Estate Agent in Dubai

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Bullet-Point Property: Dubai No. 81

Steven Leckie

No new launches have happened over the past week and the market has been fairly slow due to the Holy Month of Ramadan.

On the other hand, I have been kept busy researching investment options for a number of overseas clients who want entry level off-plan "Buy to Lets" expected to yield between 7% to 10% net.

Here is a very brief summary

Under AED 1m - £80k to £200k

 

 

  • Se7en - Jumeirah Lake Towers - Studios from AED 410k, one bed from AED 717k, two beds from AED 992k and three beds from AED 1.41m - Pay5% + 4% Oqood now and 6% every three months and 25% on completion in 2020 

 

  • Dezire - Jumeirah Village Circle - Studios from AED 413k - One bed from AED 819k - Two beds from AED 1.059m - Pay 25% now + 4% DLD then 2 x 10% construction linked and 55% on completion in 2018

 

 

  • Una, Town Square - Studios from AED 440k - One bed from AED 534k – Pay 50% over construction and 50% on handover in 2020

 

  • Golf Vita in Damac Hills - One bed from AED 586k - Two beds from AED 910k – Pay 24% now and 1% every month and 50% on handover in 2020

 

 

  • MAG 5 Boulevard in Dubai South - Studios from 378K. - 2019. on 50/50 payment plan - One beds start at AED 486K – 35/65 plan with completion in Q2 – 2019 - Two bedrooms at AED 750k on 20-80 – payment plan and delivery end of 2018.

AED 1m to AED 1.5m - £200k to £300k

 

 

  • Hayat Boulevard in Town Square - Two bed from AED 887k - Three beds from AED 1.22m – Special offer Payment Plan of 10% + 4% now and 90% on completion in 2019

 

  • Rawda 2 in Town Square - One bed from AED 822k - Two beds from AED 960k – Pay 30% during construction and 70% on completion in 2020

 

 

  • Park Point in Dubai Hills Estate - Two beds from AED 1.29m - Three beds from AED 1.7m – Pay 40% during construction, 10% on handover in 2019 and 40% over two years post-handover.

 

  • Golf Views in Emaar South - Two beds from AED 1.02m - Three beds from AED 1.505m - 50% during construction, 10% on handover in 2019 and 40% over 36 months post-handover.

 

 

  • MBL in Jumeirah Lake Towers - One bed from AED 899k - Two beds start at AED 1.66m - Pay 35% during construction and 65% on completion in 2019


Did you know that Property Management can be free for at least two years?

Here’s how

- We carry out the snagging inspection on your behalf, submit to the developer and then make sure that all items are rectified before the handover

- We compile full inventories of Fixtures and Fittings.

- All new homes come with a minimum 12 months warranty on internal fixtures and fittings, and we report and manage issues directly with the developer's on-site maintenance team.

- Tenants pay us to rent the property to them, so you don’t have to.

- Tenancy Contracts are for 12 months and are auto-renewable, so tenants tend to stay longer, and we manage the renewal documentation at the end of each year FOC.

- We can be the first point of call with the tenant if there is ever a problem.

- We assist with the connection and the disconnection of utilities

- When the tenant vacates, we will inspect and report on any issues, obtain quotes, negotiate security deposit refunds and make sure the property is fully prepared and made ready for the next tenant.

And here’s why

- We take the long-term view with our client relationships especially when you buy your property through us and we like to make sure that you think of us first next time you decide to sell, rent or buy or even recomend us. 

- Many of our overseas clients rely on us to look after their Dubai portfolios.