Off Plan Properties at Better Homes LLC

As one of the UAE’s most established real estate brokerage firms, we at Better Homes offer you the expertise necessary to help you find the ideal property for your needs. Off plan properties are developments under construction that are offered at lower prices than ready properties and at attractive payment plans.

Wish to pay very small deposits until the off plan property is handed over? The good news is that developers are thinking of creative ways of enticing buyers to purchase off plan property. One such way includes waiving off the four percent registration fee for buyers and rolling out monthly payment schemes such as “capital guarantee” and “money back”. Off plan properties offer you the chance to buy a unit at a low price and gain maximum returns when you sell it later, without having to bear any costs associated with actual home ownership.

The government has introduced numerous laws to ensure legal compliance when it comes to off plan property investment. For instance, Law 8 of 2007 requires developers to register their off plan projects with Dubai Land Department and Real Estate Regulatory Agency (RERA) prior to promoting or selling units. In addition, construction progress must reach at least 20 percent completion prior to commencing promotions. When you purchase off plan units that offer an on-completion payment scheme, most of the risk falls on the developer. This ensures that the developers complete the project diligently and on time, mitigating risk for the investor.

Is off plan property the right investment option for you?

The off plan property market has become attractive with a large number of developers offering exceptionally well-priced properties and highly attractive payment plans.

Have the cash for a long-term investment? Then, go in for off plan property. However, if you have a short-term outlook and envision yourself living in the property, then buy ready units that offer fast profits through rental yields and capital gains.

Think you might want to sell the property prior to completion? Then, off plan is the right model for you to cash in on capital growth and avoid the costs of actually owning the property. Moreover, there is also the advantage of a fixed price, which enables you to enjoy appreciation of the total value of the property while making the payment in stages until the project is completed.

What should you look for whilst buying off plan property?

1. Why are you buying? Are you looking to live in it or are you buying Dubai property as an investment to sell or rent out in the future? Knowing this will determine the type and the location of the property you should buy.
2. Ensure that the developer you are buying from has a good track record of delivering projects on time.
3. What are the financing options and payment plans like?
4. Do you have access to expert guidance?
5. At the end of the property search, do you have a well-drawn out sales and purchase agreement by a reliable and experienced real estate agent?

5 reasons to buy off plan property

1. Bargain prices: Compared to other major cities such as London and New York, property prices in the UAE are very competitive.
2. Plenty of options: With numerous new projects popping up in the market on a regular basis, as an investor, you will have access to a wide range of options.
3. Quick capital gains: Buying off plan property allows you to buy a property at today’s price. By the time construction is completed, the property will be worth more than the price you paid for, especially in an emerging market like Dubai.
4. Great rental yields: Despite a slump in property prices since 2014, rental yields in Dubai have remained stable.
5. Savings on repairs and maintenance: An off plan property offers you a brand new home that is unlikely to give you maintenance issues compared with an older property that could present expenses in the form of renovation and repairs.

At Better Homes, we offer a wide selection of off plan properties. Our property search feature allows buyers from across the world to find under-construction properties for sale in Dubai. Each listing features important information so that users can research potential investment opportunities like never before. For enquiries, please call +971 4 409 0991 or email offplan@bhomes.com

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Dubai's Best Real Estate Agency

Whether you’re looking for a beachfront villa for a week or an apartment for a year, we at Better Homes, have you covered. Choose which homes you like and when you’d like to see them. Our advanced and easy-to-use search platform displays the best real estate and latest updates continuously – you see everything our agents can see.

Transition seamlessly from searching for Dubai real estate on our platform to collaborating with an agent to narrow your search and visiting open houses.

Partner with top agents through the entire process of buying, renting, selling or leasing Dubai real estate: from search to signing. Find an expert who knows the nuances of your neighbourhood and has a track record for selling and letting properties similar to yours. As an established real estate agency, Better Homes offers a refreshingly simple way to find the home you love. And the best online search experience of the latest Dubai real estate for sale and rent alongside unique insight into the property market.

Combining technology, teamwork and personalised service, we make it possible for you to work with licensed experts who understand the numbers driving every sale and take control of your Dubai real estate search.

As an expert real estate agency, we also place heavy emphasis on data accuracy. Our system patrols all listings for accuracy with regard to prices, and images and descriptions to ensure that they match real-life details. With our ‘search by agent’ feature, we help you work with the best Dubai real estate agents in the market by enabling you to view customer ratings, business strengths and public reviews and thereby connect with the right agent for you, every single time.

Rate and review agents. See who specialises in your community and has the right experience to meet your needs. Enjoy property recommendations handpicked for you. Save properties for later viewing.
Dedicated to empowering you with the right data, tools and knowledge and connecting you with the best professionals in Dubai real estate, we make the process of finding, selling or renting your home or office stress-free and enjoyable.

Click here to get started with your Dubai real estate search.

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UAE Real Estate Events in 2016

One of the key UAE real estate events this year was the passing of the long-awaited legislation to better regulate the Abu Dhabi property market. The new law (Law No. 3 of 2015) is a positive step towards standardising practices in the capital’s real estate environment and in turn, increase real estate/property investment in the emirate and across the UAE. The law also looks to tackle the myriad of concerns raised by investors and developers while drawing on the investment experience and landscape of Dubai. Hence, this regulation is considered an important step forward as a source of legal protection for stakeholders.

A key trend that we think will define this year’s UAE real estate market is tightening liquidity. With oil prices remaining low, we think that a general tightening of liquidity will impact real estate/property investment in 2016. Thus, conventional project financing such as bank lending may become difficult, driving developers to seek alternative funding mechanisms such as joint ventures, refinancing, etc. Functionality is likely to emerge as an important factor for occupiers in search of new office spaces. While overall levels of demand are expected to be lower than last year, buildings that offer efficient working environments and other services such as sufficient parking with access to public transport will remain in demand.

 The hospitality industry is all set to evolve and change as overall demand softens this year. As Dubai’s core luxury UAE real estate market transforms into a more broad based hospitality offering, how to operate and gain profitability in 2016 remains to be seen. Another trend that can be expected to emerge this year is a renewed focus on adding value to existing buildings rather than developing new ones. This change is resulting in an increase in demand for fit-out within retail, office and hospitality projects. Occupiers are re-examining their fit-outs as a more cost effective option than moving to a brand new space. Conversely, there seems to be less demand for iconic or less functional buildings.

Moreover, this year, we expect to see a modest rate of growth as the overall economy adjusts to a sustained period of lower oil prices. While new real estate/property investments are in the pipeline, most of this supply is being phased over many years, not in 2016. As people realise that double-digit quarterly or annual price growth are not here to stay, market sentiment and confidence will increase, leading to more transaction activity and healthy and sustainable price appreciation in the UAE real estate market.

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Viewing the horizon for Dubai real estate in 2015

It is almost 10 years since Dubai's property business went into a subsidence fuelled money related plunge, and the emirate has seen something of a Hollywood style rebound. In any case, in 2015, 'once nibbled twice bashful' is the mantra of numerous industry experts sharp not to see history rehash itself.

Back in alarming 2008, house costs in Dubai dropped by a huge 70 for each penny after an infection of off-arrangement property flipping – and an excessively, too quick mentality – injured the business sector.

Be that as it may, the Bedouin Spring, in addition to the obligation rebuilding of Dubai World, saw a colossal rerating of Dubai real estate from 2012. The property showcase then topped in April 2014, prompting costs falling by around 20-25 for every penny. Right now, most concur the business sector has hit its first real redress subsequent to the money related tidal wave of 2008.

So what precisely is not too far off for land in Dubai as we push ahead? Can financial specialists and land firms at long last stride off the rollercoaster?

Its a dependable fact that normal manor and flat costs fell by no less than three for each penny in the initial four months of 2015, however this has not halted engineers from progressing with development. This has prompted an emotional decline in exchanges from the elevated amounts of mid 2014. There is additionally the sudden increment in expected conveyances, which is said to go from 22,000 to 25,000 – which is around 10,000 units more than in 2014. This all makes an end of 2015 upward spike in the property business close unthinkable.

At that point there is the Russia impact. Managing an account sanctions and the subsidence in that nation have seen money rich Russian Dubai land purchasers everything except vanish. The fall of the sterling against the US dollar has likewise put off UK purchasers.

On the other hand, all is not as grim as it appears. The Dubai government has been doing its bit to raising so as to endure the boat for the advancing years property exchange duties to effectively demoralizing theoretical rises, in addition to the National Bank of the UAE now nearly screens bank loaning for development ventures.

Since the UAE dirham is pegged to the US dollar, the weight of change in accordance with an oil or collapse stun falls on the property business sector and UAE values, which both crested in May 2014 generally as the US dollar record started its mammoth ascent.

It is sure that merchants situated in England, Russia, India and Europe will slice costs this late spring to take advantage of 2015 money win because of the ascent of the UAE dirham and the US dollar since the previous summer.

To put it plainly, these are still stilted times for the real estate business in Dubai, yet there is a more sensible way to deal with working together and a developing industry that ought to begin harvesting advantages.

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Tourists, Residents or Landlords – A Property Management Service for All

Dubai is one of the most sought out tourist locations today, and isn’t just a haven for them. Yearly, numerous people visit the Emirate with the intention of settling down, and with 2020 on the horizon it doesn’t look like the numbers will fall any sooner either. The Dubai real estate industry is already booming and will keep growing making it the best time to invest in Dubai properties at the bargain price. Moreover, visitors here find short-term renting is more feasible in terms of budget as they can conveniently complete whatever business they arrived for, then pack up once they’re done and ready.

Choosing a real estate agency

Getting the most out of an effective property management service depends on the real estate agency you choose to go with. In the case of tourists, a good estate agency will provide them with holiday resorts, beach, villas, apartments and other accommodation options. Most recently, certain Dubai real estate projects that have gained worldwide popularity over the years, namely, the projects involving: The Palm Deira, The Palm Jebel Ali and, The Palm Jumeirah.

With more than 25 years dealing with Dubai real estate, Better Homes is known for their comprehensive services. A person looking for new Dubai properties or interested in selling an existing property will find it relatively easier. Those looking to dive into new opportunities in terms of real estate in the market, the Better Homes property management service takes care of Dubai properties, Abu Dhabi and beyond, giving peace of mind to landlords and tenants. 

The inner workings

Better Homes offers management options for Dubai real estate on single and multiple units, as well as entire buildings and developments in both the residential and commercial sectors. With an average occupancy rate of 96.8 per cent, they have a reliable market reputation of putting landlords and tenants first. 

The estate agency knows and understands that no two Dubai properties are alike and that the same goes for their clientele who usually have varied tastes and requirements. Supervisors and agents even take personal responsibility for properties, ensuring consistency of service.

Analyze your options

Whether you want to buy or rent out a living space to accommodate your family, analyzing your lifestyle needs, family size and income is all you would need to do before checking out Better Homes Real Estate comprehensive property management service.

Their leasing agents and marketing team handle the managed Dubai properties and offer visibility on multiple forms of broadcast media and through their website. While handling Dubai real estate, there’s also screening of potential new tenants, collecting rent, carrying out maintenance and organizing contract renewals, allowing landlords to enjoy the benefit of their investment rather than the hassle are all part and parcel with the service. Thus, tenants can equally enjoy professionally managed and maintained properties with quality service.

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Dubai Real Estate Market – Know The Prospects

The best way to obtain some considerable profit and make money is by investing in the real estate, especially in Dubai, United Arab Emirates. Dubai is offering the most lucrative real estate investment opportunities in the present times. Its advancement in the economic sector makes Dubai as the best option for foreign property investment. Most of the property investors from worldwide would consider in the same manner. It surely makes Dubai real estate completely invaluable.

What you need to do here is to look out for the demand of the entire real estate market in Dubai. Even though the market is slowing down due to the global economic conditions, you can still anticipate Dubai properties offering you some great prospects. Why is it so? Consider the following:

Dubai Free Hold Properties
You can buy real estate in Dubai will complete rights of the private property ownership. It comprises of complete title of the land and property. The foreign nationals can enjoy a 100% freehold ownership of few properties in Dubai.

Development In Dubai
Dubai can offer you with great working prospects. People have been relocating to Dubai, as they find great working opportunities in the area. Thus, they really need a place to stay or live in such as villas, houses, apartments, hotels and other residential real estate.

Architectures Dubai
You can find some of the craziest and tremendous architectures in Dubai. Burj Dubai happens to be the tallest skyscraper building located in Dubai presently. The best thing about it is that a man-made lake surrounds Burj Dubai and it has been able to attract people from all around the globe, and as a result they visit Dubai to see the amazing architectures.

Dubai Properties and Real Estate
Some of the most renowned real estate projects in the world are from Dubai that have been able to obtain International standing. There are 3 man-made islands namely The Palm Deira, The Palm Jebel Ali, The Palm Jumeirah. These projects have been able to attract people from worldwide.

Dubai Tourism
As Dubai happens to be one of the most favorite tourist hotspot, and short-term estate rentals is one of the most thriving ventures. You can provide tourists with holiday resorts, beach, villas, apartments and other accommodation options.

The Dubai real estate industry is already booming and will keep growing. Now, it is the best time to invest in Dubai properties while you will be able to get the property at the bargain price.

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Better Homes Real Estate launches dynamic new website

Multiple new features to improve efficiency and functionality around the property search

DUBAI, UAE - Wednesday, 13th May 2015: Better Homes Real Estate, the region’s leading property agency for over 25 years, has launched an upgraded version of its website to give new and existing landlords, tenants and visitors greater speed and accuracy of information.  The new site is live at bhomes.com and includes multiple key new features such as a simplified search option, a comprehensive open house page, a direct arrange a viewing button, image scroll tool and instant change of search criteria, all of which were created to make the process of looking for a new or selling an existing property more efficient for its customers.

Upgrades to the website were conducted in-house through the company’s Marketing Department over the course of nine months to address client concerns and issues assembled through their Customer Care Department.  While the site has undergone upgrades in the past to continuously ensure best performance, this recent upgrade has been the most complex.

With over 4,000 unique visitors every month, the company’s website is renowned for its innovative approach to showcasing properties and plays a key role in the marketing of client property.  For more information please visit www.bhomes.com or call +9714 600 52 2233.

About Better Homes Real Estate: Established by Linda Mahoney in 1986, this is a full service property agency employing over 500 staff; while its Corporate Office is based in Dubai the company operates 10 branches across the GCC open 6 days a week supported by a 24 hour Customer Care Department; the Better Homes service offering comprises residential and commercial sales and leasing, property management, short-term rentals and off plan sales.  

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Rents are falling across Dubai

Villa and Freehold communities in Dubai exhibiting drop in rents

Being the hub city of Middle East, every year Dubai receives huge number travelers, businessmen, job seekers and second home seekers. Irrespective to the reason and length of their stay in the city, accommodation is the compulsory need for all. It’s obvious not possible for everyone to purchase an apartment or villa in Dubai for their accommodation. Large number of such expats prefers becoming tenant after renting suitable residential property according to their needs. Regular rises in rents and property buying prices are observed after recovering from market crash. Steady rises eventually dragged property rents and prices to higher levels making accommodation a major concern for expats in Dubai.

Recorded Rental Decreases among Dubai Villa Communities

Palm Jumeirah

Renowned community of Palm Jumeirah experiences huge decline in rents ranges from 5% to 23% for four and five-bed units respectively. Units can be rented at Dh475,000 pa, and Dh575,000 per annum (pa) respectively. However, three bed units in same development show rises in rents from Dh310,000 pa to Dh370,000 pa.
 
The Springs

Providing perfect accommodation for families and couples, The Spring faces substantial drop of 15% to 20% in rents for two and three-bed villa units. Now the same units are available at Dh127,500 (previous rent Dh150,000 pa) and Dh150,000 pa (previous rent Dh200,000 pa).

The Meadows

The Meadows, an established master planned residential community; suffer decrease of 4% for three bed units. The unit can be rented at reduced rent of Dh235,000 compared to previous rent of Dh245,000 pa. But four and five bed villa units show marginal increase of 3.77% and 4.8% and can be leased at Dh275,000 pa and Dh325,000 pa, respectively.

Al Furjan

Conveniently located off the Emirates Road and Dubai Investment Park Road, Al Furjan also displays blend of decreasing and rising rents. Significant fall of 8% to Dh170,000 pa is observed for three bed villa units. Whereas, rents are increased by 7.3 per cent and 20 per cent to Dh220,000 and Dh300,000 pa for four and five bed villa units respectively.

Arabian Ranches

Another master planned community of Dubai; The Arabian Ranches also undergo the same situation of falling and rising rents for its different units. Rents are declined by 4.34% with average rents at Dh220,000 pa for three-bed units. However, four and five bed units’ rents are increased by 2.4% and 2%. Same units can be rented at Dh320,000 pa and Dh375,000 pa.

Recorded Rental Decreases among Dubai Freehold Communities

Downtown Dubai

Downtown Dubai, modern and an upscale community, is seeing fall in rents for all kind of apartments from studios top one and two bed units. 6.25% to 7.14% decrease is observed for studios. Now the units can be rented at Dh65,000 and Dh75,000 per annum (pa). Similarly, one and two bed units display the decline of 8.3% to 10% and 5.88% respectively. These units can be leased on rents Dh90,000 to Dh110,000 pa and Dh160,000 to Dh190,000 pa respectively.

Dubai Marina

Dubai Marina, an elegant manmade water front development faces decline in rents for studios, rents are reduced to 6.67% and 8.33% with rents ranges between Dh55,000 and Dh70,000 pa. Although, rents show stability at Dh90,000 to Dh120,000 pa for one and two bed apartment units.

International City

International City, the true home for divergent nationalities and cultures also showing enormous fall of 12.5% in rents for studio apartments which are now rented at Dh20,000 (previous rent Dh35,000 pa). Although two-bed units faces a fall of 8.33% with rent rates between Dh45,000 and Dh55,000 pa. There has been no change in rents of one bed units and lease rates are unchanged between Dh35,000 and Dh45,000 pa.


Remraan

Huge decreases of 11 and 12.5% are observed for studios in Remraam, now the units can be leased at Dh35,000 as compared to previous rents of Dh40,000 pa. Rents for one- bed units stay same at Dh45,000 to Dh55,000 pa.

Discovery Gardens

Discovery Gardens, with spacious multi-sized apartments also suffer from rental decrease of 10% to Dh40,000 - Dh45,000 pa for studio apartments. Moreover, rent for one bed unit faces the decline between 7 - 8.5% and lease rate ranges between Dh55,000 and Dh65,000 pa. But the rent for two bed unit remains same at Dh70,000-85,000 pa.

Conclusion
However, experts are considering this rental decrease a seasonal change which is not expected to continue for longer duration.  Analysts co-relate fall in rents with slower business activities during summer season. The latest RERA rental index cab better guide expats who are looking to rent an accommodation at suitable rents.

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Another property bubble threatens Dubai Property Market, Is this true?

After recovering from an enormous property market crash, Dubai property market regained its momentum. With strong performance and increased property transactions, Dubai has once again become the world’s best performing property market in the world. Increased property transactions with rising property prices once again raised concerns of another property bubble. The emirate experienced sharp hikes in renting and buying prices of properties during 2008. The price rise was due to excessive short-term speculation activity in the market especially for off plan developments. Speculation was observed due to small percentage of deposit amount. Buyers didn’t need to pay the full price for such off plan projects. Number of buyers didn’t have any intentions of paying installments in future. What they did was to flip property quickly to resell on profits. Such market practices halted 100s of projects that were launched during 2008. Lack of funds caused many developers to stall their projects event without informing their customers. Later property market showed signs of recovery at the start of 2012 which continued and market showed complete recovery at the end of 2012. The progress continues during 2013 but real estate and business sector experienced a slowdown as everyone was waiting for the final result for World event of Expo 2020. The glitzy win of EXPO 2020 has enabled Dubai to gain world attention again. Local and international investors started making huge investments in real estate, entertainment and hospitality sectors to cater millions of visitors, which are expected to be visiting Dubai.

Recent market Scenario

Although Dubai property market has recovered, problem signs can be clearly observed again with significant rise in off-plan sales. It is observed that mega developers are launching expensive mega projects. Multimillion projects like Mohammed Bin Rashid City, the world largest crystal lagoon and a massive golf course community are few mega projects recently launched in Dubai. Projects developers are funding such mega projects after selling off plan units which is again the sign of danger. Despite observing such alerts still there are people who do not agree with probability of re-occurrence of property bubble again. They consider this price raises a result of increase in demand and strong economy. It is also observed that banks resumed drenching money in real estate projects especially during the past few months after the successful win to host the world event. But the huge rises in property prices, surging supply and unsustainable demand are the risky mix. This is the same combination that Dubai has previously faced six years ago. But according to authorities, they have already taken regulatory steps to controls the market. Although the regulatory steps are not strict as compared to other global cities facing the same difficulties like Hong Kong and Singapore.

Leading financial institutions stated that it’s too early to say anything with complete assurance but this is actually the time to take some solid actions to tackle the market before market really encounters with another property bubble again.

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Dubai mega projects risking Dubai for boom-bust cycle again

The magnificent win to become the host of an international event World Expo in 2020 has boosted up Emirate confidence. Government officials and analysts have indicated expected rises in population by the end of 2020. As more people will be moving to live and work in the land of opportunities. Urban Plan 2020 predicted the rise in population between 2.8m and 3.2m. Furthermore the event is expected to double the number of visitors choosing Dubai as their destination to visit. The City is expected to receive 25m visitors for 6 months long event. Having considered the overall boost, real estate developers are focusing to invest on residential, retail and hotel projects to provide uninterrupted supply for residential buyers and tourists. State leading developers have announced the launch of various mega projects during the first quarter of 2014.

Why IMF warns on the launch of consecutive mega projects in Dubai?

Despite showing economic strength, huge supply of mega projects can be risky for further economic growth in future with fresh debts and overcapacity. To avoid such risks it is essential to execute these projects wisely with suitable regulatory measures.  Irrespective to the warnings by IMF, State Government officials of Dubai announced the launch of another gigantic mega project to develop Entertainment and Hotel District to serve tourists during the scorching season of Gulf summer.Emirates ruler Sheikh Mohammed bin Rashid Al-Maktoum told that the mixed use mega project will comprise world’s largest shopping mall, the Mall of the World spreading over the area of 8-M sq ft, theater, theme park, medical tourism facilities, 100 hotels and serviced. Furthermore the whole project will be interconnected with more than 4 miles long temperature controlled promenades that will be open during winter but remain covered and air conditioned during the scorching temperatures in summer. Upon its completion the project will be capable to tackle 180-M visitors every year. 

Dubai efforts to manage the expected risks

State Government officials are very confident to handle all associated risks of expected boom-bust cycle. It is expected that strong economy will help government linked firms to restructure their debt. Analysts predicted that it’s not wise to construct mega projects just because of single event. Oversupply of retail stores and hotel units may suffer when expo ends and visitors depart to their homes. Residential property in Dubai becomes very expensive with prices reaching to upper limit of affordability for many buyers. Besides this price rise of residential real estate newly launched projects are being offered at 5-30% premiums. However, developers are offering relaxed payment plans to drag buyers’ interest. The practice of selling off plan units to deposit funds for properties that are not going to be built for many years can fuel potential weakness in the market in near future.

Other mega real estate projects that are announced recently include Deira Islands (a 15.3-km waterfront cluster of hotels, residential areas, resorts and retail) and Mohammed bin Rashid City District One ( a residential projects of 1,500 villas). On the other hand renowned developers like Emaar, Nakheel and Dubai properties have also announced the extension of their existing project.

End-note

After analyzing and considering the latest market trends it has become clear that oversupplying the similar property units like apartments, villas, mall and hotels have strong risk to create a new boom and bust cycle in real estate Dubai.

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Unified Mandatory Dubai Real Estate Contracts, latest regulatory regime by DLD

Dubai Land Department (DLD), the chief regulator of Dubai real estate sector is always trying to take logical initiatives to provide better regulatory infrastructure for everyone involved in property transactions. The current announcement regarding mandatory enforcement of unified real estate contracts from May 1st 2014 is expected to benefit all three parties involved in any real estate deal; the buyer, the seller and the broker. Basic aim of implementing standardised property contracts is to better monitor emirate property market. 

Standard contracts have already been published earlier in 2008 to proffer some level of regulation to asset market. Although, brokers were not bound to follow rather they were allowed to make their own choices to follow these standard contracts or not.  According to the latest announcement by Director General of DLD, Mr. Sultan Butti bin Mejren, the mandatory contracts will also help to limit fake brokers and get rid problems occur because of lack of clarity and misinterpretation among parties. 

The unified mandatory Dubai Real Estate Contracts

Having considered the in-depth analysis of DLD services for betterment of customers, authorities have identified the need of mandatory implementation of standard real estate contracts for proper organisation of relationship between parties involved in buying and selling deals of Dubai properties. The newly designed unified real estate contracts include three types of contracts, Form (F) a contract between seller and buyer, Form (A) a contract between seller and broker and Form (B) a contract between buyer and broker. All of these models are available to download from Dubai government E-mart website (www.emart.gov.ae). After that forms are filled by parties involved and contract becomes formal once it has recorded and documented at DLD. Consider executing their primary aim to enhance the transparency and professionalism of emirate real estate sector via measurable standards, the latest regulatory regime is perfectly aligned with their primary motif.

Expected Benefits      

   

Furthermore, the new contracts are expected to improve the market confidence by speeding up the overall process of property transactions. The regulatory regime will also facilitate buying and selling asset in the emirate as it allows buyers and sellers to complete the registration process without an agent. This will give more freedom and reduce dependency of buyers and sellers upon real estate agents. Moreover, the regulatory move is welcomed by all property agents in Dubai. In addition to avoid misunderstandings of articles, the unified contracts will also guarantee the rights of all the stakeholders involved. 

The primary aim behind such regulatory regimes is to avoid another property bubble by limiting sky rising property rents and prices in Emirate, which could lead market to experience another crash. 

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