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Showing posts from January, 2020

Off-plan and Ready to Move in Property in the UAE

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There are different factors that you need to consider when buying off-plan  real estate in UAE . Chief among them would be the available payment plans. In fact, most people shy away from buying off-plan properties because of lack of awareness of affordable payment plans that could beat mortgages. Off-plan properties are generally cheaper and of the latest quality providing great payment plans so that you don’t have to scrape through mortgages to invest in  real estate in UAE . It is important to note that buying real estate property is a big investment. Thus, it is important to know how you are going to pay for it. Both off-plan and ready to move in projects in Dubai come with various payment plans and understanding them makes a huge difference. Why payment plans are crucial? A  Dubai real estate  is not free unless it is given to you. In most cases, you have to pay for it. The question now is, how? This is where payment plans come in. Because of competitio...

Business Bay - Community Review

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Business Bay is among the most popular, upbeat, and trendiest  Dubai real estate  areas . As its name suggests, Business Bay is teeming with commercial buildings and establishments. However, it also comes with a good number of residential hubs. Location Business Bay is located adjacent to Dubai Downtown. It covers over 80 million square feet land area. In a few minutes, you would be at the Dubai Mall and Burj Khalifa. In 15 minutes, driving, you can easily reach City Walk, Sheikh Zayed Road, and Jumeirah. The Dubai International Airport is just 15 minutes away while the Emirate of Sharjah would take a 30 minutes’ drive to reach. If you want to reach Dubai Marina and Palm Jumeirah, a quick 20-minute drive will get you there. Properties in Business Bay Business Bay is part of Dubai’s skyline. The majority of its residential buildings are apartments. However, there are a few villas that you can find especially in the Executive Towers compound, Marasi floating villas, ...

Dubai Off-plan Property Deals

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The numbers are in: off-plan  Dubai real estate  projects  made the majority of transactions in 2019. According to a study made by Property Finder, off-plan properties make up about 55 percent of Dubai’s real estate transactions while 45 percent involve secondary market deals. The statistics cover the first two months of 2019. In detail, about 3,069 off-plan homes were sold and 2,463 deals were closed in the secondary market. While this may prove that off-plan properties are leading the way, the trend is actually shifting toward a balance in investment. When you compare the difference between the figures for the first two months of 2018 to the first two months of 2019, there is a 7.8 percent decrease in off-plan property transactions. On the other hand, secondary market transactions only decreased by 1.4 percent. For the past years, it is true that  off-plan  Dubai properties  have dominated the market. However, secondary market deals are showing ...