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Dubai real estate investments

Dubai real estate investments.

“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.” (Franklin D. Roosevelt). Real estate, for many years, has been considered as on the safest investments. But what makes it one of the best among others?

What are investments? 

Before deciding what to invest your money in – it is important to understand what investments mean and how this whole experience of real estate investments can benefit you. According to investopedia – Investment is an asset or item acquired with the goal of generating income or appreciation. In an economic sense, an investment is the purchase of goods that are not consumed today but are used in the future to create wealth. In finance, an investment is a monetary asset purchased with the idea that the asset will provide income in the future or will later be sold at a higher price for a profit.

As we can see, in all cases investment called upon investor’s benefit.

So now, after we know the benefit of investments – we should make a decision of what to invest in. The best investment is real estate investments and one of the best cities for real estate investments is Dubai.

Dubai – heaven of real estate investments. 

Why to invest in Dubai real estate? Because Dubai real estate investments will guarantee high return on investments, comparing to other big cities like London, New York or Hong Kong. You can choose different types of real estate investments – invest in a ready unit or off plan project. Due to upcoming Expo2020 Dubai real estate market develops and replenishes with new projects. What is more – there is a number of other factors which can help you in choosing Dubai as your real estate investments, such as one of the safest cities, developed economy, safe investments, no taxes on real estate, residency visa, affordable prices. These are the main factors which attracts thousands of investors to Dubai. Dubai is a land of opportunities where real estate investments becomes not just investments in property but investment in the future – future development, growth and wealth. So what else can be better than this? Invest in your future with one of the best property advisors, in Dubai – Universal Prime Real Estate.

For more information – contact us at 04 277 8034.

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How to buy property in Dubai?

In most cases, the acquisition of the real estate market of the Emirate and registration of necessary documents on property is quite simple. Emirate authorities are interested in fast and simple processing transactions to facilitate the purchase or rental process of any type of the property. The parties to the transaction is required only once to pay a fee. The process of buying property in Dubai includes a number of steps, which we will discuss now.

Steps on buying Dubai property

  1. A potential buyer selects the property. It is very important to be sure that the developer or real estate agent has a license granting them the right to sell real estate property to foreign, or local nationals.
  2. The next step is the registration of the transaction of the purchase and sale of property. From the 1st of May 2014 on the territory of the Dubai standardized form of contract has been approved. Dubai Land Department (DLD) has created this form for the settlement of relations between the parties of the transaction and to avoid incorrect reading of the contract. The new form greatly accelerates the process of registration of the property.

A contract (Form A) can be downloaded on the state portal E-mart. In order to complete this form, individuals only need a document certifying the identity (passport) and legal entities needs to provide a certificate on registration, constituent documents, the decision of the Board of Directors about the acquisition of the property and documents of the Trustee company.

  1. First, both parties will draw up a preliminary contract outlining the major provisions of the transaction, such as: price, terms, property description, etc. Then the future owner needs to make a Deposit, the value of which is 10% of the total cost of the acquired property.
  2. Once transaction took place and the contract started having formal legal force, it must be registered at the Dubai Land Department. In the UAE, upon registration Department, all fees should be paid, which is (in Dubai) 4% of the project cost.
  3. After the registration of property transfer to the buyer, Certificate of ownership, as in the case of registration of the constructed object of real estate, the buyer receives a pre-registration of property rights. The conclusion of the preliminary agreement to actual purchase of the property (before the transaction) usually takes no more than 14 working days.

It is well known that 90% of wealthy people becomes so through owning real estate. Contact Universal Prime Real Estate if you are interested in investing in Dubai real estate market.

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Why to invest in Dubai property?

Why to choose Dubai as a place to settle, and buy your own property? Among the fact that Dubai is one of the world’s number one center of tourism – this city develops very fast, with a speed of light. If you haven’t been to Dubai, at least for a year, be sure to notice that the city changed drastically. Apart from the city development – real estate market, in Dubai, is one of the most attractive type of assets due to mature market, stable economy, and high earning yield.

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