Bullet-Point Property: Dubai No. 85
Developers in Dubai mostly work on a fixed price policy with a few exceptions where we may be able to negotiate 1% or 2% off the asking price, so therefore not a compelling reason to go with one investment over another, it’s simply a "deal sweetener".
In my experience, if you are offered a higher discount, then it's almost always because the property is overpriced in the first place.
One way you can often save a good amount of money on your property purchase is via the transfer of currency by using a specialist instead of your high-street bank.
The rates offered by transfer providers can vary significantly and using your high-street bank often ends up costing more money and time. A foreign-exchange specialist typically provides a better and faster service, will negotiate on their rates and they normally do not charge any fees, unlike your bank.
× No set-up fees
× 0% commission
× Low minimum amount
× Plan against unpredictable currency markets
× Full transparency with rates and fees
× Personal service
× Quick, simple and secure transfers
There are two companies that I use and who I have been recommending to clients for many years, they both have offices in the UK and Dubai and are authorised by the FCA (Financial Conduct Authority) – email me here for an introduction
This week’s property discussions have included the following:-
- Emaar has just announced their 2018 Summer Offer which applies to all projects except The Grand in Dubai Creek Harbour and the Downtown Grande – save 50% on the Dubai Land Department registration fees, and there is a special 3-year post-handover payment plan – Two bedroom apartments in Dubai South starting at AED 1m, one beds in Dubai Creek Harbour starting at AED 1.1m and two beds in Dubai Hills Estate at AED 1.3m and two beds in Downtown for under AED 2m – Pay 40% during construction, 10% on completion followed by 50% over 36 months post-handover – email me for more details
- Ellington has also announced a special Summer offer on their projects – 2% discount on all prices and a flexible payment plan of 60% on completion – Their project in JVC is Belgravia Heights where you will find some of the very best value and quality properties in all of Dubai with studios starting at AED 514k, one beds at AED 758k and two beds at under AED 1m.
- Wilton Terraces located in Sobha Hartland within MBR City across the road from Downtown Dubai is one of very few buildings in the area that I am recommending to both investors and end-users – the 2% discount for the summer and the 40%/60% payment plan are two more reasons to buy a one bed from AED 1m or a two bed from AED 1.45m
- I am always mentioning Ellington’s projects as the best for quality and value; they are most popular with tenants, end users and investors and they have managed to create the benchmark in the last few years for other developers to work towards. This weekend I attended the launch of Beverly Residences in JVC to view their show apartment and found superb quality, design and features at some very good prices. They have already reached over 40% of construction and expect handover in March 2019 – these apartments offer scope for capital growth combined with high rental yield and tick all the boxes required by tenants – The studios start at AED 445k, one beds from AED 640k and three beds from AED 1.25m all on a 50/50 payment plan.
- The MAG EYE development in Meydan is one to consider from this experienced developer and in a location that is within 10 minutes of Downtown. The prices are some of the lowest on offer with fully furnished 400 sq. ft. studios from AED 390k and one beds from AED 756k
Are you planning a trip to Dubai in 2018?
Are you serious about buying a property in Dubai?
Let's meet so we can give you a balanced and comprehensive overview of the different locations around Dubai, show you the developments, and explain the differences plus the history and the future.
It’s a great way for you to learn more about the market and all the options that are available to you while at the same time, we will learn about your plans and expectations and how best to assist you.
One could call it a "Dubai Property Tour", no charge and we can assure you that there will be zero pressure.
Thank you for reading this far