A British couple who have a successful family business supplying shops here in Dubai with furniture want to establish a sales team and distribution centre in Dubai and are interested in purchasing an apartment rather than continuously paying for hotels.
Read MoreTraditionally this is the time of year when many ex-pats leave for their annual holidays as business tends to slow down during Ramadan due to the shorter working days.
However in the last two or three years it has become one of the busiest times of the year for me as many of my overseas clients take advantage of the hotel and flight deals on offer as well a chance to enjoy a more traditional Ramadan experience.
Read MoreIt is possible to obtain a Maxof 75% Loan to Value (LTV)
The banks that will lend 75% to a Non-Resident require that the property must have a Title Deed rather than just a Building Completion Certificate (BCC) and Oqood Certificate.
The Title Deed is only issued once the property is fully paid for and the process will take at least a month once the property is completed and the keys are handed over, but it can take even longer so not a reliable time frame.
Read MoreAre you aware that it is possible to obtain a Mortgage as a non-resident for up to 50% Loan to Value (LTV) on a property that is under construction however this is limited to projects that have completed 50% of their construction and then is only possible with a handful of developers. . .
Read MoreDid you know that tenants in Dubai pay their rent a year in advance?
Landlords will accept between one and 12 cheques for the annual rent though four cheques is the normal practice whilst all tenants are fully aware that it is a bad idea to bounce a cheque in Dubai; the authorities take it very seriously indeed.
It is possible to lease your property on a short-term basis for holiday and company lets and I would be happy to talk you through the pros and cons of going down this route.
The fact is that over 70% of the people living and working in Dubai pay rent and that makes for some very good returns for owners of quality buildings throughout the city.
As we fast approach the Holy Month of Ramadan, the developers are pulling out all the stops to launch some excellent and affordable projects which provide great value, these are my top five recommendations:
When buying a property in Dubai for investment and/or “Buy to Let”, it is important to understand why one building stands out from its neighbours and attracts buyers and tenants who are prepared to pay a premium to live where occupancy levels are always high and where your property is an appreciating asset that is consistently earning you an income.
Every community or suburb of Dubai offers the investor and the tenant a wide range of prices and rents and it will be no surprise to learn that the best kept buildings in those areas demand the highest purchase prices and the highest rents.
It’s not always about location as in other cities, here you can have neighbouring buildings with similar size apartments and views and yet have massive rent and price differences.
I am currently sitting at my desk in the Dubai Marina . . .
Read MoreThe signs are that summer is close now; the cold-water tap has hot water running out of it and it's time to take a sweater if you are planning to spend any time indoors as the air conditioning is now set to freezing. Interestingly, after 14 years of living in Dubai, my blood has thinned so much that I have no issue walking outside in 35 degrees wearing a suit jacket whilst all about me are in shorts and t-shirts, let the fun begin. . .
Read MoreWe are passionate about assisting our overseas investors to source and acquire property in Dubai. We listen to their requirements, timelines and budgets and then look for properties that we are confident about recommending and which meet all of the following criteria
Read MoreOn Wednesday 29th March, 2017 the British Prime Minister, Theresa May, finally trigged Article 50 of the Lisbon Treaty, some nine months after the referendum, that will eventually see the UK permanently leave the European Union, regaining complete sovereignty over its own laws and affairs.
Read MoreI have been living and working in Dubai for the past 14 years and I don’t think that I will ever become accustomed to people being late for appointments.
No matter how many times it happens, I still get upset at the tardiness of some people with whom I meet and do business. In short, I’m getting fed-up with people arriving late for previously scheduled meetings. And it’s not just 5 or 10 minutes late either. It’s usually a huge whopping 20-30 minutes late, often accompanied by a late phone-call informing me of the obvious – they’re late.
Read MoreAll registered real estate agents in Dubai are bound by a code of ethics which includes 11 principles they are expected to follow and practice such as fair and respectful treatment, preservation of privacy, trust and integrity, respect towards the local society, comprehensive documentation, and general respect of the regulations and procedures of Real Estate Regulatory Authority (RERA).
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