Dubai is perhaps the greatest wonder of unprecedented possibilities. Everything is possible in Dubai, because money is no object here. The government confidently invests in new construction projects for which it issues the permits itself. Dubai’s great strength is the stability of the UAE, the United Arabic Emirates (also called UAE).
Unlike, for example, the Côte d’Azur where about 15-20 different nationalities buy a home, Dubai has a customer base of more than 200 nationalities. When there is unrest somewhere in the world, people with money look for a safe haven. That safe haven is Dubai.
The port of Dubai is located on the Persian Gulf and the water is brought further into the country via an ingenious canal system. The new Dubai may be physically located in the desert, but it is strikingly green. This creates many areas with beaches and boulevards that would not be out of place on the Côte d’Azur. A luxurious penthouse right on the water or a luxurious villa in a green park? It’s all possible.
There is also no water shortage in the desert. All greenery and water from the tap and shower is fresh water. This is due to the many special salinization factories such as the new Hassyan Power Plant. They use reverse osmosis desalination and has operated for more than a year on natural gas instead of coal. The $3.4 billion project is expected to generate more than 140 million gallons of water a day.
Buying new construction in Dubai
The purchasing process in Dubai is mainly a race against time to make a reservation. There is a limited stock of new construction projects, but at the same time also a waiting list of interested buyers from all over the world.
If you work with our boutique in luxury real estate for Dubai, we will tell you the current stock and which districts best suit your needs and expectations. We have villas, apartments, but also complete floors, penthouses and buildings in the portfolio.
We work closely with the largest project developer Emaar. Thanks to our good relationship, we can make reservations in the system and guide you through the purchasing procedure.
Buying process
Building a new residence in Dubai takes an average of four years. However, before the first pilar has been driven into the ground, everything has been sold to investors and private individuals who understand how hot the market is. They often buy not one but several units that they can sell at a high profit before delivery. This is called ‘flipping’ and is a very interesting way to build wealth.
Once you have chosen a home and location, send us your copy of your passport, your email and mobile number. You will then receive a reservation contract with all the details by email with SMS code. You will pay AED 40,000 within 14 days. This amounts to approximately 10,000 euros to secure your reservation. You also pay the Dubai Land tax; this amounts to 4% of the purchase price.
From that moment on the reservation is complete. After the purchase contract has been signed and you have paid two installments (20% in total), you will receive a login with which you can remotely monitor the building progress of your new apartment in Dubai. Our team is on site to help you with additional matters such as water and air connections, the interior and the possible rental of your home. Because with the expansion of the new super large Al Maktoum airport, the number of holidaymakers will increase sharply. And with it the demand for luxury accommodation.
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