Among the trends prevailing today in the real estate market of the Emirates, one should note a decrease in excitement among dealers.
Due to the fact that the prices are sometimes overstated by the developers themselves, some objects (such as Burj Dubai) are sold on the secondary market cheaper than their primary (original) price. In other words, investors who invested in this project with the goal of earning money on speculation can now sell what they have acquired only with a loss. Therefore, shareholders are trying to more and more thoughtful approach to speculative buying and selling real estate. Gone are the days when the contribution made at the booth of the developer in a large shopping center guaranteed an indispensable income.
On the other hand, the construction business as a whole remains quite profitable. Only the structure of deposits and risks is changing, becoming more complex and requiring a balanced analysis of the situation. So, for example, among the investment methods that are gaining popularity recently, it is worth noting the participatory procedure, when several shareholders invest in a project for the construction of an object, and then gradually return their money with dividends by selling the constructed building or leasing it .
Until recently, foreigners could only rent land in the UAE from the state; only in the last 2-3 months did they receive the right to purchase individual plots in the emirate of Dubai using the freehold system. However, the exact content of this term remains unclear until the relevant federal law is adopted. In the very near future, he should clarify whether the buyers of such objects can consider themselves the owners of the land or only its tenants for 99 years.
In conditions of such mobility and dynamism of the market, investors who decide on such a business should clearly determine the object of investments, their volume and what prospects (short or long-term) they are designed for.
In a new situation, realtors have to master non-standard approaches to clients. Among the companies that have accumulated solid experience in being able to navigate the rapidly changing real estate market, Creative Concepts agency can be singled out, whose employees well understand the peculiarities of the psychology of the Russian client. Long living in Dubai, they have solid experience working in real estate development companies and contacts in government agencies, allowing them to choose the most profitable investment options.
If the client is outside the UAE, the agency will help him quickly complete all the formalities associated with obtaining a visa, and will also book a hotel room. Upon arrival, all buyers are given a market analysis, the key to their objectivity is the independence of the agency from specific construction companies. Moreover: thanks to their experience working in such companies, agency employees themselves successfully act as developers, encouraging their clients to share in completely different areas.
An example of a quick payback project is to become a future factory for the production of panel boards. The latest European technology will allow you to design on a computer the design of any building, be it a villa, cottage or office space. Then you just have to pay the money - and after 10-15 days it will be possible to move into a new house, commissioned "turnkey". By the way, such construction is several times cheaper than usual, but it allows you to build high-quality monolithic buildings with multilayer walls with high speed, which have excellent heat-insulating and waterproof properties. Those who agree to invest for the long term may be interested in a dolphinarium and crocodile farm in the complex Dubai Marine World, which is being built in the Dubai Creek Park (Creekside Park).
A democratic approach to working with clients allows Creative Concepts to work with all market segments. Among his clients there are those who are interested in property in Dubai Marina or Dubai Sports City, and those whose budget is only $ 100 thousand for investments.
Individual counseling is designed to help potential investors determine their budget and how soon they want to return their money. The package of services provided by the agency also includes excursions to any objects.
The agency accepts payments (both in cash and by bank transfer) and assumes the execution of all necessary documents, helping, if necessary, in opening offshore companies, registering a business and arranging a mortgage. Confidentiality and purity of the transaction are guaranteed.
Now few people are surprised that a real estate buyer can be helped with the search for an interior designer. However, plus to this, the agency provides such a new service as the management of acquired projects. This includes the whole range of work on investment control: the search for a profitable plot of land, the conclusion of contracts with the construction contractor and the supplier of materials, the protection of the project, its implementation and subsequent sale - in a word, what is commonly called project management.
Upon completion of the building, you can only sell part of it, leaving the other to your employees; such corporate housing (for example, the project Dubai International City) for the company will cost much cheaper than usual.
In the event of successful cooperation, Creative Concepts agency provides the client and his family with an exclusive trip on a real wooden two-masted yacht to the fjords of the Musandam Peninsula for free, where you can relax, go fishing and diving. There is no better way to celebrate a successful acquisition.
Creative Concepts Real Estate:
P.O. Box 57187, Dubai, UAE
Tel .: +971 (04) 222 9007
Fax: +971 (04) 222 1130
Email: [email protected]
Site: www.crecons.com
Russian-speaking consultants:
(050) 387 5070 Sandra
(050) 302 1411 Philippe
