Bullet-Point Property: Dubai No. 77

A new statistic released by the Dubai government states that almost 30 per cent of Dubai’s property is owned by women. 

The number of female buyers is growing, and in Q1 2018, they invested AED4.4 billion in the Dubai property market, and AED 27 billion throughout 2017, as per Dubai Land Department (DLD) data.

When buying a property here, it is important for all buyers and especially non-muslins who may not want their wealth to be allocated according to Sharia law, to register a will that will distribute their estate according to their preferences. Read more here

This week’s property discussions have included:-

The Holy Month of Ramadan is expected to begin on May 15 and end on the 15th June; some of the developers have already declared their special Ramadan offers, and we are expecting a very busy month ahead of us.

• Ellington were the first to announce with their 4% DLD waiver and payment plans of 30% during construction and 70% on handover for two of their projects. For those looking for an excellent "buy to let" in a central city location surrounded by greenery, we have Wilton Terraces in MBR City with one beds starting at AED 1m and two beds at AED 1.5m. If you are looking for the best address in the centre of Dubai and near to the Burj Khalifa then we have DT1 in Downtown where we have some beautiful one beds at just under AED 2m, two beds at AED 3.2m and three beds at AED 4.8m. View the DT1 Brochure here and the Wilton Terraces brochure here

• I have been recommending Studio One in Dubai Marina as an investment and as a home, since the day of its launch. My enthusiasm and support for the project was rewarded this week as I was the first Dubai agent to be given a tour of the construction site. They have now reached the 23rd floor (8 more to go) and are building at the rate of one floor a week with a plan to deliver keys to owners in March 2019. I got to check the available views from all sides together with the show apartment which is close to being finished. We have a small selection of these superb value Marina apartments with one beds starting at AED 1.15m and two beds at AED 1.38m. The developer is offering a special payment plan for Ramadan of 5% now, 5% in 3 months, 15% in December 2018 and 75% on completion in Q1 2019. See the Studio One Brochure here

• Emaar has announced a pre-Ramadan offer running until May 10, which suggests that more offers from them will be available shortly afterwards. 50% off the normal 4% DLD fee, 50% off the first years’ service fees and a payment plan across the board of 2 years post-handover. We have one beds in Dubai Creek Harbour starting at AED 1.1m, two bedroom apartments in Dubai Hills Estate starting at AED 993k and three bedroom townhouses in Dubai South at AED 1.4m. Click here for more information 

• The Earth course designed by Greg Norman, at Jumeirah Golf Estates is the venue for the final of the European Tour and the "Race to Dubai". Alandalus Tower D is the latest apartment building in this gated golf community to be launched with one beds from AED 844k and two beds from AED 1.4m and three beds at AED 1.8m. Two options on the payment plan of 30% during construction and 70% on handover or 40% during construction, 10% on handover and 50% over 12 months post-handover. See the launch presentation here

I will be in the UK from June 13th to the 25th, touring the country and discussing Dubai property in one to one meetings with clients, please let me know if you are interested in seeing me and I will be in touch so we can confirm a day, time and venue.