Owner: A to Z Property Guide Dubai URL:http://atozpropertyguide.blogspot.com Join Date: Sun, 13 Apr 2008 06:41:25 -0500 Rating:0 Site Description: a compilation of Dubai's key real estate projects Site statistics:Click here
Dubai's Strategic Plan - 2015 2008-04-12 08:10:00 The DubaiStrategic
Plan - 2015 (DSP), unveiled by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, is set to maintain double-digit economic growth, achieve a GDP of US $108 billion and increase real per capita GDP to US $44,000 by 2015.BackgroundSince its establishment of the United Arab Emirates in 1971, Dubai has developed a distinct identity as a modern and dynamic Emirate. Dubai now enjoys global reputation as an economic hub and an excellent location for investment. As the global environment becomes more competitive and challenges grow, Dubai needs to ensure that it continues to build on its success through proper planning and strategy development.The Executive Council, directed by the overall vision of Dubai's leadershi
Dubai Facts 2008-04-11 01:12:00 GeographyThe United Arab Emirates (UAE) comprises seven members: Abu Dhabi (the capital city), Dubai
, Sharjah, Ajman,Umm Al Quawain, ras Al Khaimah and Fujairah.Dubai has total area of 3,885 square kilometers and is the second largest emirate. The UAE has 700 kilometres of coastline, of which 100 kilometres are on the Gulf of Oman. Along the Arabian Gulf Coast, there are offshore islands, coral reefs and sabkha, or salt marshes. Stretches of gravel plain and sandy desert characterise the inland region.ClimateThe UAE has sub-tropical, arid climate. Rainfall is infrequent and irregular. Falling mainly in winter, it amounts to some 13 centimetres a year. Temperatures range from a low of about 10 degrees Celsius to a high of 48 degrees Celsius. The mean daily maximum is 24 degrees in January r
Editor's Note 2008-04-10 02:05:00 Dubai has witnessed phenomenal changes in the last ten years or so. A city that grew from the the typical desert landscape to a vibrant city that knows no limits; a truly remarkable transformation that has not only proved to the region that there are no limits, it has also captured the eyes of the world. A financial centre, tourist spot, trading hub...it has earned many names.Over the last couple of years, Dubai has also began witnessing the fruition of what used to be off-plan sketches and images on well presented marketing brochures. Investors and homeowners are increasingly taking ownership of their properties with even more new properties and developments still being announced. But that's not all, the infrastructure has also taken shape to support all the new communities and projects: Read more:Editor
Crew Behind The Book 2008-04-10 00:03:00 Publisher: OMS Advertising LLCEditor In Chief: Dr. Ali MatarSales & Marketing: Ammar RiyalArt Director: G. ZakkourResearchers: Michelle Sepra (Olorocisimo)Richard WagnerEmma Perry
marketing
F A Q 2008-04-13 07:16:00 What is a premium?Premium is the amount that you pay above the original price charged by the developer. This can be a percentage of the original price, or a fixed amount. The premium plus the original price is the net selling price to the owner, and does not include transfer fees or commission.What is a transfer fee & commission?This fee is paid to the developer in transferring ownership from seller to buyer. It varies between 1 percent and 7 percent of the selling price or original price and so can be a substantial amount, usually paid by the buyer. Commission is normally 2 percent of the selling price in which the buyer normally pays, although on some occasions, the seller may pay 1 percent of the commission.Why do people want to know the original price?This is the price which the or
Buying Process 2008-04-13 06:57:00 Who can Buy?Anybody can purchase in Dubai's luxury freehold property market.Leasehold or Freehold?Freehold is available on many of the developments in Dubai. Some projects are 99 year leasehold.Payment TermsIn general, a deposit representing 10 - 15% of the buying price is required at the contract-signing stage for all new development properties. each developer will offer a different payment plan.Payment Terms for Completed PropertyCompleted property needs to be paid in full (100%). The developer will charge a 1-2% transfer fee to put the property contract into your name and the contract will follow in about 2 weeks.Bank AccountsBuyers do not need a local bank account to arrange purchases.Purchase TimescalesPurchases normally take no longer than two weeks to complete. It is important to ha Read more:Buying
, Process
Property Law 2008-04-14 07:33:00 Real Estate in Dubai The Property market has been on the commercial forefront of the United Arab Emirates for the past several years. In particular, Dubai has witnessed investments from around the world and high appreciation. While most sellers and purchasers of real estate here are focused on the investment potential of their properties and rate of return, there are numerous legal issues of which sellers and purchasers should be aware. Oftentimes, parties are uninterested in the legal aspects of their transactions until things go awry. The following will focus on: real estate regulation in Dubai; ownership of real estate in Dubai by foreign persons; leaseholds under the UAE Civil Code; and disposition of Dubai real estate under applicable inheritance and probate laws.Issuance of the Prope
Free Zones in Dubai 2008-04-19 02:56:00 Tax Free Business Opportunities in Dubai
Introduction to Dubai Free Zones
The UAE's spectacular growth in real estate business has not only completely transformed the sahpe nof the whole Emirates. It also increased the number of individuals and companies wanting to set up base in the Middle East's fastest growing and most advanced city - Dubai.In the UAE, 100% ownership is only guaranteed if a company sets up in a Free Zone but in this case no local partner is required. The company retains full control over the their businesses and assets. The UAE government has guaranteed that there will be no corporate taxes for companies operating in a Free Zone for up to 50 years. All profits can be transferred out of the country and there are no currency restrictions.What is a Free Zone?According to the
Selling Your Property 2008-04-16 08:25:00 If you have reached a decision whereby you decide to sell your property, there remain are a few matters that must be ensured before going ahead. Considering these points is vital to a successful transaction.Memorandum of UnderstandingPricing your PropertyAlways Verify the Documents- - - - - - - - - - - - - - - - - - - - - - - - - - - - -Memorandum of UnderstandingThe Memorandum of Understanding (MOU) is an agreement between seller and buyer. It does not have the binding power of full contract; however it regulates the basic conditions of a deal.It is imperative to clearly state the conditions of the agreement. This can be done by clarifying fee payments at the outset;* Cancellation Fee - Must be paid when one party changes his/her mind pertaining to the completion of the deal. The fee amou
Property Law 2008-04-14 07:33:00 Real Estate in Dubai The Property market has been on the commercial forefront of the United Arab Emirates for the past several years. In particular, Dubai has witnessed investments from around the world and high appreciation. While most sellers and purchasers of real estate here are focused on the investment potential of their properties and rate of return, there are numerous legal issues of which sellers and purchasers should be aware. Oftentimes, parties are uninterested in the legal aspects of their transactions until things go awry. The following will focus on: real estate regulation in Dubai; ownership of real estate in Dubai by foreign persons; leaseholds under the UAE Civil Code; and disposition of Dubai real estate under applicable inheritance and probate laws.Issuance of the Prope
F A Q 2008-04-13 07:16:00 What is a premium?Premium is the amount that you pay above the original price charged by the developer. This can be a percentage of the original price, or a fixed amount. The premium plus the original price is the net selling price to the owner, and does not include transfer fees or commission.What is a transfer fee & commission?This fee is paid to the developer in transferring ownership from seller to buyer. It varies between 1 percent and 7 percent of the selling price or original price and so can be a substantial amount, usually paid by the buyer. Commission is normally 2 percent of the selling price in which the buyer normally pays, although on some occasions, the seller may pay 1 percent of the commission.Why do people want to know the original price?This is the price which the or
Buying Process 2008-04-13 06:57:00 Who can Buy?Anybody can purchase in Dubai's luxury freehold property market.Leasehold or Freehold?Freehold is available on many of the developments in Dubai. Some projects are 99 year leasehold.Payment TermsIn general, a deposit representing 10 - 15% of the buying price is required at the contract-signing stage for all new development properties. each developer will offer a different payment plan.Payment Terms for Completed PropertyCompleted property needs to be paid in full (100%). The developer will charge a 1-2% transfer fee to put the property contract into your name and the contract will follow in about 2 weeks.Bank AccountsBuyers do not need a local bank account to arrange purchases.Purchase TimescalesPurchases normally take no longer than two weeks to complete. It is important to ha Read more:Buying
, Process
Dubai's Strategic Plan - 2015 2008-04-12 08:10:00 The DubaiStrategic
Plan - 2015 (DSP), unveiled by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, is set to maintain double-digit economic growth, achieve a GDP of US $108 billion and increase real per capita GDP to US $44,000 by 2015.BackgroundSince its establishment of the United Arab Emirates in 1971, Dubai has developed a distinct identity as a modern and dynamic Emirate. Dubai now enjoys global reputation as an economic hub and an excellent location for investment. As the global environment becomes more competitive and challenges grow, Dubai needs to ensure that it continues to build on its success through proper planning and strategy development.The Executive Council, directed by the overall vision of Dubai's leadershi
Dubai Facts 2008-04-11 01:12:00 GeographyThe United Arab Emirates (UAE) comprises seven members: Abu Dhabi (the capital city), Dubai
, Sharjah, Ajman,Umm Al Quawain, ras Al Khaimah and Fujairah.Dubai has total area of 3,885 square kilometers and is the second largest emirate. The UAE has 700 kilometres of coastline, of which 100 kilometres are on the Gulf of Oman. Along the Arabian Gulf Coast, there are offshore islands, coral reefs and sabkha, or salt marshes. Stretches of gravel plain and sandy desert characterise the inland region.ClimateThe UAE has sub-tropical, arid climate. Rainfall is infrequent and irregular. Falling mainly in winter, it amounts to some 13 centimetres a year. Temperatures range from a low of about 10 degrees Celsius to a high of 48 degrees Celsius. The mean daily maximum is 24 degrees in January r
Editor's Note 2008-04-10 02:05:00 Dubai has witnessed phenomenal changes in the last ten years or so. A city that grew from the the typical desert landscape to a vibrant city that knows no limits; a truly remarkable transformation that has not only proved to the region that there are no limits, it has also captured the eyes of the world. A financial centre, tourist spot, trading hub...it has earned many names.Over the last couple of years, Dubai has also began witnessing the fruition of what used to be off-plan sketches and images on well presented marketing brochures. Investors and homeowners are increasingly taking ownership of their properties with even more new properties and developments still being announced. But that's not all, the infrastructure has also taken shape to support all the new communities and projects: Read more:Editor
Crew Behind The Book 2008-04-10 00:03:00 Publisher: OMS Advertising LLCEditor In Chief: Dr. Ali MatarSales & Marketing: Ammar RiyalArt Director: G. ZakkourResearchers: Michelle Sepra (Olorocisimo)Richard WagnerEmma Perry
F A Q's Property Law 2008-04-16 08:20:00 Why was the Dubai Law No. 7 of 2006 ("Property Registration Law") enacted?Five years ago, the Emirate of Dubai, via the master developers Emaar, Nakheel, and Dubai Proeprties, began offering property on freehold basis to foreign purchasers. These purchasers entered into sale and purchase agreements for their Dubai Properties, but were unable to obtain official title in their proeprties, and many were unaware of the scope of their rights regarding their properties. The Property Registration Law was introduced to address these concerns and provide foreign purchasers of real estate with the level of comfort and security that they were seeking.Can a foreign company purchase real estate in Dubai?Yes. Article 4 of the Property Registration Law states that foreign persons (both artificial and nat
Dubai Real Estate Sector Near and Long Term Outlook 2008-05-11 21:21:00 Everyone has an opinion about Dubai
Real Estate
, what's yours about?There is no right or wrong answer to real estate, it is about science and art, subjectivity, gut-feel and most importantly experience. Our Consultancy Services team comprises specialised and economists qualified Chartered Surveyors. We look specifically at the real estate market, treating it as a tangible investment asset class wh Read more:Outlook
, Long Term
Dubai Metro 2008-05-24 02:48:00 The origin:The Dubai
government commissioned studies to evaluate the most efficient and cost-effective solutions to combat traffic congestion, which resulted in the birth of the Dubai Metro. The seeds for the project were sown back in 1992, when a feasibility study known as R400 was completed and concluded that Dubai could no longer rely only on Roads Transport System to cater for its escalating t
Transfer Fees 2008-06-21 07:42:00 A transfer fee will be required for transferring the ownership of a property to another person which has to be paid in most cases by the buyer directly to the developer. Depending on the developer, the transfer fee will vary between 1% and 10%, either on the original price or the new purchase price. the figures which are displayed below could change and are not optional.(Applicable to the original
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