Property Finder in Dubai

Buying  real estate in UAE , particularly in Dubai, is an important and huge decision to make. It involves a lot of money and a fatal mistake can lead to many years of regret. For this reason, getting as much information as possible is crucial. Among the terms you might encounter as you dig deeper into Dubai’s real estate market is “freehold.” You might wonder what freehold means and whether it would be a good investment for you or not. Before you make any decision, here some advice. Understanding what freehold means would give you more ideas on how it will benefit you. What is a freehold? F reehold property in Dubai   is a property that is owned completely by the owner. If a property is a freehold property, it means that the owner owns both the building and land. Freehold property is different from a leasehold property primarily in terms of ownership. In a leasehold property, the land is leased for a fixed amount of time. In the UAE, the maximum amount of lease ...

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 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, ...

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 ...

Is managing multiple Dubai properties stressing you out? Can’t keep up with the demands of your investments? Do you want to simplify your property portfolio? If your answer to any of these questions is yes, then you probably need to downsize your investments. One of the best ways to downsize is to sell your properties. The question now is, “How do you sell your investments quick and easy?” Here are some tips: Keep your property in pristine condition First impression lasts. If you want to sell your property faster, make sure you make the right impression right off the bat. This means that you should improve the exterior and interior of your property. From the front yard, make sure your property looks attractive. Add some fragrant aroma inside your house as well to give your potential buyers more reasons to get your property. Most importantly, keep your house clean. Repaint if needed and repair all damages. The same principle applies to commercial property for...

It seems like it was just yesterday when the Dubai Metro first opened its doors to the public. Now, this year marks its tenth anniversary. Looking back, as one of the most ambitious projects in UAE’s transport system, it has boosted the country’s economy, increased the value of  Dubai properties , and supported sustainable growth throughout the past decade. Dubai Metro was launched on the memorable day of September 9, 2009 (9/9/9), Wednesday, at exactly 09:09:09 PM. It was headed by Dubai Roads and Transport Authority (RTA). As a special government project, The Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed Bin Rashid Al Maktoum, graced and inaugurated the Dubai Metro, which signals a new era of the UAE’s unstoppable economic prosperity. Initially, Dubai Metro started with the Red Line , which runs from Jebel Ali to Rashidiya. It spans over 52km with 29 stations. Four of them are located underground, 24 are elevated, and one is o...

If you are an investor, real estate agent or company, property seller or buyer, or anyone who is interested in knowing more about the market of  Dubai properties , then you shouldn’t miss Cityscape Global 2019. What is the Cityscape Exhibition in Dubai? Cityscape Exhibition  Dubai is dubbed as the gateway to real estate investment. It is considered to be the most influential and biggest real estate investment and development event in Dubai. Cityscape Global features a wide range of real estate products to help you compare prices, projects, and amenities. You get the chance to listen and talk to industry experts and ensure that your next property is the investment you wanted to make. Does it cost to attend Cityscape Global 2019? You might think that attending such a prestigious and important event would cost you an arm and leg. But here’s the good news: Cityscape Global is free to attend to. However, you need to register online to take advantage of the free admi...

Are you having trouble in keeping up with your monthly property mortgage and pay your real estate in UAE ? If yes, this news might get you excited: UAE banks are lowering their mortgage interest rate from 7.9% to 6%. However, there are a few things you need to understand what this really means and how you can truly take advantage of it. Here’s what is happening in the UAE; more and more banks get more relaxed with their interest rates. This is good news to people who want to buy a property for sale in Dubai . As a way to help their customers, they are offering deals where they reduce their interest rate for usually one whole year. The mortgage interest rate has been reduced from 7.9% to 6%. Reduced mortgage rates means current and prospective investors will be able to save up on the intial year of the mortgage by a considerable margin. This is a huge help especially to those customers who’s whose situations have changed. Bottom line is that the whole one-year period ...

Choosing the right property management company in Dubai is an important aspect of your investment. In fact, a  Dubai real estate  management company has the power to ensure you will have the highest return of investment possible. But at the same time, they can also be the reason for your investment to reduce in value. Thus, you need to spend the right amount of time to ensure you hired the right property management company. To help you make the right choice, here are some of the things you need to look for. Experience Generally speaking, the longer a company has been in service, the more experienced and expertise they have in the field. Experience is vital when choosing a  property management  company. For one, this makes them familiar with the local real estate market. Not only that, but if you hire a property manager before you make an investment, they can guide you to finding the right property, how much you should be charged, how many units you should b...

If you are planning to buy a luxury property in Dubai, today could be the best time to do so. Once you study the prevailing trends of Dubai properties , you would see that the situation is now favoring buyers. The number one reason that buyer interest for luxury properties is currently rising because of the persistent decline in prices. Because of this, luxury properties have become more affordable and developers are now less focused on high-end real estate. According to statistics, the overall luxury property price fell by 6.34 percent from January to July of 2019. The biggest decrease can be seen in places such as Dubai Marina (20%), Palm Jumeirah (19.5%), Emirates Living (16.7%), Jumeirah Beach Residence (12%), and Jumeirah Lake Towers (11.3%). It is worth noting though that because of the decreasing prices of luxury real estate in Dubai , it has made Dubai a more attractive investment hub for many foreign investors. In fact, Dubai is seen to be a more affordable inve...

Whether you are planning to buy apartment in Dubai , or a commercial building, you know that this process involves investing a huge amount of money. Thus, it is not difficult to see why you need to protect it from unforeseen tragedies, risks, and problems. Among the best ways to protect your property is through insurance policies. In fact, in some cases, getting your property insured is mandated by law. It is not just there to protect properties, but also you and other people. In this post, you will learn more about insurance policies for property buyers like you in the UAE. Building insurance You can’t buy property in Dubai on a mortgage if you don’t purchase building insurance. The good thing about building insurance is it protects the permanent structure of your property against accidental damage, natural disasters, fire, and water damage. Building insurance may not only cover the four walls of your home, but it could include other structures such as the gara...

If you’re a pet lover in Dubai, you know the importance of staying in a place where your furry four-legged friend is welcome. After all, your pet is already a big part of your family. You don’t want to create unnecessary issues in the future that can make your life difficult. So finding the right apartment for sale in Dubai or for rent is crucial. Thankfully, if you look around, there are apartments in Dubai that are pet-friendly. To save you time and energy, you will find the places where you can find the best apartments as a pet lover. The Greens As its name suggests, The Greens is a great haven for pet lovers out there. The community comes with Dubai properties situated near greeneries and spacious picnic areas. If you get an apartment in The Greens, you will enjoy using their well-maintained pathways, walkways, and lakes – all of which are perfect spots to walk your dog. Here’s where things get more interesting. Just apply for an access card and you get to use a dog...

Apartments for rent in Dubai Are you planning to buy a real estate in UAE particularly, in Dubai? If yes, then chances are that like most people you would like to take a loan or mortgage against the property you are planning to purchase.  In this article, you will learn how property mortgage works, the different types of mortgage interest rates, and the conditions that affect your mortgage. What is a property mortgage?  A property mortgage is an agreement between a borrower and a lender. If you plan to buy Dubai properties and you don’t plan to invest the full amount, then one option would be getting a property loan. In Dubai, usually, you would need a 20% deposit of the contract price of the property. The bank lends you the remaining 80% of the contract price. You will then pay the borrowed amount with interest on a monthly basis. The term of the loan may last from 5 to 30 years, depending on your agreement with the lender. Types of mortgage interest rate...

Apartments for rent in Dubai Historically, the UAE has had a strict policy when it comes to accepting foreigners in their land. However, as you might already have seen in the past decades, the country has become more lenient and made initiatives to attract foreign investors to the country and encourage them to buy real estate in the UAE . In a recent announcement by HH Sheikh Mohammed Bin Rashid al Maktoum, UAE will now be issuing a Golden Card visa, which allows foreign nationals to become a permanent resident of the country. This is first of its kind and groundbreaking because for quite some time, only 2 to 3 year employer linked visas were given. In addition to that, 5 and 10 year visas will also be issued for expats who invest Dh5 and Dh10 million respectively. Exact details of the Golden Card visa aren’t fully shared to the public, but it will soon be revealed. Nevertheless, the Golden Card visa would surely provide permanent residency to a foreigner, which can be extend...

Buying a real estate in UAE , particularly in Dubai, is a huge investment. Thus, you need to make sure that you are able to turn your asset into a money-earning instrument. However, how can you do this? What are the different ways for you to make money from your property? Read on our below article to learn more. Long-term residential rentals Look for tenants who need a place they can call their home for a longer period of time. There are a lot of advantages when you find clients who are in it for the long haul. For one, it gives you a more stable source of income since your property will be constantly be occupied. Of course, to make this work properly, you would need to do a quick background check on your potential tenants. Make sure that you are only accepting qualified tenants who pay in a timely manner and who will take care of your property. Short-term vacation rentals Is your property near a tourist spot? Perhaps, it is right in the center of a beautiful island?...

After last few years of sluggish growth, Off-plan Dubai properties are making a comeback. Due to the improved economic performance and other important factors across the Emirates, buyers, both local and foreign, are turning their heads back to off-plan projects in Dubai. What are off-plan properties? Off-plan properties are properties, which have not been constructed but are already up for sale. In some countries, they are called, pre-selling properties. They are referred to as off-plan because they are sold off from a plan – while they are still in the building process. Generally speaking, the closer the completion of a project, the higher the price will be. In theory, investors buy off-plan properties at a much lower price to gain a higher return on investment. Why off-plan properties became unattractive Starting around 2015, off-plan projects have witnessed a slowdown in sales. Traditionally off-plan properties have been popular in the UAE. However, because of cert...

Dubai has long been a top destination for investments in properties. Although the real estate market has become highly challenging & stiffer in competition, consistent efforts & initiatives by Dubai government are stimulating the industry. With Expo 2020 months away now, the business confidence is building up and commercial properties for rent/sale are on the slow but steady rise. There are many reasons why it is better to buy a commercial property rather than using offices for rent in Dubai . With lower sale prices, grace periods & flexible payment terms and Expo 2020 on the horizon, this makes it the right time to purchase commercial property in Dubai. Moreover, buying a property is a long-term investment, whereas renting is a short-term fix. It also helps in keeping the costs fixed unlike the leases where terms are changed every few years. If you are planning to take advantage of the market upswing & looking to rent/purchase commercial space, below we ha...