your own cozy sanctuary in the heart of the city? Look no further! This stunning one-bedroom apartment is now available for just 775,000 AED.
Situated in a prime location, this apartment offers the perfect blend of comfort and convenience. Whether you're a first-time buyer, an investor, or someone looking to downsize, this property ticks all the boxes.
Featuring a spacious bedroom, a modern kitchen, and a stylish living area, this apartment offers ample space for relaxation and entertainment. Enjoy breathtaking views of the city skyline from your own private balcony, perfect for unwinding after a long day.
With amenities such as a swimming pool, gym, and 24-hour security, this building ensures a lifestyle of comfort and security for its residents.
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Buy Apartment In Dubai
Any user who wants to buy apartment in Dubai can visit the Jinni platform. The online marketplace allows users to check for the apartments in their locations. We help them with the proper process and provide the best apartments under their budgets.
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The Charm of Arabian Ranches 3: Your Gateway to Freehold Areas in Dubai
Dubai’s real estate landscape is renowned for its diversity, offering a plethora of options for those seeking their dream home or investment opportunity. Among the coveted residential developments, Arabian Ranches 3 stands out as a beacon of luxury, comfort, and modern living. In this blog, we delve into the allure of Arabian Ranches 3 and why it’s the perfect destination for buyers looking to invest in freehold areas in Dubai.
Discovering Arabian Ranches 3
Nestled in the heart of Dubai, Arabian Ranches 3 epitomizes contemporary living amidst lush green landscapes and serene surroundings. This vibrant community is designed to cater to the diverse needs and preferences of residents, offering an array of amenities and recreational facilities.
Why Arabian Ranches 3?
Prime Location: Situated in close proximity to major landmarks and attractions, Arabian Ranches 3 offers convenient access to schools, shopping malls, healthcare facilities, and entertainment options.
Luxurious Lifestyle: From beautifully landscaped parks and gardens to state-of-the-art fitness centers and swimming pools, Arabian Ranches 3 provides residents with a luxurious lifestyle that prioritizes comfort and well-being.
Community Living: The tight-knit community of Arabian Ranches 3 fosters a sense of belonging and camaraderie, making it an ideal choice for families, professionals, and individuals alike.
Investing in Arabian Ranches 3 with TVG Realtors
At TVG Realtors, we understand the significance of finding the perfect home or investment property. With our expertise in the Dubai real estate market, we offer personalized assistance to buyers interested in purchasing apartments or flats in Arabian Ranches 3.
Buying an Apartment in Dubai: A Lucrative Investment Opportunity
Dubai’s status as a global hub for business and tourism makes it an attractive destination for property investment. Buying an apartment in Dubai, particularly in sought-after developments like Arabian Ranches 3, presents a lucrative opportunity for investors looking to diversify their portfolio and generate rental income.
Experience the Magic of Arabian Ranches 3 with TVG Realtors
Whether you’re buying a flat in Dubai for investment purposes or seeking a new home for your family, Arabian Ranches 3 offers a lifestyle that is second to none. With TVG Realtors by your side, navigating the complexities of the Dubai real estate market becomes a seamless and rewarding experience.
Conclusion
Arabian Ranches 3 represents the epitome of luxury living in Dubai’s freehold areas. With its prime location, world-class amenities, and vibrant community, it’s no wonder why this development continues to attract discerning buyers from around the world. Explore the charm of Arabian Ranches 3 today with TVG Realtors and embark on a journey towards finding your perfect home in Dubai’s thriving real estate landscape.
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View our collection of Dubai real estate listings for Emirates Hills villas that have the following amenities: A five-car private garage, five master bedrooms, a stunning living room with a pool view, a dining room, a family room, an entry hall, a study, a driver's room, a maid's room, a flawless peninsula kitchen with gas burners, an island, granite countertops, a grease kitchen, and unquestionable good vibes are all included. Visit us to learn more Emirates hills villas.
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