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More @ www2.vidado.com Lage: Direkt am bekannten Jumeirah Beach und nur ca. 20 km von Dubais Stadtzentrum entfernt. In wenigen Fahrminuten erreichen Sie die bekannte „Mall of the Emirates” mit unbegrenztem Shoppingvergnügen und der einzigartigen Skihalle (kostenloser Shuttle). Transferzeit zum Flughafen ca. 20 Minuten. Ausstattung: Al Qasr, der Palast, ist das Prunkstück der gesamten Madinat Jumeirah Anlage, das die königliche Sommerresidenz widerspiegelt. Zu den…( die …

Buying Off Plan

Most purchasers choose to buy off–plan by paying a deposit and then by structured payments through to completion.

Payment schedules can range from increments of 10% up to 20%. It is at the discretion of the developer how they structure it.

The benefit of buying off-plan is that re-sales command relatively high premiums therefore reducing any profit margin in the investment considerably.

Who Can Buy?

Any investor, overseas or resident, can purchase in Dubai’s luxury property developments.

Home Financing

If you are looking for home financing options in Dubai, most developers offer finance packages. However, Tamweel is certainly one of the best options. Tamweel offer a wide range of products for you to choose from. Tamweel finance properties that are ready to move into, as well as those that are under construction. They will even pre-approve your loan before you start looking so that you will know exactly what your budget is. In addition, Tamweel offer you the option of owning the property outright, or leasing it from them with an unconditional offer to own it at the end of the lease period – whatever suits you better. All of their products have been designed keeping your individual needs in view, especially the need for stability and peace of mind, and that is what makes us sure that they have a solution that is just right for you.

Payment Terms

In general, a deposit representing 10% of the buying price is required at the contract-signing stage for all new development properties. This is followed by what are known as stage payments that are made at regular intervals through to completion. Contact us for project-specific details.

Bank Accounts

Buyers do not need a local bank account to arrange purchases, though these can easily be arranged through our partners in Dubai.

Appreciation

Property prices in Dubai have experienced considerable growth, and are forecast to remain this way for some time. This can be clearly seen if comparing current prices with those of 6 months ago. Like all investments, however, property prices can go down as well as up.

To Buy on the Secondary Market or the Resale Market:

If during the construction stage of a property a second party wishes to purchase the property from the owner then the process is straight forward.

1. The buyer pays the owner an agreed sum which includes those payments the owner has already made to the developer and any premium applied by the owner.
2. Exchange of contracts with owner at the developers head office usually within two week period.
3. The developer will then charge a percentage of the original price of the property (typically between 2% to 7%) to reissue the PSA with a new name on it and update their title records. This must be done either in person or with the buyer’s authorised representative. The whole process takes a matter of minutes.
4. Contract re-issued in buyers name – there is no legal representation for either party or any stamp duty implications.
5. The buyer will then continue to pay the remaining instalments to the developer as laid out in the PSA.
6. Commission, typically 2 to 3% is paid to the agent.

The transfer fee is paid by the purchaser.

What exactly is freehold in Dubai?

Purchasing a freehold property in Dubai now means that you own the property forever or until you decide to sell it. You are allowed to pass this property to your family for example, and they enjoy the same level of ownership as you do.

Most important for investors, your resale rights are guaranteed, as is your freedom to rent out your property to a third party, though some restrictions apply to individual developments.

You should note that although these are freehold properties, some conditions on their owners apply, because they are “private community” developments. These conditions will restrict what owners can do with their properties, and oblige them to maintain their properties to certain standards, according to the themes and quality of the communities.

When buying an apartment, the nature of ownership is different from that of a villa, because an apartment is a unit in a building. These are normally classed as “common hold”. Sale agreements for apartments do, however, usually warrant effective full ownership of the unit, subject to restrictions applying to the building, such as renting out the unit, and making modifications.

Where can you buy freehold properties?

Most property developers in Dubai offer freehold, but so far most of the freehold developments have mostly been limited to the Sheikh Zayed Road, and the area of Jumeirah (including Palm Island). However, exceptions to this include the Arabian Ranches and Emaar Towers in downtown Diera. Other future developments include Nakheel’s International City project.

What about buying in other emirates?

So far, the UAE as a whole does not have laws regarding the sale of freehold property to non-GCC nationals. Each emirate makes its own property laws, as Dubai has done. Recently Abu Dhabi announced the availability of freehold, limited to “surface rights” for non-GCC nationals in the Al Raha beach area, outside the main city limits. Ras Al Khaimah, in the north, has created a similar development. The other emirates are expected to follow suit, but there have been no definitive announcements at the federal level yet.

Are property owners eligible for residence visas in the UAE?

Many developments give you the opportunity to gain a residency visa through purchase. We also have a sister company, www.intouchdubai.com which deals with relocation and residency visas.

Property Law

The freehold property market in Dubai really started in 1998 when the Dubai Marina project was launched. At that time there was no freehold property law, and villas were sold “leasehold”, on 99 year leases. In 2002 a decree was issued by the Dubai government granting freehold rights to non-GCC nationals (The GCC is the Gulf Cooperation Council, comprising Saudi Arabia, Kuwait, the UAE, Oman, Bahrain and Qatar.) This provided the impetus that has led to the size and dynamism of Dubai’s property market today.

Dubai Residency

The RERA Dubai has stated that a special category of residence visa will be granted to people buying ‘foreigner’s’ properties. The visa will allow a purchaser to live, but not work in Dubai . The arrangements for granting, and the terms of the visa, are at this time unclear.

People concerned about the environment and looking to buy Dubai properties for sale may also be interested in an upcoming event. The emirate is to host the LG Life’s Green conference 2009, at which business leaders will discuss the ways in which firms can act in a more sustainable manner. Experts from commerce and the environmental field will be present at the summit, which is set to take place on October 3rd.

Among the topics to be discussed will be the way in which having a positive impact on the planet can also help to boost a business’s expansion, as well as “greenomics”. In addition, it will assess global trends and see how they can be applied to regional industry. Ki Wan Kim, chief executive officer of LG Electronics Middle East and Africa, commented: “Environmental awareness should play a key role in all industries and institutions that are looking towards more long term development and growth.”

Fashionistas looking for a Dubai property investment may not want to be without the new LG Chocolate, which recently impressed trendsetters at London Fashion Week. There will be further opportunities attracting potential investors in the near future. One of the latest companies to invest in a place on the Gitex Technology Week event has outlined what visitors can expect.

Kingston Technology this week explained that it will have a range of new products available to show conference attendees between October 18th and 22nd at the Dubai International Convention and Exhibition Centre. Among these will be the world’s first 256 GB USB flash drive, as well as a range of other high capacity storage modules for use with laptops, PCs and other compatible electronics. Business development manager for Kingston Technology Antoine Harb said the development of such products was due to a growing demand for portable memory facilities. “Owing to the large number of visitors, Gitex Technology Week presents us with the perfect opportunity to introduce the 256GB USB flash drive to the region,” he added.

Visitors, businessmen and those with Dubai property for sale may also wish to attend the event to take in the latest offerings from firms like Panasonic, Sanyo, Ford Middle East, Hitachi and Seagate. With a growing and diversified range of properties, Dubai apartments and houses look set to attract further attention as a result of exactly these kinds of exhibitions.

The palm island Dubai is a fascinating topic. There are actually three isalnds, Palm Jumeirah being the most complete and tantalizing display of what the other islands will look like when they are completed. This island is surrounded by water on all sides with a single road leading from the city of Dubai to the main thoroughfare of Palm Jumeirah.

The effort of the government and people of Dubai and the contractors that they have partnered with to create these stunning islands has proved to be one of the man made wonders of the world. The thought and careful planning that went into the layout of the island is clearly evident in the structures that sit atop the island.

The City of Dubai is a breath taking sight in itself. The massive buildings are architectural wonders. It is an amazing feat then that each of the palm island Dubai has created are, in themselves, architectural marvels that provide a wonderful backdrop to this bustling city. Even in the face of financial fluidity that now faces many nations throughout the world Dubai has stayed on course to continue their efforts in bringing all of the islands to life.

Each hotel, villa, and apartment on Palm Jumeirah overlooks the beautiful Persian Gulf and has views of the magnificent city of Dubai. There will eventually be 100 luxury hotels on the island in addition to the homes that are being built which will accommodate some of the expected 21,000 daily visitors that are expected.

The palm island Dubai were deliberately designed to allow beach access from virtually any location on the island. The palm fronds which comprise the top of the island provide one the ability to purchase a lot that will allow a 360 degree view of the ocean from every corner of their home and have a place to berth their boat that is within walking distance of their home.

The government of the Emirate of Dubai has taken great pains to assure that the islands are sustainable and the water quality is not encroached upon. To that end they evaluate the water and beaches of the islands every three years and when needed nourishment is provided to those areas where sand is needed.

There are many activities available on the Palm whether one wishes to participate in one of the many water sports available individually or wishes to shop. However the island is also home to many water theme parks and aquariums that many families enjoy as well as family activities in the water.

The design of the Dubai palm islands has been carefully thought out and meets the needs of both young and old. The hotels offer the classic services other world renowned hotels as well as restaurants whose chefs provide the visitor with foods and flavors that mix the culture of the people of Dubai with those of the diverse cultures that inhabit the region.

The residences that are available on a Palm Jumirah range in size from 1600 sq ft to a villa of 3685 sq ft. Price ranges vary as well depending on the size and location of the residence that one is interested in. Many people find that after purchasing a vacation home on a palm island in Dubai they choose to make it a permanent residence. This is primarily due to the convenience and the ability to enjoy both the fun of a big city and the relaxation of a beach home.

These unique and wonderful islands are placed in a center that has a diverse culture and a friendly people. The government has worked very hard to meet the needs of individuals who are seeking a beautiful place of refuge in a warm and friendly environment. Purchasing property on a palm island in Dubai is relatively simple and an individual is aided throughout the process by the developer of the property they are purchasing.

Read more on Palm Islands Dubai and explore even further Palm Tree Islands Dubai

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