Buying on the primary market means buying property off plan from a catalogue. Good properties are sold very quickly in a matter of weeks. Top properties are gone in days and sometimes even in hours. This speed in selling and buying is very unusual for the European buyers, but it is common business practice in Dubai.

In the past four years, reality has proved that despite this atypical market behaviour, the quality and the services granted on hand over, matched the expectations of the buyers and the promises of the developers. We are here to guide you through the different projects’ locations, layouts, floor plans, payment terms, and facilities.

Generally speaking, you have to pay a down payment of 10% to 30% of the purchase price, in addition to our agency fee. Future payments will be according to the payment terms of each particular project. When the project is completed, the last payment varies usually from 10% to 30%. Financing for non UAE residents is possible and can reach a maximum of 70% of the purchase price.

Buying on resale / in the secondary market

By resale we mean buying property from an individual and not directly from the developer. We are here to help you understand the dynamics of this new and booming market, where the premiums you have to pay on the secondary market keep on increasing continuously. Projects “à la mode” today in Dubai are Palm Jumeirah, Palm Jebel Ali, and the area of Dubai Marina. Their majority is sold out, but still very much in demand.

Residence Visa

When you are buying a property in Dubai, the government is directly providing you with a visa of residence. However, you will only get this visa upon completion of the property you purchased, and it doesn’t entitle you to a work permit. The residence visa has to be renewed every three years as by the last laws of the department of immigration.

Property Deeds

You get your title of property upon completion, handover, full payment and registration of your property.

Why is Dubai booming ?

The real estate market in Dubai is only 5 years old. Through out this period the prices of the properties increased and rents as well. Indeed, people from around the world are interested in buying in certain areas in Dubai. Many factors are behind this boom and the growing interest in this market. Many individuals are buying properties for vacation use, to benefit from the sunny blue sky and crystalline beaches.

Some are buying to escape the long European cold winter, and to enjoy spending their days in a nice warm climate. Others are buying for investment purposes, to rent out their property upon completion, or even to sell it at a premium. Certain projects are the subject of resale with appreciations of 100%. Furthermore, Dubai being one of newest, and hottest points on the planet in terms of real estate, and one of the countries that attracts the highest rate of new citizens one month after the other, the demand for rent is massive. The arrival of new residents keeps on growing exponentially, and parallel to that the rent prices are increasing tremendously (more then 40% over the first 6 months of 2005), and provide the investor with a very good and reliable source of revenue.

The warm climate, the infrastructure, the wonderful hotels and entertainment facilities, transform this city in the middle of the desert, into a fascinating cosmopolitan, high tech and luxurious hub. The variety of the restaurants, shopping malls, the world class golf courses, as well as the excellent and efficient flight connections to every possible city on the globe, puts Dubai on the world map.

Major international events and happenings are taking place in Dubai. Indeed, the year begins with the Shopping Festival and Dubai Marathon in January. Then the ATP tennis tournament for ladies and men follows in February. The Dubai Desert Classic golf tournament and the highest prized horse race or “Dubai World Cup” in March, etc…. Also, nearly every week you can attend a concert for famous artists from around the world like Pavarotti, Jose Carreras, Robbie Williams, Elton John, Shakira, etc….. In addition you can go to exhibitions, fairs (Global Village), and attend conferences.

Dubai is tax free, allows free repatriation of income and capital, enjoys a very nice weather and still has one of the lowest criminal rates in the world, which attracts people from around the globe.