Tag Archives: Dubai

Dubai Real Estate Market Outlook in 2019: A Complete Overview

dubai-real-estate-market

Dubai is Asia’s equivalent to Hong Kong and relies less on oil production compared to many neighboring countries. It’s been a hot-spot for Western celebrities and investors from India, just to mention a few, and seen a big growth in the past decades.

If you plan to buy real estate in Dubai, it’s important that you know how healthy the market is at the moment, and what you can expect for the year to come.

In this article, I explain where the market stands right now, present data and analysis from previous years, and what my predictions are for 2019. Let’s have a look.

Dubai’s real estate market in 2017 & 2018: A throwback

Before we try to forecast Dubai’s real estate market performance in 2019, it’s important that you understand how the market has performed the past years.

The market has had a turbulent time and some of its worst years in 2015 – 2016, when real estate prices declined much. The market has therefore been in a recovery mode in 2017 – 2018.

Still, prices and rents didn’t fall as much during these years, for example, the average sales price decreased by around 5.6% in 2017 according to Savills, while the average rents fell by 7%.
https://en.wikipedia.org/wiki/Developments_in_Dubai

We can call it a price correction for sure as the main reason behind the decline is that the market became one of the hottest in the past two decades. In 2004-2006, this small city had 30,000 cranes, equaling to 25% of all cranes in the world, which speaks for itself.

Continue Reading →

Buying Property in Dubai as a Foreigner: The Definitive Guide

dubai-property

Do you plan to buy property in Dubai?
Click here to get in touch with an experienced agent

Dubai has opened up to foreign property buyers since 2002 and the property market has boomed since. We often read about developing countries like Vietnam or the Philippines, but previously having almost 25% of all the cranes in the world, ATMs that can dispatch gold and an economy that relies only 6% on oil exports, Dubai is becoming increasingly interesting to me.

It’s one of the most business friendly countries in MENA and grows with a rate of around 4%, which is not bad for a developed nation. If you buy property in a foreign country like Dubai, it’s important that you get your feet wet first. Therefore, I’ve written this article where I explain the key information you need to know when investing in Dubai real estate.

Can foreigners buy property in Dubai?

Since the Dubai government introduced new ownership regulations in 2002, it’s become remarkably easier to buy and own property as a foreigner.

Many say that Dubai is the easiest country to do business and to invest in real estate in the MENA region, something that probably doesn’t surprise you.

In total, you have three different property types available, that I want to present first:

  • Freehold properties (Musataha)
  • Long term leasehold (Usufruct)
  • Strata-titled properties (Commonhold)

Continue Reading →

The 8 Best Areas to Buy Real Estate in Dubai: A Complete Overview

dubai-property-areas

Do you plan to buy property in Dubai?
Click here to get in touch with an experienced agent

Dubai is a sought after place when foreigners and expats move overseas. With a population that consists of 85% foreigners, property is fairly cheap on average, why rents are expensive in comparison.

If you stay in Dubai long term, I’d advise you to look around for potential property investments.

However, even if Dubai is fairly small, it’s important that you do research well in advance, to know which areas that suit you the most. Might it be a villa located in a calmer area, or a high-rise apartment with a nice water view.

In this article, I list some of the most interesting areas you should have a look at.

1. Downtown Dubai

downtown-dubai

If you’re standing right at the bottom of Burj Khalifa, the world’s tallest tower, you’re in Downtown Dubai. The area is among the most expensive areas in Dubai, known for its high-rise buildings and upscale community.

Continue Reading →

4 Asian Countries with Long Term & Real Estate Investment Visas

asia-investment-visa

Do you plan to buy property in Asia?
Click here to get in touch with an experienced agent

Before you pick a location for your next Asian property investment, it’s important that you do some research about the visa options available.

Having a long term visa, might it be an investment visa, will bring relaxation and not forcing you to leave a country every month, or so.

Luckily, you’ll find a handful of countries in Asia who have understood that foreigners want to stay there long term, bringing decent cash to the local economy.

In this article, I list 4 Asian countries that offer long term and real estate investments visas to foreigners. Let’s have a look.

1. Thailand

thailand-investment-visa

Thailand is the most visited country in Southeast Asia for many reasons. Expats, travelers and other foreigners alike can easily get accustomed to the high quality of life.

Personally, Thailand is one of my favorite countries to visit in Asia, I often make a trip once in a while, to recharge my batteries.

Even if Thailand might not be the best place for investors with a high risk appetite and to maximize yields, many foreigners (for example example Hong Kongers and Japanese) want to have property in a place that’s ‘livable’.

Proximity to their home countries is also of importance.

Continue Reading →

Top 10 Property Management Companies in Dubai: A Complete List

dubai-property-management

Do you plan to buy property in Dubai?
Click here to get in touch with an experienced agent

Being one of the most prosperous and appealing cities in the Middle East, foreigners are moving to Dubai in vast numbers. Renting property instead of buying is not the best choice if you plan to stay long term, property prices are relatively low compared to the obscure rents that can be found in many places.

If you ever decide to buy a property in Dubai, like a villa, you’ll probably want someone to take care of it for you, may you be a permanent resident or just visiting Dubai occasionally.

Therefore, I’ve written this guide where I list some of the most popular property management companies in Dubai.

1. Key One Properties

KeyOne Properties is a subsidiary of KeyOne Realty. The group was founded in 2006 and owns three different companies, all working in the real estate sector. The companies are:

  • KeyOne Real estate (realtor)
  • KeyOne Homes (holiday home short-term rental service)
  • KeyOne Properties (real estate management and long-term rental company)

KeyOne Properties is an international real estate company based in Dubai. They offer real estate management services for residential, commercial, and retail properties in all over UAE. In addition to Dubai, they also have offices in Abu Dhabi and Ras Al Khaimah.

The company has over AED 200 Billion worth of property under management in asset value.

Services & Fees

Continue Reading →

Top 10 Real Estate Agencies in Dubai: The Ultimate Guide

dubai-real-estate-agents

Do you plan to buy property in Dubai?
Click here to get in touch with an experienced agent

Buying property in Dubai is straightforward in comparison to many other countries in the region, and in Asia. You’ll find a big number of local and foreign owned agencies, ready to cater buyers.

But you rarely come across sites with summarized information about the top agents, a reason why I wrote this article, where I list top agents operating in Dubai. Let’s have a look.

Introductory remark

The agents are listed in a random order.

1. Allsopp & Allsopp

Allsopp & Allsopp was founded in Dubai in 2008, within a decade, they evolved into one of the best real estate agencies in Dubai. They’re currently considered as a market leader and had the highest percentage of sales in 2017. They also rank as the number one company in terms of sales transfers, according to the Dubai Land Department.

The company was founded by the British Allsopp family, with a goal to introduce a British-based agency model in UAE. The company has several English and Arabic speaking directors along with other multilingual staff.

Lewis Allsopp and Carl Allsopp are the founders of Allsopp & Allsopp, where Lewis acts as CEO, while Carl act as the group’s Managing Director.

In 2009, they were certified as a 9001: 2008 company, and in the same year, they became a member of the National Association of Realtors.

In 2012, they established another office in Dubai along with a sister company, In-House Mortgage Services.

Allsopp & Allsopp won more than 20 awards in the last few years that include:

Continue Reading →

Top 10 Property Developers in Dubai: The Ultimate Guide

dubai-developers-1

Do you plan to buy property in Dubai?
Click here to get in touch with an experienced agent

In 2006, almost 25% of all cranes in the world were located in Dubai for constructing purposes. There’s been a property boom since the government introduced new property legislations in 2002, which favoured foreigners in a remarkably better way.

Dubai is the commercial center in the Middle East and it’s said that only 15% of its population are emirates, while the remaining 85% are foreigners.

Buying off-plan is a preferable choice for many investors, a reason why I’ve written this guide where you’ll learn more about some of the biggest and most popular real estate developers in Dubai. Let’s have a look.

Introductory remark

The developers are listed in a random order.

1. Deyaar

Founded in 2002, Deyaar emerged as one of the leading regional property development companies in the last decade. Deyaar offers its services under four different business units that include:

  • Property development
  • Property management
  • Facilities management
  • Owner’s association management

In the beginning, Deyaar was working as the property management unit of Dubai Islamic Bank, but as the company expanded, it later became an independent private company.

Continue Reading →

[FREE EBOOK]
[FREE EBOOK]
[FREE EBOOK]
[FREE EBOOK]