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Positive prospects for property

15.03.2015
The slowdown in Dubai's real estate market gives the market time to absorb the existing supply pipeline, while alleviating concerns about the housing market. Dubai's property market has definitely slowed down when compared to the rapid growth seen in 2013. However, instead of being a matter for concern, most analysts agree that this is a positive sign. 

The slowdown in Dubai's real estate market gives the market time to absorb the existing supply pipeline, while alleviating concerns about the housing market potentially overheating, said Moody's Investors Service. "A less volatile market is beneficial for all stakeholders and will help developers plan their future pipelines in line with real demand while at the same time acting to dis-incentivise speculators from 'flipping' off-plan units in order to generate a quick gain."

With the market clearly maturing from focus on growth that resulted in the 2008 crash, Dubai Municipality is now looking into introducing an affordable housing quota for all new residential development. The measure is a regulatory step initiated by most developed countries, forcing builders to set aside a proportion of new building units (20-45%) as affordable homes for people who would, otherwise, be priced out of the market. 


On one hand, Dubai is seeing a slowdown in growth. On the other, the emirate continues to attract investor attention and developers are pushing ahead with mega developments. The city is in a period of flux and it will be interesting to see the new image it sets for itself once it settles down. 
Latest Availability
RENT
125,000 / year
Ref.No: OF1209
Office
1,655 ft2
76 AED/ft2
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Call management
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Lease process (Rent out)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

Property management

Lease process (Rent)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.
Real estate search.

Up to 5 days

Real estate search.

Selection of optimal options.

Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the lessee:

-5% agency commission of the annual contract price

Additional services:

None

Purchase process
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Property Selection

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale
Customer charges:
  • 2% from purchase at transaction
  • 4% - registration of the transaction at registration
Additional services:

Property management

Sales Process
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

None

the management process
Contract of the owner and agency

1 hour

Contract of the owner and agency
Rendering of management services

1 year

Rendering of management services
Reporting

1 day

Reporting
Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Selection of optimal investment options

From 3 days

Selection of optimal investment options
Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale
Expenses of the investor:
  • 2% when investing in the secondary market
  • 0% when investing in a new building
  • 4% - registration
Additional services:

Property management