Showing posts with label Residential Properties. Show all posts
Showing posts with label Residential Properties. Show all posts

Monday, January 5, 2015



Raised from a small fishing village, Dubai has recognized itself among international hub cities. The highly developed Middle Eastern country is capable to cater business, investment, leisure and entertainment needs for people living and visiting. Besides fulfilling these business needs, real estate investors and developers focused to construct the wide range of residential dwellings to fulfill diverse accommodation needs of people coming and staying in the city across the world.
Despite being ultra-modern, spacious and well fitted with chic home fixtures, residential units can also categorized into different types according to their construction pattern and architectural design. If you start searching residential properties for rent in Dubai, you will find diverse kind of dwellings.

Residential property types

Perhaps, you have decided relocating to Dubai with intentions to become an expat worker or a foreign investor. You will essentially need a suitable lodging space in order to keep your belongings safe during your stay in the city. It’s not possible to buy or rent a home as soon as you land in the city. Initially, you may book a hotel room for your stay. But you can’t continue living there for the longer period of time let’s say for several months or years. As it can vanish away your funds soon. What I suggest for such expats is to do some research on the internet before you actually landed in the city. While searching on the internet you will find a wide select of housing units available for rent which can facilitate tenants including singles, couples, and families. You are free to select the most suitable housing unit to rent after considering your lifestyle and accommodation needs. Below I have discussed few most common types of residential assets available for rent in the city.

Apartments

The kind of housing refers to a purposefully constructed unit in a multilevel residential building. Dubai is known to offer various kinds of apartments that mainly include studios, classic units with one to several bedrooms and penthouses. You can choose to rent them furnished or unfurnished. They can support comfortable living for singles, couples, and standard families as well.

Villas or Single Family Homes

According to their construction design, Dubai villas are same like single family homes. They don’t share walls with their neighborhoods. If you have migrated with your family, this will be a perfect choice for you. After considering your family needs, you can rent a small unit with three or four bedrooms or more in case you have the huge family. You can enjoy unmatched privacy while living in the villa. Possibly these units possess their own front yard and backyards. Despite all these benefits, you will need to spend more time on maintenance.

Condominiums

Condominiums are more like single family homes. What makes them different from single family homes is that they share walls with one or two other units in the community. Most of the projects offer shared facilities for community residents including the gym, swimming pools and lounge areas for community gatherings.

Townhouses

The type of unit is a combo of condominium and single family home. Townhouses are usually constructed in the building with multiple floors. Their interior construction design is same like single family homes with shared walls like condos. The dwelling also offers shared rooftop deck or sitting area or yard space that can be used for gatherings. But they don’t offer gyms and pool.

Whether being single or expat, if you are looking to find suitable accommodation for rent in Dubai, diverse options are their to execute housing needs. It’s all up to you to identify the best dwelling type to rent.

Tuesday, December 30, 2014


United Arab Emirates is listed among the wealthiest regions on the earth. The oil rich country has successfully diversified its economy after investing petro dollars in business, trade, tourism, finance and real estate sectors. The zero tax regimes on monthly income or for personal assets make this country heaven for investors and foreign job seekers willing to improve their standards of living. A decade back foreigners were not allowed to buy real estate, leasing used to be the only option they can avail for their accommodation or business. Later, implementation of freehold property law in year 2002, empowered foreigners to buy assets in designated areas of specific emirates. Dubai was the first among all seven emirates and allowed overseas buyers to buy real estate assets not only to fulfill personal accommodation needs but also as an investment. Having observed the positive impact of this bold decision, the neighboring emirates of Abu Dhabi and Sharjah open their asset market for overseas buyers as well.

Why buying residential property can be profitable?



Residential properties for sale in UAE have emerged the most profitable investment among all. There is a very good margin of earning profits. Whether you resell your investment asset or you rent your asset, you can generate profits in short and long run respectively. Here a question may arise in your mind, why reselling and renting residential assets is profitable? To answer this question I would like to discuss few factors that may not directly associated with these common profit earning methods. The central location at the cross roads of major continents of Asia, Africa and Europe has made UAE easily accessible with maximum flight distance of eight hours. Secondly warm winters, white sandy beaches and year round sunshine, negligible crime rate and luxury life style, adventure and entertainment venues efficiently dragged tourists and holiday makers. People are now considering United Arab Emirates not only to relocate to find second home but also to spend a memorable time with their family and friends. Irrespective to their reason or duration of their visit, they need suitable accommodation. This has directly increased the demand of residential assets in UAE. If you are a home owner you can simply rent your house and earn good money in the form of rent. Or if you want to earn profits after reselling your villa or apartment you are allowed to do it as soon as you find the right buyer.

How State government and financial institutions facilitate property buyers?



In addition to approving free hold ownership rights to overseas buyers, State government and financial institutions in UAE also designed reasonable mortgage structure to provide financial assistance for local and foreign buyers alike. Currently, local or Emiratis buyers are eligible to take mortgage of 80% of the total value for their first purchase and 65% of the total value for their second purchase. Whereas, expatriate or overseas buyers are allowed to avail mortgage of 75% of the total value for their first purchase and 60% of the total value for second purchase. For off plan property investment, all buyers irrespective to the nationality, will only be able borrow 50% of the total value of purchase. The maximum age limit at the time of repayment of last installment of loan is 65 years for expats and 70 years for nationals. Loans are issued for maximum of 25 years.

Residential property types available for sale

Major residential properties available for sale in UAE include villas, apartments, studio apartments, resorts, hotel apartments and hotels. You can choose a suitable asset type to invest your money in any type of them after considering your interest and budget.

Besides earning profits after buying residential property in UAE, you can also enjoy 3-year residency VISA that can be renewed easily. Being a home owner in this country will make you feel privileged to have a second home in the regional hub of Middle East.