Bullet-Point Property: Dubai No. 106
Investors buying property worth over AED 5m ($1.36m) will be granted a residency for five years while entrepreneurs investing more than AED 10m (£2.1m) will be eligible for a 10-year renewable residency visa
This new system which was announced yesterday by the UAE Government also includes provisions for a 10-year visa for specialised talents and researchers in the fields of science and knowledge for doctors, specialists, scientists, inventorsas well as creative individuals in the field of culture and art.
Executives of leading, well-known and internationally recognised companies will also be eligible to apply for long-term visas under the scheme
Read more here
This week’s property discussions have included: -
We are currently experiencing a "Buyers’ Market" here in Dubai, and this has forced many of the developers to be more competitive on price and payment plans, plus they have had to improve their design, quality and project features. Those developers that are not adapting to these new market conditions and continue to price engineer their projects and not create a quality project will be left behind and so will their disappointed clients. The"Build it, & They Will Come" business model of the previous decade does not work and its now all about quality and thoughtful design combined with value for money to assure a sound investment.
I visited a new project last week which is a superb example of the above, ticking all the boxes regarding quality, design, location and price. The Terraces in Meydan is a low rise building featuring spacious duplexes, townhouses, 1, 2 and 3 bedroom apartments, set amidst open green spaces minutes away from the Dubai Canal walkway, the planned Metro line and it’s only 5 minutes from Downtown Dubai. The prices are some of the lowest on offer in the area and its possible to find one bed from AED 874k, two beds from AED 1.34m and three beds from AED 2.18m all on a 35/65 payment plan. The developer is so confident of their Q4 2019 delivery date that they are offering to return your money if they are more than six months late. See the brochure here and please email me for more information here
Almost anything that this developer releases goes straight to my list of top recommendations and Belgravia Square is no exception. One beds from AED 766k to AED 853k, two beds from AED 1.174m to AED 1.376m and top floor two beds with large outdoor terraces at AED 1.7m to 1.74m. One beds will rent from AED 80k and two beds from AED 105k. Pay 10% + 4% + 1500 now followed by 8 x 5% construction linked instalments and 50% due on completion in Q4 2020. View the Belgravia Square Brochure here
Coming soon from Emaar will be the Golf Suites located on the city's newest golf course at Dubai Hills Estate. One, two and three bedroom apartments with spectacular views through floor to ceiling window walls framing the fairways and the city. Email me here for the brochure, payment plan and prices
Emaar released another building on the Beach in Dubai Creek Harbour last week, one beds from AED 1.1m, two beds from AED 1.4m and three beds from AED 2.6m. Pay 40% in construction linked instalments, 30% on handover in 2021 and then 30% over two years post-handover. See the brochure here
Bluewaters, a man-made island off the coast of JBR and the Dubai Marina,is home to the new Ceasars Palace Hotel, Ain Dubai which will be the world’s largest Ferris wheel, a shopping mall and a collection of upmarket restaurants and all this alongside a selection of luxury seafront properties. The latest building has ready to move in one beds from AED 2.5m, two beds from AED 3.2m and AED 4.5m all on a payment plan of 10% now, 10% on handover next month followed by 80% in instalments over the next 3 years post-handover. See the brochure here
We have a collection of ready apartments that are on long-term lease and providing yields of between 7% and 10% per year. Please get in touch with me for more details
52 I 42 by Emaar is located at the south entrance to Dubai Marina and is due for completion in September 2020 - We have some one beds from AED 1.35m to AED 2m, two beds from AED 2.3m and three beds from AED 3.2m - Pay 30% during construction, 20% on completion followed by 50% spread over 36 months post-handover. Email me for more details
Thank you for reading this far, please forward to someone that may also be interested.
Hope to see you very soon