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HNWIs prefer Dubai to Paris and Los Angeles

20.06.2017
HNWIs prefer Dubai to Paris and Los Angeles

Higher ROI in Dubai property keeps attracting more global millionaires to Dubai.

New World Wealth, a global welfare research company, ranked Dubai among world’s most popular global cities for multimillionaires (high net worth individuals with a capital of more than USD 10 million) to buy a second home in.

In its latest report on wealth migration in 2017, New World Wealth noted that the number of HNWIs among Dubai property owners increased by five percent in two years, and currently stands at 8,600 people, while a number of homeowners with a capital of USD 1 million in Dubai is 2,400 people.

According to this figures, Dubai is ranked ahead of such popular global cities as Paris, Zurich, Los Angeles, Rio de Janeiro and Sydney. However, London, New York, Hong Kong and Singapore still outstrip the emirate on this wealth ranking ladder.

But only a few cities in the world can compete with Dubai in real estate investment gains. Rizvan Sadjan, an Indian billionaire and a Head of the Danube Group, in his recent interview has emphasized that one can hardly expect to get a 8% -10% guaranteed return on real estate investments in such a short terms in any other global city except Dubai.

“If you want to invest in any property in Dubai, even if you don’t want to stay in the city, even if you just want to invest, you will get at least 8% to 10% of the. The prices may go down, but minimum you will get 8% to 10% as rental income, which is very, very good compared to any property in the world", Sajan said.

Sadjan has also pointed out the exceptional security and transparency of investments and real estate transactions in Dubai, as well as a fairly quick payback: “You don’t have to worry about somebody taking away your property, some legal litigation. It’s all very clean, very transparent, where you can blindly trust an investor in Dubai.”

Real estate projects by Danube currently include a number of units in such Dubai areas as Al Furjan, Studio City and Business Bay with apartments, townhouses and offices priced from AED1000 to AED1,400 per square foot.

Latest Availability
RENT
125,000 / year
Ref.No: OF1209
Office
1,655 ft2
76 AED/ft2
SALE
6,800,000
Ref.No: AP1113
3BR Apt
3,003 ft2
2,264 AED/ft2
SALE
8,200,000
Ref.No: AP972
3BR Apt
3,750 ft2
2,187 AED/ft2
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Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

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Ad placement

1 day

Ad placement:
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Contract of the lessee and agency.
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Signing of the lease agreement

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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:
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  • 4% - registration of the transaction at registration
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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
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1 year

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Reporting

1 day

Reporting
Expenses of the owner:

5% of the annual rental price

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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
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1 Week

Registration of the contract of purchase / sale
Expenses of the investor:
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  • 0% when investing in a new building
  • 4% - registration
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Property management