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Three real estate things on a Friday: 1) The Dubai property market saw its highest ever number of sales transactions in May – more than 17,000 – up a whopping 46% yoy, according to Zhann Jochinke of Property Monitor and Cavendish Maxwell. Nearly 67% of those were offplan. 2) Price growth was more modest, says Zhann (below, the one that’s not me), coming in at less than one per cent – but we’re now 10.25% above the last market peak. 3) And we’re still seeing a new project launch every 18 hours, says Zhann – around 10,000 units coming on to the market a month, so more than 100,000 offplan units sold this year, on the back of 95,000 last year, which will all materialise three-five years from now....

Dubai's real estate market is on track for another strong year in 2024, with record sales volumes and values. In July 2024, property sales reached an impressive AED49.6 billion ($13.5 billion), reflecting a 31.63% increase compared to the same period in 2023.

Check this out! Knowing the pros and cons of off-plan vs. ready investments is crucial for maximizing returns in Dubai's dynamic real estate market! Alan gives you a summary in this video. 😃

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Finding a professional broker before buying real estate in Dubai is a must ☝️ Admittedly, sometimes real estate agents are seen as parasites who try to extract as much money as possible from a deal, sometimes without a clear reason. In the UAE, however, brokers have a different role. They are key players in the real estate market and act as a bridge between buyers and developers. The developers here do not have departments specialized in retail sales. Brokers take on this function. The market is very dynamic and competitive, so it’s better to trust a competent specialist who already has connections with agencies and construction companies, rather than trying to navigate it on your own. Otherwise, there's a risk of ending up with a property in a property that doesn't meet your expectations. 🤷♀️ I advocate for long-term collaboration and the protection of your interests throughout the entire transaction. I work with all budgets and would be happy to find the best investment properties based on your individual requirements. I'd love to hear about your experiences with brokers. Were they negative or positive? Share your stories below. 👇

Did You Know? 🌟 The Dubai real estate market has achieved an impressive AED 123 billion in property sales this year! 🏙️📈 With such a booming market, now is the perfect time to invest or find your dream home. What are you waiting for? Dive into the exciting opportunities Dubai has to offer! 🏡 💼 Contact us today to explore your options and make your move! ✨ |Dubai Real Estate, Home Buying Tips, Investment Advice, Property Investing|

Managing a property in Dubai’s real estate market can be challenging ! Without the right experience, you might miss out on potential profits 💸 With 15+ years in Dubai real estate, we know how to maximize your property's returns 🏠📉 Trust our expertise and see great results ✅

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August 2024 Record Breaking Transactions in Real Estate Dubai.. To all fellow colleagues in real estate, if some one is still giving you the excuses that market is going down or it will fall then this is for you.. Starting from this year, Real Estate market in Dubai is breaking records every months.. August was no different. In August, 47.82B Dh worth of transaction happened. 16,436 units were transacted which is 37% rise compared to August 23 and 40% Year on year. Now let's check in details.. 1 > Apartments : 12,268 units in worth of 23.5B Dh transaction happened. compared to August 2023 it is 37.6% increase with an average price of 1.3M thanks to amazing affordable may projects which were launched recently. 2 > Villa/Townhouse : 2126 units in worth of 8B Dh transactions happened. Almost 5% of increase compared to August 2023 with an average price of 3.2M. 3 > Commercial : 369 units in worth of 674M Dh transactions happened which is almost 20% up than last Aug 2023 with an average price of 1.2M per unit. 4 > Plots : 1396 plots land in worth of 15.1B Dh transaction happened which surprised everybody because it's almost 154% jump compared to August 2023. Thanks to so many developers coming into the market with many affordable projects. The average price is 5.5M per unit. There is no sign of market is going down at least till 2033 and people who are investing today will be enjoying higher returns thanks to the vision of His Highness Shaikh Mohammad.

😎 PROCEDURES FOR ACQUIRING A PROPERTY IN DUBAI❗️ If you are searching for an ideal place to call home or seeking a profitable real estate investment, the process of purchasing a property in Dubai is relatively straightforward. There are four main legal steps involved in buying a property in Dubai. In the following section, we will systematically break down the essential legal aspects that you need to be aware of to understand how to purchase a property in Dubai. The legal steps required to buy a property in Dubai are quite simple. 1. FORMULATING A CONTRACT BETWEEN THE BUYER AND THE SELLER❗️ Once you have identified the right property on Bayut or any other property portal, the initial step is to negotiate and establish the terms of sale with the seller. When acquiring property in Dubai and the UAE, you have two options: paying in cash or applying for a mortgage. The advantage of cash buyers lies in their ability to negotiate for a lower price, as they have a clear understanding of their budget. You can handle this stage without the assistance of a real estate agent or a lawyer. Any reputable Dubai real estate agency or legal compliance firm should be able to handle the rest. When agreeing to the terms of sale, it is important to ensure that there are no ambiguities between you and the seller regarding the selling price, method of payment, or any other significant factors. 2. SIGNING THE AGREEMENT OF SALE❗️ The second legal step in purchasing property in Dubai involves signing the sale agreement, commonly known as the Memorandum of Understanding (MOU). The MOU, or Form F in Dubai, is one of the RERA real estate forms. Form/Contract F can be found on the official website of the Dubai Land Department. Usually, the real estate agent will prepare the contract for you. Once the contract is ready, both the buyer and seller must sign it in the presence of a witness (usually the agent) at the Registration Trustee's office. Additionally, the buyer must pay a standard 10% security deposit on the property to the Registration Trustee, which will be refunded once the property transfer is finalized. CONTRACT SIGNING ❗️ Sign the sale agreement to make the deal official. 3. APPLICATION FOR A NO OBJECTION CERTIFICATE❗️ The buyer, seller, and real estate agent need to meet at the developer's office (for example, Dubai Properties, Emaar Properties, Nakheel Properties, or other leading property developers in Dubai). The purpose of this meeting is to apply for and pay for a No Objection Certificate (NOC) to transfer ownership. The developer will only issue the NOC if there are no outstanding service charges on the property. 4. EFFECTING THE OWNERSHIP TRANSFER WITH DLD❗️ Once you have obtained the NOC, the final legal step in purchasing a property in Dubai is to meet the seller at the Dubai Land Department.… Please follow the link 👇🏾 Post status ❓( Repost ♻️ ) Let knowledge drop 📕🔝🎬🏌️🏾❗️🎟️ https://lnkd.in/d3wjFnCC