best mortgage brokers in uae Archives

5 things to consider before becoming a real estate investor

Thinking to invest in real estate? As one of the most lucrative and secure investments, many people have turned it into their full-time job. However; there are several factors that go into purchasing real estate and things that need to be thought over before making such a big decision. Budget This goes without saying but you need to have savings set aside for investments. Mortgages can be costly depending on the bank you deal with, and installments need to be made on time to avoid further penalties. Real estate prices vary depending on the location, size, developer, view and many more variables, so knowing your budget and sticking to it will make your investments go smoother. Locations Different locations offer different returns depending on their accessibility and surrounding hotspots. There are locations good for capital appreciation, while others offer higher rental yields. It’s important to note the differences in locations and the benefits they bring to your investment. Developers In Dubai, there are many developers that sometimes it gets a little confusing. Different developers will offer you different finishes, service charges and prices. It’s important to due your due diligence when researching the developer; finding out their reputation, and whether projects get handed over on time or not. Goals What are your goals with this investment? Is it for resale? Or is it for rent? Knowing your goals will help you determine what is the best location and project to invest in. This is the key to a successful investment. Managing your property It’s important to keep in mind that having an investment property means that it has to be managed. Paperwork, payments, looking for tenants, renovation, and maintenance, and some of the things you’ll have to be doing. However, there are property management options available that can help ease off the burden and give you peace of mind. Related articles:1. Best Waterfront Living Communities In Dubai2. What you need to know about mandatory life insurance for your UAE home loan Stay tuned for more fascinating insights on UAE Mortgage trends:Website | Linkedin | Instagram | Facebook

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Refinance Your Mortgage Now for Better Rates and Savings!

The best time to refinance your mortgage in Dubai will depend on your personal financial situation and the current Dubai mortgage interest rates. It’s a good idea to refinance when interest rates are low, as this can help you save money on your monthly mortgage repayments. You may wish to think about remortgaging when you want to: Keep a fixed-rate mortgage If you have a fixed-rate mortgage that’s nearing the end of its fixed term, you may wish to remortgage. When your fixed rate period finishes, your remaining balance will be subject to a follow-on rate. Remortgaging may offer you a better deal than this follow-on rate so it is a good idea to research your options. Change the mortgage term Other than repaying your mortgage early, refinancing is the only way to change the loan term. You can choose to refinance with a shorter mortgage term to pay off the loan amount and build equity faster, or you can refinance for a longer mortgage term to decrease your monthly payments. You should also consider the fees associated with the process of refinancing. Fees to refinance your mortgage can add up and they may outweigh any potential. Your current lender may apply an early exit penalty which will be absorbed by your new bank into your loan amount. This could be up to 10,000 dirhams. It’s a good idea to speak with a mortgage broker to determine if refinancing or a buyout as it is sometimes known, is the right choice for you. How long does it take to refinance your mortage? The refinancing or buyout process for a Dubai mortgage takes an average of 4-6 weeks. How do I refinance my mortgage? To refinance your mortgage in Dubai, you can follow these easy steps. Refinancing your Dubai mortgage can be complicated but we’ve set out to remove the headache and make it as simple as possible. The Capital Zone Mortgage team is here for you at every stage of the process. Related Articles: Best Way to Get Loan Against Property in UAE Understanding DBR and its Beneficial Impact on Mortgage

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Best Off-Plan Projects In Dubai 2023

Four high-end projects by UAE developers were introduced, each of which promised to steal the show this year. The Ritz-Carlton Residences on the grounds of the historic Dubai Creekside community, the ultra-luxurious Keturah Reserve in Meydan, the Damac Harbour Lights tower in the waterfront Maritime City, and Marina Living in Dubai Marina, one of the city’s most well-known neighborhoods, are four new residential complexes in Dubai with a unique selection of services to impress even sophisticated investors and a great price/quality ratio. Not only are the new residential developments in such prime locations some of the nicest structures in Dubai, but they also present excellent financial prospects. The demand for luxury houses in this emirate is at an all-time high right now. THE RITZ-CARLTON RESIDENCES This upscale complex is offered by MAG of Life and the Marriott International, a huge hotel brand. Located in Dubai Creekside, a perfect district for living on the bank of Dubai Creek and near the Ras Al Khor Wildlife Sanctuary, it includes serviced one- to three-bedroom apartments, penthouses, and a limited collection of opulent mansions in the following three styles: Numerous exclusive amenities will be available to residents of this premium complex: Residents will also be able to use five-star hotel services. The staff of this high-end complex will take care of all tiresome household chores, e.g., book airplane tickets or a private jet, reserve a table at the restaurant, sign you up for spa treatments or a game of golf, and arrange move-in. Residents can get a personal coach, a babysitter, a secretary, a chef, as well as cleaning, repair, pet care, shopping, and event organization services by the A La Carte program. Residences with a floor area from 124 to 4,358 m2 are available: Buyers of properties in the Ritz-Carlton Residences are entitled to a 60/40 instalment plan. The down payment is 10%, another 50% is paid during construction, and the remaining 40%, upon handover. The buildings are due for completion in Q1 2026. KETURAH RESERVE This unique ultra-luxury eco-project will be the first Near East complex built in compliance with the Bio Living concept that brings residential and natural space together in an integral whole thanks to a unique design, virtuoso light management, textures, and advanced water and air treatment technologies. This residential project with opulent villas and apartments will be built in Meydan, a neighbourhood within the larger district of Mohammed Bin Rashid City. This is a high-end property in Dubai that offers more than just a luxurious place for living. Keturah Reserve is about caring for your health and the environment, merging sports, leisure, entertainment, and even business spaces into unique natural landscapes. The amenities available to residents include the following: The residences are decorated with natural materials and textures, such as stone, wood, bronze, and linen. The modern VRF air conditioning system ensures energy saving and smart cooling of the living quarters. The homes are also equipped with an air filtration system that removes pollen, smoke, and foreign smells, including kitchen odours. The lighting is designed to maintain residents’ circadian cycles. The panoramic windows allow plenty of daylight into the homes at daytime, while the buildings’ smart architecture prevents overheating. Keturah Reserve includes residences with a floor area of 106 to 826 m2: These are the starting prices from the developer, and they will increase as the project approaches completion. A 60/40 instalment plan is available to the buyers who can make a 15% down payment, pay another 35% during the construction, and the remaining 40%, upon handover. The construction completion is scheduled for Q2 2025. DAMAC HARBOUR LIGHTS This high-rise 52-storey tower in Dubai with panoramic-view apartments from the famous developer Damac Properties was designed by the jewellery brand de Grisogono. The waterfront complex will be located in the high-potential Dubai Maritime City in the heart of the emirate’s maritime industry, near a yacht marina, luxurious skyscrapers with offices, and prestigious tourist neighbourhoods. The project promises to become one of the most popular new buildings in Dubai for foreigners to relocate to. Damac Harbour Lights offers one- to three-bedroom apartments with premium finishing and stunning views from the windows as all the residences face the water. Another feature is the unique floating pool on the waters of the Persian Gulf. A one-bedroom apartment in this new residential project costs from AED 1.32 million to AED 1.64 million (from USD 359,500 to USD 446,500), a two-bedroom home is worth from AED 2.2 million to AED 2.5 million (from USD 599,000 to USD 680,500), and a three-bedroom residence, from AED 2.34 million to AED 3.28 (from USD 637,000 to USD 893,000). The floor areas range from 74 to 158 m2. An 80/20 instalment plan is available. The construction is due for completion in Q2 2027. MARINA LIVING This promising new building in Dubai is a 19-storey tower with two podiums developed by Continental Investment. The complex will be located in the famous resort community of Dubai Marina with extensive facilities for seaside leisure and water sports. Residents of Marina Living will have access to various amenities: Residents of this prestigious skyscraper in Dubai will have access to the extensive facilities of Dubai Marina with its Marina Walk, beaches, hotels, shops, bars, cafés, restaurants, and entertainment venues. One- and two-bedroom residences with a floor area of 67 to 112 m2 and spacious 9-19 m2 balconies are available in Marina Living. They are worth from AED 1.37 million to AED 2.07 (from USD 373,000 to USD 563,500). Buyers can use a 60/40 instalment plan. The construction is scheduled for completion in Q2 2025. Related articles:1. Moving to Dubai: A guide for expats2. What Impact Does My Credit Score Have on My Mortgage in the UAE Stay tuned for more fascinating insights on UAE Mortgage trends:Website | Linkedin | Instagram | Facebook

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Best Waterfront Living Communities In Dubai

Waterfront homes provide therapy to both the mind and body and are the epitome of luxury living. And Dubai is packed with some top-notch waterfront communities built to satisfy your desires. From waking up to the beautiful view of the beach to watching the sunset over the creek, Here is a list of the best waterfront properties in Dubai: Palm Jumeirah The famous man-made island is home to Dubai’s most lavish beachfront homes. Live in one of the most daring developments in the world, home to luxurious resorts and 2,600 apartments on the shoreline alone. Living in Palm Jumeirah offers prime residential options along with excellent facilities and of course, the most unparalleled views. The Palm itself is known for Dubai’s most exquisite villas with a starting price of 13M. Living with your private beach and having the world’s most famous restaurants at bay. Emaar Beachfront There’s nothing like living in 1 to 4 bedroom luxury apartments while enjoying the crystal-blue waters of the Arabian Gulf and views of Dubai Marina. That is exactly what Emaar Beachfront has to offer, the city’s newest residential attraction. Due to its prime location, residents will have easy access to the beaches, Dubai Maria Yacht Club, restaurants, and the marina mall. The project consists of 1-3 luxury bedroom apartments with a starting price of 1.6M Jumeirah Beach Residence Nothing beats living in the iconic Jumeirah Beach Residence. From a glittering nightlife to a plethora of dining and entertainment options to choose from, JBR is Dubai’s most sought-after beachfront community. Residents can find everything they need at their doorstep. It is also super close to all of Dubai’s major highways, with easy access to the Metro and Dubai Marina Mall. Bluewater Residence If you enjoy the peace away from the city noise, Bluewaters Residence is the place for you! Home to the world’s largest Ferris wheel, Ain Dubai, and just a walking distannce from Dubai’s most fine-dine restaurants and an array of distinctive residential, retail, hospitality, and entertainment concepts. Starting from AED 2.3 million, you can reside in any of the 10 apartment buildings, 4 penthouses, and 17 townhouses. Dubai Water Canal Dubai Water Canal is a 3.2K long waterway that extends from the Creek through Business Bay, before finding its way back to the Arabian Gulf. Nearby you’ll find the magnificent V Hotel and Hilton Dubai as well as several dining and entertainment options. For those looking to move to the heart of the city, Dubai Water Canal has several studios to 4-bed options to choose from for both sale and lease. Residents can enjoy evening dog walks, runs, and much more! Dubai Creek Harbour Dubai Creek Harbour offers spectacular views of Dubai’s skyline, cultural offerings, shopping districts, and much more! It even has its own private beach! The premium waterfront community offers spacious 1-4 bedroom apartments with luminous interiors and breathtaking views, starting from AED 1.28M. Port De La Mer Port De La Mer is a one-of-a-kind island retreat within the busy city. It is the first freehold master community in Jumeirah consisting of ultra-lavish 1-4 beds and high-end amenities with a starting price of 1.8M. Inspired by the allure of the Mediterranean, residents can find an easy-going lifestyle here with panoramic views of the open sea and Dubai’s famous skyline. What’s unique about this community is that it can be reached by both land and sea. So for those who love to be out in the water, a spectacular coastline leisure experience waits. It is also minutes away from Dubai Mall and Dubai’s International Airport. Related articles:1. New Residential Projects in Dubai2. The 11 Best Family-Friendly Communities in Dubai Stay tuned for more fascinating insights on UAE Mortgage trends:Website | Linkedin | Instagram | Facebook

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What Documents Do I Need Before I Sell My Property?

So you’ve decided to sell a property, it could be your current home or an investment one. Either way, you’re ultimate goal is to set a high selling price (in line with current market rates) and go through the sale process in a fast and easy manner. To do both, you must first make sure that all your documentation is up to date, ready and by your side before you put up the For Sale board. Here is a list of all the documents you need to have in place before listing your property for sale: 1. Personal Documents The first and most important of all documents are your personal documents. UAE residents must have a valid passport, resident visa and Emirates ID, updated with your latest information. Whereas non-residents must only have their passport is up to date and valid. 2. Updated Title Deed On Dubai Rest App To sell your property, you need to have an updated Title Deed. This is an important step, as some landlords who bought their properties a few years back will need to update their title deed to the new format which is listed on the Dubai Rest App with an updated QR code. The Dubai Rest App is a smart platform that is designed for all Real Estate transactions across Dubai. Once you download the app, you can upload all your contact information and documents related to your property that facilitates the sale. Another crucial factor is updating all your personal information on the Dubai Rest App. You wouldn’t want all your approval mails to be going to the wrong address or number? 3. Non-Objection Certificate From The Developers And Dubai Municipality Before selling your home, a signed NOC is needed for all the work you’ve done in your house; extensions, upgrades, and any other changes done must be approved via the Developer and the Dubai Municipality. Getting your NOC can be a time-consuming process, so it’s always best to get these documents and approvals ready before you list your villa for sale. It also helps you get the best price for your sale 4. Receipts Of Any Updates And Modifications To keep the value of your property at the best possible sale price, collect all and any receipts that you have accumulated over the years of any upgrades done to the house; this includes flooring, bathroom, kitchen, garden and maintenance, which can add value to your property during the time of your valuation. If you’re looking at embarking on a journey of selling your property, we hope these documents have given you a bit of understanding of what you need to gather before you start. Related articles:1. What Documents Do I Need Before I Sell My Property?2. How much does buying a home really cost in Dubai? Stay tuned for more fascinating insights on UAE Mortgage trends:Website | Linkedin | Instagram | Facebook

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What drives demand for luxury homes in dubai?

Dubai has long been a popular destination for real estate investors, and with good reason. It has a lot to offer, especially to high-net-worth individuals (HNWIs) looking to invest in luxury properties. Today, there is an even wider range of options to choose from ranging from extravagant mansions to sleek high-rise apartments. And as the emirate continues to grow and develop, more and more luxury properties are being built. And snapped up at an increasing rate. There are several reasons for this growing demand. In this post, we’ll be discussing the top seven with some accompanying numbers and facts. Over the years, Dubai’s economy has been consistently growing and diversified which is supported by a diverse range of industries, including tourism, finance, and trade. The first three quarters of 2022 saw Dubai’s GDP grow 4.6% from last year, reaching AED307.5 billion. In the coming years, this number is expected to continue to grow. This economic growth has attracted a large number of businesses and investors to the city, which has in turn increased demand for luxury properties. Robust economy Attractive tax policies Dubai is known for its favorable tax policies, which have made it a popular destination for those looking to invest in luxury real estate. Both residents and non-residents can benefit from the city’s tax-free environment, which includes a lack of annual property tax, income tax, capital gains tax, rental revenue tax, and value-added tax. This means that investors can keep more of the profits from their real estate investments, making Dubai an especially attractive place to invest. Dubai is renowned for its competitive property costs and taxes, which are among the lowest globally. While the Dubai Land Department did increase property transfer fees to 4% in 2013, this rate remains significantly lower compared to other markets. This favorable pricing structure makes Dubai an attractive destination for real estate investment. World-class infrastructure Dubai has made significant investments in the development of the city’s infrastructure over the years. This includes the construction of modern transportation systems, such as the Dubai Metro and the Dubai Tram, as well as superior telecommunications and a well-developed energy infrastructure, with a reliable power supply and modern utilities. These investments in infrastructure have helped to make Dubai an attractive destination for foreign investors, particularly in the real estate sector. The city’s modern infrastructure makes it easier for businesses to operate and for people to live, work, and play, which in turn makes it more attractive to potential investors. A major hub for tourism Dubai is one of the most popular tourist destinations in the world, drawing visitors from all over the world. One reason is the city’s strategic location. Dubai is located in the United Arab Emirates (UAE), which is a major hub for trade in the Middle East. This strategic location makes it easy for tourists to visit Dubai from other parts of the world. During the first half of 2022, it attracted over 7 million international visitors. With a wide range of attractions, Dubai has something for everyone, including world-class shopping, dining, and entertainment. The strong tourism industry in Dubai has made it an attractive location for those looking to purchase a luxury property as a second home or investment property. A safe and secure environment In the past few years, Dubai has consistently ranked among the world’s safest cities because of its low crime rates. For the safety of its citizens and visitors, the government has put in place a range of measures, including strict laws and penalties for crimes. In addition, the city is protected against natural disasters, which is an important factor for anyone looking to invest in real estate or relocate there. In fact, the United Arab Emirates as a whole has been ranked as the second safest country in the world by the World Economic Forum, making it an ideal destination for those who value safety and security. Strong rental returns Dubai’s robust economy and strong potential for long-term financial returns make it an attractive destination for property investment. The city’s high rental yields, which average 7%. Significantly higher than those in other major global markets such as London, Hong Kong, Sydney, and Singapore. This means that investing in properties in Dubai can provide investors with a higher rate of return compared to these other cities. Additionally, Dubai’s popularity as a destination for property investment, particularly in the luxury market, makes it a stable choice for long-term financial growth. If you are considering purchasing a luxury property in Dubai, our team has the expertise and resources to help you. Get in touch today. Related articles:1. What are rent-to-own schemes in Dubai?2. Top 5 Things to Consider When Buying a Villa in Dubai Stay tuned for more fascinating insights on UAE Mortgage trends:Website | Linkedin | Instagram | Facebook

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