Dubai is expected to welcome 17 million visitors in 2017 making it the 6th most visited city on the planet. Over a million of those visitors will come from the UK , I am amazed that Dubai receives more visitors than places like Paris, New York, Tokyo and Rome. The rate of growth is up there with Mumbai and Delhi, read more here

More visitors meansmore business for Dubai and higher numbers of people choosing to stay for longer and hopefully settle. This week's property discussions and site visits have included the following:

PropertySteven Leckie19 November 2017Property Watch, Dubai, myDubai, property in Dubai, UAE propertyComment

Bullet-Point Property: Dubai No. 52

Did you know that overseas residents are able to obtain mortgages from UAE Banks to purchase property in Dubai?

Dubai developers selling off-plan properties have payment plans of 30%, 40% or 50% due during construction and the final payment can be paid using part cash and/or a mortgage.

Clients purchasing property can take full advantage of the developer's investor-friendly payment plan and in some cases will obtain the 50% LTV mortgage during construction and then re-mortgage once the property is completed and is rented, at which time they can obtain a Maximum 75% LTV based upon the property valuation and applicant circumstances.

PropertySteven Leckie10 November 2017Property Watch, property in Dubai, UAE propertyComment

How Dubai's prime property prices compare to cities worldwide

The city of Dubai is rightly famous for the glitz and glamour of its architecture. There’s an abundant supply of majestic properties with sprawling gardens or swanky apartments overlooking its yacht-lined marinas. But despite all that opulence, the emirate remains one of the least costly places to own a home.

Bullet-Point Property: Dubai No. 51

Did you know that one-third of the world's population lives within a 4-hour flight and two thirds within a nine-hour flight from Dubai?

When I arrived here to live and work in 2003, I joined 1,014,379 registered Dubai residents

On 1 November 2017 according to the Dubai Statistics Centre (Government of Dubai), I am now one of the 2,872,252 residents, and the city is on track to reach 3.4m in 2020 and a staggering 5.2m in 2030, hopefully, I will still be here.

PropertySteven Leckie3 November 2017Property Watch, Dubai, property in Dubai, UAE propertyComment

Bullet-Point Property: Dubai No. 50

Did you know that 80 percent of the Dubai population live in rented accommodation - apparently that makes Dubai one of the largest rental marketplaces in the world?

Did you also know that Dubai tenants sign12-month tenancy contracts and pay in advance for the entire year via one to four post-dated cheques?

PropertySteven Leckie28 October 2017Property Watch, Dubai news, myDubai, property in Dubai, UAE propertyComment

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.

PropertySteven Leckie20 October 2017Property Watch, Dubai, Dubai news, myDubai, property in Dubai, UAE propertyComment

Bullet-Point Property: Dubai No. 48

And now Dubai is "The most active city in the world".

Everyone here is talking about the Dubai Fitness Challenge, and the countdown is now on. Citizens, residents and tourists are encouraged to engage in physical fitness activity by HH Sheikh Hamdan who is asking everyone to commit to 30 minutes of daily exercise, for just 30 days, starting Friday 20th October.

PropertySteven Leckie18 October 2017Property Watch, visit Dubai, Dubai news, myDubai, property in Dubai, UAE propertyComment

Bullet-Point Property: Dubai No. 47

Naturally, I would say that it is imperative that you speak with a knowledgeable and trustworthy Dubai based Real Estate Agent when making a property investment in this city.

Please contact me if you ever need a recommendation for such an agent.

PropertySteven Leckie6 October 2017Property Watch, Dubai, Dubai news, myDubai, property in Dubai, UAE propertyComment

Bullet-Point Property: Dubai No. 46

This week, we learned that Dubai had retained its ranking as the fourth most popular travel destination in the world, according to the ninth annual Mastercard Global Destinations Cities Index. The emirate welcomed 14.87 million international overnight visitors in 2016, with an expected continued growth of 7.7 percent for 2017.

PropertySteven Leckie29 September 2017Property Watch, Dubai, Dubai news, property in Dubai, UAE propertyComment

Bullet-Point Property: Dubai No. 45

The Cityscape property exhibiiton ended on Wednesday and it was one of the busiest and more enjoyable that I have attended for a good number of years. I saw a brief article in The National that echoes my impressions of the show and current thoughts on the market, read it here

PropertySteven Leckie16 September 2017Property Watch, Dubai, Dubai news, myDubai, property in Dubai, UAE propertyComment

Bullet-Point Property: Dubai No. 44

This is a big week in the world of Dubai property, the Cityscape Global exhibition opens its doors on the 11th coinciding with the end to the holidays plus the return en-mass for those who escaped the summer heat.

PropertySteven Leckie10 September 2017Property Watch, Dubai news, myDubai, property in Dubai, UAE propertyComment

Bullet-Point Property: Dubai No. 43

Dubai is constantly evolving, growing and improving and anyone that is a regular visitor is often amazed at the changes that have occurred since their previous visit even if it was last month, never mind if it was last year.

PropertySteven Leckie3 August 2017Property Watch, Real Estate, investing in DubaiComment

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