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Freehold Property in Dubai
Dubai was the
first emirate of the United Arab Emirates (UAE) to get involved
in freehold real estate, at a time when UAE or GCC nationals were
only permitted to own property in the United Arab Emirates. Buying
real estate is now very easy.
In 2001, the Dubai government agreed to allow expats to have a 99-year
lease of property. But in May 2002, the crown prince of Dubai, Sheikh
Mohammed bin Rashid Al Maktoom, issued a decree allowing foreigners
to buy property on freehold ownership. After Sheikh Maktoum's decree,
this sparked the real estate boom in Dubai residential property.
The purchase of property on freehold basis means that the property
is put in the owner's name for life, and the owner has the right
to sell, lease or rent his/her property their own discretion. Property
owners and their immediate family, will obtain renewable Dubai residence
visas, which can cost Dhs. 5,000 per person.
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Accommodation
In Dubai |
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Number
of Bedrooms |
Weekly
Rent |
Mothly
Rent |
6
Months Rent |
1
Year Rent |
| 1
Bedroom Appt |
4,000
AED |
12,000
AED |
60,000
AED |
95.000
AED |
| 2
Bedroom Appt |
5,000
AED |
14,000
AED |
72,000
AED |
120,000
AED |
| 2
Plus Study Appt |
6,000
AED |
16,000
AED |
84,000
AED |
145,000
AED |
| 2
Bedroom Villa |
7,000
AED |
17,000
AED |
95,000
AED |
160,000
AED |
| 3
Bedroom Villa |
8,000
AED |
22,000
AED |
120,000
AED |
215,000
AED |
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AED
= United Arab Emirates Dirhams
1 GBP = 6.40981 AED |
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All
Prices include the following: |
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DEWA bills-Dubai Electricity & Water Authority (Excuding
yearly rents)
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Sahm bills- Phone line, Internet line & satellite Channels.
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Excess to communal facilities-swiming pool, gymnasium, kids
play area.
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Car Park Space- 1 allocated space for apartments. 2 spaces
at the villas. |
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also provide the following services: |
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Airport Transfers
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Maid Services
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Credit cards Welcome |
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For
more information please call us on: 0845
644 5058 |
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Sales
Stock Available |
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| EMAAR |
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| ARABIAN
RANCHES |
Type |
Villa
no. |
Actual
Cost |
Premium
% |
Plot
Size-sq.ft |
Specifications |
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Terra
Nova |
23 |
1,845,888,00 |
15% |
4,361 |
Type
17 |
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Terra
Nova |
30 |
1,883,888,00 |
15% |
4,361 |
Type
17 |
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Terra
Nova |
73 |
2,100,888,00 |
15% |
5,127 |
Type
18 |
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Terra
Nova |
119 |
1,885,887,00 |
15% |
4,361 |
Type
17 |
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Terra
Nova |
81 |
2,258,887,00 |
15% |
---- |
Type
13M |
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Mirador |
166 |
2,491,888,00 |
15% |
4,559 |
Type
17 |
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Mirador |
125 |
2,493,888,00 |
15% |
4,559 |
Type
17 |
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| THE
GREENS |
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Type |
Villa
no. |
Net
Sale Price |
Approx
Size sq-ft. |
Rental
Return Per Month |
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1
Bedroom |
TBC |
750,000,00 |
750 |
7,000,00
to 8,000,00 |
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2
Bedroom |
TBC |
895,000,00 |
1050 |
8,000,00
to 9,000,00 |
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2
Plus Study |
TBC |
1,100,000,00 |
1500 |
9,000,00
to 10,000,00 |
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3
Bedroom |
TBC |
1,250,000,00 |
1850 |
10,000,00
to 11,000,00 |
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| PALM
JUMEIRAH |
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Type |
Appt.
no. |
Actual
Coast |
Premium
% |
Plot
Size- sq.ft |
Specification |
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B14
Al Hallawi |
906 |
1,050,000,00 |
75% |
2,055 |
Type
F |
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B8
ABU Keibal |
708 |
815,000,00 |
75% |
1,582 |
Sold |
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B10
AL Shahlsa |
912 |
825,000,00 |
65% |
1,646 |
Type
E |
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Marina
B5 PJM5 |
0907B |
3,490,000,00 |
5% |
2,462 |
---- |
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Marina
B1 PJM1 |
0309C |
2,690,000,00 |
15% |
1,764 |
Type
C |
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| PALM
JEBEL ALI |
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Type |
Location |
Actual
Cost |
Premium
% |
Plot
Size- sq ft |
Specification |
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Watherhomes |
---- |
3,000,000,00 |
15% |
3,875 |
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Garden
Villa |
PAFRC03B |
2,860,000,00 |
27% |
6,500 |
Build
up Area 5,000 |
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Garden
Villa |
PAFRP05A |
2,860,000,00 |
27% |
6,500 |
Build
up Area 5,000 |
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Garden
Villa |
PAFRD03B |
2,860,000,00 |
27% |
6,500 |
Build
up Area 5,000 |
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Garden
Villa |
PAFR27B |
2,860,000,00 |
42% |
6,500 |
Build
up Area 5,000 |
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Garden
Villa |
PAFRF29A |
2,860,000,00 |
42% |
6,500 |
Build
up Area 5,000 |
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Garden
Villa |
PAFRA09B |
2,860,000,00 |
30% |
6,500 |
Build
up Area 5,000 |
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Signature
Villa |
PAFRA48 |
5,115,000,00 |
35% |
13,000 |
Build
up Area 7,000 |
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Town
Huse villa |
CD-05 |
2,090,000,00 |
30% |
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| Jumeirah
Islands |
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Type |
Location |
Net
Sale Price |
Status |
Plot
Size- sq.ft |
Specification |
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Master
view |
230296 |
4,000,000,00 |
Desert
Modern |
13,579.12 |
Build
up Area 7,200 |
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Master
view |
230297 |
4,000,000,00 |
Desert
Modern |
13,579.12 |
Build
up Area 7,200 |
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Entertainment
Foyer |
230299 |
3,200,000,00 |
Mexican |
10,609,36 |
Build
up area 5,478 |
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Garden
Hill |
230300 |
3,000,000,00 |
Egypt
VRENCLR2 |
10,254,28 |
Build
up Area 5,338 |
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Entertainment
Foyer |
230302 |
2,950,000,00 |
Dubai |
9,877,68 |
Build
up Area 5,230 |
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Entertainment
Foyer |
230303 |
2,900,000,00 |
Dubai |
8,640,28 |
Build
up Area 5,230 |
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Entertainment
Foyer |
341475 |
3,00,000,00 |
Mumluki |
10,609,36 |
Build
up Area 5,338 |
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Entertainment
Foyer |
310432 |
3,00,000,00 |
Mexican |
10,867,60 |
Build
up Area 5,478 |
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| Jumeirah
Village |
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Type |
Location |
Average
Cost |
Premium
% |
Plot
Size-sq ft |
Specification |
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Town
House |
---- |
880,000,00 |
5% |
1,980-
2,806 |
1
Bedroom |
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Town
House |
---- |
1,350,000,00 |
5% |
2,583-
4,801 |
2
Bedroom |
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Villa
Small |
---- |
1,472,900,00 |
5% |
6,781-
8,875 |
2
Bedroom |
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Villa
Large |
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1,760,000,00 |
5% |
6,903-
9,851 |
2 Bedroom |
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| Marina
Sail |
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Type |
Appt No. |
Actual
Cost |
Premium% |
Plot
Size- sq ft |
Specification |
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1
Bedroom Appt |
503 |
556,497,00 |
15% |
888 |
Type
F - 2 |
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1
Bedroom Appt |
1902 |
612,728,00 |
15% |
849 |
Type
G1 |
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1
Bedroom Appt |
2003 |
624,253,00 |
15% |
849 |
Type
F 1 |
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