CARE HOME INVESTMENTS

Posted On Monday, 3rd September 2018

Why invest in Care homes? Residential care home sector is currently worth £15.9 billion and is currently struggling with the high demand of elderly people needing a home. For the first time the amount people in the age group over 60 (currently 14million) is now outnumbering the under 16 age group (currently 11.5million).


Buying or Selling a House in the UK

Posted On Monday, 3rd September 2018

Introduction You have decided to buy a home - but what next? The maze of legal work, negotiations, dealing with surveyors and solicitors, finding a good mortgage deal and worrying about your deal falling through, on top of actually hunting down the home of your dreams, is enough to make anyone's hair stand on end. Buying a house is one of the biggest financial decisions that you will make in your life. It is a lengthy and complicated business, which while exciting is often fraught with stress and worry. But luckily there is a lot of good advice around helping you to make your home-buying experience as easy and problem-free as possible.


Returns on Dubai Property are excellent

Posted On Monday, 3rd September 2018

Current Returns on Dubai Property Investment We have experienced a dip in both sale and rental prices across Dubai over the past year but how has it affected the returns for Investors? The results below show healthy returns on property investment, an average of 6.1% net across the selected communities. Dubai is still double, if not more than other major cities in the World. For Example:Buying an apartment in London (inside the M25) you will be fortunate to receive a 2% net return after costs, less than 1% for a house.In New York, studio apartments generate higher yields than larger units, earning a median 3.1% compared to 2.6% and 2.5% for 1 and 2-bedroom rentals, respectively. If you were to buy an investment property in Sydney, Australia, you would receive an average of below 3% gross on a house and 4% gross for a 2 bedroom apartment.Rents are prices advertised today for long lease and service charges values are provided by propertymonitor.ae Golden Mile, Palm Jumeirah1 Bedroom – 1,071 sq ft – Sold 12th August for AED1,400,0001 Bedroom – 1,041 sq ft – For Lease AED85,500Service Charge circa 11.41 AED PSF Total on 1,041 sq ft AED11,877 per annumNet ROI circa 5.2% Palm Views, Palm JumeirahStudio – 549 sq ft – sold 24th July for AED900,000Studio – 560 sq ft – for lease AED72,000Service Charge circa 8.77 AED PSF Total on 560 sq ft AED4,911 per annumNet ROI circa 7.4% Canal Residence, Dubai Sports City Studio Apartment, 576 sq ft – sold 2nd August for AED435,000Studio – 600 sq ft – For lease AED40,000Service Charge circa AED18.36 per sq ft on a 600 sq ft AED11,016Net ROI Circa 6.6% Princess Tower, Dubai Marina1 Bedroom – 862 sq ft – sold on the 15th August for AED1,050,0001 Bedroom – 864 sq ft – For lease – AED68,000Service charge circa AED18.7 per sq ft on 864 sq ft – AED16,156Net ROI Circa 5% Yasmine, Azizi Residence, Al Furjan 2 Bedroom apartment – 1,415 sq ft – sold 4th April – AED1,150,0002 Bedroom For Lease – 1,461 sq ft – AED87,000Service charge circa AED14.76 on 1,461 sq ft AED21,564Net ROI circa 5.7% Burj Views, Downtown 1 Bedroom apartment – 966 sq ft – sold 10th June – AED1,050,0001 Bedroom apartment – 966 sq ft – For Lease – AED85,000Service charge circa AED17.5 on 966 sq ft AED16,905Net ROI circa 6.5% Springs, Emirates Living2 Bedroom Villa, BUA 1,647 sq ft, Plot 2,219 – sold 26th July for AED1,350,0002 Bedroom villa, BUA 1,700 sq ft – For Lease – AED90,000Service charge circa AED2.37 per sq ft – on plot area 2,219 sq ft AED5,259Net ROI circa 6.3% 


DUBAI OFF-PLAN

Posted On Monday, 3rd September 2018

Confidence has never been stronger in the Off Plan market. The Real Estate Regulatory Agency Chief Executive Officer, Marwan bin Ghalita, told Emirates 24|7 that Dubai's Developers give the ultimate guarantee of completion. Some developers in Dubai are giving 100 per cent construction guarantee, which is the "ultimate guarantee" that any developer can give, Real Estate Regulatory Agency Chief Executive Officer told Emirates 24|7.He revealed that Dh29 billion are being held escrow accounts which reflectsconfidence of developers and investors’ in the market.It is compulsory for every developer in Dubai to open an escrow account under Law No. (8) of 2007 concerning escrow accounts for real estate development. All the payment received from investors has to be deposited in it. Money is released by RERA after it assesses the project’s construction having met the required percentage.RERA Chief said they were no longer afraid of projects being stalled, as developers were launching projects to build them than mere selling them.“Developers want to complete their projects with many of them wanting to start selling only after the project nears completion. This shows that the industry has matured over the time.”Among the guarantees sought is 100% of the land cost to be paid by the developer, a minimum of 20% of the construction cost to be deposited with Rera with contractors having to pay another 10% of the construction cost.Ghalita said investors had become very smart and were asking questions on materials used, sustainability, finishes and service charges, which was not previously the case. Facts and Figures  If you look at the figures for off plan from October 2016 - today, you can see that off plan is really popular in the Dubai Market. Investors and end users can see that Dubai is a mature market and in the coming few years, with the Ruler's future plans for the Emirate, the market will continue to stablise and grow.October 2016 - April 201712,179 Oqood Registered Properties (Oqood is pre-registrations and applied for at the time of purchase of an off plan property)In the same period, there were 8,652 transferred sales on the secondary market (resale).This means there were 33% more transactions in off plan than in ready properties. We saw a huge difference in the previous year, from October 2015 till April 2016 the figures were the other way around.6,653 off plan sales against 9,262 resales transactions.This is a 32% difference with the secondary (resale) market being more popular.As you can see from the above, confidence is really growing in the future of Dubai Property Market.  If you are interested in finding out more about the off plan market please reply to this email.Data from propertymonitor.ae


Checklist: what to do before you rent out your Property

Posted On Monday, 3rd September 2018

Checklist : to do before you let your property A landlord checklist of things to do before tenants move in