DUBAI OFF-PLAN

Posted On Monday, 24th April 2017

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, 24th April 2017

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


RETIREMENT IN PORTUGAL

Posted On Monday, 24th April 2017

Portugal's Algarve region is one of the best places in the world to live or retire overseas.Nowhere else in the world can you experience a better overall lifestyle than in this southernmost coastal region of Portugal.  Here's our Algarve assessment :Expat CommunityThe Algarve has been attracting foreign retirees for decades and is home today to more than 100,000 resident expat retirees. Climate3,300 hours of sunshine per year, more sunny days than almost anywhere else in Europe.   The Algarve has a reputation as a top summer destination among European sun-seekers and a top winter retreat for those looking to escape Northern Europe's coldest months. SecurityThe Algarve is one of the safest regions in Europe, and Portugal ranks as the 17th safest country in the world. Violent crime is rare, and petty crime is limited to street crime during the busy tourist season.


Get Smart about Selling Your Property

Posted On Monday, 24th April 2017

There are many factors behind making a decision to sell. Whether you want to relocate to a different area, or have a growing family, are downsizing or just a change in your investment strategy. Whatever the reason maybe the selling process can be a daunting task unless you take care of the small details. A few minor touch-ups can go a long way towards making a favorable impression on potential buyers. Here are some tips that will help make the process smooth.


New Website Launch - SpainPropertyDeals.com

Posted On Monday, 24th April 2017

We are excited to announce the launch our new website featuring the best Property for Sale in Spain .     When you subscribe you will receive our Free Guide to Buying Property in Spain to get you started . When you enquire about any of our properties you will experience attentive Customer Service from our team which is dedicated to serve your interests, not those of Developers or Owners . When you buy any of our properties you will benefit from our on-going support and advice ensuring a smooth acquisition process, helping you to overcome the various legal and financial issues, and assisting with your move as an owner-occupier or renting out your property as an Investor. Unlike other Agents , we do not simply sell and walk away , we stay with you all the way to ensure your complete satisfaction .  We do offer Cheap Property in Spain , but more than that we ensure we provide the Right Property for you our Customer.  We look forward to working with you to find your Dream Home in Spain.