Real Estate in the UAE: Market Trends in Dubai and Abu Dhabi

Real estate in Abu Dhabi: benefits of buying and prospects for residents and non-residents alike

” Why investing in Emirates real estate is profitable? How to buy real estate in the UAE? The procedure for buying properties. Development opportunities for investors and their families. The prospect of education for children of investors in a branch of the Russian school named after Primakov. Primakov

The developing real estate market in Abu Dhabi attracts wealthy foreigners from all over the world, wishing to choose residential or commercial options for long-term investment, get a UAE residence permit or permanently reside in the richest emirate of the state.

Over 2022, prices for completed housing and off-plan properties in Abu Dhabi have risen by up to 11%, while rental prices have risen by 19%. The growing activity has also affected office space, which now costs 8% more to rent. Interest in the tourist sector is also increasing. Their occupancy rate reached 75% already in the middle of this year. These figures make investors and buyers think that the price limit has not been reached yet.

Features of the real estate market in Abu Dhabi

On the area of the capital emirate, where the largest oil deposits are concentrated, occupies about 87% of the entire territory of the state. The predominant number of people are solvent citizens of the country, which distinguishes Abu Dhabi from Dubai - the “city of expats”. For those wishing to purchase real estate, the UAE capital undeservedly remained in its shadow until 2019.

The surge of activity of foreign investors is due to the adoption of the law on the possibility of foreigners to acquire real estate in freehold zones in full private ownership. 3 years after this event, we can distinguish 3 main trends of growing demand for:

luxury segment real estate projects;

properties located on the coastline;

land plots for the construction of large investment projects.

The main advantage of real estate investments is their high liquidity due to the growing demand for residential and commercial properties.

What are the advantages of investing in real estate?

The UAE real estate market abounds with a variety of housing offers: from inexpensive studio apartments to townhouses and luxury villas. Buying real estate to generate income is usually considered for several reasons. First and foremost are the possibilities of:

buying real estate remotely without visiting the country;

receiving up to 8% profit per year from the rental of objects in the lease (you can entrust the management of real estate specializing in this company);

registration of an investor visa for 3 years for investments from $205,000 and for 10 years for the purchase of objects worth $545,000 for the main applicant and his family members; attracting mortgage lending at a rate of 5 to 7%;

selection of developer offers with a variety of payment options: the entire amount, in installments or cryptocurrency.

For those who have obtained Emirates residency, there is no income tax, including income received from the rental of objects. In the future, you can profitably resell the property, earning at least 45% of its original value. UAE residents can also compensate for sanctions risks by opening a business or relocating it to the Emirates.

Important point - buyers of under-construction objects can expect to receive a “Golden Visa” only after the completion of construction. Before that it is possible to obtain a visa for 1 year, provided that 50% of the total transaction value is paid.

Stages of the purchase procedure

The process of purchasing real estate in the Arab Emirates consists of 5 key points.

Search for a suitable option. You can do this both independently and using the services of a reliable realtor, who will help to select objects with a high ROI. The commission on average is from 1 to 3%.

Conclusion of a preliminary contract. It is accompanied by an annex with a description of additional conditions. In order to take into account all the nuances spelled out in the documents (construction delivery dates, payment terms, obligations of the parties), it is worth engaging a lawyer in international law.

Conclusion of the contract of sale. At this stage, the buyer transfers to the seller an advance payment of 10% of the full amount. The signed agreement is valid for 30 days when buying objects on the secondary market.

Registration of the NOC certificate. Obtaining a document is necessary if the sale of real estate is handled by an intermediary. The NOC certificate confirms the developer's consent to the sale. Transfer of the property into ownership.

Transfer of ownership is carried out at the Land Department. After receiving the payment check, the buyer transfers the full amount to the seller. When buying secondary market properties at this stage, the buyer will have to pay 2% for the registration of the transfer of ownership.

The investor's personal presence at the Land Department is not necessary, as he or she can execute a power of attorney for a person representing his or her interests. In case of purchase of objects in off-plan projects, it is not necessary to conclude a preliminary contract and apply for a NOC certificate. Such transactions are registered in the temporary registry after the buyer signs the initial agreement on sale and purchase. After construction is completed, the agreement is re-registered.

Opening of the Primakov Russian School. The opening of the Primakov Russian School is one of the major events in the educational sphere Affluent foreigners willing to sponsor family members to live in the Emirates are not only interested in financial benefits. Families with children planning to move to the UAE are also concerned about the choice of educational institutions. Education in the Emirates for expat children is paid for, but its high level and the ability to quickly integrate into the international environment compensate for the costs invested.

A big event in the fall of 2022 was the opening of the Russian school named after Ye. Е. Primakov Russian School in Abu Dhabi's Al Bateen neighborhood. The educational institution, with its head office in the Moscow region, offers a model for receiving a new generation of high quality education. Its peculiarity is an individual approach to each student, which develops various useful skills in children. In addition to the usual disciplines, they will study Arabic culture and language, the basics of Islam and social sciences.

In 2022, the school will open enrollment only for preschool and primary education, but in the next academic year it will be possible to enroll for full secondary education. Classes will be conducted by highly professional teaching staff. Teachers are native speakers of Russian, English and Arabic. 60% of the school's teachers are teachers of an elite gymnasium in Russia.

The annual cost of the programs depends on the chosen direction. For pre-school education the amount will be 35 500 AED, for elementary school - 37 500 AED. Enrollment is based on the results of entrance tests and interviews.

Company GARANT.in provides a full range of services for potential buyers of real estate and investors. We will advise you on where to invest your money, calculate the amount of income, help you collect documents for the transaction and choose the best way to transfer funds from Russia. You can also count on our help in selecting educational institutions for children.

We are always on the side of our clients!

Emaar Beachfront is the most desirable real estate in Dubai.

 ” Emaar Beachfront is the most sought-after property among Russian investors.

The average yield of UAE real estate, depending on the emirate and district, ranges from 6% to 8%.

Analytics shows that today the number of Dubai 90% consists of foreign residents. Not only the “Golden Visa” and full ownership of purchased property attract investors here. The Emirate offers real estate for every taste, budget and segment, maximized financial accessibility and simplified requirements for mortgage lending. The combination of these factors creates a stable investment flow in the UAE.

Features of Emaar Beachfront

If you have been thinking about buying a property in Dubai for a long time, we advise you to pay attention to a modern “gem” - a unique project Emaar Beachfront. This is an incredible offer from the famous developer Emaar Properties.

Emaar Beachfront is a separate neighborhood in Dubai, located in Dubai Marina. According to analysts' forecasts it will become a model of real luxury. On the area of 929 thousand m² there are premium class residences located in 27 skyscrapers, a hotel, restaurants, boutiques and pavilions, sports clubs, places for relaxation and recreation, a lighthouse and its own port for cruise ships. The vast majority of apartments will have panoramic sea views. Property types - apartments of different sizes with 1-4 bedrooms or luxury penthouses.

The area is part of the largest Dubai Harbour project and is planned to house the longest marina in the region for 1,100 yachts of various sizes along Dubai Marina. Residents of Emaar Beachfront will be able to relax and sunbathe on a 1.5km long private beach. In addition, Emaar Beachfront will have cafes, conference halls, restaurants and facilities that have proven themselves on Logo Island and elsewhere. Not to forget the extensive road network, sea lanes for yachts, water cabs and boats. There will be public transportation, bicycle paths and jogging areas for athletes. Emaar Beachfront is located near the artificial island of Palm Jumeirah, adjacent to Dubai Harbour and has direct access to Sheikh Zayed Road - easy to get to any part of the emirate. There is a public parking lot next to the neighborhood and each apartment comes with a private parking space.

Managing Director of Emaar Properties, emphasized that the new project is a gated community, a unique eco-system and a completely new experience for residents of not only Dubai, but also the entire Persian Gulf. The main advantage of the complex is its excellent location.

Advantages of buying a property under construction

Since Emaar Beachfront is still under construction, buying real estate here is quite advantageous. However, it is worth noting that today all the desirable apartments of the neighborhood are available exclusively on the secondary market. Nevertheless, there is a chance to get housing at a still reasonable price. Some objects have already been commissioned, but their cost is much higher.

If you wish to become the owner of luxury Emaar Beachfront apartments, contact us.

GARANT.in is an international company in the field of investment migration with an extensive client base and over 500 closed cases. Our experts will help you to choose and buy a property based on the client's request, budget, real estate market offers and even the current state of the economy. We will help you find the best option for personal use, rent or profitable investment of your own funds. We will help you invest in real estate so that you can not only get a high percentage of profit, but also increase the initial value of the purchased object. There is no need to go somewhere and look for something. We will do everything for you - we will select the object together, submit the application, and draw up the documentation. Save your personal resources with us.

Distress deal in Dubai's real estate market

Another way of profitable investment in real estate in the UAE is to get timely information about offers in the market. Brokers GARANT.in daily analyze the state of the real estate market in Dubai, the dynamics of prices for buying and renting objects.

Distress Deal is an opportunity to get a good offer at below market price. Every day hundreds of investors buy up properties in the UAE, but for some reason they are unable to continue paying according to the payment schedule. In this case, the owner is ready to get rid of the object even at an undervalued price in order to get out of the deal as soon as possible.

Thus, the clients of the international company GARANT.in has the opportunity to invest very profitable investment in projects from the best developers of the UAE in the areas of Dubai Marina, Burj Khalifa and other popular areas with the possibility of further resale or lease.

We also get into the position of the client, if he is unable to make payments for the purchase of real estate, quickly respond and form an offer to sell your property as soon as possible without significant losses.

Contact GARANT.in specialists of the company's representative office in Dubai to find the best solution for you.