Bullet-Point Property: Dubai No. 84

It’s been a month since the government announced some significant changes to residency visas and company ownership rules. Read more here

Since then, there have been more announcements from the UAE government who continue with their stated mission to increase competitiveness, openness and to create an economy which is non-reliant on fossil fuels.

- Read about the 6-month job seeker visas and amnesty for overstayers

- Read about the new Freelancer Permits for those in Education and Media

- Read about the Dh 14 billion that will be returned to private sector companies

Everyone is speculating on the details and on how quickly these law changes will take affect on the economy once they come into force in a few months time. 

Suffice to say that it's all very positive for business and for residents plus those planning to relocate or to invest in the country. 

This week’s property discussions have included the following:- 

• Lawnz is this developer’s 11th project and comprises of 1,064 units spread across four buildings within the only gated community in International City. A studio starts at Dh290k (£59k), 1-bed fromDh499k (£102k) and 2-bed from Dh699k (£143k). The average price per sq. ft. at the project is a low Dh750. Available at a 1 per cent per month payment wherein you pay 51 per cent until handover and 49 per cent after.  These will sell fast due to the price and the 6-year payment plan, and I have no doubt whatsoever that the few entry-level apartments will all be gone by the time you read this email Read more here about the cheapest apartments in all of Dubai

• Emaar, the developer, is arguably the best at conceiving and delivering fully integrated communities where people aspire to live, and the Dubai Creek Harbour development plan is the combined result of everything that they learnt from creating the Dubai Marina and Downtown. Its early days but there is definitely still some excellent value to be realised amongst the current inventory. We have one beds starting at just AED 1.1m (£225k), two beds from as low as AED 1.6m (£328k) and three beds from a little over AED 2m (£410k). Please email me for a guide to the development and the availability

• The developer of Town Square has strong links with Emaar and are one of the pioneers of affordable quality residences in Dubai. The first townhousescompleted in 2017 and each release of new houses sells out within days. And now the first apartments are in the process of handing over with the developer celebrating by offering a unique payment plan of 10% now and 90% on completion for selected off-plan and ready units. For example, they have one beds at AED 769k (£157k) and large two beds at AED 1.1m (£225k) in Jenna located on the Main Square ready April 2019. We have some three bed Naseem townhouses on a 50/50 plan starting at AED 1.4m (£287k) ready in 2020, and two-bed apartments in Rawda II on a 2-yearpost-handover payment plan for under AED 1m (£205k). Not forgetting a select few three beds in Zahra that are ready to move into starting at AED 1.38m (£282k).

Are you planning a trip to Dubai in 2018? 

Are you serious about buying property in Dubai?

Let's meet so we can give you a balanced and comprehensive overview of the different locations around Dubai, show you the developments, and explain the differences plus the history and the future.

It’s a great way for you to learn more about the market and all the options that are available to you while at the same time, we will learn about your plans and expectations and how best to assist you.

One could call it a "Dubai Property Tour", no charge and we can assure you that there will be zero pressure.

Thank  you for reading this far

Read last week's Bullet Point Property email here