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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Why Holiday Homes for Short Stays in Dubai

Being amongst UAE’s leading online marketplace for Dubai short stays, at Better Homes our mission is to make great holiday homes in Dubai available to our users. With numerous short stays and a growing list on our portfolio, we are committed to helping people find the ideal vacation rental to create unforgettable travel experiences.

Dubai, as we all know is a great family vacation destination. Here, you can visit the popular Dubai Museum, explore the Burj Khalifa which is the world’s tallest, play with dolphins at Aqua Venture, get your heart pumping on thrilling roller coasters or tee off at fun and challenging golf courses. There are many outdoor activities such as jet skiing and shopping at some of the world’s biggest and best malls. Explore the sunny beaches and long stretches of white-sand shores.

The increasing popularity of holiday homes has led to an outburst of online resources, which can be quite overwhelming and confusing. With thousands of Dubai short stays listed online, how do you go about finding the one that is right for you?

Booking short stays with Better Homes is your solution. Not only is Dubai a vacation paradise for families, it also features some of the biggest and most affordable holiday homes around. With Better Homes, it’s easy to find a great deal on short-term rentals and enjoy plenty of space and luxury - for less than what you would spend on a standard hotel suite. While some vacation rentals are fully furnished, some also feature equipped kitchens. Enjoy staying at a great bargain close to a quiet neighbourhood and enjoy an optimal and a comfortable experience that can rival a hotel for a fraction of the cost.

Escape the confines of a hotel. Relax, enjoy your stay and build your best vacation ever. Also, you can enjoy the freedom of a Better Homes rental. Our selection of Dubai short stays are professionally inspected. Why? Because your vacation time is valuable, which explains why we handpick every property. The result? Holiday homes that won’t leave you with unwanted surprises. Enjoy staying at a great bargain close to a quiet neighbourhood and relish an optimal and a comfortable experience that will rival a hotel for a fraction of the cost.

With a wide variety of holiday homes in Dubai, you will be able to find rentals for a romantic getaway, a summer holiday or a family reunion. Whether you are looking for short stays for two or ten people, you will find plenty of holiday homes with amenities that will create amazing memories of your stay in the city!

In a bid to provides greater transparency, safety, and standardisation of the Dubai holiday home market, Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) has outlined regulations that detail specific criteria which states that home owners need to meet to apply for a licence, including quality standards, amenities, health and safety, insurance necessities, code of conduct and wider community integration. Home owners are also required to use a Dubai Tourism licensed operator to rent out their homes and maintain them as per stipulated standards.

Astute investors are now looking at buying holiday homes in Dubai. Dubai is a world-class holiday, business and leisure destination, a status that is expected to strengthen in the build up to Expo 2020, which is the mega event, expected to attract around 17.5 million visitors from across the globe. This is in addition to the double-digit growth in the tourism sector that Dubai has seen in recent years, making investing in Dubai short stays a lucrative investment option.

Tourism is expected to increase between 7-9 percent over the next five years and account for almost 30 per cent of Dubai’s GDP. Further, Dubai has close to 160,000 hotel rooms in the pipeline over the next five years. Many of these will be in response to the expected Expo 2020 demand, but also reflect Dubai’s booming tourism industry.

It’s no surprise that investors are looking to cash in on the Dubai holiday home sector for lucrative opportunities. With Dubai’s property market holding steady and the demand for short stays rising every year, now is an excellent time to invest in new Dubai vacation rentals. Not only do they tend to be less volatile than Dubai residential properties, they also offer greater yields.

Get started by searching our selection of vacation rentals now!
  

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Why Holiday Homes for Short Stays in Dubai

Being amongst UAE’s leading online marketplace for Dubai short stays, at Better Homes our mission is to make great holiday homes in Dubai available to our users. With numerous short stays and a growing list on our portfolio, we are committed to helping people find the ideal vacation rental to create unforgettable travel experiences.

Dubai, as we all know is a great family vacation destination. Here, you can visit the popular Dubai Museum, explore the Burj Khalifa which is the world’s tallest, play with dolphins at Aqua Venture, get your heart pumping on thrilling roller coasters or tee off at fun and challenging golf courses. There are many outdoor activities such as jet skiing and shopping at some of the world’s biggest and best malls. Explore the sunny beaches and long stretches of white-sand shores.

The increasing popularity of holiday homes has led to an outburst of online resources, which can be quite overwhelming and confusing. With thousands of Dubai short stays listed online, how do you go about finding the one that is right for you?

Booking short stays with Better Homes is your solution. Not only is Dubai a vacation paradise for families, it also features some of the biggest and most affordable holiday homes around. With Better Homes, it’s easy to find a great deal on short-term rentals and enjoy plenty of space and luxury - for less than what you would spend on a standard hotel suite. While some vacation rentals are fully furnished, some also feature equipped kitchens. Enjoy staying at a great bargain close to a quiet neighbourhood and enjoy an optimal and a comfortable experience that can rival a hotel for a fraction of the cost.

Escape the confines of a hotel. Relax, enjoy your stay and build your best vacation ever. Also, you can enjoy the freedom of a Better Homes rental. Our selection of Dubai short stays are professionally inspected. Why? Because your vacation time is valuable, which explains why we handpick every property. The result? Holiday homes that won’t leave you with unwanted surprises. Enjoy staying at a great bargain close to a quiet neighbourhood and relish an optimal and a comfortable experience that will rival a hotel for a fraction of the cost.

With a wide variety of holiday homes in Dubai, you will be able to find rentals for a romantic getaway, a summer holiday or a family reunion. Whether you are looking for short stays for two or ten people, you will find plenty of holiday homes with amenities that will create amazing memories of your stay in the city!

In a bid to provides greater transparency, safety, and standardisation of the Dubai holiday home market, Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) has outlined regulations that detail specific criteria which states that home owners need to meet to apply for a licence, including quality standards, amenities, health and safety, insurance necessities, code of conduct and wider community integration. Home owners are also required to use a Dubai Tourism licensed operator to rent out their homes and maintain them as per stipulated standards.

Astute investors are now looking at buying holiday homes in Dubai. Dubai is a world-class holiday, business and leisure destination, a status that is expected to strengthen in the build up to Expo 2020, which is the mega event, expected to attract around 17.5 million visitors from across the globe. This is in addition to the double-digit growth in the tourism sector that Dubai has seen in recent years, making investing in Dubai short stays a lucrative investment option.

Tourism is expected to increase between 7-9 percent over the next five years and account for almost 30 per cent of Dubai’s GDP. Further, Dubai has close to 160,000 hotel rooms in the pipeline over the next five years. Many of these will be in response to the expected Expo 2020 demand, but also reflect Dubai’s booming tourism industry.

It’s no surprise that investors are looking to cash in on the Dubai holiday home sector for lucrative opportunities. With Dubai’s property market holding steady and the demand for short stays rising every year, now is an excellent time to invest in new Dubai vacation rentals. Not only do they tend to be less volatile than Dubai residential properties, they also offer greater yields.

Get started by searching our selection of vacation rentals now!
  

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Residential Property Management Services in Dubai

Better Homes Property Management is raising the bar in managing Dubai residential property/ies. Our knowledge of the local markets combined with our customised marketing strategies result in maximising rental returns, minimising risks and promoting long-term sustainable tenancy for Dubai residential property owners. Founded in 1992, Better Homes Property Management has met the needs of numerous clients’ Dubai residential property portfolios. Today, we have a dedicated team upwards of 75 people, taking care of properties in Dubai, Abu Dhabi and across the United Arab Emirates.

We offer property management solutions for single units, multiple units, entire buildings and developments in Dubai’s residential and commercial segments. Our occupancy rates run at an average of 98.7 percent to our credit. We offer a full and comprehensive range of property management services ranging from accounting to coordination of repairs and maintenance. At Better Homes, we strive to provide professional and proactive property management along with exceptional customer service to owners and tenants.

Market Research and Property Inspection

Our dedicated Property Management team systematically performs a market rental analysis and a thorough inspection of Dubai residential property/ies in order to determine the appropriate rental value. Upon communicating this to the owner, we begin teaming up with them to strategically manage their unit. Additionally, we conduct a detailed pre-handover inspection of your Dubai residential property, identifying all visual defects and faults that need to be rectified by the developer.

Marketing

Better Homes Property Management effectively markets Dubai residential property/ies so that a reliable tenant can be identified through our professional screening services. Our key online marketing tool is the Better Homes website, bhomes.com, which attracts millions of unique visitors each month and has all the information a prospective tenant needs in order to make an information decision about whether or not to rent a particular property. Every Dubai residential property unit page includes a description of the home, location, size, floor plan and rental fees. Additionally, we engage in the re-marketing and management of vacant Dubai residential property/ies between tenancies.

Tenant Screening

Better Homes Property Management utilises a professional screening service to evaluate a prospective renter’s credit, background check, professional and employment history, rental history and other references. Our complete screening process offers numerous rewards and advantages such as low tenant turnover, sustained occupancy rates, happy tenants and satisfied Dubai residential property owners. 

Rent Collection

Better Homes Property Management promptly collects rents and provides the owner with a check or a direct deposit to the account of their choice. 

Dispute Resolution

We do our best to resolve disputes in a judicious manner. In the event of non-payment by tenant, absconding tenants or other disputes requiring legal attention, we register the landlord’s case with the Dubai Rental Dispute Settlement Centre. Additionally, we arrange for notarized legal notices to be sent to tenants, on behalf of the landlord, in accordance with the governing law.

Move-In/Move-Out Process

At Better Homes Property Management, we do a comprehensive walk-through of Dubai residential property/ies and have a detailed document to assess damages. Further, we conduct periodic inspections to ensure that Dubai residential property/ies are maintained responsibly and are ready to move into. At the end of a tenancy contract and at the beginning of a new one, we provide a detailed check-in/check-out report which has information on our inspection to record the condition of the unit and verify that the handover is complete and/or that deliverables such as keys, access cards and documents are received by the landlord from the tenant. 

Maintenance/Repairs

Better Homes’ Property Management team address maintenance requirements and if required, contact our wide range of preferred partners to get quotes on behalf of the owner to promptly address any issues arising on Dubai residential property/ies.

Value Added Services

In addition to the services mentioned above, our Property Management team liaise with the developer and Dubai Land Department to obtain your Dubai residential property title deeds. 

One of the biggest decisions you will need to make as a Dubai residential property owner is whether or not to hire the services of a property management company. While you may be able to manage your properties on your own or with the help of an independent person, you may need more help, and that is when a property management expert such as Better Homes will add value to your investment portfolio.

By working with a property management company such as Better Homes, as a Dubai residential property/ies owner, you save time and worry over marketing your properties, rent collection, property preventive maintenance and repair, responding to tenant complaints, tenant screening and sometimes even pursuing evictions.

Additionally, as Property Management experts, we bring our know-how and expertise to your Dubai residential property, giving you the peace of mind that comes with knowing your investment is in safe hands.

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Abu Dhabi Property Market in 2016

The Abu Dhabi real estate market saw some good and not so good times last year. While sales prices in the Abu Dhabi residential and Abu Dhabi commercial segments have pretty much remained flat since the end of 2014, the Abu Dhabi renting sector saw a rise of close to 7 percent in some areas in 2015, according to market reports.

So, how will sales and leasing markets in Abu Dhabi perform this year? Let’s take a look.

As for new units coming on to the Abu Dhabi market, there doesn’t seem to be much to expect this year in terms of prime, affordable housing initiatives. While numerous projects such as Mamsha on Saadiyat Island, Ansam, Mayan and West Yas on Yas Island and Al Hadeel on Raha Beach are being planned, these are not expected to come online until next year. In fact, third-quarter 2015 reports state that only 2 to 3 percent will be added to the total housing stock every year over the next two to three years in the capital.

On the other hand, leasing demand in the Abu Dhabi residential market has remained strong, with rents witnessing a spike of 5 to 7 percent last year. Recent data reveals that rents are expected to witness an increase of 4 to 5 percent this year. Factors that have contributed to this rise may have been low supply together with an increasing population, as according to the Statistics Centre in Abu Dhabi, the average annual population growth rate over the last eight years has been over 7 percent. The outlook for the economy also seems positive with the IMF’s latest reports suggesting that the UAE economy is anticipated to grow by 3 percent this year.

A long awaited property regulation has been brought into effect and could aggravate the undersupply. The new law focuses on developers and investors, and has been initiated to enhance transparency in the market and thereby make it more attractive for investors. As per the ruling, developers have to meet new requirements for licensing and act swiftly to adhere to deadlines imposed by the law if they are to avoid penalties. The regulation may make developers cautious and make development less likely to occur, especially in prime areas. Furthermore, a rental index based on indicators such as location and number of bedrooms similar to RERA’s Rental Index may be in the works; however, there has been no indication as to when it will be announced or implemented so far.

A question that’s on everybody’s mind is how oil prices will affect the Abu Dhabi commercial and Abu Dhabi residential real estate markets. The oil price decline has led to a reduction in government spending with regard to future projects, softening investors sentiments due to lack of supply. While continued increases in leasing prices should lead to rises in sale transactions, this doesn’t seem to be organically developing. However, we think that continued rent rises may lead to investors and end users jumping in to take advantage of high yields and control rents. Moreover, as the population rises, rents will rise and returns will keep looking good. This will in turn have buyers coming back to the market to cash in on savings.

However, if the Abu Dhabi government spending takes a cut and companies lay off employees, then the population is likely to stagnate, giving way to bloated housing inventories which may in turn cause sale and rent prices to fall. So it seems like market stability will be dependent on the government continuing to invest in major new infrastructure and economic development projects.

Hence, how the market will perform will depend on a myriad of factors. We’ll have to wait and watch. 

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