Bullet-Point Property: Dubai No. 111
Did you know that Dubai Tenancy Contracts are for 12 months?
Landlords can expect to receive the year's rent in advance via one to six post-dated cheques (PDCs).
The landlord does not need to pay his agent anything because the tenant pays the commission
Dubai's market average for tenants remaining in the same property is 3.5 years, and occupancy levels can reach over 95% in certain buildings and areas
Net annual rental yields can be anywhere between 5% and 10%
Rental Income is Tax-Free
Does a local or overseas landlord need to pay a property management company? I say maybe not but contact me for more details here
This weeks property discussions have included
DT1 (Downtown One) is a stunning building and one of only a handful of properties in Downtown that are not built by Emaar. It’s my dream home in Dubai but unfortunately its way more than I can afford, despite the developer offering some great deals on the remaining inventory. These large, high-qualityluxury apartments are in what promises to be one of the most exclusive residential buildings in all of Dubai when completed at the end of this year. See More Here and contact me directly for availability and details
Port de La Mer is a small waterfront master community at the heart of Jumeirah, from the same government-backed developer that has brought us some of Dubai’s most sought-after and iconic locations, such as City Walk, Bluewaters, Jumeira Bay, Pearl Jumeira and La Mer. Prices start from AED 1.2m – see the brochure here for the latest release
DP continues to offer selected Villas and Townhouses on a special payment plan of 20% due during construction, 5% on completion and 75% over five years post-handover with prices from AED 1.4m
Located directly on the beach between the Le Royal Meridien Beach Resort and Spa and the Ritz Carlton, the exclusive 1JBR offers residents a full sea view from every apartment – a limited time payment plan makes this even more special – pay 30% during construction, 10% on handover and 60% over 3 years post-handover – See More Here
Palace Residences is the latest addition to the fabulous Dubai Creek Harbour master development, and it’s a 5-star waterfront residential project featuring one, two, three, and four bedroom apartments located adjacent to the new Palace Hotel. For a limited time, the developer is offering a 3-year post-handover payment plan, five years free property management, and a 50% waiver on the Dubai Land Department Fees. Prices start from just AED 1m – See More Here
This weeks prize for the longest Post Handover Payment Plan (PHPP) goes to the MAG EYE project in MBR City (less than 10 minutes from Business Bay and Downtown) – studios from AED 535k on a 50/50 plan but the one beds starting from AED 888k and the townhouses starting from AED 1.5m come with an 8 year plan with handover 2021 – See More Information Here
The Samara three and four bedroom townhouses are located within a Golf Community in Dubai South, and they start from just AED 999,888 on a five-year payment plan See More Here
Studios in JLT located across from the Dubai Marina start at under AED 400k 0r £84k, one bed from AED 739k or £156k and two beds starting from under AED 1m or £ 210k. These are worth considering as a holiday home or an affordable Buy to Let – See more here
Thank you for reading this far and i hope to see you in Dubai very soon