#real estate property in dubai

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What are the requirements to buy a property in Dubai?

SRM International Real Estate: Requirements for Buying Property in Dubai Eligibility: Open to Foreign Investors • Dubai's open property market allows both residents and non-residents to purchase property. • Freehold Areas: Foreign investors can buy property in designated freehold areas like Dubai Marina, Palm Jumeirah, Downtown Dubai, and Business Bay. • Non-Freehold Areas: Some areas are restricted to UAE and GCC nationals.

Legal Requirements: Documentation and Process • Non-residents need a valid passport and visa. • No Residency Required: Investing in property worth AED 750,000 or more can make the investor eligible for a residence visa. • Sales Agreement: Buyer and seller must sign a Memorandum of Understanding (MOU) detailing the terms and conditions of the sale. • Transfer of Ownership: The ownership transfer takes place at the Dubai Land Department (DLD).

Financial Requirements: Budget and Payment • Minimum down payment: For non-residents, the minimum is typically 20-25% of the property’s value. • Additional costs: a 4% DLD transfer fee, a real estate agent commission (usually 2% of the property value), and administrative fees for registration. • Mortgage Options: Non-residents can obtain a mortgage from Dubai banks, usually covering up to 50% of the property value.

Choosing the Right Property with SRM International Real Estate • Market Insight: SRM provides in-depth market analysis and expert advice. • Property Management: SRM offers property management services for those looking to rent out their property.

[useholo]

Is 2023 the Year to Buy a Real Estate Property in Dubai?

The real estate market in Dubai has seen its ups and downs in recent years, with Expo 2020 and the COVID-19 pandemic having significant impacts. But with Expo 2020 now finished, the pandemic largely under control, and interest rates on the rise, many are wondering if 2023 is the year to buy a real estate property in Dubai.

This is not a straightforward question to answer, as there are numerous factors to consider. Let's take a closer look at some of the factors that may influence whether 2023 is a good year to buy a property in Dubai.

Interest Rates

One significant factor to consider is interest rates. The US Federal Reserve has recently increased interest rates, which may lead to a rise in interest rates on a mortgage in Dubai. This means that buying a property may become more expensive, as your mortgage repayments will be higher. However, interest rates are still relatively low compared to historical levels, so it may still be a good time to buy.

Using a mortgage calculator in Dubai or a digital mortgage platform like Holo will help you get an understanding of the interest rates currently in the market.

Property Prices

Property prices in Dubai have been somewhat volatile recently, with the pandemic causing a temporary price drop. However, in 2022, property prices in Dubai saw an overall increase of around 11% (source Reuters). This may indicate that the market is stabilizing and property prices will continue to rise in the coming years. If you are considering buying a property, it may be worth doing so sooner rather than later, before prices rise even further.

Supply and Demand

Another factor to consider is supply and demand. Dubai has seen a significant amount of new construction in recent years, which has led to an increase in supply. However, demand has also remained strong, particularly for certain types of properties such as villas and townhouses. This suggests that there may still be good opportunities for investors in the Dubai real estate market.

Expo 2020

While Expo 2020 has now finished, it may still have an impact on the Dubai real estate market in 2023. The event was expected to attract millions of visitors to Dubai, and many of these visitors may have been interested in buying property in the city. However, even without Expo 2020, Dubai remains a popular destination for expats and investors, so the market is likely to remain strong.

Conclusion

In conclusion, whether 2023 is the year to buy a real estate property in Dubai depends on a variety of factors. Interest rates are on the rise, but are still relatively low, and property prices have been increasing. Supply and demand remain strong, and while Expo 2020 is over, Dubai remains an attractive destination for investors.

If you are considering buying a property in Dubai, it may be worth speaking to a mortgage broker and using a mortgage calculator to determine how much you can afford to borrow. By doing so, you can make an informed decision about whether now is the right time to buy.

If you are an expat in Dubai looking for a mortgage, Holo is here to help. Our team of experienced mortgage advisors can provide guidance on the best mortgage products available and help you find the right mortgage deal for your needs. With our easy-to-use mortgage calculator and quick turnaround time, we can find you the best mortgage deal within minutes for free.

So if you need anything mortgage related, come to Holo. Check out our frequently asked home mortgage questions and we will help you navigate the complex mortgage application process and make your home-buying journey a stress-free experience.

Get started for free

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How to Get Dubai Golden Visa?

A new visa program for ex-pats living in the UAE was introduced in 2019 by the UAE Cabinet, led by Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister, and Ruler of Dubai. Golden Visas are 5-year residence visas; you do not have to have an employer sponsor you to live, work, and study in the UAE. The program also follows a 100% ownership policy with local businesses within the country. To better understand this new program, here are some answers to some common questions you might have.

What is the UAE Golden Visa?

According to the UAE Government, the Golden Visa is a visa that is granted for five years and a period of ten years. It will be given to the following categories (provided that they meet the eligibility criteria):

Investors

Entrepreneurs

Startup Owners

Specialized talents and researchers in various fields of science and knowledge

Outstanding students

Frontline & humanitarian pioneers

Engineers

What are the eligibility criteria for UAE Golden Visa?

You must meet the following criteria to receive a Dubai Golden Visa:

Investor Visa 10 Years

1. A property or owned share (one or more) valued at at least $2 million under the applicant's name must be worth at least $2 million.

When a property is mortgaged, the bank must receive at least 2 million of the property value. Letters of confirmation and payments are required.

3- Couples can own one property together.

What are the Documents Required For an Investor Visa?

Investor in an investment fund (commercial investor)

1. Company’s financial report for the previous year (Made by the company’s financial auditor)

2. Company’s Trade license and photocopy of the List of Partners’ Names

3. Copy of the sponsored residency

4. Company’s bank statement (last three months)

5. Company’s (VAT Return) for the previous year

Investor in an investment fund (deposit)

1. You must provide the bank with a letter in Arabic form indicating a fixed deposit. The note must be accompanied by the message. The fixed deposit mustn't be broken for the next two years, OR if it is broken for any reason whatsoever, the Directorate of Residency and Foreigners Affairs - Dubai must be informed.

2. A copy must accompany the sponsor's passport.

3. A contract for the tenancy of a property.

Investor in (Tax Return Investor)

1. Here is a letter that the Federal Tax Authority sent.

2. A copy of the Company's Trade Licence and a copy of the list of the name of its partners.

3. The sponsorship letter, along with a copy of the residency agreement.

[propertyfind-blog]

2017 will be another year anticipated well for the tenants as well as for the property buyers with the rents and residential rates falling by 5-10% as 16,500 new units’ supply is expected to put further downward pressure on the prices.

Global ratings for 2017 say that it’s another tough year after the corrections in the previous year for the real estate market of Dubai. Any sign of market improvement for the UAE real estate sector ruled out, even though the housing affordability is improving from the current price environment.

Picture Courtesy: emirates247.com

2016 faced many types of fallout like low oil prices and never-ending currency woes. The residential rates hit a low with 8-11% on an average and rents fell by 6% affecting most of the areas of the city. For tourists, UAE has become costly because of dollar strengthening and low oil prices previous years have reduced the purchasing power thus weakening the investor sentiment.

Similarly, British Pound’s relative weakness against Dirham is another reason for the downbeat outlook making the real estate sector less attractive for UK nationals who are the 4th largest investors in residential real estate segment in the 1st half of 2016.

The pound dropped by 17% as against the US dollar over the last one year because of Brexit fear. For UAE, pound remains a concern as the UK is traditionally among the top three source markets in terms of visitors to Dubai.

Picture Courtesy: www.gitex.com

Any negative movements in the ratings of real estate sectors are not foreseen for coming 12-18 months as the developers will be busy in absorbing the fall of the house prices too low debt burdens & strong balance sheets. Well rated companies of real estate are hedged due to their high asset quality and a large period of lease structure.

According to the rating agency, residential prices and rents are bound to decline further because of continued currency woes, while the office property segment is expected to be stable as a result of the subdued corporate activity.

Picture Courtesy: www.arabianbusiness.com

The low in retail sales is likely to continue because of dollar strengthening and hotels will struggle with excessive supply despite tourism numbers being resilient. However, the expected rated developers will absorb the foreseen fall in the house prices because of their strong margins, low debt burdens, and strong balance sheets.

Along with the euro, Chinese yuan renminbi & pound, the Indian rupee has also declined by 7, 2 &3 % respectively.

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A few Real Estate Developers in Dubai guarantee a 100 % assurance for the development of Real Estate Properties.

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Own A Space provides the deluxe real estate properties in Dubai & UAE. They also provide affordable VR and layer view development service that are best ways to sell your properties and related services.

[real-estate-developers-in-d-blog]

Safeer Tower - Welcome to the world of affordable luxury! We make it a priority to hand deliver residential properties that are just right for you. At Al Seeb Real Estate Development we are dedicated towards creating beautiful and warm spaces that you can call HOME.

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Why You Should Consult a Real Estate Agent

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What is the difference between a real estate agent and a real estate broker?

Real Estate Agent

A real estate agent is a licensed individual who assists clients in buying, selling, or renting properties. They must complete pre-licensing coursework and pass a state-administered exam, covering real estate principles, practices, contracts, and legal issues. Agents operate under the supervision of a licensed broker or brokerage firm, adhering to regulations and guidelines.

They act as intermediaries between buyers and sellers, facilitating property showings, negotiating terms, and providing guidance. Agents also perform market analysis, assessing property values and market conditions to guide pricing strategies.

They maintain regular communication with clients, keeping them informed about market updates, offers, and negotiations. Agents handle administrative tasks, including handling paperwork, disclosures, and legal documentation for transactions.

Real Estate Broker

A real estate broker holds a higher level of licensure and has additional responsibilities compared to an agent. They must fulfill more stringent licensing requirements, including additional coursework, years of experience, and passing a broker's licensing exam.

They can work independently and establish their brokerage firm, providing guidance, training, and oversight. Brokers can perform the same duties as agents, but often handle more complex deals or specialize in specific types of real estate transactions.

They have a deeper understanding of real estate laws and regulations, enabling them to provide expert advice on legal issues and contractual obligations. They ensure compliance with ethical standards and regulatory requirements governing real estate transactions.

Brokers manage the administrative and operational aspects of their brokerage, including marketing, client acquisition, financial management, and business development.

Key Differences

Brokers have higher responsibility due to their training and qualifications, while agents work under their supervision. They have a deeper understanding of the real estate market, legal intricacies, and business operations. Brokers can establish their brokerage firms and manage their team of agents, while agents work within a brokerage.

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[srminternational]

To Buy An Luxury Property in Dubai

Indulge in Elegance with Luxury Property Buying and Selling Services from SRM International Real Estate LLC

Are you in pursuit of the extraordinary, seeking a residence that transcends the boundaries of opulence and sophistication?

Welcome to SRM International Real Estate LLC, your gateway to a world of luxury property buying and selling. Our mission is to curate unparalleled experiences in the realm of high-end real estate, connecting discerning buyers and sellers with properties that redefine luxury living.

The Essence of Luxury Real Estate

Luxury properties epitomize the pinnacle of architectural brilliance, impeccable design, and unmatched comfort. From lavish penthouses with panoramic city views to sprawling estates nestled in serene landscapes, these properties are characterized by their exclusivity, exceptional features, and attention to detail.

Why Choose SRM International Real Estate LLC for Your Luxury Property Journey?

Expertise: Our team at SRM International Real Estate LLC possesses a deep understanding of the luxury real estate market. We have a finger on the pulse of trends, values, and opportunities, ensuring you receive informed guidance throughout your journey. .

Exclusive Selection: We present a curated portfolio of exceptional luxury properties that capture the essence of elegance. Each property has been carefully selected for its unique attributes and the lifestyle it offers.

Personalized Service: We recognize that the search for a luxury property is deeply personal. Our approach is tailored to your preferences and requirements, ensuring you're presented with properties that align with your vision of luxury.

Confidentiality: Discretion is paramount in the luxury real estate world. We uphold the utmost confidentiality in all transactions, safeguarding your privacy and reputation throughout the buying or selling process.

Network of Influences: Our extensive network includes affluent buyers, sellers, and industry professionals. This network allows us to connect you with the right parties, whether you're looking to buy a luxurious property or sell one.

Comprehensive Support: Beyond property transactions, SRM International Real Estate LLC offers a range of services, including legal consultations, market analysis, property valuation, and negotiation support, ensuring a seamless experience.

Elevate Your Lifestyle with Luxury Real Estate: Owning a luxury property is more than an investment; it's an affirmation of your refined tastes and a reflection of your achievements. Whether you're looking to acquire your dream home or seeking the right buyer for your exclusive property, SRM International Real Estate LLC is here to guide you through every step of the process.

Contact Us Today Ready to immerse yourself in the world of luxury real estate? Reach out to SRM International Real Estate LLC for a personalized consultation. Let us be your partner in elevating your lifestyle and making your luxury property aspirations a reality.

Contact Us

Address: 9th floor, Office Number: 911, Clover Bay Tower, Business Bay, Dubai - UAE.

Phone: Dubai: +971 56 170 5428 | +971 56 290 3903

Phone: India: +91 9944976566

Mail: info@srmintlrealestate.ae

Website: www.srminternationalrealestate.ae

[srminternational]

Tailored Property Management Solutions

At SRM International Real Estate, we understand that each property is unique, and so are the needs of our clients. Our property management services are meticulously tailored to meet the specific requirements of property owners and investors. Whether you're an absentee landlord seeking hassle-free management or an investor aiming to optimize rental income, we have a solution that suits you perfectly.

Property management involves a multitude of responsibilities, from tenant screening and rent collection to maintenance and property inspections. SRM International Real Estate takes care of it all. We ensure that your property is in optimal condition, protecting your investment and maximizing its potential. Our team conducts regular inspections, promptly addresses maintenance issues, and manages tenant relationships to create a hassle-free experience for property owners.

Effective property management services requires open communication and transparency. SRM International Real Estate is committed to providing property owners with real-time updates on their investments. Our advanced technology platforms allow property owners to access financial statements, maintenance reports, and tenant information with ease. We believe that informed property owners are empowered property owners. In an increasingly digital world, SRM International Real Estate harnesses technology to streamline property management processes. Our cutting-edge software systems enable efficient tenant management, rent collection, and maintenance scheduling. We also leverage digital marketing strategies to maximize property exposure, ensuring quick and reliable tenant placement.

Contact Us         

Address: 9th floor, Office Number : 911, Clover Bay Tower, Business Bay, Dubai - UAE.

Phone: +971 56 170 5428 | +971 56 290 3903

Email: info@srmintlrealestate.ae

Website: www.srmintlrealestate.ae

[srminternational]

In the heart of the bustling metropolis of Dubai, SRM International Real Estate stands as a beacon of excellence in the realm of real estate. With a legacy of trust and a commitment to delivering exceptional services, SRM International Real Estate has carved a niche for itself as the ultimate destination for those seeking prime Real Estate Property in Dubai.

Dubai's real estate landscape is a tapestry of opulence, innovation, and unparalleled growth. As a global hub for business, culture, and luxury living, it offers a unique opportunity for investors and homeowners alike. SRM International Real Estate has positioned itself as a key player in this dynamic market, offering a diverse portfolio of properties that cater to the discerning tastes and investment goals of its clients.

One of the key strengths of SRM International Real Estate is its vast and varied portfolio of properties. Whether you are searching for a luxurious villa in Palm Jumeirah, a sleek apartment in Downtown Dubai, or a commercial space in Business Bay, we have you covered. Our team of experts works tirelessly to curate a selection of properties that caters to all budgets and preferences, ensuring that every client finds their dream property in Dubai.

Contact Us         

Address: 9th floor, Office Number : 911, Clover Bay Tower, Business Bay, Dubai - UAE.

Phone: +971 56 170 5428 | +971 56 290 3903

Email: info@srmintlrealestate.ae

Website: www.srmintlrealestate.ae

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Top 5 Off-Plan Properties in Dubai

Off-plan properties in Dubai are free of planning permission when it comes to buying and selling. There are a lot of advantages to buying and selling an apartment in Dubai. As a result, your new home will be built faster than you would normally expect and will come equipped with everything you need.

Off-plan apartments are generally more affordable than ready-to-live homes because they have not yet been completed. If you are searching for an apartment in Dubai and have a limited budget, then look no further. Additionally, they are easier to buy, rent, sell and maintain, as well as less expensive to finance.

Exactly what is an off-plan property?

When you buy a property off the plan, you’re actually purchasing a property that hasn’t yet been built or is still under construction. You’re rather interested in the plans and designs of the building than the final product, so you make your decision based on those elements.

Dubai offers a variety of advantages when it comes to buying off-plan properties.

Since there are fewer properties available in this area, you have a better chance of getting a good deal because you'll have the ability to negotiate with the developer for a lower price than what they might be asking you for.

Off-plan properties are designed to be tailored to your needs, thanks to the fact that you can select from different sections, sizes and layouts. For example, if you want something larger than what is currently on offer or closer to shops and restaurants, then off-plan properties can be tailored to your requirements.

Additionally, the fact that there are no maintenance costs involved in owning these homes will also enable you to make more profit when you sell them down the road.

Also, if the property is located near Dubai's center, you are likely to be able to get a better deal on it if you find one that is easily accessible to all forms of public transportation. This will mean that you do not have to spend your money on private transportation fares every time you have to go anywhere in the city.

Off-plan property in Dubai has many benefits. It is possible to find a property that suits your needs and budget, as there are a wide variety of properties to choose from. If you're interested in buying a property that's under construction and ready to occupy, this is your best option!

Sobha Grande 

Investing in Sobha Creek Vistas Grande Apartments in Dubai is an amazing opportunity for homebuyers to have their own home overlooking dazzling views of the glamor and excitement of downtown life and being in a prime location with the best views. Designed to provide a privileged lifestyle that perfectly complements the appeal of downtown life, these luxury apartments offer an ideal lifestyle.

The amenities include: 

An open balcony

The kitchen

The park

Pools are great places to swim

The interiors of the hotel are spacious

Area with BBQs

There is a play area for children

Zone for meditation

Gymnastic gymnasium

Apartments at The Crest

Dubai's Crest Apartments offer a relaxing and comfortable atmosphere with lagoon views, elegant interiors, and luxurious amenities. You'll have everything you need to make your stay in this city as enjoyable as possible.

Services: 

A fitness center

An open balcony

The kitchen

The park

The swimming pool

Interiors with plenty of space

Area for BBQs

An area for kids to play

A parking lot

Waves Grande 

In Dubai, Waves Grande offers stunning views of Downtown. It is a well-designed project in Sobha Hartland, situated in a Waterfront District that is surrounded by Downtown, Ras Al Khor Wildlife Sanctuary, and Park. Aside from providing perfect homes in Dubai, Waves Grand Apartments are also great investments. Owning your own home in the most dynamic city in the Middle East is now possible with a unique payment plan - which lets you own a property in Dubai at an affordable price.

Services: 

Studio for fitness

balcony

kitchen

park

Pools

spacious interior

Area for BBQs

Playground for kids

Places to park

Villas at Expo Golf

Emaar South's Expo Golf Villas 6 provide families with a stylish layout and features that enable them to relax comfortably in a natural environment.

Facilities: 

Fitness Studio

Balcony

Kitchen

Park

Swimming pool

Spacious Interiors

BBQ area

Kids play area

Parking

Creek Palace Apartments

When you wake up to Dubai's stunning skyline and mesmerizing waters, you will be able to experience a truly amazing experience at Creek Palace Apartments at Dubai Creek Harbour. In addition to boasting a striking waterfront address, these properties provide excellent facilities, 5-star hotel services, and an elegant design. Furthermore, these properties are excellent investment opportunities.

Amenities: 

Fitness Studio

Balcony

Kitchen

Park

Swimming pool

Spacious Interiors

BBQ area

Kids play area

Parking