Estate Agent in Dubai

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Bullet-Point Property: Dubai No. 49

My clients are almost all British or European, either living and working in their home country or as ex-pats across the world. They tend to own more than one property at home and are choosing to invest in Dubai to diversify their portfolios, they are attracted by the lower prices and higher yields from tax-free Buy to Lets and want to escape the increasingly restrictive rental and mortgage regulations in their home countries.

A recent report states that residents from overseas markets, particularly from India, Saudi Arabia, United Kingdom, United States and Pakistan are currently the top potential buyers of properties in Dubai.  These likely investors are either on the lookout for units in more mature areas or in recently launched, up-and-coming communities. Read more here

This is what I have been talking about with clients this week:-
 

  • Emaar's Vida Za'abeel in Za'abeel Square, is connected to a new 5* hotel and located at the border of old and new Dubai with some great views of the Arabian Gulf, Burj Khalifa Downtown, the Dubai Frame and the Dubai Creek Tower. Prices are lower than expected for these branded and fully furnished apartments with one bedsstarting at around AED 1.4m and two beds at circa AED 2m combined with a construction linked payment plan of 60% over the next three years and the balance of 40% on completion in 2022.

 

  • The District One Residences within Meydan boast access to a beach on the incredible Crystal Lagoon within minutes of the city centre. These luxurious/contemporary low and mid-rise apartments have recently launched, and I think they offer some surprisingly good value, one-bed apartments with direct water views starting from AED 1,179,920, two bedrooms + Maids from AED 2,083,845 and three Bedroom + Maids from AED 2,863,845

 

  • Wilton Terraces 1 - "My Property of the Month" continues to feature in many of my discussions with investors. These one beds for around AED 1m and their two beds starting at AED 1.4m tick all the boxes for a "Buy to Let" investment. A very well designed living space at a great price from an excellent developer and located within a new master community offering quick and easy access to the Financial Centre and Downtown Dubai. 

 

 

  • Dubai Sports City has always been a popular destination for overseas investors looking for value, and now the master developer has announced sales for their fourth building in the Canal Residences project. We already know the rents and prices achieved in their three existing buildings so yields and growth will be simple to predict. Studios in the Spanish building range from AED 436k to AED 797k, one bed from AED 659k to AED 1.4m and two beds from AED 1.16m to AED 2.05m. The payment plan is also a big plus – 10% to book, 3 x 10% every six months and then 60% over two years post-handover.


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For a more detailed discussion or to meet me in Dubai, please call or email and I will be sure to respond as soon possible.