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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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 1^st 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.

3. 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.
4. 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.
5. 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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Currently, many invest

ors have drawn their attention to the fast-developing United Arab Emirates. Its economy has shown stable development and improvement, despite of difficulties in 2016. Such industries, as: wholesale, retail trade, construction, tourism and hospitality demonstrated good performance and numbers. Upcoming Expo 2020 has changed some development trends in UAE, and in Dubai, in particular. This is another reason for investors to accumulate their assets into Dubai property.

Expo 2020 and Dubai property 

Expo 2020 is expected to be one of the biggest and most spectacular events, in UAE. Preparation for this exhibition has started already, and requires significant investment of UAE government into infrastructure, local real estate market whe

ther it is housing, hotels, or commercial property. It is expected that Expo 2020 will attract more than 25 million visitors, in the first 6 month.

In addition, interest in residential properties of the city has arisen among immigrants, arriving to the city on a permanent job. As a rule, so-called expatriates prefer to rent their own property. Nevertheless, in recent years there has been another trend – more and more expats thinking about purchasing their property. As in the case of moving home they have an opportunity, during their absence, to lease their property and have a stable income.

Main advantages of buying a property in Dubai 

1. First of all, it is important to look at other big cities, and its property prices. At the moment, the cost of housing in Dubai is much lower than in other major world markets such as: New York, or London. This is largely due to the “age” of the market. Nevertheless, over the last decade the price indices of real estate market continued to grow and, in a few years, will match performance of popular European and North American markets.
2. Secondly, when buying property, private investors have the opportunity of obtaining a property visa.
3. Third – United Arab Emirates has no income tax. This greatly increases the profitability of investment into real estate market. The yield of local real estate, usually on the order exceeds similar indicators of other markets and could reach up to 10% per annum.
4. Forth – United Arab Emirates is one of the most secured countries, in the world. According to the World Economic Forum (WEF), the UAE has been ranked in top three safest countries in the world.

It is well known that the best investment is investment into property. comparing to other countries, United Arab Emirates, and Dubai in particular has improved its image of the “city of the future”. Need more proves that Dubai is one of the best cities to invest? Contact one of our property adviser for more information on real estate market.

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