No Comments

Luxury Properties In Dubai: Here Is How You Can Own One

real estate agency in Dubai

Owning a property in Dubai has become an easy feat for interested foreign and local investors as the country works to provide unique provisions to take advantage of both in the short and long term. Luxury properties, in particular, have become an alluring part of Dubai’s infrastructure as the spaces are located in prime locations of the city that also house iconic architectural constructs. A few to name include Downtown Dubai where the Burj Khalifa stands as the tallest building in the world. 

Not only does the tower offer extraordinary residences but the surrounding areas also provide an unobstructed view of the attraction. The Palm Jumeirah is another classic area in the city – a palm-shaped man-made island –  that offers a variety of high-end properties within its vicinity that are an epitome of class and elegance. Other popular choices include Jumeirah, Jumeirah Beach Residences (JBR), and Dubai Marina, all of which include state-of-the-art amenities and house world-class restaurants and facilities. 

In order to own a property in these hotspots, a few factors must be assessed beforehand to make the purchase process both quick and easy, all of which are listed below for your consideration. 

Picking Your Preferences

A luxury home goes beyond providing a house to its owners by ensuring a means to living an elite lifestyle that is enriched in vibrant culture, upgraded outlook and a promise for further development in the future. When it comes to choosing a property, there are several aspects that must be planned for in order to help narrow down the ideal location within the city to purchase a residence. These considerations include accessibility – how far is the property located from the airport, if you are a frequent traveler or the time it takes to go to the beach if you frequent the spot often, and is there a private lounge available for your yoga sessions if needed? 

Another includes amenities for healthcare services, grocery deliveries, schools, fine dining restaurants, retail selection, spas, beauty salons, wellness centers, gyms, car showrooms, private movie theatres and more. The layout, design, presence or absence of balconies, number of rooms and washrooms in need, ensuite or separate bathrooms and the estimated price range are additional areas to evaluate. Deciding between fully furnished versus semi-furnished or completely unfurnished residences can also help narrow down choices further. Given your preferences and priorities, a suitable location that offers listings that meet set requirements and needs can be viewed for further inquiry. 

Entrusting The Right Entity

Luxury by itself is defined by an elevated sense of comfort and opulence and finding an enterprise that understands your standard of living is crucial to helping you find your dream home. The best real estate company in the city is the first step to help you get in contact with a refined crew that can help guide you as well as help create your desired property. With brokers who are well adept in finding luxurious properties, you can gain entry to a network of professional contractors, architects and designers who can breathe life into your dream home plans. The team together can help you locate a completed project or assist you in renovating one or even show you a residence that is pending completion and help tweak the infrastructure to meet your desired outlook. 

Preparing The Pre-Requisites

Once you have employed a brokerage that embodies your dream property and style perception, preparing the prerequisites to acquire the property becomes an easy task. The real estate agency in Dubai can guide you through the entire process of registering the property with the Dubai Land Department and becoming an official owner. The agents can help you obtain a No Objection Certificate (NOC) from the property seller, find translation services to translate it into Arabic if needed, create an agreement with all the terms and conditions listed and also check the seller’s history for possible mortgages present on the property. These processes are elemental for a smooth registration with the Authority and also important in helping you obtain a property visa in the future.

Leading The Luxurious Life 

Once the residential home has been registered under your name, the property is yours. From here on, you can apply to gain a property visa that allows you to enjoy the benefits of being a United Arab Emirates (UAE) resident. You can avail sponsorship visas, apply for a local drivers license, get an Emirates ID and access financial banks and institutions within the UAE all while enjoying the residency visa that can be renewed at the end of the provided term, the time period of which is dependent on the value of your property. 

The journey to your luxurious life begins with a simple self-conducted preference assessment that reveals to you all the features and amenities of the residential plot and the community as a whole must cater to help establish your dream home. Along with the assistance of a valued real estate agent, your process of selecting as well as acquiring the desired property will become absolutely convenient and efficient. 

Dubai offers premium services in every industry and real estate is one among the many. Vanguard Real Estate Brokers can help you make an informed and suitable decision keeping in mind all your needs and preferences. From viewing properties to helping you own them, the in-house experts will guide you through your investment journey till you acquire your envisioned dream home in your name.

No Comments

Visiting Dubai? Here Is How You Can Be A Property Owner In The Emirate

best real estate company in Dubai

Dubai, the new global hotspot has become one of the most desirable destinations to visit as well as reside in recent years and more so after the COVID-19 outbreak. The city’s commendable pandemic management has allowed Dubai to once again welcome visitors to visit the country and experience its incredible culture and unique attractions. For visitors who are looking to retain a part of the city permanently, investing in real estate is both an optimal as well as feasible option. Investors can further take advantage of specialized services as provided by registered real estate brokers like Vanguard to make their investment journey seamless and truly beneficial.  This blog explores how foreign investors can own a property for sale in Dubai during their visit to the Emirate.

Tourists arriving in Dubai are expected to provide a previously attained visit visa or apply for a visa on arrival in order to enter the country. This visit visa can also be used to acquire properties in specific freehold areas in Dubai as approved by the Land Department of the city. These properties are primarily of three types: off-plan residences, completed projects and lastly mortgaged spaces, each of which come with their separate rules and policies of acquisition. Depending on the type of property of interest, a real estate agency in Dubai can help clients attain their desired investments in a hassle-free manner. 

Off-Plan Residences

This type of real estate refers to projects that are still under construction or pending completion and hence are not available for immediate move-in. These properties can still be acquired from the developers by registering the purchase with the Land Department that also helps protect the interests of the buyers. Purchasers can also request a NOC (No Objection Certificate) in Arabic from the seller to ensure that all the fees have been paid from their end and the property can indeed be purchased. 

However, prior to the purchase, it is recommended to have the status of the project checked alongside its history – to check whether or not a mortgage exists. Furthermore, obtaining the original title deed of the property is also advised so that the Department can verify its authenticity and other legal aspects of the process can also be overlooked. The route of attaining a mortgaged property entails a different procedure and is explained further below. 

Completed Properties

Properties that are ready for occupancy (vacated premises or post-construction projects) are termed as completed and provide an easier method of acquisition as it is a more secure option for real estate investments. This type of residential investment involves a simple process wherein an agreement has to be created between the buyer and seller where the price of the property agreed for sale is provided and the legal document is signed and registered with the Land Department in Dubai. 

Mortgaged Spaces 

If a property that has been listed for sale holds a mortgage, the seller is expected to first settle the mortgage with the concerned bank or entity prior to providing the NOC to the buyer or the investor can pay 50% of the real estate value to the bank directly. This ensures that the buyer’s interests are protected and the space is acquired legally as per the laws set by the Dubai Land Department. The agreement signed thereafter by both parties must contain all the details of the deal including the agreed sale price, payment means, considerations and other terms and conditions. Along with this, a mortgage bank statement for successful registration of the property is also required. 

Other Benefits 

Back in 2019, the United Arab Emirates (UAE) government introduced new laws and policies that help expatriates attain desired properties while availing other benefits in association with their purchase. This mainly pertains to the type of property visa that is granted, which is in turn dependent on the amount of money invested in the property. These visas can be renewed again given that the property is owned by the buyer for the required period of time.

3-Year Property Visa 

This term visa is granted to investors who purchase a property that is worth AED 750,000 or more within any Emirate of the UAE. The visa is issued by the Dubai Land Department that also allows investors to access perks such as sponsorship of additional visas for family members, ability to apply for a UAE’s drivers license as well as an Emirates ID, essentially making the individual a resident. 

Access to bank services is an additional benefit and individuals and dependents with the visa can travel in and out of the country without any hassles. In addition, the purchase must not be made on a credit basis and the property must be retained for the three year period in order to maintain the visa. 

5-Year Property Visa 

Investors can attain this property visa if they invest in a property valued at AED 2 million or more and is applicable to any Emirate within the UAE. These visa holders can access all benefits available to residents such as gaining an Emirates ID, drivers license, additional visa sponsorships and access to financial institutions in the UAE. This visa is supported by investments that are maintained for a minimum period of five years and has been identified as a popular choice amongst foreign property investors. 

Golden 10-Year Visa

The Golden Visa can be obtained by individuals who make a real estate investment worth AED 10 Million and more. The policies of this visa were updated earlier this year, allowing for PhD holders and scholars with exceptional grades and talented individuals in the fields of science, math, arts and sports to attain the visa. Further to obtaining advantages as a resident of the country, these visa holders can also sponsor an advisor and executive director.

With the above benefits, you can not only retain a part of Dubai perpetually through your property investment but also be a part of the city as a resident. The UAE offers an enticing package for interested property owners to help individuals and businesses become more than investors in the country. On the basis of your property value and selection, you can be a proud owner of an apartment, villa or any other residential space of your heart’s desire in Dubai by taking advantage of its beneficial investment policies. Vanguard, one of the best real estate companies in Dubai can help you find the ideal property that suits your needs and expectations optimally.