WP Diamonds is the modern alternativeto pawnbrokers, auctions and consignment. Preferred mostly by families and individuals, apartments for sale in Dubai became one of premium investment assets these days. Here's a list of the best places to buy an apartment in Dubai. Purchasing property in Dubai is a safe and attractive option from the perspective of an investor. It is gradually moving away from an oil-based economy and relies less on oil-production in comparison to its neighbors. Buy, sell or consign your luxury items with our White Glove Service: free in-home appointments and pickup of your sale items are available around the US.From Birkin handbags to Patek Philippe watches to diamond rings, our VIP managers are here to help. Some of the most popular areas where there are large numbers of an apartment for sale Dubai include Dubai Marina, Jumeirah Beach Residence, Jumeirah Lakes Towers, Palm Jumeirah, Business Bay, and Downtown Dubai. The main district cooling suppliers in Dubai are Emicool and Empower. 25463, Apartment in Meydan, Dubai, UAE, 1 room, 30 sq.m. 25333, Apartment in Jumeirah Village Circle, Dubai, UAE, 1 room, 37 sq.m. 25011, Apartments in DAMAC Hills (Akoya by DAMAC), Apartments in Jumeirah Village Circle (JVC). This is generally 1% of the property value. It is used to authenticate the legal and financial process of transferring the title deed. Sell diamonds, luxury jewelry, watches, bags and sneakers in as little as 24 hours: honest price quotes and no fees. Mortgage registration fees (if applicable) are calculated at a rate of 0.25% of the registered loan amount and paid to the Dubai Land Department. When it comes to the available inventory of flats for sale in Dubai, there are many different options to consider. As soon as you have accepted our final offer, we will set the wheels in motion and wire the money to you, or mail a check if you prefer. In Dubailand, a well-developed modern area, prices start at AED 240,000. Prices in the city centre and in exclusive expat areas outside of the centre are very steep - although you can still get more reasonably priced places if you dont mind a bit of a commute. Apart from the regular single floor apartment units, there are speciality duplex and triplex units (spread over two and three floors of an apartment building), hotel apartments for sale (which enjoy access to the hotels amenities) and luxury penthouses. 5. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. If you want to cash in on your property purchase, then focus on return on investment (ROI), a performance measure used toevaluate the profitability of an investment. Discover market trends with our real-time data to help you make your next move. Real Estate Agents commission is usually 2% of the purchase price Luxury Experts: WP Diamonds is considered a worldwide expert for selling diamonds, engagement rings, luxury jewelry, watches, handbags and sneakers. With considerate focus on tourism, trade, education, and technological advancements, Dubai has risen to be a favorite expat destination and there has been an increase in the number of people who move here to work and live. These cookies ensure basic functionalities and security features of the website, anonymously. Transfer fees these are calculated at 4% of the purchase price, with an additional amount paid towards admin fees which currently is not in excess of AED 5,000 and is paid to the Dubai Land Department. By using this website you agree to the use of cookies for analytics and personalized uses. Additionally, investors and residents have seen great opportunity to buy an apartment in new and upcoming areas that offers exceptional waterfront lifestyle such as the Dubai Harbour, Dubai Creek Harbour, and Bluewaters Island. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. You also have the option to opt-out of these cookies. 25281, Apartment in Jumeirah Lake Towers, Dubai, UAE, 1 room, 36 sq.m. Established in 2012, our goal is to provide a fast and reputable selling service. With some rent-to-own contracts, you may have to maintain the property and pay for repairs. Two-thirds of expats say living in Dubai gives them access to more disposable income, with 85% paying off debts and building up savings. With the introduction of five-year multiple-entry tourist visas for the UAE, you can also ensure to keep your family close when you move here - with many flats for sale, you can choose apartments with enough room to host the entire family! In the Silicon Oasis community, you can even find a three-bedroom apartment for only AED 680,000. This fast-growing city is also known to be one of the most desired places to live in the world due to its reasonably priced accommodation, access to premium facilities and quality of life in terms of personal and financial safety. While these are all ready to move into properties, investors can also choose to look at off-plan flats in Dubai. Since the introduction of VAT in 2018, all the above-mentioned charges are also subject to the 5% VAT charge. A freehold property refers to a purchase agreement where an investor owns the property and the land it stands on. Popular freehold areas for expats looking for apartments in Dubai for sale include Palm Jumeirah, Downtown Dubai and Dubai Marina. However, when it comes to leading a fine quality of life, living in crime-free, secure environment and at the centre of the global economic expansion, the slightly high cost of living seems worth it. The WP Diamonds process is simple, fast and secure. Another cost when buying an apartment in Dubai is the agency commission. Whatever you decide, this is the right time to buy apartments in Dubai at the cheapest rates possible; however, make sure you do your research first. This cookie is set by GDPR Cookie Consent plugin. Convenient and Discreet: Sell online or via appointment at our modern and secure offices. We buy a wide and varied range of luxury goods: from diamond rings of 0.5ct to 5ct+, to luxury brands such as Rolex, Louis Vuitton, Omega, David Yurman, Chanel and much more. The current state of the real estate market makes it the right time to purchase an apartment - whether youre looking for something new from the off-plan market where the building is under construction or an apartment that is ready-to-move into to, you are likely to secure the best price now with an easy payment plan to suit your budget. Schedule your appointment or pickup by clicking the button below (service offered for items with a total second-hand value of over $25,000). Another reason Dubai is a popular location to invest in is due to the high return on investment (ROI) provided from an apartment for sale in Dubai. 1-bedroom flats for sale in Dubai cost upwards of AED 239k in neighbourhoods like Dubailand and can go up to 6M in The World Islands. You can own a little or large corner of this city of the future and make it your home as long as it serves your core needs. Trade in watches, diamonds, designer jewelry, sneakers and handbags: get 10% more on your offer when you opt for payment in store credit.At WP Diamonds, sustainability is at the heart of what we do: recycling designer goods back into the luxury market. Its resurgence is accompanied by an increase in the demand for rental properties. It is certainly worthwhile to own real estate in Dubai for the purpose of property investment. Are you on the fence? The cookie is used to store the user consent for the cookies in the category "Performance". 24950, Apartment in Dubai Marina, Dubai, UAE, 1 room, 67 sq.m. If you like year-round sun, living in a safe city and have a work-hard-play-hard mentality, then Dubai is definitely a good place for you. 4. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Residential clusters in International City, Silicon Oasis, and Jumeirah Lake Towersappear to have the highest ROIs of about 8%-9%. With all the years in the making, the Dubai real estate market now compares closely to leading real estate markets of the world. The apartments in Dubai for sale range from studio to 5-bedroom units with prices ranging from AED 160k to AED 58M. Most areas which offer leasehold properties for expat ownership are those set up to be freehold areas for GCC and UAE Nationals only such as Deira and Dubai Silicon Oasis. The emirates prospering property market is popular with both investors and renters. 25080, Apartment in DAMAC Hills (Akoya by DAMAC), Dubai, UAE, 1 bedroom, 40 sq.m. Flats for sale in Dubai are generally sold as commonhold properties. People from all over the world want at least visit it once. The following parameters are to be assessed when ascertaining the financial reality for an expat family living in Dubai -. The city boasts its vibrant real estate industry, with its mammoth developments featuring the worlds largest man-made islands, jaw-dropping infrastructures, and world-class communities. At WP Diamonds, we pay strong prices now. In fact, in 2016, it was estimated that 85% of the population in Dubai is composed of expatriates. 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Many developers now offer easy payment plans such as rent-to-own schemes, which make owning a brand new flat a possibility for those who may not have the capital for a mortgage down payment, which usually amounts to around 30% of the value of the property. The highest price for a 4-bed flat for sale in Dubai is AED 37M in Business Bay. The highest ROI is offered in areas such as International City, Dubai Silicon Oasis (DSO) and Jumeirah Lake Towers (JLT). There is never any obligation to sell. The following fees will generally apply to the sale and purchase of apartments in Dubai: NOC fees - these can range between AED 500 and AED 5,000 and are payable to the developer, usually by the seller. Residents can also choose from unfurnished and furnished apartments for sale depending on his/her budget and lifestyle requirements. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Have a question? Dubai remains one of the most popular tourist and residential destinations in the world. Normally, you would also hire a broker/real estate agent, and the general rule for their commission is 2% but this can be negotiated with your agent. On top of the 4%, there are also administrative fees which can be a maximum of AED 5k. Commonhold properties are similar to freehold properties where you can rent, sell and inherit a commonhold apartment in Dubai. 5-bedroom apartments in Dubai range from AED 2.1M to AED 45M, with many of the properties found in Downtown Dubai. dubizzle.com 2022, All Rights Reserved. As per the rules from the Dubai Land Department (DLD), the buyer is required to pay a registration fee of 4% of the property value for all properties, irrespective of whether it is ready or off-plan. No. A Registration Trustee Appointment fee must be paid in cash and cost AED 4,000 through title deed and 5,000 through off-plan. Those who are using conveyancing services will also have to pay that fee. Off-plan units are generally sold directly from the developer before they are even built, typically on a payment plan. Examine Dubais 2022 apartments prices compared to earlier time periods. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Start your search for your dream apartment in Dubai now! 25337, Apartment in Business Bay, Dubai, UAE, 1 room No. Since the freehold law was passed in 2002, large demand for apartments for sale in Downtown Dubai and other areas have seen in Dubai real estate market. Regardless of which nationality one belongs to, Dubai is touted to be one of the most expensive cities in the world. Dubai is a fast-evolving modern economy which makes it an ideal destination for trade, investment and living. Once you have selected an apartment to invest in and spoken to the seller, the next step is for the buyer and seller to agree on the terms of the sale through a Memorandum of Understanding (MOU) which is signed by both parties. Need some advice?Were always here to help. Unlike traditional buyers, we purchase your items directly. Our experts will be in touch with your final price, WP Diamonds Is The Fast And Lucrative Way To Sell Luxury Goods Online. A rent-to-own option is a deal in which you commit to renting a property for a specific period of time, with the option of buying it before the lease runs out. We buy your luxury items directly, with no fees or commissions deducted from your final offer. 25007, Apartment in Jumeirah Village Triangle, Dubai, UAE, 2 bedrooms, 103 sq.m. The Dubai apartments for sale in areas such as Downtown Dubai, Dubai Marina and Palm Jumeirah all offer a good ROI of over 5.4%. This cookie is set by GDPR Cookie Consent plugin. Some of the most popular areas to buy apartments in Dubai consist of a mix of luxury and affordable neighbourhoods. What are the best neighbourhoods to buy flats in Dubai? Many people move to the city for career progression, to increase their earnings and for a general improvement in the quality of life. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Similarly, if you work in a particular area, check out the public transport routes or general accessibility to the flat to help you make your decision. 1. If things dont work out, we send your items back to you free of charge and fully insured. 25004, Apartment in Jebel Ali, Dubai, UAE, 3 bedrooms, 136 sq.m. The cookies is used to store the user consent for the cookies in the category "Necessary". Don't miss out on the best deals. We take your security seriously, read our Insurance & Delivery Terms. These cookies track visitors across websites and collect information to provide customized ads. These cookies will be stored in your browser only with your consent. There is no other city in the world quite like Dubai, which is home to iconic structures like the Dubai Creek Tower and the Burj Khalifa. The service charges are payable to the developer of the building and are regulated by the DLD to protect both parties. You pay rent throughout the lease, and in some cases, a percentage of the payment is applied to the purchase price. Dont wait for months to list your items on consignment sites only to have the pieces discounted. No. Whereas, if you enjoy more of a community vibe, you can explore upcoming areas like Dubai Hills Estate, Damac Hills, and Townsquare. 7. International Luxury Buyers: We work with customers around the globe, with offices in NYC, London, Hong Kong and Tokyo for in person appointments. No. Dubai flats for sale include studio units priced from AED 160k to AED 2.1M with the higher-priced units found in areas such as Palm Jumeirah and The World Islands. Dubai is home to some of the most amazing attractions in the world. Numerous residential buildings in Dubai offers affordable and luxurious apartments for sale, with amenities like swimming pools, spas, gyms, security service, and more. These fees are known as service charges and are usually collected by the building owner/developer. Investing in an apartment in Dubai gives a high and quick return on investment. Dedicated Client Representative: Our customers work with one dedicated client representative throughout the entire process. A commonhold property is when multiple investors own different flats in a building and collectively pay fees for maintaining common areas. Currently, only a handful of developers offer RTO schemes in Dubai, however, there are schemes being advertised in areas such as Dubailand, Motor City and Jumeirah Village Circle for periods of up to 20 years, but many other developers are opening up to such schemes. There are many great neighborhoods to choose from throughout the city the best one would largely depend on your needs. Our professional agents advise on after-sales service and arrange all the paperwork. Thanks for your interest. Our experts will be in touch with your price quote, 3. And seven in 10 people would recommend the country to someone looking for a new life abroad, which isn't a surprise considering how much there is to do here. The variation in rental prices range from a studio apartment being available at AED 20,000 - 35,000 per year in Dubailand and International City to AED 70,000 - 85,000 per year in Business Bay and Downtown Dubai. Our main goal is to provide as much market information as possible, to give you the knowledge and confidence you need to progress with your home buying and investments. Dubai has a very well-developed real estatesector, meaning you can find pretty much any sort of housing you could wish for. 24983, Apartment in International City, Dubai, UAE, 2 bedrooms, 78 sq.m. Any person of any nationality, whether based overseas or a resident of the UAE, can purchase in a flat in Dubai. You can buy cheap property in Dubai for as low as AED 160,000. The prices depend and vary based on these locations, apartment sizes and whether they are unfurnished or furnished. Over the past 18-months, the property sale prices have softened, with apartments becoming more affordable. Certain developers also levy a refundable deposit upon the buyer, which is only refunded when the buyer presents the new title deed at the developers office and their records are updated. What is a rent-to-own option for buying flats in Dubai? Both locals and expatriates that seeks long-term investment can take full advantage of owning a property in the city. Dubai is one of the amazing tourism and immigration destinations. Dont worry, its easy. No. We also use third-party cookies that help us analyze and understand how you use this website. The cheapest property options are in Al Mamzar, Dubailand, and Silicon Oasis. This is thanks to our pricing expertise, industry connections and the fact that we buy your items directly. If the economy continues to improve, this will result in even better returns on investment. It allows investors to get a decent price on a piece of real estate. We offer seamless real estate customer experience from start to finish, considering your needs and requirements. If you are planning to take out a mortgage to facilitate the apartment purchase, you need to account for a 30% down payment. This website uses cookies to improve your experience while you navigate through the website. No. Speaking strictly about apartment costs in Dubai, there is a wide range of options that are available. Leasehold properties cannot be bought outright and must be leased from a UAE or GCC National landlord. To rent a lavish 3-4 bedroom luxury apartment can cost you anything between AED 300,000 - 400,000 a year in Dubai Marina and Downtown Dubai to a whopping AED 700,000 - 750,000 in similar high-end areas. It gives the properties in this area a lot of investment possibilities. Every year Dubais rankings keep increasing on the quality of life index as compared to other global cities. These are some of the reasons why the city attracts millions of visitors annually and is home to residents of over 200 nationalities. 6. However, many potential expats are put off by the idea that they need to invest big money to buy a property in Dubai. The rapidly growing city charms visitors quickly so that many decide to stay here to live. Naturally, this means your decision to invest in property needs to be well-calculated but it will be profited by a myriad of beneficial opportunities. If an investor is considering getting a mortgage, then the respected banks will need to get involved. The following neighborhoods are among the most popular areas that attract foreign investors: These areas are designated as freehold, providing owners with a right to resell, rent out, or donate an apartment. Finding an inexpensive apartment in Dubai is easier than itmightseem at first. The ROI in International City is 9%, DSO offers a rental yield of 8.2% and JLT has an ROI of 7.9%. When searching for a new home, its important to understand how much its going to cost to run once youve moved in. When signing an MOU the buyer has to pay a deposit for the property, which is generally calculated to be 5% to 25% of the property value. No. We use cookies on our website to give you the most relevant experience. These cookies are used to collect information about how you interact with our website and allow us to remember you. 25509, Apartment in Dubai South (Dubai World Central), Dubai, UAE, 1 room, 40 sq.m. No. 25008, Apartment in Jumeirah Village Triangle, Dubai, UAE, 1 room, 41 sq.m. This is a country of luxury, increased comforts, year-roundwarm weather, and innovative technologies. The filters on Bayut help to tailor the selection according to your requirements. An average property transaction in Dubai takes 30 days to complete from the date on which the Agreement for Sale is signed, and you can move in right away. What you need to know about buying Apartments in Dubai. We will contact you via phone or email with a price quote based on the information you provided. What are the miscellaneous fees involved in purchasing a flat in Dubai? Yes, there are indeed lots of luxury mansions and penthouses in the United Arab Emirates, but there are also inexpensive real estate options.

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