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🏙️ Dubai's Property Leasing Surge Fuels Demand for Management Firms 📈 The property leasing landscape in Dubai is undergoing a significant surge, witnessing a four-fold jump in January 2024, attributed to the substantial completion of residential units by developers. As Dubai experiences a surge in property leasing, there is a simultaneous spike in demand for property management firms, reflecting homeowners' eagerness to capitalize on their investments promptly. 🚀 Key Highlights: 📈 Leasing Deals Skyrocket: Property leasing deals in Dubai have surged, with an estimated four-fold increase in January 2024 compared to the previous year. The surge is attributed to the completion of approximately 47,000 residential units in 2023, marking a 50% increase from the previous year. 🔑 Completion of Residential Projects: Notable residential projects, including Me Do Re towers in JLT, Upside in Business Bay, and Prive Residence in Dubai Hills, contribute to the surge in leasing deals as property owners eagerly seek to lease out their newly completed units. 🌐 Global Property Management Response: Companies like Colife, a global property management and rental services firm, report a significant uptick in leasing demand. CEO Ilnara Muzafyarova notes that the number of apartments leased with their assistance has grown four-fold compared to January 2023. 🌍 Factors Driving Demand: The surge is attributed to factors such as the increase in completed housing units, rising migration to Dubai for long-term residency plans, including Golden and digital nomad visas, and the overall demand for rented properties. 📈 Secondary Market Influence: A substantial portion of clients purchasing properties in the secondary market contributes to the spike. Colife Invest clients, over 90%, purchase properties in already constructed towers in the secondary market, leading to immediate leasing and generating passive income. 📈 Impact on Rental Costs: The rising leasing deals contribute to a further increase in rental costs in Dubai, with estimates indicating a 30% jump towards the end of 2023. A 1-bedroom apartment in Palm Jumeirah leased through Colife saw a 23.5% increase in rent compared to the previous year. 💰 Investor Interest: High rental yields, a surge in property appreciation, and a shortened average payback period (currently estimated at 8 years) make Dubai an attractive market for global investors. The rental yield in Dubai is estimated at 7-8% annually. 📊 Dubai's real estate market remains a hotspot for investors worldwide, offering a lucrative blend of high appreciation and substantial rental income. As leasing deals soar, the city continues to attract global interest in property investment. #Dubai #RealEstate #Property #Housingmarket #PropertyLeasing #Investment #Investing #News #Update #Improvement #Management #DubaiLiving #RentalMarket https://lnkd.in/dS5wff2R

The real estate market in Dubai is the most dynamic in the world, but buying your first property here can be exciting and overwhelming. There is no shortage of agents or projects. There are many things to consider before you buy your first property. #DubaiProperty #RealEstateDubai #PropertySearch #Finance #Finance360

The real estate market in Dubai has witnessed a significant increase in property leasing deals in January 2024. According to industry insiders, there has been a four-fold jump in leasing transactions. This surge can be attributed to a substantial increase in the delivery of completed homes by developers in the city. As more completed properties become available, homeowners are keen to start earning returns on their investments at the earliest opportunity. This eagerness to capitalize on their properties has led to a spike in demand for property management firms in Dubai. These firms provide professional services to homeowners, helping them with the leasing process, property maintenance, tenant management, and other important aspects of property management. By engaging property management firms, homeowners can ensure that their properties are well-maintained and effectively marketed to potential tenants. These firms take care of tasks such as advertising the property, screening potential tenants, handling lease agreements, coordinating maintenance and repairs, and collecting rental payments on behalf of the homeowners. The increased demand for property management firms indicates the growing interest of homeowners to optimize the financial returns on their real estate investments. By entrusting their properties to professional management, homeowners can save time, minimize hassle, and potentially maximize their rental income. Overall, the surge in property leasing deals in Dubai, coupled with the heightened demand for property management services, reflects a positive trend in the real estate market. It indicates growing confidence among homeowners and a willingness to capitalize on the rental market opportunities in the city. #dubai #dubairentals #propertymanagement #propertymanagers #dubaiproperties #dubaipropertyinvestment

#MyJourney_in_RealEstate_World Buying a property in the UAE is a significant decision, whether you're looking for a home or an investment. 🤔 Understanding the laws is as important as choosing the right property. By knowing your rights and responsibilities, you'll protect yourself from any future challenges. 💼 Freehold vs Leasehold Ownership 🏡 In the UAE, there are two types of property ownership: freehold and leasehold. Freehold means you own the property and the land outright. 😎 Leasehold, on the other hand, allows you to own the property for a set period (typically 99 years), after which ownership reverts to the original owner. Your choice will depend on your long-term plans. 📆 Title Deed 📜 When you buy a property, you need a title deed, which proves you're the legal owner. Having this document ensures your rights are protected, and no one can dispute your ownership. 👍 Real Estate Regulatory Authority (RERA) 🏢 The Real Estate Regulatory Authority (RERA) oversees the real estate sector in Dubai, ensuring contracts are fair and buyers’ rights are upheld. Always check if the project or developer is registered with RERA to safeguard your investment. 📊 Off-Plan Properties 🚧 Buying an off-plan property offers many advantages, such as flexible payment plans, but it comes with risks. 😅 Make sure the project is registered with RERA and get a clear timeline for when it will be completed. 📅 Cooling-Off Period ⏳ After signing the contract, you have a cooling-off period during which you can cancel the deal without any financial loss. This period is typically five days and gives you time to reconsider your decision. 💡 Maintenance and Service Fees 💰 When you own a property, there are ongoing maintenance fees that cover shared services. Make sure you're aware of the annual maintenance fees before purchasing, as they can affect the value of your investment. 💵 Conclusion 📝 Buying property in the UAE requires an understanding of ownership laws, off-plan properties, and maintenance fees. By making informed decisions and knowing the procedures, you'll be in a strong position to take advantage of real estate opportunities. 💪 #RealEstate #UAE #DUBAI #Tips

6 Q&A ABOUT PAYMENT PLANS IN DUBAI In Dubai's real estate landscape, understanding payment plans is crucial, whether you're eyeing properties in the primary or secondary market. This article delves into the key aspects of payment plans, shedding light on their types, durations, and who provides them.

Navigating property leasing in Dubai? Our latest blog covers everything you need about the essential documents for a smooth leasing process. From Emirates ID and residency visas to Ejari registration and tenancy contracts, we've got you covered. Stay informed and lease with confidence. Read the full guide now! #kaizen #kaizenams #propertymanagement #realestate #dubai #uae #propertymarket #innovation #kaizencommunity #insights #propertyleasing #properties #requirements #guide #contracts

A Landlord's Guide to Managing a Commercial Property in Dubai: The Ultimate Guide to Compliance 🏢 Tenant Relations 🤝 and Financial Management 💰 Click to Read!

How to Resell Off-Plan Property in Dubai Before reselling an off-plan property, the owner must pay the developer a certain percentage of the property’s value. This typically ranges from 30%–40%, unless the Sales and Purchase Agreement (SPA) states otherwise. ➤ Resale Process ➊ The agent showcases the property on real estate platforms ➋ Once a potential buyer emerges, the transaction process begins ➌ The parties obtain the No-Objection Certificate (NOC) from the developer ➍ The buyer and seller sign contracts: ▫️ Form F or Memorandum of Understanding (MOU), an Agreement Between the Parties ▫️ Separate Contracts With the Representing Agent ➎ Upon MOU signing, the buyer secures their interest with a 10% deposit ➏ The deal is finalized at the Trustees Centre: payment and registration ➐ Once the transfer is complete, the buyer takes over all outstanding payments, including: ▫️ Service Charges ▫️ Remaining Instalments ➤ Seller's Expenses ✓ NOC Charges: $1,400 ✓ Agency Commission: 2% ✓ POA (Power of Attorney) for Remote Deals: $550 ➤ What if the Mandatory Percentage Isn’t Paid to the Developer A new buyer can cover it for the seller, but they must have compelling incentives: ✓ Low Price ✓ Property in High Demand ➤ Profit Potential for Off-Plan Investments This strategy can yield impressive returns, especially with payment plans. For example, you buy a $1 million apartment at launch time and invest 40% ($400,000). Later, you resell it for $1.2 million. The return is: 200,000 ÷ 400,000 = 50%. However, the reselling process may take time. The owner might need to increase his initial investment beyond 40% or even fully finance the property while awaiting the right buyer or market conditions. AX CAPITAL – Your real estate agency in Dubai. #axcapitaluae #axcapitalrealestate #realestatedubai #offplanproperty #developer #investment

Buyers Guide for Off-plan Properties in Dubai! Delve into the thriving UAE off-plan real estate market with this concise guide, providing essential terms for navigating this dynamic investment landscape: 1. Off-Plan Property: Real estate available for purchase directly from a developer before completion. 2. Developer: Entity responsible for constructing and selling off-plan property projects in Dubai. 3. Escrow Account: Financial account holding funds for off-plan property under third-party control, ensuring investment security. 4. Real Estate Regulatory Agency (RERA): Dubai Land Department's regulatory arm overseeing policies in the real estate sector. 5. Capital Appreciation: The increase in value of an off-plan property over construction and beyond. 6. Payment Plan: Developer's payment schedule, typically including a down payment and subsequent instalments. 7. Completion Date: Estimated date of off-plan property construction completion. 8. Handover: Transferring property ownership from developer to buyer post-construction. 9. Resale Market: Selling off-plan properties before completion, often at a profit if market value appreciates. 10. Freehold Property: Dubai property fully owned by non-GCC nationals, with the same rights as UAE nationals. 11. Title Deed: Legal document proving ownership of a completed property in Dubai. 12. Oqood: Official registration document proving ownership of properties under construction. 13. Capital Gains Tax: Not applicable in Dubai; no capital gains tax on property sales. 14. ROI (Return On Investment): Annual rental income from a property, expressed as a percentage of its market value. Stay connected and informed as you embark on your investment journey in Dubai's off-plan real estate market with these crucial terms.  Contact us at +971 52 609 7338 and let us help you find your perfect home. H&S Real Estate UAE’s No. 1 Top Broker Year 2016-2017-2018-2019-2020-2021-2022-2023 https://hsproperty.ae/ #dubaioffplan #realestatemarket , #dubairealestate #emaar #creekharbour #dubairealestateinvestment #dubairealestatemarkets #dubairealsstateprojects, #Dubai #dubairealestatetrends #offplanproperty , #offplanproperties #offplandubai #propertyinvestment #propertysales #offplan #offplanrealestate, #realestateexperts #realestateinvestor #realestateindubai #propertyinvestment #propertydevelopment #luxuryinvestment #luxuryliving #luxuryproperty #seafrontproperty #contacts #connections #everyone #linkedln #news #uae #property #contact #contacts #hsrealestate #japan #France #singapore #germany #morocco #china #russia #emaar #emaarproperties #damac #damacproperties #nakheel #dubaiproperties #meraas