For example, connected residences might be owned by a single entity and leased out, or owned separately with an agreement covering the relationship between units and common areas and concerns.
Residential real estate may contain either a single family or multifamily structure that is available for occupation or for non-business purposes. Residences can be classified by and how they are connected to neighbouring residences and land. Different types of housing tenure can be used for the same physical type.
This rate of profitability occurred off the back of Australia’s longest housing market upswing on record, which was almost uninterrupted from September 1995 to January 2004, and saw housing values nationally increase by 109.7%.
Dubai has become a global investment hub with world class infrastructure and an affordable property portfolio. Also with high ROI, the process of buying properties in the UAE is a bit difficult for new buyers.
Are you a New Buyer? No worries, we at Blooms Homes Real Estate will help you out with our skilled agents, to choose what's best for you. Our agent will suggest you the best location, time, and payment plan for your investment. From choosing the property to the final payment, we will guide you. If the purchase is made in person or online, we will give our best service.
Since 2020, due to the pandemic, the Dubai Land Department (DLD) officially announced real estate purchases can be made remotely via online services. One can buy property in Dubai with all the necessary procedures and pay through online or cryptocurrency
In just 5 steps you can buy your dream home with just by few clicks!!
PROPERTY SEARCH
The first step is to choose a property, It is highly recommended that you contact our Real Estate Agency. We will analyze your requirements, and suggest you the best property for you and then email you the contracts and request the necessary documents from you.
REGISTER THE TRANSACTION
The transaction will be recorded in the official system of DLD, once the documentation is complete.
PERSON IDENTITY
DLD initiates a video conference with both parties to check your identity and signature in the contract.
DOWN PAYMENT
Once your identity is confirmed you will receive the details of the account and the agreed amount must be deposited. The payment mode can be cryptocurrency, just set up a crypto wallet, and both parties agree on the terms of the transaction.
DOCUMENT OF OWNERSHIP
As soon as the funds are transferred to the account, the transaction will be approved and you will receive a new document confirming their ownership (Title Deed), as well as a digital copy of the sales contract.
Dubai is only for Luxury? Nope, Dubai Real Estate Market Offers Affordable Properties As Well!!
Here are a few properties that you can buy for under 1Million
ARJAN
It's a family-friendly community, studio, and 1BR apartment range between AED 256K and AED 899K. Recently the average sale price for 1BR apartment is AED 751K which was AED 242K in starting.
AL FURJAN
This is a great deal for budget buyers, Studios just start from 335K and 1 BR apartments are around 737K. The average sale price is higher than the starting price, Al Furjan is promising market growth.
DUBAI SILICON OASIS
Very close to Business Hub, By studio at AED 142K, with average sales 350K, Also 1BR starts at just AED 250K with average sales AED 455K. For spacious 2BR begins at AED 625K an average AED 840K.
JVC
JVC is a trendy happening location, the studio starts at AED 212K with average sales around AED 500K. Meanwhile 1BR apartment from AED 350K with high demand sales price of AED 740K.
MEYDANMeydan is for budget-conscious buyers, studio starts just at AED 100K and 1BR apartment AED 400K, Also their average sales AED 535K and AED 952K respectively. The community is known for sports and leisure amenities, its best for living as well as investment.
INTERNATIONAL CITY
It is a great opportunity for new buyers, just at AED 100K one can own studio and the average sales hover at AED 250K, and 1BR apartment at AED 155K average sales at AED 350K. For large 2BR begins at AED 400K with an average AED 550K.
Why Dubai Hills Estate? Is it really worth it?
Yes, it is!! To Know more explore below
Dubai Hills is a prime investment destination in Dubai, it has incredible facilities and amenities also family-friendly. It’s a great opportunity for capital growth and rental yields. The investment opportunity that promise both stable and immediate returns along with long-term value appreciation.
LOCATION
Dubai Hills Estate is located at the center of the Dubai City, also very easy to access Downtown Dubai. And the view of Burj Khalifa and the golf course from Dubai Hills Estate will smoothen your mind. Hence, Investors seeking properties with both immediate rental returns and long-term capital appreciation will find DHS an attractive proposition.
AMENITIES
Its Family-Friendly Amenities, are undoubtedly the best living with your family. Surrounded by world-class amenities for all the members of your family. A central hub for leisure, shopping, and social activities is Dubai Hills Park and Dubai Hills Mall, which attract residents and tourists alike. Featuring an 18-hole championship golf course, Dubai Hills Golf Course is a draw for golf enthusiasts and offers spectacular views. Investing in DHS real estate has a wide range of advantages, from enhancing rental yields to adding value.
WIDE RANGE
Here you will have a wide range of apartments that are modern, sleek, and spacious, as well as villas and mansions that are opulent and luxurious. The size options of the properties to choose from 1 - 4BR apartments of mid-rise towers, 6- 7BR Villas large living spaces.
RETURN ON INVESTMENT
The community prices have been surging 15% in just 6 months, thereby it's a green flag for your investment in Dubai Hills Estate.
It is a great opportunity for buyers who are looking for high ROI
Mortgage pre-approval is the first step in the mortgage process for buying a property.
When the bank reviews your application, it will issue a letter or email stating that they have pre-approved you and will lend you the amount you request. Usually, this approval is valid for 60 days. The knowledge that the mortgage approval has been secured on certain terms from the bank gives you the comfort to negotiate on properties with confidence that things can be settled quickly.
For every individual before taking a Pre-Approval mortgage, three questions will hit them, WHY? HOW? HOW LONG THE PROCESS IS? And we come up here!!
Explore the answer your all your questions below!!
WHY
As long as you have a preapproval, it will be much easier for you to search for a property that is within your budget, also preventing you from overstretching to buy unaffordable properties, so you stand out as a real buyer amongst the other shoppers.
HOW
Do reach out to the lenders or a consultant for the pre-approval process, It will take between 3-5 days for salaried for the pre-approval process, and between 7-10 days for business owners for the process to be completed. For non-residents, it may take between 10-14 days for the process to be completed.
HOW LONG DOES IT TAKE?
A pre-approval for a mortgage from the Bank is valid for 45-90 days. If you wish to continue with the application, you must provide the updated document within 45-90 days of the expiration date.
More
Do you know why people are obsessed with investing in Dubai Real Estate?
With its strategic location at the crossroads of East and West, and its reputation as a vibrant cosmopolitan hub, Dubai has established itself as a global real estate hotspot. With Dubai's ongoing development and flourishing, investing in its property market remains a promising proposition, offering substantial returns and a high-quality lifestyle as well as substantial returns.
Explore the below 5 benefits of investing in Dubai Real Estate
TAX-FRIENDLY ENVIRONMENT
Tax friendly is a unique and attractive attention for investors, the absence of capital gain tax makes the property investments even more enticing. This fiscal perk fosters an environment where individuals and businesses can thrive without hefty tax implications.
THRIVING TOURISM INDUSTRY
It's a global tourism destination that provides a massive opportunity for investors the iconic infrastructure, world-class amenities, and vibrant culture grab worldwide tourists.
RENOWNED DEVELOPERS AND COMPETITIVE PRICES
Dubai's top developers like Emaar, Nakheel, and Meraas are known for their luxury, creativity, and on-time delivery projects. They are just not built, they shape Dubai's structure. Not only that but also the projects are all affordable with flexible payment plan options.
GLOBAL CONNECTIVITY
Dubai is the center point, connecting people and businesses globally, this booms the real estate in Dubai. The UAE's commitment to creating a world-class business environment with free zones and investor-friendly policies contributes to its real estate success. This makes it easy for international companies and entrepreneurs to invest.
INVESTOR POLICY
The policies in the UAE are very friendly, and the rules and regulations make it easy for people to invest in properties and businesses in the UAE. The key factor for the policy is to buy and own property for local and international investors. Thereby, attracting many investors.
