APropertySpace

07/02/2024

A big incentive for those wanting to sell or buy a property which is not vacant..

In cases tested in the Dubai Rental Disputes Court eviction notices were passed on to new buyers

01/02/2024

Weekly Question and Answer...

What if the off plan project is not completed or the developers run away? Will I lose my money?

Answer: Whenever an Off Plan project is launched, there is a requirement by law for a third party government agency/trustee to open an ESCROW account, typically in the name of the project launched. This account is referred to as a safekeeping account and is managed by the third party government agency/trustee. All the sales proceeds from investors/buyers go into this account. The developer is not permitted to use any amount excluding finances required for sales, marketing, consultancy, construction and land payments. These required amounts are dictated and released after completion of each phase in the construction.

31/01/2024

A MONUMENTAL motivator for Investors..

Dubai have announced the scrapping of their minimum payment structure of any purchase for a property valued over 2m purchase in order to be eligible for their 10 year golden visa.

WHAT? YESSS.. that is correct..

Confused? Ok so before, if you wanted to be eligible for Dubai 10 year residency visa known as the golden visa, you had to purchase a property valued over 2m dirham and a minimum payment for this purchase through a mortgage or payment plan had to be at least 1m. NOW there is NO minimum payment but the property purchased still has to be over 2m dirhams.

This gives developers offering payment plans an incentive to offer lower deposit amounts and also encourages and motivates buyers to break the 2m purchase amount barrier.

For more information as well as other market news, contact us now and please do not forget to like, follow and share.

30/01/2024

Excited to present to you this fantastic School for Sale..

Location disclosed after NDA are signed. BUA: 30,000 SQFT Plot: 50,000 SQFT

Multiple Schools in inventory.

For more information and price:
Tel: +971(0) 5512205
Email: [email protected]

For more info please follow

Instagram: adeelindubai

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29/01/2024

For those who think Dubai is a bubble.. Think again. 2023 showed signs of a maturing market. A combination of those shifting from renting to buying to increased numbers of residents as well as anticipated continued growth in 2024.. there is still time to jump on the Dubai property ladder and enjoy some lucrative returns..

New records set for volume and value of sales transactions

28/01/2024

"... Memories of Dubai's 2008 property crash which ultimately led to a $20 billion bailout by the emirate's oil-rich neighbour Abu Dhabi still loom large, but analysts say lessons have been learnt and the risk of contagion from any downturn appears lower..."

As cranes speckle the Dubai skyline and ultra-luxury homes change hands at record prices, signs that the city-state's property boom is fizzling out are coming into view.

26/01/2024

Tip of the week...

How do I know a project in Dubai is legitimate? Before signing an off-plan unit sale and purchase agreement, some key details that you should look into as an obvious starting point:-

1. Is the real estate project, where the unit is located, registered with RERA?

2. Is an Escrow account established for the project. Obtaining the escrow account details will give you peace of mind, as it ensures that your funds will be protected throughout the development process.

3. Determine the stages of completion and the expected date of completion for the project.

4. Is the developer registered with Rera? Does the developer own the development land? If not, is there an agreement between the owner and the developer? This will determine the credibility and reliability of the developer.

Remember, the above points cover and represent if the developer has required all the permits and approvals from the DLD and Rera to sell units off-plan in the relevant project. If this is the case then you can be confident that you are investing in a legitimate project.

25/01/2024

A fantastic offplan resale with a payment plan...

FOR SALE - The Valley Townhouse Pharo Collection 3BHK BUA: 2040 SQFT Plot:1873 SQFT access to swimming pool and kids area.

For more information and price:
Tel: +971(0) 5512205
Email: [email protected]

For more info please follow

Instagram: adeelindubai

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25/01/2024

Keep up to date with the latest news in Dubai...

Dubai’s Sheikh Zayed Road neighbourhood has been renamed after the world’s tallest tower – the Burj Khalifa. The 830-metre building — which recently turned..

17/01/2024

FOR SALE - Arabian Ranches 3 Townhouse Atheer Collection 3BHK BUA: 2031 SQFT Plot:1559 SQFT

For more information and price:
Tel: +971(0) 5512205
Email: [email protected]

For more info please follow

Instagram: adeelindubai

And do not forget to like and share

Facebook: apropertyspace

17/01/2024

FOR SALE - Arabian Ranches 3 Standalone Villa Type E3M-2 (Type B) 4BHK BUA: 4440 SQFT Plot:4085 SQFT

For more information:
Tel: +971(0) 5512205
Email: [email protected]
Instagram: adeelindubai
Facebook: apropertyspace