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Dubai freehold property certainly isn’t just for residents of the United Arab Emirates; it is available to buy for anyone.  As such a popular tourist destination, buying a property in Dubai as an overseas investor may just be an excellent investment and a great holiday home for you.  For anyone that thinks this might be a good option, here are a few things you should know:

Mortgages are available

You can still get a mortgage on Dubai properties even if you are not a resident, and you can sort out financial arrangements with a bank in your country of residence.  For ease in doing this, we do recommend fully checking to restrictions on mortgages, but several large multinational banks such as Barclays and HSBC offer mortgages here and they are all over…

We do dedicate a lot of time to telling you about the latest freehold homes that investors can buy; now it’s time to talk about commercial property.  Believe it or not, but there is almost as much commercial space on the Dubai real estate market to buy, as there is residential, and more often than not investors are looking to own space for their company, rather than to keep renting.

The Dubai real estate rental problem

Not just for accommodation, you know! The problem of ever-increasing rents has had just the same impact on leasing commercial space, and pushing office budgets up and up.  While this hasn’t been too much of an issue for multinational firms with billions to spend, this has hurt small business.  It is thought that office space in Dubai is…

For anyone that finds the property market interesting and exciting, then a career in properties might be right for you.  Many people are moving into the Dubai real estate market each day as they see the potential gains of doing so, and this is available to anyone.  The market is easy to understand, as long as you know the rules and regulations of buying and selling property, and have an outgoing personality to make a sale.  Here are a few tips for anyone who seeks a future in the Dubai freehold property business as a real estate agent:

Know what property you are selling

So much property available on the market often means that people are deterred from moving into the property agent industry.  Don’t worry; once you have an idea about the basics, the…

Every resident of Dubai has one big complaint to make, not including the traffic of course, and that is the price of renting accommodation these days.  It seems like only yesterday that most expatriates were able to comfortably afford the costs of renting apartments and villas in Dubai; in fact, most families did live in huge villas.  Fast forward to the Dubai property boom and now rents are soaring beyond the reach of almost everyone.  It is common to see families moving out of their villas into apartments and even people leaving the country because rent eats up too much of their savings.  The primary reason for people living in Dubai is to save on high taxes back home, but if you are paying out the difference on accommodation that you don’t own, is it…

New property buyers are always going to encounter more trouble than seasoned property buyers do. Since the Dubai property market is new and always changing.

1. Which Dubai property developments should buyers consider for a first buy? There have been numerous issues with build quality and more persistently with construction delays. First time buyers should find out as much as they can about a project before putting a deposit down such as the terms of the contract, any problems that have been reported and if the project is still under construction, what the completion schedule is. If buyers are looking into a project that has faced delays, then perhaps another development is a better option.

2. Always read the fine print! We really cannot stress…

Anyone who lives in Dubai will tell you just how much prices have increased over the past 2 years or so. It does reduce the appeal of living in such a great place, but there are ways to keep your costs down by being wise and here are a few of them!

1. Ditch the pricey car you are driving. It’s no longer necessary for everyone to drive around in the most expensive cars that money can buy; the roads are usually in constant gridlock. No matter how fast your car is, it’s not going to help you avoid the many other cars that are stuck on the road just like you so save some money and buy a cheaper car.

2. Choose which district of Dubai you live in very carefully. This seems obvious but many people can save money just by living outside pricey districts…

The Palm Jumeirah is not only developer Nakheel’s headline property development, but it is also one of Dubai’s most popular freehold developments, thanks to an aggressive advertising campaign and worldwide recognition of this unique venture.  All the properties on the Palm sold out relatively quickly, and are now only available to buy on the secondary market but prices are certainly higher for this development than on many others.  Located near to the Dubai Marina and Dubai Media City, the Palm Jumeirah takes pride of place on the waterfront of new Dubai, and despite some construction delays pushing back the schedule, is now home to residents.

Luxury Dubai freehold property

The Palm Jumeirah is not only a freehold development with a difference; it also…

Buying off-plan is not the only way to buy Dubai real estate anymore, these days you can see what you are buying first.  With a large number of projects either completed or well under construction, buyers no longer have to limit their investment to something that is only on paper.  However, buying off-plan worked out really well for early freehold property buyers so can it still work really well?  Here are just a few reasons why you should keep your investment options towards off-plan property.

Escrow law on new Dubai freehold developments

Thanks to the creation of escrow or trust law, buying off-plan just became more secure.  The new law, introduced this summer, means that any new developments are required to set up an escrow account with one of the…