Compared to many other Middle East countries and developing nations in Asia, buying properties in Dubai is pretty straight forward. You can find plenty of local as well as international-owned agencies which every day help a lot of people, foreigners, and locals.
Top Real Estate Companies in Dubai
Buying ready properties in one of the reliable investment options these days. A logical and great reason is that the buyer is safe in terms of inflation in the economy and typically offers a healthy turnover of around 5%, especially the Dubai Property market can be in global exchanges.
Incentives provided by governments such as having residency, visas, will boost the rent revenue. There are property advertising websites that display advertisements of dozens of assets that can help the investors and sellers make the right decisions.
Top Ranked Dubai Based Property Website
Of course, listing the developers by the traffic upstreaming the website is not enough. In the ranking, a producer such as Nakheel Properties is only 9th. In fact, in terms of profit and growth, Nakheel is one of the top 5 biggest developers. Let’s take a look at the rating undertaken for such companies as one of the best real estate companies in Dubai:
- Texture Properties
- Nakheel Properties
EMAAR, DAMAC, Texture Properties and Nakheel always seem to be top-ranked Dubai based property websites, no matter what the list is. Enlisted above are the award-winning property websites in Dubai as well as in UAE.
Texture Properties are a renowned real estate that offer a variety of constructed and off-plan assets for financiers at various locations varying from industrial to residential real estate, offices to flats, mansions, apartment’s buildings etc.
Also Read: Steps to Buying A House in Dubai
A few reasons to invest your time, money, and energy in Dubai are:
- Investor friendly: Foreign Direct Investment (FDI) promotes transparent economic policies, minimal government oversight, and private-sector supervision.
- Strategic location: Dubai is at the intersection of Europe, Asia, and Africa, allowing easy access to many evolving global markets.
- Security and stability: Dubai effectively diversified its economy from being petroleum centered to servicing.
- Tax-efficient: Dubai is excluded from taxation for residents with no Value Added Tax (VAT) levied on shareholder residential property.
- World-class infrastructure: Strong rail, communications, and commercial infrastructure investments make Dubai appealing for investment.
Any individual of any nationality, whether depending offshore or a Dubai native, may buy in the freehold Dubai property market in specified parts as allowed by His Highness the Monarch of the Dubai Emirate. To purchase property, you are not expected to hold some form of residence or equivalent permissions.
- A Memorandum of Understanding (MOU) is agreed, and a fee (usually 10 percent) is charged.
- The parties usually meet at the developer’s workplaces to submit a No Objection Certificate (‘ NOC ‘) for the land to be transferred.
- Usually, the developer will issue the NOC against the transaction of a purchase price once the developer is happy and content that any amount due to the developer has been finalized in full in the form of service fees.
- When the NOC has been issued, the party can go to the Dubai Land Department office to take possession formally. The Dubai Land Department would focus on the fee of the purchase price in the form of a cheque rendered payable by a trustee to the seller on the sale date. Once the formalities and legalities have been fulfilled, a new title deed is given in the customer’s name.
- If the buyer buys with a mortgage, then the intervention of the bank will be necessary. If the dealer has a mortgage on the day, the buyer is expected to pay the lease of the seller in full before filing for the NOC. This raises the buyer’s risk and makes the deal more complicated.