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Why should you invest in Dubai downtown projects?

Dubai downtown is a well-known area for real estate investors. Whether you are an end-user or investor – Dubai downtown projects should be in the list of your top choices. Of course, there are other developing areas. Nevertheless, when it comes to the location, overall area, and transport connection – Dubai downtown projects are ones that should be considered first.

 What areas in Dubai downtown should you take into consideration? 

Dubai downtown comprises of a number of areas. Among all, we can highlight Dubai International Financial Center (DIFC), Zabeel, World Trade Center, Mohammed Bin Rashid City (MBR City) and Business Bay.

Areas as DIFC, World Trade Center and Zabeel are quite developed and don’t experience such active construction activity. However, Business Bay and MBR City are developing, expanding and growing now. A lot of new real estate projects are appearing in these areas. Your investment goal depends on which project should be considered.

 If you are an investor

If you are looking at Dubai real estate investment from an investor’s point of view – consider MBR City as your top option. Mohammed Bin Rashid City is the so-called city within the city. It is one of the world’s “lowest density” residential projects at the heart of a city. Mohammed Bin Rashid City will have everything a resident needs in order to satisfy even the pickiest investors. The biggest mall, a new airport, the longest ski-slope, crystal lagoon, stunning villas, penthouses, and residential apartments. This area will also have perfect traffic interchange.

Another and main advantage for investors is that Mohammed Bin Rashid City built specifically with the support of Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates, and ruler of the Emirate of Dubai. It guarantees that the project itself will be developed on time with the promising quality and finishing. What is more, return on investments (ROI) is projected to be high due to the reputation and location of it. 

 If you are an end-user 

If you are looking for an apartment to live in, consider Dubai downtown as your top option. Even though Dubai is still developing, new areas are expanding and growing still one of the best investments in downtown. The main reason is the location. Living in downtown will make your life easier in terms of distance. You will be able to reach any part of the city, easily. What is more, the majority of main landmarks are situated in downtown or nearby areas. Greater number of offices and international companies are situated in downtown as this area considers as one of the most prestigious in the city.

Whether you are single or have a family – an apartment in downtown will be a great choice. Perfect location, cozy and well-maintained communities, easy and fast access to main landmarks.

 Contact one of our Property Consultants and get all of the details on Dubai real estate investments.

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Dubai real estate investment guide

Dubai real estate investment guide aims to educate potential investors on real estate investments, in general. Moreover, to explain when is the best time to invest in Dubai real estate and what are the key points which every investor should take into consideration?

Dubai real estate investment, at the moment, can be considered as the right time. Whether you are an end-user or investor – Dubai real estate investments have always been one of the most profitable ways of gaining ROI and securing your life.

In our Dubai real estate investment guide, we have collected and highlighted key points that should be taken into consideration while choosing a property to invest in.

Main benefits of Dubai real estate investment

Why should you invest in Dubai and not other markets? The answer is quite simple – Dubai offers a number of benefits to its investors. Dubai real estate investment guide covers the main points on real estate investments and needed expenses.

Dubai is one of the fastest-growing cities, in the world. In less than 50 years it became one of the most developed and promising cities in terms of technologies, economy, and future benefits. With governmental support, it became easier to invest in Dubai real estate market. Dubai real estate investors are having an opportunity to obtain 3-, 5-, or 10-years UAE residency. Dubai real estate has one of the highest ROI, comparing to other big cities.

Overall, governmental support, new initiatives, and development of the city made the real estate market a tidbit.

Local investors with Expats

Local real estate investors

Local investors or Emirati can purchase property in any area in Dubai. There are no limitations of leasehold or freehold areas for them.

Expat real estate investors

Expats can only buy Dubai property in designated communities which are called freehold areas. Expats may lease a property for up to 99 years in a leasehold, but the ownership of the property will revert back to the landlord at the end of the lease period.

The general laws for real estate transaction in Dubai are the same for locals and expats however, locals are allowed to buy real estate in leasehold areas as well.

Purpose of your investments

Before investing in real estate, you have to decide on what is the purpose of the investment? There are two types of real estate buyers: end-users and investors.

End users are the ones who would like to purchase the unit and live in it. Investors, on the other side, are chasing a different goal. They are looking for a return on investments and not aiming to keep the house for themselves.

As the purpose of the investment may wary you have to look for a different type of property. The location will differ, as well, as one of the key points when it comes to ROI is the location of the project.

Off-plan projects have higher ROI comparing to ready units. Value of the property increases closer to its completion. That is why property buyers prefer to invest in an off-plan project and re-sell it or rent out, later on. It is one of the best and fastest ways to generate a high return on investments.

Do your research

Before choosing a property to invest in – make your research on Dubai real estate current situation, developers and coming trends. The future forecast will play a significant role in your final decision. It will help in deciding on the property type you should go for in order to gain a high return on investments.

Choosing the right developer will bring you peace of mind in terms of the finishing and overall quality of the property. It is something you can not compromise on as real estate investment is a long-term asset and should be thought through carefully.

How to choose the desired area?

Depending on your investment goal, whether you are end-user or investor – choose the right location of your future property. Dubai real estate market is expanding. Downtown is developed and the majority of projects are completed. Those which are still under construction will have a high price and relatively lower return on investments. As prices and rent in Dubai downtown and nearby areas are high people will take a second thought on such investment and consider outskirts or a bit further area from Dubai downtown as a better option. As an investor who aims for high ROI take into consideration such areas as Silicon Oasis, Internet City or Motor City.

Research on future trends, population, and economy of the city is a must. As an example, a few years ago people used to invest in big apartments and villas as many families were coming to Dubai. Nevertheless, this trend has changed. In the past few years, Dubai residents started leaning more towards smaller apartments. The main reasons are increased in single expats and higher cost of living. Due to this change Dubai real estate developers are concentrating more on small units such as studios and 1BR. It will attract more buyers and guarantee project investment.

If you are planning to invest in Dubai real estate now and aiming for a high return on investments – consider investments in an off-plan studio or 1BR apartments.

Additional charges

Invest in Dubai real estate and pay only AED 700,000. Such types of advertisement you can see every day. Those investors who are not familiar with the real estate market may think that this is the only cost they have to cover in order to get the desired apartment. Nevertheless, it is not the case, when it comes to real estate investments.

Agent’s Commission

Property purchase, whether it is done with the developer or real estate agency, involves a real estate broker. Real estate broker’s commission comprises of 2% from the total property value.

Dubai Land Department

Registration fees by Dubai land Department (DLD) for issuing Title Deed comprises of 4% from the total property value. This payment has to be made in the form of Manager’s check.

Registration Trustee Fee

Additional payment should be done in order to transfer property ownership from one owner to another. This fee depends totally on the purchase price. In case the purchase price is less than AED 500,000 the trustee fee will be AED 2,000. Nonetheless, if the purchase price is more than AED 500,000 the trustee is AED 4,000.

Market trends

Knowledge is the key. The right knowledge is real power. By having all needed updates and details on the current real estate market situation and future forecasts you will be armed with the right knowledge. It will help you to make the right decision on future investment. Everything takes time. Real estate investment requires responsible and thought through decision.

If you are planning to invest in Dubai real estate market but haven’t decided on what type of the unit or location to choose – contact one of our property consultants, at Universal Prime Real Estate. we will be happy to assist you and answer any question.

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Dubai investor visa and needed documents

Dubai investor visa became one of the most discussed topics due to newly implemented rules and regulations. In order to attract more investors to the city, the government has implemented a 5-, 10-years Dubai investor visa. It will ease investor life and bring more opportunities when it comes to business set up and real estate investment. Dubai investor visa is another step towards improving the life of Dubai expats. But who can obtain Dubai investor visa and what are the different types of it?

 Who can obtain Dubai investor visa? 

There are certain limitations when it comes to Dubai investor visa. There are two main categories of people who can be eligible for Dubai investor visas such as investors in Dubai real estate or entrepreneurs, business owners. Even though being an investors or entrepreneur does not guarantee Dubai investor visa. In order to be eligible for the visa, your investment in Dubai real estate should be AED 1 million or above. When it comes to business owners – the cost of the business project should be equal or more than AED 500,000. Depending on the amount of the investment, an investor can be qualified for 3-, 5-, or 10-years Dubai investor visa. So, what requirements should be met in order to be eligible for an investor visa?

 Types of Dubai investor visa for real estate investors 

Depending on the type of your activity (real estate investor or entrepreneur) you can obtain 3-, 5-, or even 10-years investor visa. What requirements should be met if you are a real estate investor?

 3 years Dubai investor visa 

In order to be eligible for 3 years investor visa, your total investment should be AED 1 million or above in one property out of maximum 3. An investor is eligible for property visa against Dubai property as long as the purchase value is AED 1 million or above and an investor has paid off 50% mortgage. If the property is financed, an investor should be mentioned as the owner of that property as if the bank is mentioned as the owner – visa application can be rejected.

 Acceptable Properties for Dubai Property Visa:

Apartment;

Services Apartment;

Villa/ Townhouse;

Hotel Apartment;

Hotel Room;

Office;

Warehouse.

Note: The property should be in a freehold area. If you have purchased (leased) property in a leasehold area, you are not the rightful owner of that property. Your title deed, in this case, will specify for how many years you have leased the property

 Not Acceptable Properties for Dubai Property Visa:

Leasehold Property

Off-Plan Property

Disputed Property

 5 years Dubai investor visa 

If your total real estate investment is 5 million and above, you can obtain 5 years Dubai investor visa. One of the main advantages of this visa is that it is an open visa. It means that investor does not have a minimum time limit for which he must remain in the UAE to keep the visa active.

 10 years Dubai investor visa 

This type of visa requires an investment of AED 10 million and above. Investors in public investments through a deposit, an established company, business partnership - as long as non-real estate investments are not less than 60% of the total investment. The new visa is an open one. There is no minimum time limit for which the investor must remain in the UAE to keep the visa active.

 Types of Dubai investor visa for entrepreneurs 

An entrepreneurs or business owners are eligible for 5 years Dubai investor visa. There are two categories of entrepreneurs who can get 5 years visa.

Those having a previous project with a minimum of AED 500,000, or having the approval of an accredited business incubator in the country.

Entrepreneurs will be granted a 5-year visa with a possibility for upgrading to an investor visa provided they meet the requirements. Main benefits of the entrepreneurial visa cover entrepreneurs, partners, 3 executive directors, spouse, and children. The entrepreneur is allowed entry into the country for 6 months, multiple-entry visa period, with renewal for another 6 months. New visa is an open one which means there is no need to enter the country every 6 months in order to keep it valid.

An additional advantage of the entrepreneur’s visa is that it can be upgraded into real estate investor visa, only if needed requirements are met by the investor.

 Needed documents for entrepreneurs or business investors 

Passport copy (color)

One photograph (white background)

Memorandum of Association Copy (for LLC)

Trade License Copy

Partners List (in case of the partnership of LLC)

Service Agent Contract Copy

Partnership Contract Copy

Original Emirates ID of Partner / PRO

Immigration Establishment Card Copy

Document required for Medical

Typed Application for Medical Check-Up

Copies of Passport

Copies of Visa

2 Photographs (white background)

Documents required for Visa Stamping

One photograph (white background)

Typed form for Emirates ID

Original Visa

Original Medical Certificate

Passport

Immigration Establishment Card

LLC Agreement (for LLC)

License (Commercial License, Professional License, etc.)

Partners List Copy

 Needed documents for real estate investors 

Documents Required for 6 Months Dubai Property Visa

Original Title Deed

Original Passport

Conduct Certificate from Dubai Police

NOC from Developer

Current Visa Copy

1 Passport Size Photo (white background)

NOTE: The above documents have to be submitted in General Directorate of Residency and Foreign Affairs Dubai.

Documents Required for 3 Years of Dubai Property Visa

Original Title Deed

Original Passport

Good Conduct Certificate from Dubai Police

Current Visa Copy

1 Passport Size Photo (white background)

Whether you are an investor or entrepreneur, you can obtain Dubai long-term investor visa of 3-, 5- or 10 years, depending on your total investment.

For more information contact our specialist at info@universalprime.ae or 04 277 8034.

[universalprime-blog]

Dubai real estate investment for end-users and investors

Real estate investment is relevant, at the moment, like never before. Taking into consideration that Dubai real estate market is going through the stage of stabilization. Even though prices went down on all real estate segments (off-plan properties, ready units, and rentals) the situation will improve by the end of 2020. The main boosts are Expo 2020 and governmental newly implemented rules and regulations.

Whether you are considering real estate investment from the investor’s point of view (off-plan or ready unit) or as an end-user, Dubai real estate investment is the best decision you can make, at the moment. Let’s take a look at the latest stats and figures.

 Dubai real estate market. Current situation 

Dubai was ranked as the 3rd most affordable city when it comes to the real estate investment in prime homes, according to the latest research. According to the Worlds Cities, Prime Residential Index Dubai is one of the most affordable cities for purchasing prime residential property. Dubai real estate investors see this city as the best opportunity in getting a good return on investments and as an additional source of income. That is the main reason real estate investors invest now, in Dubai real estate, and keep their property for as long as they can. The market stabilizes when the prices will go up. It will be the best time in obtaining the desired return on investments.

 Why should you consider Dubai real estate investment?

It is the best time to acknowledge Dubai real estate investment. Dubai real estate developers have numerous attractive offers.  You can get from 2-3 years payment plan to 3-5 years post-handover payment plan. For example, if a developer offers 5 years post-handover payment plan the buyer pays 40% till handover. Remaining 60% can be paid as an installment for up to 5 years. This type of payment plan will benefit both, investors and developers. Post-handover payment plan will increase a buyer’s return on investment accordingly.

Important points to be considered by those who want to invest in Dubai real estate. Dubai government has implemented new rules and regulations such as a gold card for investors, 5, -10 years investor’s visa, and 100% free ownership. The main goal of these regulations is to create a favorable atmosphere for those who are looking for real estate investments. Whether you are end-user or an investor – Dubai real estate investment, done now, will only benefit you in the near future.

 When is the right time to invest in Dubai real estate?

If you are looking for a property to invest in, as an end-user, it is one of the best times. Dubai real estate market has a huge variety of different real estate projects which can satisfy any type of investors. Whether you are looking for an apartment, villa, affordable or luxury unit – Dubai real estate market has everything you need.

 Dubai real estate investment for end-users. 

Prices of Dubai real estate is still declining. Nevertheless, we can hear more often than it is cheaper to own an apartment in Dubai, rather than rent it. It is extremely relevant for those people and families who made or planning to make Dubai their second home. Numerous offers and easy payment plans made it possible for people to invest. Even those from the middle class got an opportunity to own an apartment in Dubai. Easy payment plans allow them to pay off the full price during a certain number of years (depending on the developer’s offer).

Possibility of owning an apartment, high quality of life, and security make Dubai one of the most attractive destinations for real estate investors, whether you are an investor or end-user.

 If you are looking for Dubai real estate investments – contact property consultants from Universal Prime Real Estate. Call us at 04 277 8024 or drop us an email at info@universalprime.ae.

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Off plan deals Dubai

Off plan real estate market, in Dubai, developing very fast. Due to upcoming Expo 2020 developers launched a number of projects, back in 2016-2017, in order to satisfy the increasing demand in housing, by 2021. As a result, prices have dropped down. In order to attract investors and stand out among other competitors Dubai real estate developers started implementing attractive off plan deals and special offers. According to recent off plan deals, you can book off plan property by paying as little as 1% - 5%.

Before we start going into more details, it is crucial to have an understanding of what is off plan and what is the difference between off plan and ready unit or secondary market.

What is off plan?

An off plan property is an unconstructed property purchased directly from a developer or in some cases a first owner. In the case where the buyer is buying directly from the developer at the time of purchase the buyer usually pays a 10-20% down payment and signs SPA (Sales Purchase Agreement). Depending on which developer the rest of payments made can and do vary but are usually linked to construction. Some developers offer 2-5 years payment plan or post-handover payment plan. Post-handover payment plan means you can pay the remaining amount for your apartment after the project completion and after the apartment has been handed over to its owner.

What is a ready unit or on plan unit

Ready unit is a house or property that is ready for immediate occupancy. A property in this condition must be ready and must meet all requirements by the city or governing municipality.

Benefits of off plan project

1. Save money

While purchasing an off plan property you can pay the whole amount within a specific period of time, depending on the developer. Usually, this term can wary from 2 to 5 years, for any off plan project. In this way, you can become an owner of your own apartment without having or paying the full amount. What is more, some Dubai real estate developers offer a post-handover payment plan which eases the payment process for investors or end-users.

2. Sell while it is still off plan

Another advantage of investing in off plan unit is that you can sell it before the actual handover. It is a well-known fact that a ready apartment is more expensive, comparing to off plan. That is why, closer to completion date your off plan apartment can be sold for a better price.

3. Better ROI

Off plan unit is cheaper by 25% at least, comparing to ready one. That makes ROI higher, due to the lower purchasing price. If you are an investor – consider investing in off plan property.

4. New unit

Off plan unit is new. No one ever has lived there, and you will be the first one to put a foot in this apartment. For those who prefer new apartments – off plan is the right choice.

Top Dubai developers

When it comes to Dubai real estate developers and choosing the right project to invest in, you should consider top Dubai real estate developers, first. Why should you go for the main developers instead of smaller and not well known? The main reasons are:

Excellent reputation;

A huge number of satisfied clients;

Quality;

Image;

Reputable name;

Variety of projects and units;

Good locations.

These are the main reasons why you should consider investing with top Dubai real estate developers. Among them, we can highlight such names as Emaar Properties, Ellington Properties, Azizi Developments, Dubai Properties (DP).

Due to the increase of real estate projects and market saturation, developers are trying to stand out and come up with different property offers.

Emaar Properties

Emaar Properties is a semi-governmental developer. It is one of the world’s most valuable and well-known real estate development companies. Emaar Properties is infamous for such projects as shopping malls (Dubai Mall), retail & hospitality, acclaimed Burj Khalifa, dancing fountains and many others. Emaar shapes a new lifestyle with a focus on design excellence, quality, and timely delivery.

One of the recent Emaar off plan projects are Expo Golf Villas, Creek Edge, Sirdhana, Spring to name a few. These projects have very suitable and beneficial offers for investors and end-users. For more details – contact one of our property consultants.

Ellington Properties

Ellington Properties is a relatively new developer in Dubai real estate market. Nevertheless, it is a truly customer-focused developer, managed to earn back the love of investors and those who value design and originality. Ellington develops classically beautiful residences in Dubai, working closely with the design and architectural teams, end to end. Among recent off plan projects, we can highlight Belgravia Heights, Wilton Park Residences, DT1. If you want to get full information on Ellington projects, special deals and offers – contact one of our property consultants.

Azizi Developments

It is a well-known developer in Dubai and other emirates of UAE. Azizi Developments has more than 200 real estate projects such as Riviera, Victoria, Furjan, to name a few. This developer is fully dedicated to understanding and meeting the client’s needs. That is why they have different projects, which can satisfy anyone. Azizi Developments attracted a huge number of investors due to its exclusive offers and attractive off plan payment plans. If you want to invest in one of Azizi Developments off plan or ready projects – contact us and we will be happy to provide all needed details.

Dubai Properties

Dubai Properties is a semi-governmental developer based in Dubai. It is a dynamic and forward-thinking organization which is committed to creating unique and renowned developments that provide a distinctive lifestyle for its residents. One of the biggest projects are 1/JBR, Villanova, Remraam, and Mudon. Dubai Properties have a different range of projects, from luxury towers on the seashore to cozy villas in a quiet community. With Dubai Properties everyone will be able to find their True Home! If you want to know more about any mentioned above projects – contact property consultant from Universal Prime Real Estate.

When it comes to real estate investments, especially off plan projects – reliability and reputation of the developer come first. Mentioned above developers are one of the top developers in Dubai with one of the best off plan offers and payment plans. Contact Universal Prime Real Estate and ask what the best offer in today’s real estate market are?

[universalprime-blog]

What is Dubai Expo?

What is Dubai Expo? This question is in the mind of many people. There are more questions than answers due to the lack of information and a big stir created by the government. One thing is sure that Dubai Expo will bring lots of benefits to the country and city. It will boost Dubai economy, improve Dubai real estate market, businesses and leisure. As it is expected that more than 25 million people will visit the city (during Dubai Expo 2020) more jobs will be created. In order for all these positive effects take place, Dubai government is improving the economy and infrastructure of the city.

Before jumping into Dubai Expo 2020 let’s take a look at first Expos. How Expo exhibition evolved throughout the years and what does it stands for, now.

History of Expo

The World Expo is an event when people from different countries used to gather in one place and showcase their products and craftsmanship. The main goal was to share information and culture of their hometown. The first exhibition of this kind took place in Persia, in the XVth century. By the end of the XVIIIth, century exhibitions started taking different shapes. It was organized similar to the bazaar, where products only displayed but not sold.

First World Expo

The World Expo represents the cultural heritage of each nation. It reflects an understanding of industry, science, technology, culture. At the same time, the World Expo showcases the history of people and an evaluation of the civilization they created.

First recognized World Expo took place in London, in 1851. It was called “Great Exhibition of the Works of Industry of all nations”. 10 countries were invited to participate in this event, which attracted more than 6.3 million visitors.

Chicago Expo

Chicago Expo left a significant impact on the World Expo, in general. This Expo was held when the USA was recovering from the Great Depression (the 1930s). The city was celebrating 100th anniversary since its foundation. Chicago Expo differs among others as this is the first Expo which was given a theme – “Century of progress”. What is more, this Expo started a new trend. Large corporations were allowed to build their pavilions in the Expo Site, a practice welcomed by both entrepreneurs and visitors.

Brussels Expo

Brussels Expo (1958) took place after World War II. It was a difficult time for people as they were recovering after the consequences of the war. These events reflected in the theme of the Expo which was “A world view – A new humanism”. It symbolizes shift from technology-centered ideas to humanism.

The transition of the World Expo

In the XXI century, comparing to XXth Expo experienced drastic changes. It became more human and nature-oriented. From concentrating on the city’s development and infrastructure, Expo began to pay attention to global issues. Since then, World Expo has been viewed as a bridge, improving relationships and resolving contradictions.

What is Dubai Expo 2020?

Dubai Expo 2020 is the first Expo which will be held in the Middle East, Africa and South Asia. It is expected to be one of the most important events in exposition history. Upcoming Dubai Expo 2020 will open on October 20th. It will last for 6 months, until April 10th, 2021. The theme of Dubai Expo is “Connecting Minds, Creating the Future” with subthemes Sustainability, Mobility, and Opportunity.

The perfect location has been chosen for Dubai Expo 2020. It is located between Dubai and Abu Dhabi, in Dubai South area. Dubai South is close to Al Maktoum International Airport. New Dubai metro route 2020 will be able to take passengers from Dubai Expo 2020 site to any part of the town.

What to expect from Dubai Expo 2020?

As His Highness Sheikh Mohammed promised that Dubai will “astonish the world,” in 2020. And there are no doubts every single visitor will be amazed by this exhibition. Al Wasl Plaza will be the heart of Dubai Expo 2020. Important events such as opening and closing of the exhibition will be held there. The dome will be 65 meters tall and filled with fountains, waterfalls, parks and palm-lined courtyards. It is planned to have 3 different pavilions Sustainability, Mobility, and Opportunity. All pavilions will have its own unique design. Each participating country will have its own pavilion, as well.

Legacy of Dubai Expo 2020

Dubai Expo 2020 is expected to boost Dubai economy and bring it to a totally different level. The government of Dubai explains it as following: “We hope to stimulate the development of a knowledge economy here in Dubai, anchored to the Expo site itself, which will continue, after the event, to be a destination that attracts visitors, students and companies and is home to a combination of organizations including strategic industries, specialized technology companies, social entities and education facilities.” More than 80% of the site is planned to be reused or repurposed in the legacy phase.

Dubai South is a master-planned community which will eventually play a major role in Dubai's future economy. Dubai South, as it develops, will have various districts including residential, commercial, logistics, aviation, humanitarian, exhibitions, and an international airport. The Dubai Expo 2020 site will be located within Dubai South.

The Government of Dubai projects that by 2030, 35% of Dubai's GDP will be contributed by Dubai South. In addition, it is being projected by 450,000 jobs will be created in the area over the next 10 years and will be home to 1 million residents. Fundamental demand drivers for Dubai South are trade, aviation, and logistics.

Dubai Expo 2020 is more than just an exhibition. It will build a new city in Dubai South that is planned to stay there and work as a catalyst for many other plans. A conference and exhibition center will be a key building in the Expo master plan and will become a major event venue to be operated by Dubai World Trade Centre.

The organizers of Expo in the XXIst century wish to review the process of how people are using wisdom and technology to reconnect themselves with nature, from which they have been moving away. The Expo is still full of life and will play an important role in promoting world peace and development.

[universalprime-blog]

Dubai apartment for investment

Dubai apartment for investment should be chosen wisely. Investment in real estate does not bring fast results or profit. It is a long-term project which has to be planned and executed properly for maximum return on investments. Before considering any kind of a real estate investment you should get knowledgeable about the current situation of Dubai real estate market.

Getting ready for the upcoming Expo 2020, numerous Dubai real estate developers started launching projects. As it is expected that more than 30 million people will be visiting Dubai during the period of Expo 2020 (October 2020 – April 2021), majority of developers planned to hand over their projects before the end of 2021. Due to high projected supply and lower demand, Dubai real estate market faced price decline. Nevertheless, Dubai real estate market will pick up in the next 1-2 years. That is why it is important to invest in Dubai apartment, now.

Dubai apartment for investment and best location

It is not that difficult to find suitable Dubai apartment for investment. Everything depends on your end goal (end user or investor) and the location itself. If you want to go for Dubai apartment for investment as an end user, you should consider such locations as downtown and Jumeirah. Nevertheless, if your end goal is to gain profit as an investor, you should check Discovery Gardens, JVC, Motor City, etc.

Dubai Marina

Dubai Marina is a home for many European expats. One of the main reasons are relatively new area, water canal, and breathtaking towers. Up until now, Dubai Marina is one of the most popular areas when it comes to investment in apartments because it is located near business offices in Dubai Media City and Dubai Internet City. It serves as an attraction to many businesspeople, who prefer to be near their workplace and in a prestigious neighborhood that provides plentiful community amenities and the famous Dubai Marina Walk.

Business Bay

Did you know that Business Bay has the second name? Being a well-known business hub, it is set to become the Manhattan of the emirate. Located in Dubai downtown, it attracts lots of investors due to numerous offices. This area will always be in demand, whether it is rent or purchase.

Al Barsha Heights

Al Barsha Heights situates close to Media City which hosts multinational and Fortune 500 companies, which include BBC World, Microsoft, HP, CNN, Reuters, CNBC, Vodafone and more. It has numerous residential buildings suitable for anyone seeking to invest in Dubai. It is a top choice for visitors, because it is set in the heart of ‘New Dubai’ and considered a business hub. The perfect location makes it easily accessible from any other area in Dubai. Constant development gives endless opportunities for investment.

Dubai Sports City

Dubai Sports City was launched in 2003 as Dubai’s sports center, hosting academies in golf, cricket, hockey, football, swimming, and rugby to name a few. Close to Dubai’s major roads, and only 15 minutes away from the much-anticipated Expo 2020 pavilion. It is a recommended choice for investors as millions of visitors are expected to arrive in Dubai for the Expo 2020.

Due to recent market conditions prices on properties went down for both off-plan and secondary markets. As developers started concentrating on more affordable units for end users and investors (studio, 1-,2-bedroom) people started moving from big apartments into smaller ones. Owning became easier than renting. Dubai Sports City is still a young area which is developing rapidly. Due to its popularity and growth, it is one of the most attractive areas when it comes to investments.

Jumeirah Village Circle (JVC)

Considered as one of the fastest growing locations in Dubai, the Jumeirah Village Circle (JVC) has a good location when it comes to nearby areas and easy accessibility. It is also a short drive from the Expo 2020 pavilion and Dubai’s major business attractions. In the first three quarters of 2015, it was ranked the 2nd highest for move-in rates in Dubai. It is just 20-minutes away from the Al Maktoum International Airport. According to Bureau International des Expositions, Expo 2020 will be attracting millions of visitors. JVC’s central location is expected to increase demand for hotel rooms during Expo 2020 which will boost investment in Dubai. Another advantage is that rent will grow in the coming 24-36 months as the market improves. In terms of yield, properties offer between 15%–20% more space comparing to The Springs, and around 15%–20% cheaper to purchase.

Dubai apartment for investment and the best ROI

When it comes to Dubai apartment for investment, ROI is the major deal maker. Each Dubai area has a different ROI. Depending on what you are looking for and what is the end goal you can choose a suitable location.

According to the research, conducted by Bayut, there are 10 locations in Dubai which can be considered as a profitable investment option, for Dubai apartment investors. According to the obtained results, we can shortlist the following areas:

Dubai Marina – 6.4%

Downtown Dubai – 5.4%

International City – 9.7%

JVC – 6.7%

Palm Jumeirah – 5.3%

JLT – 7.7%

Dubai Silicon Oasis – 7.6%

Dubai Sports City – 7.9%

JBR – 6.3%

Business Bay – 6.4%

Dubai Marina and Dubai Downtown still hold their position strong as one of the most attractive places to invest in. Taking into consideration current market trends International City, Dubai Sports City, Dubai Silicon Oasis and Motor City are among top preferences when it comes to real estate investments.

International City, on the other side, is the 3rd-most searched area for apartment sales in Dubai. Prices for studios stays the same, comparing to 2018. Nevertheless, for those who want to invest with more profit, 2BR apartments in International City is the answer. Prices have risen by 1.4%, increasing from AED 690,000 to AED 700,000 in the first quarter of 2019. A similar trend has also been noticed in other affordable areas like Dubai Sports City, where 2BR units have seen prices jump by 3%.

While property prices in Dubai have decreased over the last quarter, the changes have been modest. Dubai apartment for investment stays the most profitable asset, comparing to villas and townhouses. Current Dubai real estates market conditions such as price decline, oversupply and people’s shift towards new Dubai areas remain investment even more profitable. Taking into consideration Expo 2020 and the expected a rush of tenants Dubai apartment stays a hunk of burning.

Invest in Dubai apartments with Universal Prime Real Estate. Contact one of our property advisors for more information on which location to choose for future investments.

#Dubai #DubaiRealEstate #UniversalPrimeDubai #RealEstate

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Dubai real estate rules and regulations

Dubai is a well-known touristic, business, and investment hub. Due to the economic and political situation, many businessmen prefer to invest in Dubai. This city is developing rapidly and always seeking for new ways on how to bring more opportunities to Dubai investors.

For the last few years, buyers and investors are taking interest to invest in Dubai properties. Due to the rapid increase in real estate investments, the government designed and implemented a number of Dubai real estate rules and regulations for real estate investors. Dubai real estate rules and regulations address many legal issues to selling, buying and owning Dubai property. The main aim is to protect real estate investors’ interests to make the investment process fast and easy.

Dubai Land Department

Dubai Land Department (DLD) established in the 1950s as the Land Registry Department. It was the first entity to handle properties and ownership affairs until HH Sheikh Rashid bin Saeed Al Maktoum, one of the Founding Fathers of the UAE, established the Land Affairs Commission. He granted it the authority to document and audit certificates, examine and map properties.

Main objectives of DLD

Dubai Land Department (DLD) seeks to achieve the objectives of Dubai Government’s strategy in the real estate sector and improve land registration procedures according to latest international systems and practices in the real estate sector. It is aligned with a framework of strategic objectives to plan and develop an integrated strategy to enhance the real estate industry in Dubai. The strategy will also help to improve the sector’s control and monitoring competency, oversee and develop its leasing regulations. It will also encourage investments by establishing appropriate environments to promote the role of real estate in Dubai’s comprehensive development plan.

DLD Services

The main goal of DLD is to make sure that all of the related tasks to Dubai real estate rules and regulations are covered and taken care by the government. The DLD offers more than 26 main services and 216 sub-services to customers in the real estate sector. All services include land and title registration, registration and licensing of real estate professionals, and developing a regulatory framework to attract and effectively manage investments. Furthermore, the DLD complies and publishes on a weekly and monthly basis to allow investors to keep track of current real estate prices in Dubai.

Vision and Mission

The vision of the Dubai Land Department (DLD) is to provide a perfect investment-friendly environment based on international best practices that safeguard the interests of all stakeholders in the real estate market.

The mission is to create an innovative and sustainable real estate environment which will promote Dubai as the world’s happiest city through:

Smart services;

Professional human and financial recourses;

Integrated real estate legislation.

Real Estate Registration Agency (RERA)

RERA has the main responsibility of putting legal Dubai real estate rules and regulations on all real estate related activities of developers, brokerage companies and owners associations. It also issues licenses to developers, brokers and rules & regulations for the registration of off-plan sales in Dubai. RERA monitors all project of developers from financial and technical aspects in order to protect the wider interest of the market and investors. Another task of RERA is to monitor compliance of developers, brokers, and other licensed real estate professionals with applicable Dubai real estate rules and regulations and imposing penalties for violations, including cancellation of projects.

Who can be a real estate owner, in Dubai?

For many people buying a property in Dubai is a must, even though it used to have its own complexities. Due to great interest from international investors, new Dubai property law has been announced which gave an opportunity to freehold leases of Dubai property for 10 to 99 years lease in specific areas. It started attracting more investors to the country and gave an additional push to economic growth.

Why should you be aware of Dubai real estate rules and regulations?

Real estate is a big and long-term investment. It requires proper legislation knowledge.  Dubai real estate rules and regulations are changing and always improving in order to make the investment process easier for international businessmen. Right knowledge gives the opportunity for the right and safe decision.

In order to invest a person should obtain a residential permit to live in the UAE. Buyers only need to sign a contract while purchasing a property. In most cases, depending on the payment plan, buyers are required to deposit 10%-20% as a down payment. If you are going to purchase an off-plan project you will have to make payments in installments. In purchase agreement in Dubai, you can transfer the amount to the third party or vendor. If a buyer is making payment via a vendor, he needs to pay 2% of the total property price as a fee to a vendor.

When it comes to real estate investments Dubai government takes direct control on the project development, documentation, registration and money transfers. It secures and protects an investor’s interests. In terms of money transfers, all of the payments should be done through ESCROW account.

Dubai economy and real estate sector

Dubai is one of the most popular and well-known cities, in the UAE. Its economy developing fast as it is not based on oil, rather on tourism and financial services. Due to the recent financial crisis, which affected UAE as well, Dubai real estate market growth slowed down, slightly. Property prices have decreased which opened even more opportunities for Dubai investors. This time can be considered as one of the best to purchase a Dubai property. In order to make a profitable and successful deal, every investor should be aware of the main Dubai real estate rules and regulations.

Real estate law number 7

Real estate law number 7 allows foreigners to obtain property ownership on rent or lease.   The duration of property lease for any property is around 99 years that must get approved by the State Government of Dubai.

Rental property laws

According to the rental property law, the tenancy agreement should be signed for 1 year between a landlord and tenant. A landlord is not allowed to increase rent, during the validity of the contract. Rent price can be changed only during the contract renewal. What is more, landlords are not allowed to increase rent for more than 15%. In case of any dispute between renter and homeowner, they need to file a case to the municipality’s rent Control Committee.

Inheritance property law

Inheritance property law is quite complex as compared to other Dubai property laws. If a deceased asset owner holds membership of other nation, then inheritance law of UAE also consider the law of other nation. It becomes more complex to decide inherited owners if a homeowner holds dual citizenship of two countries other than UAE. A valid will that fulfills all the legal standards of UAE and Dubai is essentially required to assign estate to legal beneficiaries. In the absence of a legal will, it is an Interstate Court decides how a property should be divided among recipients or state will owe that property. That’s why foreign investors and buyers must have a valid will to save their asset for their families.

The legal part of real estate investments is a must, in order to make the right decision when it comes to investments. If you are planning to invest in Dubai real estate – contact Universal Prime Real Estate. Our investment consultants will be able to provide full information on recent Dubai real estate rules and regulations and help you to make the right investment decision.

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Will Dubai real estate market crash?

Dubai real estate market witnessed major developments which include new laws, initiatives and projects announced. While prices on properties are still declining, governmental innovations in terms of visas, investments and business opportunities gave more freedom for investors to consider Dubai real estate market as an investment opportunity.

Over 19,700 units have been delivered year to date. Prominent deliveries include Bluewaters Residences, Damac Heights in Dubai Marina and multiple projects in Nshama Townsquare and Akoya (Damac Hills).  

Dubai real estate secondary market

2018 was a good year for Dubai's secondary real state market. While residential off-plan sales have been low (-32% compared to 2017), there has been a rise in transactional activity in the ready space.

Market correction occurred as property prices have adjusted to the increased supply. This benefits consumers who may have previously aspired to own a property but was priced out, and we're happy to see long-time UAE residents begin to invest and buy properties as an alternative to renting.

Governmental support

Dubai government aims to attract more investors to growing Dubai real estate market by implementing different strategies which will benefit investors in the long run. Among the main governmental initiatives are:

5-, 10- year visas;

100% foreign ownership;

Long-term residency.

Due to the numerous projects launch, some developers delay handover. Dubai government secured investors by implementing new regulation. According to DLD, developers who delayed handover for more than a year must pay investors an equivalent amount of 1-year rent.

A reform-oriented government continues to be the main driver of the Dubai real estate market growth. Local and international investors build more trust in this market and government in general.

Residential capital values

Overall residential capital values for existing freehold properties declined 11% annually and are 22% below their 2014 peaks. However, not all areas performed equally.  The highest annual declines of more than 15% came from Business Bay, International City and Jumeirah Islands, locations with less than 6% declines were villas in Palm Jumeirah, Emirates Hills, and Al Furjan.

The rental market has become a tenants' market

Landlords have moved from accepting only one cheque to accepting up to 12 cheques. Macro-induced crunch on the consumers' purchasing power had prompted a fight for affordability in both the rental as well as the sales markets. It directly boosts the retail, insurance and banking sector as more people continue to call Dubai their permanent home.

The shift towards domestic end-users rather than investors took place, as well. Developers offer innovative self-funded payment plans directly to their purchasers, outside of the traditional mortgage market.

What is the current situation of Dubai real estate market?

At the moment, the Dubai real estate market is experiencing a decline in prices. The drop in the market of around 25% blamed on the oversupply of high-end luxury developments and falling oil prices.

Despite the decline in property prices in Dubai, several new initiatives were announced to improve the market sentiment and provide tangible returns.

One of the new regulations will see banks provided with more flexibility in terms of lending to real estate investors, which in turn will boost the market.

Developers are also focusing more on affordable units for the middle class, aimed at persuading renters to become buyers. They aim to create a community rather than just a single building. Some developers are following the trend when it comes to creating spaces that people can live, work and entertain themselves within.

Market stabilization

According to Dubai real estate market experts, the market will start stabilizing in 2020 only. It is expected that more than 30 million people will visit Dubai for the Expo 2020. Among these 30 million, 70% will be from outside the UAE. The excessive supply will find its buyers and tenants. Implemented governmental changes only stabilize the Dubai real estate market and give an additional push towards its improvement.

Dubai real estate market is going through cycles, like any other market. Comparing to GCC real estate markets, Dubai is ahead of the curve which means that the worst situation passed. Today’s real estate market is on its way to stabilization.

Despite all rumors that Dubai real estate market will crash – it's improving constantly. Due to governmental immediate initiatives and support the situation didn’t get worse and handled properly. What can we expect in 2019? The prices will be still dropping, but not that rapidly. By 2021 Dubai real estate market will stabilize.

What are the future trends and what should we expect? If you want to get more details on the future of Dubai real estate market – contact one of our property advisors. They will be able to provide all the needed details regarding the market situation and investment opportunities.

[universalprime-blog]

Dubai real estate and why buyers are interested in its future?

Dubai real estate market was always an attractive alternative for real estate investors. One of the main reasons is a stable economy and a great geographical location of UAE. But is it enough to make a decision when it comes to real estate investments? Dubai real estate market has a lot to offer, despite the current market situation. The market is on its way to stabilization and it will improve in a short period of time due to recently implemented governmental laws and regulations. But what exactly makes Dubai real estate so attractive for international, and local, investors?

Governmental support of Dubai real estate market

During 2018, governments across the Gulf have introduced several initiatives to support real estate markets. The UAE has reduced government fees down to 2.5% of the annual rent of commercial establishments from 5% and relaxed regulations around foreign ownership in businesses located outside of free zones. It has also approved a long-term residency visa program, which offers 5 to 10-year resident visas for foreign investors who invest between AED 5 million to AED 10 million in real estate projects. Such changes will positively benefit the Dubai real estate market as opens more opportunities for investors and businesses.

Numerous real estate projects

Dubai real estate market is booming. A number of new affordable projects, concentrated on the middle-class investors, has been launched. It gives an opportunity for people to shift from rented apartments and start owning their own place. Wide variety of properties allows the future investor to choose the most suitable unit according to their budget and preferred location. Nowadays, even one of the most prime locations can have units, affordable for everyone.

Expo 2020

It is expected that more than 30 million people will visit Dubai during Expo 2020 which will take place between 20th of October 2020 and 10th of April 2021. Among all expected visitors, a good number of them will eventually settle in the city even after the event is over. It will boost the economy of Dubai and bring more opportunities to Dubai real estate sector, in particular.

City’s vision

Dubai is a place which everyone wants to visit. This city has everything one can think of. World’s tallest building, the world’s only 7-star hotel and the tallest hotel in the world. Once we thought that’s impressive and enough, the city came up with the design of even a taller building, Creek Tower, to break its own record which is set to be completed by 2020. The government of Dubai has set a plan to establish Dubai as the city of the future. Dubai implementing all the latest technologies to make the life of its residents easier and more exciting. The vision of Dubai rulers is to create a perfect environment for its residents, regardless of their nationality, profession or age. Every single person should be happy and free, living in Dubai. This is the main goal and development course in the city.

Dubai is one of the best places to live in. The growing economy, increasing population, safety, and numerous real estate investment opportunities make this city number one destination for the majority of real estate investors. Recently implemented rules and regulations, related to Dubai real estate investments, added even more confidence for international investors.

If you are considering investing in Dubai real estate market – contact one of our property advisors. Universal Prime Real Estate will be happy to share all the benefits which are waiting for you, as an investor.

[universalprime-blog]

Investment in Dubai real estate with the highest return on investments.

What is real estate? Majority of people see it as an apartment which they can call home. Nowadays, real estate gained slightly different image. Real estate is not a luxury anymore, rather an affordable investment. Robert Kiyosaki described real estate investing, in his book titled -“Rich Dad, Poor Dad”, in this way: “Real estate investing, even on a very small scale, remains a tried and true means of building an individual’s cash flow and wealth”. Real estate became not the only measure of security but investment opportunity and prosperity.

When it comes to real estate investments the main factor that we have to take into consideration is the country or the city that you are planning to invest in. Economy and overall political situation of that part of the globe can determine future return on investments. Investment in Dubai real estate is considered as one of the most profitable investments, at the moment. Apart from being one of the fastest developing city with a growing economy, Dubai has a number of other reasons to be considered as an investment opportunity.

Value

Investment in Dubai real estate has always been an attractive investment opportunity for investors and business people from all over the world. One of the main advantages is definitely value for money. By investing in Dubai real estate, you will get exactly what you are paying for, or even more.

No property tax

Dubai is one of the few countries in the Middle East with 0 property tax. It serves a great purpose as it attracts investors from all over the world and creates a great opportunity for investment growth. That is why investment in Dubai real estate takes so much attention from within.

Expat / Tourist destination

Out of the total population of 9.2 million, the expatriates contributed to around 7.8 million with the Emirati Nationals holding a population share of 1.4 million. With a vast demographic variation, there are a varied number of nationalities who form a part of the majority of the expats in UAE especially Dubai and Abu Dhabi. Due to such a high concentration of expats, Dubai government tries to create enabling environment for their life, work, and property investment. Why is it so important? Here’s why: Expats come to Dubai for quite a long period, from 3 to 7 years, on an average. If the government creates a comfortable environment for them to live in, earn and invest they will stay in the country for longer. It will also boost the overall economy of the UAE.

Location

Unlike most other countries, UAE has a perfect geographical location. It makes it accessible and appealing for international investors. Dubai airport has direct links with almost all the world’s biggest cities. It celebrated its 1 billionth passenger, in 2018. Every year Dubai airport is visited by more than 80 million passengers. These numbers are good indicators of a city’s growth and development. Being one of the main touristic destinations, Dubai has a great base for growth and further development.

Expo 2020

More than 30 million tourists will visit Dubai for Expo 2020, which will be held in October 2020. This event will last for 6 months and bring numerous benefits to the city in economic, touristic, and financial perspectives. What is more, investment in Dubai real estate will be even more attractive due to offers and discounts.

Residency

Dubai government implemented, recently, numerous rules and regulations which made an investment in Dubai real estate easier and more attractive. By investing a certain amount into Dubai real estate, an investor will be eligible for the residency. What is more, 100% ownership will be granted to Dubai real estate investors. All these changes make Dubai one of the best destinations for real estate investors.

ROI

Compared to London or New York, Dubai has one of the highest return on investments. Return on investment, however, differs as per location of the project. Nevertheless, average ROI, in Dubai, can vary from 8%-12%, compared to 4%-6% in London or New York. Investment in Dubai real estate gives an opportunity to build portfolio, invest, build and grow business.

For more information on Dubai real estate investments contact Universal Prime Real Estate at 04 425 3935, or drop us an email at info@universalprime.ae.

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10 key reasons to invest in Dubai real estate with Universal Prime Real Estate.

Investments are never easy or speedy decisions to be made. It always requires preparation, relevant information, and market knowledge. Investment in Dubai real estate is a whole new world, for a non-experienced investor. Dubai real estate market offers a vast variety of off-plan projects and ready properties where it gets easy, to get confused. What is the current market situation you may ask? Whether to invest in off-plan or a ready unit? What location or a unit type would be better for a family? What projects can get high ROI? All these questions are dedicated to an experienced property consultant. Why do you need a consultant’s help? The answer is simple – the time is money. Property consultants save your time, especially if you want to invest in Dubai real estate with maximum benefits. If you are planning to invest in Dubai real estate market make Universal Prime Real Estate your guide. Here are reasons why you should seek help from Universal Prime.

1.Investor’s background

Universal Prime Real Estate Brokerage is a real estate consultancy which aims to guide those who would like to invest in Dubai real estate. Whether you are a beginner or an experienced investor, you should always get an expert’s advice at any investment stage. Real estate market in Dubai constantly changes, which makes real estate consultants stay updated on the recent market trends. But why would you trust Universal Prime Real Estate when you plan to invest in Dubai real estate? The main and most important reason is that we come from the investor’s background. The owner of Universal Prime Real Estate once started as an investor by investing in Dubai real estate. Doing it at the right time made him build a portfolio, increase income and launch independent businesses. Investments in real estate can cause great losses if you don’t know how to do it in the right way.

2.Market knowledge

Before preparing a new meal, the chef has to check the exact recipe to know the needed ingredients and procedure to ensure that the end product is perfect. The same rule applies to real estate investments too. Proper market research comes before making any final decision. You want your real estate investment to bring you maximum profit. Make sure that you are aware of all market trends and recent changes. Knowledge is the key. The help of a specialist is a must if you want to make the right investment.

3.Consultancy

What do you need to know to invest in Dubai real estate market? A number of questions should be answered such as: What is the current market situation? What is the economic situation of the country? What developers can you consider as reliable? What are the new projects, etc.? Many investors do their market research in advance, but nothing can substitute an expert’s knowledge who is working in real estate 24/7. Consultation from a real estate expert is worth a lot. An investor will have updated market information, plus priceless experience of previous deals. Consultants will be able to guide an investor throughout the whole process avoiding all possible mistakes. Investment in real estate, with the help of an experienced consultant, will be done faster, easier, and with the maximum profit for the investor. That is why Universal Prime Real Estate issues regular training for consultants and provides them with all needed updated information related to Dubai rules and regulations. The professionalism of our consultants is our power!

4.Dedicated team

Great things in business are never done by one person. They are done by a team of people. At Universal Prime Real Estate, we chose only the best professionals in the field. We strongly believe that having the right people sharing the same company values are the collective key to success. Only by having the same vision and future goals can team progress and move forward.

5.Variety of real estate projects

What is the one major difference in investing through a developer and a brokerage? The variety of projects. If you are planning to invest in Dubai real estate through a developer – you will be tied up to a specific project and location. When, by investing through brokerage, an investor can pick and choose any real estate project he thinks will benefit him the most- depending on the price, ROI, location and other preferences.

6.Trusted real estate brokerage

Universal Prime Real Estate believes that only hard, consistent work and knowledge share can bring value to the client. Since the very beginning, Universal Prime Real Estate helped a lot of people find their “new” home and invest in Dubai real estate with high returns on investments. We highly value knowledge and believe that quality always prevails over quantity.

7.Ease of the investment process

What does an investment require? Many people who are new to real estate investments may think that once you transferred the money the deal is done. Nevertheless, it requires additional paperwork and documentation. With the help of a professional, investment process will go faster and easier. As real estate consultants, our task is to ease the process and make it a pleasant experience for our clients.

8.Extra services

While working in real estate and dealing with many investors, we expanded our services. Apart from providing consultation on real estate investments and helping clients invest with high ROI we go an extra mile providing other related services. Did you buy a property and now want to rent it out? Universal Prime Real Estate will provide a full property management service. If you bought a new apartment and would like to arrange moving and packing – our team can assist you with it as well. By understanding our clients and their needs, we are trying to speak the same language by arranging the required services for investors. Property management, investment consultancy, legal advisory, and many other services are provided by Universal Prime Real Estate. You name it - we have it. A full spectrum of real estate services is only a call away.

9.Future vision

Receiving benefits from real estate investment always takes time. You should not expect an immediate profit after transferring money for your new apartment. If you are an investor and planning to sell your apartment in order to gain profit be sure that it won’t happen overnight. It is important to know the market, be able to forecast it and understand when the right time is to sell the unit in order to get maximum benefit. All this can be done by professionals who are working in the real estate sector for a long period of time. It allows them to understand the market, know in which way it can change and predict future trends. This information is vital if you want to get the maximum benefit from your real estate investment.

10.Exclusivity

All real estate companies are aware of exclusive offers – when a developer gives exclusive price or a certain number of units with the best view (of a certain project) to a specific real estate company. How does an investor benefit from it? By investing through a brokerage who has exclusive offers of a project, you will get the best price in the market and the best unit with the best view. The most important factor is to have such an agent with an exclusive offer who has exactly what you are looking for, just like Universal Prime Real Estate.

Real estate investment is an easy process, as long as you have the right people to guide you. With the help of Universal Prime Real Estate, your investment experience will be easy, fast and informative.

Contact one of our agents at 04 425 3935 or drop us an email at info@universalprime.ae

[universalprime-blog]

What impact Expo 2020 will have on Dubai real estate?

Expo 2020 will have a tremendous impact on Dubai real estate market and the city itself. But what do we know about this so promising event? Expo 2020 is one of the largest events, so far, in the whole Arab world. It takes place in Dubai on October 20, 2020, and would last for a period of 6 months.

More than 30 million people from 190 participating countries are expected to visit Dubai during this period.

The History

The first Expo "The Great Exhibition of the Works of Industry of All Nations" took place in London’s Crystal Palace (1851). More than 100,000 objects were displayed presenting different types of inventions dating back from the industrial revolution.

The Agenda

Share different experiences, showcase ideas, collaborate and unite with others is the main purpose of Expo2020.

Every city and country experienced a drastic change brought by the Expo event. Now the important questions are:

How will it benefit Dubai?

How Dubai real estate market and the economy will change during and after the event?

Travel and Tourism

Dubai Expo 2020 will host more than 30 million people, quite an impressive number for a 6-month event. A significant number of investors planned to the country during Expo 2020. It will be a great time for Dubai real estate market to pick up and improve its situation. What is more, Expo2020 considered as the catalyst for landlords and Dubai real estate developers. Landlords can get their property rented easily. Developers, at the same time, will concentrate on attracting more investors through special offers and attractive payment plans.

How affordable is Dubai real estate market in this regard?

Affordable prices of Dubai’s real estate, no property tax, numerous governmental changes (5-,10-years investor’s visa) and 100% free ownership has already made Dubai a tidbit for investors. High media attention and a significant number of investors will provide a great opportunity for increased investment activity. The most important question is whether landlords and developers are ready for this demand or not? If developers are able to take advantage of Expo 2020, it will improve their position in the market, stabilize the economy and give that extra push for the future growth and development of the sector and the economy, at large.

New opportunities

There is no doubt that Dubai real estate market will grow and improve. With the market shift towards more affordable units, investors have a wide range of choices in terms of price, location, and offers. It was never so easy to invest in the Dubai real estate market. High ROI, easy payment plan, no property tax, post-handover installments made it cheaper to own an apartment rather than renting it. If you have few years and not sure whether to rent or buy an apartment – consider buying one. It is always better to invest in your own apartment and pay installments on a monthly basis rather than pay rent. If you are hesitant to decide about renting or buying an apartment, how to choose a suitable unit and location – it is always better to get the help of a renowned property advisor.

Contact Universal Prime Real Estate property advisors and let us help you to invest in your future.

[universalprime-blog]

Dubai investments for residency

What gives us a feeling of security? An apartment, stable job or business, our family and the ability to make future plans. All these basic needs are essential if you are living in your country. But what if you are living or planning to move abroad? In this case, the list above should be complemented by one more very important criteria – residency. These are the top essential things which secure our life abroad.

Dubai economy

Dubai shifter into a less oil-dependent country a few years ago. With an amazing growth rate of 6.1% in 2014, Dubai becomes one of the fastest growing economies in the world. It allowed to build trade relations with multiple countries in the world. As a result, it aids its economy. It all leads Dubai government to move towards a relatively diversified economy, improvement of infrastructure and ample foreign assets, according to the Institute of International Finance.

The introduction of 5% VAT further diversified revenues. VAT is a measure that will give more stability.

Investments for residency

According to the latest statistical data, 3.23 million people are living in Dubai and this number will increase up to 10 million by 2027. Among the main reasons for people to move to Dubai are stable economy, numerous opportunities when it comes to investments, business and career growth. Upcoming Expo 2020 attracted a number of new investors to the city. In order to improve its image as a land of opportunities and take care of those who chose Dubai as an investment destination, its government implemented new rules and regulations. Dubai investments for residency now have few options such as 5-, 10-years residency visa and 100% ownership. According to His Highness Sheikh Mohammed, global investors can have 100% ownership of their companies in the country. He the following vision in his Tweet: "Our open environment, tolerant values, infrastructure, and flexible legislation constitute the best plan to attract global investments and exceptional talents. The UAE will remain a land of opportunities. It is the best environment to realize the dreams of humans and unleashes their exceptional potentialities."

How much should you invest to be eligible for Dubai residency?

Depending on the number of your investments you can be granted 5- or 10- years visa. Those who own property worth AED 5 million or more will be eligible for a 5-year residency visa. Investors who hold an investment through a deposit in an established company or a business partnership worth AED 10 million or more will be granted a renewable residency visa every 10 years. Others who made various investments of no less than AED 10 million, including property – which must be worth no more than 40% of the total investment – will also qualify for a renewable residency visa every 10 years.

Entrepreneurs who own a project worth AED 500,000 or above can be granted 5 years visa with the further possibility of upgrading it to an investor’s visa. It can be done only if all needed requirements are met.

What are the main benefits of the investor’s visa?

Apart from getting 5- or 10-years residency visa, Dubai investors will receive a number of other benefits such as:

Free entry into the country and residence on its territory;

Arrangements for moving to the UAE for members of the family;

Opening a personal account in one of the banks of the UAE;

Obtaining a driver's license and insurance in one of the Emirates;

Teaching in educational institutions throughout the country;

Free entry into the countries of the Persian Gulf and some other countries;

Receiving profit and income that are not taxable.

The above article provides full information on Dubai investments for residency and how an investor can benefit from it. But the main question is: “What project to choose to invest in?” This puzzle can be solved by one of our experienced property advisors. Universal Prime Real Estate property advisor can not only suggest what project you should invest in, but also what is the best time for investment including projects with high ROI that you should consider.

Contact Universal Prime Real Estate and let our agents help you in creating a better future for you.

[universalprime-blog]

لماذا جاء الأثرياء؟

ماذا يعنى أن تكون دولة الإمارات ضمن أكثر دول العالم استقطابا للأثرياء, و أن تكون دبى الخيار الأول بين مدن العالم قاطبة جذب أصحاب الثروات؟

ليس من البساطة بمكان أن تنافس دولة أو مدينة عربية دول العالم و مدنها الشهيرة, فى واحد من أهم المقاييس و هو رضى أغنى الأغنياء, و أن تلبى مطالب هذه الشريحة الصعبة المراس و الكثيرة الطلبات التى يعرف عنها أنها "لا يعجبها العجب". و كيف تنجح دولة موقعها الجيوسياسى فى منطقة تواجه تحديات جمة فى تحقيق إستقرار قل فى نظير العالم, و أن تكون ملاذا أمنا و حرا لأصحاب الملايين و عائلاتهم؟

الأمر كله يدعو إلى تقدير قيادة الإمارات التى تؤمن بأبنائها أولا و بالإنسان الأخر ثانيا, و تعده شريكا فعالا فى الإقتصاد و المجتمع. قيادة تنتهج مبادئ التسامح و ترفع العدل راية, حيث الجميع سواسية أمام القانون.

ما وصلت إليه الإمارات ليس وليد اللحظة بل هو نتاج إيمان و رؤية و عمل و مثابرة, إنه حصيلة حرية الفرد و تفجير الطاقات الإبداعية و رعايتها, إنه نتاج عمل فرق بأكملها نفذت بنجاح رؤية قيادة واعية همها الأول الوطن. سنت الإمارات القوانين ووفرت البنى التحتية الراقية, و قدمت التسهيلات للأعمال, و أطلقت المشاريع الأساسية و الكمالية, و بنت أجهزة إدارية سلسة, ووفرت الأمن و الأمان, و فتحت ذراعيها للجميع فأصبحت أرض الأحلام, و مركزا للباحثين عن الإبتكار و ملاذا للأثرياء و المبدعين.

التقرير الأحدث يفيد بأن دولة الإمارات إستقطبت فى 2018 نحو 2000 من أصحاب الثروات الكبيرة, بينما تصدرت دبى مدن العالم, حيث إجتذبت أكثر من 1000 مليونير, متفوقة فى ذلك على مدن كبرى مثل لوس أنجلوس و ملبرون و ميامى و نيويورك و سان فرانسيسكو و سيدنى.

سمو الشيخ حمدان بن محمد بن راشد أل مكتوم ولى عهد دبى فى تعليقه على التقرير يقول إن هناك عناصر تكاملت جعلت دولة الإمارات محط أنظار العالم نموذجا أمثل للعيش و العمل.

و هذا النموذج اليوم مؤهل للإستفادة من وجود هؤلاء الأغنياء على الأرض, فوجودهم يعكس إيجابا على قطاعات الإقتصاد كافة, وإن كان على رأسها التجزئة و العقارات و الطيران و الخدمات المتنوعة. و من شأن ذلك أن يسهم بقوة فى تعزيز دورة إقتصادية متنامية تظهر فى الأفق.

لكن من أين جاء هؤلاء الأثرياء؟

يظهر تقرير بنك "أفرو أسيا" نزوحا كبيرا لأصحاب الثروات من مواطنهم إلى دول العالم و منها الإمارات, حيث نزح من الصين 15,000 مليونير و من روسيا 7,000 مليونير و من الهند 5,000 مليونير و من تركيا 4,000 و من كلا من فرنسا و المملكة المتحدة 3,000.

[universalprime-blog]

Dubai real estate investors by nationalities.

Dubai has always been a tidbit that nobody can resist. This fact has been derived by taking into consideration the latest Dubai real estate trends and governmental support. Hence, buying a property in Dubai became a must for many nationalities. But who are these Dubai real estate investors who decided to become a part of Dubai’s life?

Before we jump into analyzing Dubai real estate investors, let's understand what makes this city so attractive?

 What are the benefits of Dubai real estate investments?

First of all, all of the processes, purchases, and transactions are controlled and monitored by the government (Dubai Land Department). This gives an additional sense of security to Dubai real estate investors as they are guaranteed that their money is in safe hands.

Secondly, no property tax makes it very easy and beneficial to purchase a property. No extra charges will be deducted from the investor, on a yearly or monthly basis later on.

What’s more, new governmental changes such as 5-, 10- years investor’s visa, long-term residency, and 100% freehold started attracting international investors to Dubai by providing numerous investment and business opportunities. So who wouldn't prefer to invest in Dubai real estate?

 Dubai real estate investors by nationalities.

UAE nationals (Emiratis) have been top Dubai real estate investors for many years. They invested AED 37.4 billion through 12,000 transactions during the year 2017, while Indians (the second largest group of investors) invested AED 20.4 billion. Taking into consideration other nationalities such as Jordanians, Egyptians, Saudis, etc. a total number of 217 nationalities invested AED 151 billion.

 Market shift.

Due to the market shift towards more affordable properties and price reduction, Dubai real estate market became even more attractive for international investors. In addition, market changes started attracting “new” investors from China. The first 9 months of 2018 recorded a great number of transactions, which in turn shows Dubai’s real estate market growth and stabilization.

 Dubai real estate investors.

Amongst the top 5 Dubai real estate investors, holding the number one spot were the UAE nationals. Emiratis invested AED 11.5 billion during the first 9 months of 2018. Indian investors were second and invested AED 10.8 billion in Dubai real estate. British investors spent AED 4.3 billion, Pakistanis AED 2.8 billion and Chinese investors invested AED 1.7 billion.

Saudis, once the main Dubai real estate investors, don’t appear in the top 5 investor’s list. The core reason being its weak value of oil which weighed badly on Saudi investors.

The economic and political situation in the world and in different countries, such as Brexit, the crisis in Turkey, trade war between USA and China determines future trends of investments and impact on businesses.

If you want to know more about Dubai real estate market, the latest trends and updates – contact Universal Prime Real Estate.

[universalprime-blog]

Why Millennials should invest in real estate?

Many of us have certain stereotype when it comes to Millennials, those who were born between the years 1982 and 2000. You can always hear that they are spoiled, lazy, irresponsible, social media addicts, etc. But is it actually shows the real picture?

In many countries Millennials constitutes the majority of country’s population. For instance, in USA Millennials are the largest age group who are hardworking, goal oriented who are getting good job and gaining financial stability very quickly. They are the ones who changing the world trends drastically.

Numbers talk

Millennials are very smart and careful when it comes to big investment. These kind of people like deals and can easily invest in something they really believe in. According to the latest research conducted by Bank of America 1 in 6 Millennials have savings of $100,000 and ready to invest. In 2017, Millennials made up the largest group of homebuyers (34%) and of all Millennials property investors, 66% were first-timers. It makes a lot of sense that they are becoming more and more interested in real estate investments as 85% of Millennials find it one of the best investment opportunities.

Consider real estate investment now

What are the main benefits for Millennials if they invest in real estate now? Check our 5 top benefits if you are planning real estate investment.

1. Recovery

Every investor, when they only start this game, face ups and downs. If you failed in your first investment you will recover faster comparing to older investors. Main concern for older investors will be whether it affects their retirement or not, when Millennials can learn fast from their mistake and try again.

2. Less responsibility

Every door is open for young people. This expression as well as possible describes variety of opportunities for younger generation. And real estate investment opens enormous amount of them. Millennials are active and like to do things fast. Real estate investment may not be considered as a risk as majority of them don’t have family, they are not tied down to a certain location or have countless expenses. All these factors allow them to make the right investment decision.

3. Decision making

Older investors tent to take time when it comes to real estate investments. They take into consideration all pros and cons, do proper market research and check different options, when Millennials are way faster. They know already what they want and they are not afraid to make the final decision.

4. Long term investments

Real estate can make you rich – this is out of question, even though it is not a quick process. To reach the maximum return on your investments, you’ll need time. Nothing happens overnight. You’ll enjoy your investment over a longer period of time by getting into it early.

5. Financial freedom

By investing in real estate when you are young can protect your family from job loss or financial instability. Even if you lose your job, you’ll have money coming in from your real estate investment. Eventually, your real estate will continue making money for you even when you’re not working.

There is no doubt that Millennials are entering into their peak investing years, and their actions should be taken into consideration. Numerous opportunities are available for them, taking into consideration current Dubai real estate market situation, multiple projects with easy payment plans. All this makes investing easier and more accessible.