Logo
  • Order call
  • Call management

Property type
No. of bedrooms
Area
Show offers

New investors buy off properties in Dubai

22.09.2019
New investors buy off properties in Dubai
More than a half of real estate transactions  concluded in Dubaiin the last five months of 2019 were made by new investors. Read more about other official data on Dubai property transactions from the DLD's report.

Official data from the Dubai Land Department annual report, published on Tuesday, showed that the emirate saw a significant increase in the number of real estate transactions and investments for the first five months of 2019. But more importantly, a half plus of them, namely 57 per cent, were concluded by new investors.

The report data indicate that the emirate’s real estate market has every chance to surpass its own last year’s figures for investments and real estate transactions. The total value of real estate transactions in the emirate has grown by 12 per cent to AED106 billion compared to AED95 billion in 2018, the Department’s annual report on the Dubai's housing market for the previous year of 2018 said.

In 2018, about 53,000 real estate transactions were concluded reaching the amount of AED223 billion, with a total investment of AED80 billion, of which more than 41,000 investments were made by 31,000 investors from all over the world. Despite the decline in real estate prices, the sector's contribution to the overall emirate’s economy doubled to 13.6 per cent in 2018 from 6.9 per cent made in the previous year.

Also, according to these data, from January to May 2019, 48 new projects were launched in Dubai, which include residential apartmentsvillas and villa complexes, which will total 8,000 new housing units.

However, the level of materialization of new projects may be even higher than the Land Department suggests. In the H2-2019, about new housing units 10,000–13,000 may be delivered in Dubai, based on materialization rate recorded in previous years.

However, recent government initiatives, such as the creation of a newly established Committee to control the market’s demand and supply balance, will curb excess supply and therefore, lower prices, experts believe.

According to the Land Department, UAE citizens took the first place among the most active real estate investors in H1-2019. They were followed by Indian investors.

New investors have concluded about 57 per cent of all real estate transactions recorded at that time, which is already significantly higher than last year, when only 66 per cent of the total number of new investors came to the country over the whole year period.

Business Bay was ranked first in terms of real estate transactions concluded in the H1-2019.

Last year’s registered sales volume exceeded AED74 billion, according to the DLD’s report, butut the current year still promises to beat these numbers.

To always stay up to date with the latest analytics data and real estate prices in Dubai, subscribe to our newsletter using the form below. And in order to sell, lease or buy/ rent housing or commercial properties in Dubai, contact IMEX Real Estate. Our contacts:

Tel. in Dubai, UAE: +971 (50) 2528188 (Whatsapp, Viber, Telegram)

Toll Free Dubai: 800-IMEX (800-4639)

IMEX REAL ESTATE BROKER LLC, UAE

Office 2502, Marina Plaza, Dubai Marina, Dubai, UAE

Email: pm@IMEXre.com

Latest Availability
Latest property news
Send us an enquiry or request a call back
Your name *
Phone
E-mail *
Your message *
*- indicates required
Request a call back
SOGA1  SOGA2
Call management
SOGA1  SOGA2
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