5 Facts You Need to Know Before Investing your Hard-Earned Money in a Home in UAE. Featured
Are you preparing to shop for your 1st home? Buying a property for the very 1st time can be often exciting, overwhelming and difficult all rolled into one. Therefore, there are a million things that need to be in place before you go out and make your decision of investing in such a valuable thing. Buying property within the UAE is a chic affair and one that is certainly going to be a large money commitment for you. With a sale as massive as this, it’s imperative that you just move into a hundred percent ready and along with your eyes wide open. And even before you begin watching prospective properties, you need to lay the groundwork for your future as a house owner. As UAE is such a widespread market and the real-estate industry in the region is such a flourished one, this task can become all the more tedious for a potential investor within such a big gigantic market and with hundreds and thousands of master-developments in such a metropolis like UAE. Thus, as we stressed even earlier, there needs to be full-fledged plan laid out before one goes out and takes this huge leap of faith. We have shortlisted things that you just should do before you get a house, therefore, you do not find yourself with any surprises. Find out what you’ll be able to afford It is vital to require into consideration your earning potential additionally as long-term money commitments to work out what proportion you’ll be able to truly afford to pay on your 1st home. whereas you’ll mechanically be restricted to obtaining a mortgage value 75 per cent of the property price if you are shopping for a ready property within […]
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Saeed Al Qatami, the CEO of Deyaar elaborating the importance of proper homework for Property Buyers in UAE prior investment. Featured
Saeed Al Qatami, the CEO of one of the biggest and most renowned master-development entities ‘Deyaar’ in UAE, states investors who fall for deals that sound too good to be true have only themselves to blame for not doing their homework right. Extremely stretched and extended plans, beyond belief discounts and guarantees of secure savings are among the sales pitches developers in Dubai are exploiting to lure customers into buying a property within the emirate amidst current subdued market conditions that have persisted since the oil costs plunged in 2014. With a plethora of discounted properties on offer not just at events like that at Cityscape, however, all year spherical, Saeed Al Qatami, CEO of Deyaar Development insists that consumers have to be wise and study a developer’s record. Shedding some more light over the gravity of this situation, he stated further: “See, today you have to put your feet on the ground and be realistic about everything,” Al Qatami stated. “So the first thing is: Is this going to happen? Is this reliable? You want to give your money to someone who is going to deliver”. “If somebody is going to show me wow, amazing pictures, amazing photos, amazing payment plans, AED1.7 million discount or I don’t know what other sort of gimmicks, and at the end of the day it doesn’t get delivered, (then) I don’t blame that developer. I blame the investor […]
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5 Simple Tips to achieve success in the erratic Real Estate Industry. Featured
Real Estate in UAE in retrospect, has always been a deal sealer for the country. The very existence and foundation of the whole country serves as the epitome of some phenomenally mastered real estate developments. Owning some globally iconic wonders to its name, UAE is sure shot a tale of rags to riches given the pace, hard work and exceptional use of intellect it has invested in transforming a dessert to a metropolitan. Thus, Hundreds and Thousands of new real estate agents open up their businesses every year, and they have high expectations for income from helping people to buy and sell homes. It’s that high-income expectation without a lot of hard work that gets some of them into trouble. Yes, you can make good money in real estate, but the median income of a real estate agent has held pretty steady over the past few years at around $44,000. Out of that $44,000 are subtracted their costs to get and maintain their license, errors and omissions insurance coverage, and marketing and advertising to build their business. A very high failure rate plagues the industry in the first two years of agent business. That first year or two is when […]
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The wave of investing in Hotel Apartments after the launch of Rove Hotel CityWalk in Dubai! Featured
After the launch of the path-breaking Rove Hotel City Walk in the Downtown area of City Walk Dubai, there has been a sudden wave of change within the real-estate market in the region. But before we get started with all the reasons as to how the market is responding to and receiving this trend, we would take the liberty to familiarize you with what Rove Hotel City Walk is about. Rove Hotel Apartments are luxury hotel apartments in the magnificent and one of the most sought-after globally popular vicinity of City Walk Dubai along the gigantic and commercial road network of the popular Sheikh Zayed Road and Al Khail Road. The apartments are built with consideration to an uptown fancy living in provision of all the modern and urban facilities. Emaar Properties, being the global icon that it is has come up with the most unique infrastructure, appeal, design and feel to this two-in-one development i.e. Hospitality as well as Residential in its nature. The apartments speak of all things uber cool, tranquility, peace and serenity from head to toe. The total number of units is 340 in the beautiful tall building of Rove Hotel. All these 340 units are […]
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Visa Reforms to aid and boost Real-Estate Investments in UAE Featured
As we informed our visitors in our previous articles that UAE government and Cabinet Authorities have decided to get more flexible with their visa permit rules, the authorities made an announcement on elongating the visa period for investors and some other specialists belonging to different operational sectors. This special consideration and step were taken to boost and stabilize the currently turbulent real-estate conditions in the country that have been facing quite a downside for some time now. It looks like the decision and announcement certainly worked in favour and turned out successful in achieving the very intention and purpose behind it. UAE cabinet authorities’ announcement on allowing and granting long-term visas to investors, entrepreneurs, and specialists in other disciplines is expected to retain a higher more aggravated number of High Net Worth Individuals i.e. (HNWI’S) High Net Worth Individuals are those possessing a higher number of assets or capital and are capable of making valuable investments like land investment in a given economic set up. The Cabinet Authorities divided the types of investors and their terms and conditions on providing the respective long-term visas in to two main categories i.e. Investors with a property investment value of AED 5 million […]
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Ready to Hail a Driverless Taxi in Dubai? Featured
UAE has been known globally for its out of the box and head-turning inventions the world over. When it comes to technological advancement, the region makes sure that no stones remains unturned and goes with all its might to provide the maximum ease and feasibility that technology can, to its residents. One such recent invention and advancement was announced by RTA- The Roads and Transport Authority in the region to introduce electrical driverless cars in Dubai that would run on batteries and smart artificial intelligence technologies and would have no drivers in them. The trial period for these driverless taxis was announced to be conducted in December in the Dubai Silicon Oasis area. So guess what? It is December! And we are all eager and excited to see what this new wonder has in store for us. View this post on Instagram @dgworlds #Repost @dgworlds (@get_repost) ・・・ More about @rta_dubai #Autonomous #Taxi .. #DGWorld #DGW #digirobotics #Repost @gitextechweek (@get_repost) ・・・ Come and check out @rta_dubai autonomous taxi at #GITEX2018. #GITEXFutureStars #Dubai #UAE #DubaiWorldTradeCentre #tech #news #technews #business #VR #AR #science #cybersecurity #innovation #AI #Internetofthings #BigData #MachineLearning #Robots #ExperienceFutureUrbanism #5GNetwork #Security A post shared by DGWorld (@digirobotics) on Oct 17, 2018 […]
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UAE passport has been ranked the most powerful passport in the world bagging the 1st spot in global rankings. Featured
A new historic achievement… #UAE passport has become the strongest passport & now ranks 1st globally. The achievement coincides with 'Year of Zayed' & UAE's 47th National Day, adding to UAE's numerous accomplishments in various domains.https://t.co/TDcplkB35S pic.twitter.com/OkeBkfs7M9 — Dubai Media Office (@DXBMediaOffice) December 1, 2018 In a recent survey conducted by The Passport Index; one of the most widely acknowledged and followed interactive online tools that provides its users with insights on the ranking of passports across the globe against their freedom of movement and visa-free travel open to the passport holders. This tool then compares the passport values of countries and ranks them in an order. This very tool i.e. The Passport Index carried out its ranking survey of 2018 and ranked UAE on top declaring the UAE passports as the most powerful in the world right now. This proud news came in at the same exact day as UAE’s 47th National Day Celebrations adding further to the country’s pride, happiness and celebrations. The announcement ,made official by the Ruler and Prime Minister of Dubai His Highness Sheikh Mohammed Bin Rashid Al Maktoum on his twitter handle read of his elatedness and pride over the country’s achievement coinciding in […]
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The Land Prices in Dubai are now 50% cheaper than they were in 2008 Featured
The average land sales prices in Dubai in current times is on a half and half drop from the prices in 2007-2008. This clearly indicates that this is probably the best time to invest in those premium plots you have always had your eyes on. The average cost of Dh 325 per sqft, according to Reidin, is the same across freehold and leasehold areas compared to Dh 700 – Dh 800 circa 2007-08. Upon this analysis by Reidin, the CEO of a major real-estate company Fam Properties, Mr Firas Al Msaddi commented: “That means huge savings in outlay and a properly planned development strategy can maximise the return on investment. Investors are taking advantage of the current low cost of prime land in Dubai to exploit profitable opportunities for development. Investors who fail to study the market in detail to ensure they pick the right plot and devise the correct development plan can destroy profits.” Lower construction costs are also being considered as one of the most pivotal and triggering factor for this drop in the current land sales prices. As one a developer sells land, they calculate a cumulative price of all that goes in building it like raw […]
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His Highness Sheikh Mohammed Bin Rashid Al Maktoum frees 1,800 prisoners ahead of UAE’s National Day! Featured
National Day for UAE has always been an avant-garde and yet an extremely emotional and intimate occasion. With wide ranging celebrations to practising ultimate kindness with all the residents of the country, the rulers have always dignified the event more. Thus, maintaining the same, this year as well, His Highness Sheikh Mohammed Bin Rashid Al Maktoum, the Ruler and Prime Minister of UAE decided to release prisoners and inmates who have been serving within the prisons for minor crimes thinking of their families and the value of freedom to them. His Highness ordered the release of 627 prisoners from Dubai‘s prison ahead of the 47th National Day. Some other Rulers also followed suit and decided to pardon these prisoners. The Ruler of Sharjah, His Highness Sheikh Sultan Bin Mohammed Al Qasimi ordered and approved the release of 182 prisoners, The Ruler of Ajman, His Highness Sheikh Humaid Bin Rashid Al Nuaimi pardoned 90 prisoners, and The Ruler of Ras Al Khaimah and Supreme Council Member, His Highness Sheikh Saud Bin Saqr Al Qasimi order the release of 205 prisoners. All these advancements by the rulers of these states were made in encouragement of UAE’s President His Highness Sheikh Khalifa Bin […]
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UAE Cabinet issues long-term visa systems for Investors! Featured
In one of our article releases earlier in the year, we informed our readers on how the Government authorities in the region had decided to grant investors in the region with a 10-year residency visa in order to boost and propagate investments in UAE. Thus, upon a recent meeting, the Cabinet authorities came up with a set of terms and conditions under which these visa extensions and long-term visa grants will be provided to different types of investors. However, this initiative does not center around investors only. But, also includes professionals and specialists from the medical, scientific, research, as well as technical fields. The primary reason behind this decision is certainly to motivate, propagate, uplift and support all kinds of infrastructural, technological and educational advancements within the country. This decision aims to establish and promote UAE’s image across the globe as a country with the finest set of opportunities and an extremely optimal environment to pursue business setups in. The visa policies for all the mentioned field associated individuals vary. We would be focusing on the terms, conditions and set of rules defined for investors in particular as per long-term visa grants. In terms of long-term visa grants, this policy […]
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Apply for Entry Permits & Visit Visas to UAE in just 15 seconds now! Featured
UAE has known to be a country always upgrading and modifying its technological vigor. A country known to be a tourism hub, a haven and home to hundreds and thousands of expatriates flowing in each year in search of better futures and opportunities, UAE has always firmly believed in the provision of the best of services to its residents as well as visitors. Be it for tourism purposes, visiting relatives or just coming to the country in search of opportunities, people travel to UAE in large volumes and facilitating them with utmost precision and efficiency is a herculean task. The General Directorate of Residency and Foreign Affairs (GDRFA), therefore, came up with the idea of introducing and incorporating the latest technology of Artificial Intelligence within its operating system. This device, working along the principles of Artificial Intelligence has minimized human intervention drastically and works in record time with utmost precision. This device, called the “Entry Permit 50+”, was tested to process and finish over 5 million transactions in a record time with officials confirming absolutely 0 waiting and 99% fewer visitors now visiting the service centers and waiting in queues. Major General Mohammed Ahmed Al Marri, the Director General of […]
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4 day long weekend coming ahead in UAE on the 47th National Day of the country! Featured
The announcement regarding the two-day holiday in lieu of UAE’s National Day Celebrations was made by the UAE Council of Ministers on Friday, November 16th, 2018. In their announcement, they mentioned that Sunday, December 2, 2018 and Monday, December 3, 2018 will be a holiday for both the public as well as private sector in UAE. As Fridays and Saturdays are already off in most offices and operational sectors across the region, this will provide the residents with a chance to relish a 4 day long weekend at their homes with their families and heave a sigh of relief away from the monotony of everyday routines. The National Day in UAE is a big affair every year. The day is celebrated with utmost grandeur and enthusiasm all across the country. However, this year, The Ruler, and Prime Minister of UAE, His Highness Sheikh Mohammed Bin Rashid Al Maktoum announced that UAE looks forward to celebrating the country’s achievements rather than personalities. #مجلس_الوزراء يعتمد يومي 2 و 3 ديسمبر عطلة رسمية للقطاعين الحكومي والخاص في الدولة بمناسبة #اليوم_الوطني الـ 47 على أن تبدأ الإجازة من يوم الجمعة ويستأنف الدوام الثلاثاء#وام — وكالة أنباء الإمارات (@wamnews) November 16, 2018 Thus, we at […]
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UAE’s National Festival of Tolerance to be celebrated from November 9, 2018 to November 16, 2018. Featured
UAE has been known as one of the countries that hold rock-solid values in terms of their outlook towards tolerance and decades after decades, the rulers of the state have inculcated and inherited the same values to their successors which they have imbibed upon. UAE is the perfect pinnacle of what is called a global village. It homes hundreds and thousands of expatriates coming from various different corners of the globe to this country. It, thus, becomes the need of the hour that the governing system of the country speaks and breathes tolerance towards race, language, color, creed, age, occupation etc. Therefore, the governing bodies in this respect, have taken some active steps to endorse the significance of the matter. UAE cabinet hosts a Minister of State for Tolerance under the UAE Ministry of Tolerance. Every year, the country hosts several conferences, programmes, activities, tournaments, etc to promote this message to the world out there and make them see how important it is to accept others wholeheartedly and to not shame others or hate on people. The country sends the most important message of peace and tolerance to the world on a global scale. The Honorable Vice President and Prime […]
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Real Estate loan policy becomes more flexible after Central Bank of UAE removed the 20% cap on Real Estate lending Featured
In a recent announcement to the media, Mr. Al Ghurair, the Banking Federation Chief announced that the 20% cap on real-estate lending as a percentage of the total deposits of the banks would be lifted by the Central Bank of UAE. The lending cap was lifted in lieu of a new law issued in October and a new ceiling has not been put in place yet. Mr. Al Ghurair shed some light on the advancement saying that the banking body is working with the regulator to define what real-estate actually is and what falls under it i.e. whether the loans for assets such as hospitals, schools, malls and mortgage landing would classify as real-estate loans? If in these cases the repayment source of the borrower is through their salaries? Adding further Mr. Al Ghurair stated: “With the new law there is no restriction … it has been lifted. The 20 per cent cap [on loan exposure to banks] was prescribed in the law No 10 and that has now been abolished.” Thus, this advancement surely looks like a positive one and would act to promote and encourage real-estate investment within the country as now people with even a slightly unsure […]
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UAE ranked as the 2nd safest country in the world by the UK based magazine Which? Featured
During a recent online poll conducted by a UK based travel magazine Which?, UAE was voted as the 2nd most safest country in the world when it comes to crime rate next to Iceland at the top. UAE beat highly global travel destinations like Thailand, Italy, France and US to this ranking. Which? ranked 20 countries around the world based on the data produced by the World Economic Fund (for crime rates), the World Risk Report (for likelihood of major natural disasters), the NHS Fit for Travel website (for health risks), and the Foreign and Commonwealth Office’s (FCO) assessment of terrorism risk levels. All the reports came to a conclusion that Iceland is the safest country in the world at the moment when it comes to crime rates, likelihood of major natural disasters, health risk or terrorism amongst all its contemporaries. The UAE hence, stood second to Iceland with almost non-existent percentage of crime rates, likelihood of major natural disasters, health risks or terrorism. However, downright through the bottom, the countries ranked with the worst crime rates are India, Thailand, South Africa, Turkey & Mexico. Astounded by the diversity of the results itself, the Magazine stated: “Of the 20 holiday […]
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