Sidra Villas by Emaar at Dubai Hills Estate

The successful release of Sidra Phases 1 and 2, Sidra Phase 3 is available now. http://goo.gl/4waMjG

The successful release of Sidra Phases 1 and 2, Sidra Phase 3 is available now.  REGISTER FOR ACCESS http://goo.gl/kwb1yZ

Dubai Hills Estate, the first phase of Mohammed Bin Rashid City, introduces Sidra. It is a collection of ultramodern luxurious villas elegantly designed for comfort and taste for the high life of its residents.

Sidra will feature five types of villas ranging from 3,102 – 4,283 sq.ft. each featuring 3-5 bedrooms.

Sidra can also avail of the Dubai Hills Golf Club in order for its residents to stay fit and active. It is a world-class golf course, an 18-hole championship one with a massive carpet of greens.

Simply choose the floor plan that suits your interior and lifestyle needs for a seamless living experience.

Get a post payment plan by paying 60% through easy instalments till completion and 40% payment post handover over 2 years.

REGISTER FOR FLOOR-PLANS, BROCHURE PRICES AND EXCLUSIVE ACCESS TO THE PRE-SALE http://goo.gl/kwb1yZ

Please Call +971 56 1701787 or send an email to empirepropertydubai@gmail.com  for further details.

Project Image:

Property in Sidra at Dubai Hills Estate by Emaar
Property in Sidra at Dubai Hills Estate by Emaar

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How to Buy Property in Dubai UAE – Detailed Guidance

This Guide is intended to explain the typical steps involved in buying a property in Dubai. The Guide is free to everyone, not just members of empirepropertiesdubai.com. After reading it, you should have enough knowledge to handle your purchase with confidence.

What service can I expect from an estate agent?

The real estate agent is paid by the Vendor, so they act for them not the purchaser. He is not obliged to highlight negative aspects of the property to you. The agent will show you suitable property for sale and put any offers to their vendor clients.

What costs do I need to consider?

There are a number of costs to be taken into account when buying property. Typically these are: –

  • Solicitor’s fees (including stamp duty, local authority searches, etc)
  • Part payments on council tax, ground rents, service charges
  • About 10% deposit
  • Property insurance and house contents insurance
  • Mortgage (indemnity premium and arrangement fees – usually can be added to mortgage)
  • Surveyor’s fees
  • Removal firm
  • Services

I’m a first time buyer, what’s the process involved?

Roughly these are the steps involved in buying property:-

  • You find a property
  • You get a mortgage and appoint a solicitor
  • The mortgage company will carry out their valuation on the property
  • You instruct a surveyor to do a home buyers report or full survey
  • The Vendors Solicitor supplies draft contract, title deeds on the property to your Solicitor
  • Your solicitor arranges for local search and raises any queries with the Vendor’s solicitor.
  • Once your solicitor is satisfied you can proceed to signing contracts and agreeing a completion date.
  • You provide the Vendor with the deposit
  • Signed contracts are sent to you from Vendor
  • Contracts are exchanged and you arrange insurance for the property
  • Completion takes place on agreed date
  • Your solicitor pays remainder of purchase price to Vendor’s solicitor
  • Vendors solicitor confirms that sale is complete and arranges for keys to be handed over.
  • You move in!

What survey will I need?

If you wish to appoint a Surveyor to prepare a report on the condition of the property then this should be done when your offer has been agreed. Normally, two types of Report are available, depending on the extent of information you require. You should ask your solicitor which type of survey is appropriate for the property you’re buying.

Mortgage Valuation Report– This one is carried out by the mortgage company to determine that they are prepared to lend you money to buy the property. Often their valuation can be up to 15% lower than the asking price- this is because they are always more cautious. It does not mean that the property will not sell for the asking price. It’s not advisable to rely on a mortgage valuation – the mortgage company has no legal obligation to you. So you should arrange either a Home Buyers or Full Structural Survey.

Full Structural or Building Survey Report– This survey can be a very detailed report depending on what agreed with the surveyor. It goes a few steps further than the Home Buyers report and is often recommended for property that is particularly old.

How should I choose a solicitor?

It is important to appoint a Solicitor who will deal with the sale of your property promptly. The cheapest might not be the one who looks after your interest best. It is essential the Solicitor is geared to handling residential sales, can be readily contacted and can deal with your work speedily. In our experience, it is in your interest to appoint a Solicitor who is fairly local.

What’s involved in the Solicitor’s role?

You may want to get your solicitor involved as soon as you make an offer (which should be made subject to survey). Your solicitor can then advise what steps to take if there are any problems with the survey.

When the buying processes start and the Vendor’s Solicitor has obtained the property title deeds etc from the Vendor’s Building Society or Bank, they will prepare the contract of sale. Your Solicitor will then examine the papers and raise any queries based on the title deeds, and related matters about the property.

When your Solicitor is in receipt of all replies to enquiries, a satisfactory local search, a copy of a mortgage offer, a signed contract and a deposit cheque, they can then proceed to exchange of contracts.

The deposit cheque is normally for a sum of 10% of the purchase value of the property. You therefore need this sum in order for you to progress to exchange. Exchange means the transaction is legally binding.

Completion is normally 28 days from the date of exchange. On completion your Solicitor hands over the remainder of the purchase money to the Vendor’s Solicitor.

At completion, not before that exact time, you can move into your new home. Keys will be handed over by the Vendor or estate agent.

What do I need to arrange at exchange of contracts?

Obviously, also see if a friend or neighbor can recommend a removal firm. Get more than one quotation and don’t base your decision on price alone.

Arrange insurance-Buildings & Contents- You will need to arrange insurance for your property usually when contracts have been exchanged. Your solicitor will be able to advice.

Services, Maintenance Contracts and Council Tax– It is important, in order to avoid unnecessary costs/avoid disconnection, that you notify the service authorities (gas, water, telephone, electricity) of the date that you will be moving from your property. Also you’ll need to notify the service authorities in the area you are moving to of your move in date.

Some of the best location for property investment in Dubai

Top Tips for Home Buyers in Dubai

Dubai is the very popular and hottest property market in UAE. Many emirates and non-residents have chosen to best option to invest since freehold property was established for non-UAE nationals in specific areas of Dubai in 2002.

This Guide is explain the typical steps involved in buying a property in Dubai. The Guide is free of cost, not for only members of empirepropertiesdubai.com. After reading it, you should have enough knowledge to handle your purchase with confidence.

Keep registering with estate agents.

Sometimes agents don’t get back to you or send details. It can seem like they’re not interested and you wonder if they want to sell houses! This is a misleading perception – they’re just busy and someone else might have beaten you to the post. Estate agents are not obliged to call you when your ideal property comes in. So it pays to call and visit regularly.

Appoint a solicitor before you find a property.

This will avoid delay once you’ve found a property and want to proceed to survey. It also shows the purchaser/estate agent you’re serious about buying.

Find out the history of property you’re interested in

E.G. How long it has been on the market, if any offers have fallen through etc. This’ll highlight any possible problems – for example did the purchaser find a problem at survey stage.

Offers should always be subject to survey.

Make an initial offer of around 10% less than the purchase price and be prepared to go upwards. You may meet somewhere in the middle. However, in a market where demand is high properties usually achieve their asking price and you run the risk of loosing it.

Establish solicitor’s costs up front.

Legal costs can mount up so establish what it could cost best and worst case. That way you can budget.

Kindly visit our following Buyer Guide to know more about buying process in Dubai, UAE.

How To Buy Residential Property in Dubai
How To Buy Commercial Property in Dubai
How To Rent a Property in Dubai
Find Out Freehold Properties in Dubai

Empire Prestige Properties is a leading player in Dubai real Estate. For any property query in Dubai region, kindly visit us on http://www.empirepropertiesdubai.com or feel free to call our executive at +971-4-441-6373. Our experts can guide you and help you make investment of a lifetime. We are a known company based out of Canada and believe eithcal practices.

Why Pursue Property for Investment in Dubai?

There are a number of reasons which we will outline below. Dubai’s population explosion has resulted in large numbers of investors from the world over buying/selling/investing in residential or commercial property in the Dubai, UAE.

With huge numbers of businesses registering in Dubai the need for residential, commercial space has become great. Whether it is houses, offices, restaurants, showrooms, warehouses or any other type of property, with such a high demand for Property Investment in Dubai, it rarely stays on the market for any great length of time.

Tips when looking for an Investment Property

  • Do I Need a Professional Property Manager? What will they do for me?
  • Dubai Investment Law
  • Reasons to invest in Dubai
  • Advantages and disadvantages on investing in Dubai
  • Off-plan properties
  • Advantages of buying off-plan
  • How to profit from real estate
  • Coming projects
  • How much to borrow
  • Dubai investments and speculations
  • Reasons that Dubai property will be higher
  • Dubai and financial sector
  • Typical clients
  • Low price investments

Guide to Buying Property in Dubai

Buying property in Dubai is probably the easiest procedure of anywhere in the world. In May 2002 Dubai’s rulers issued a a new laws according  that foreigners were legally entitled to own freehold property and that buyer of property receive a free resident’s visa.

Most importantly for investors, Dubai simply has no taxes of any kind for both onshore and offshore activities. Dubai is not a ‘tax haven’, but a country with no taxes of any kind, or indeed a tax department.

Contract and Payment

Having chosen your desired property in Dubai you will sign a contract with the developer, which includes the payment terms. Expect to pay a 15% – 20% deposit followed by stage payments related to the build. Even though we uses reputable multi-national developers, we always recommend using a solicitor and we shall supply contact details of a suitable solicitor with knowledge of Dubai property.

The main purchasing fee payable other than the solicitor is a Sales Registration Charge. This is a 1-2% charge of which 1-1.5% is paid by the buyer and 0.5-1% is paid by the seller to the Dubai Lands Department, which registers the movement of real estate exchange.

Continuing Payment

The property developer forms an association of residents. This association comprises the residents of the building and has a president and manager. The association is responsible for day-to-day management of the building including the facilities – swimming pool, health club, Jacuzzi, saunas, tennis courts, landscaped gardens, 24 hours security, etc. The association is non-profit making so payment is at actual. The contract of purchase also details caps on the individual payments to the residents association.

Calculate your Rent or Mortgage by using Rent Calculator and Mortgage Calculator and if you are owner of property and want to calculate your property worth visit: Dubai Property Valuation.

Dubai Property Investment

Buying a Dubai property is arguably one of the most exciting and astute ventures that any prospective buyer can make. Low in value but skyrocketing in terms of appreciation, there has never been a better time to invest in Dubai your hard earned money elsewhere.

Since the turn of the century, Dubai has gone about some of the most radical changes seen in the landscape of a country. Seemingly unrecognizable to what existed a couple of decades ago, the 2nd largest emirate has undergone structural development unseen before now.

Due to the media attention that has accompanied Dubai’s rise to fame, the exceeding amount of growing property has not gone unnoticed by foreign investors. Over a third of its 100,000 population does not heed from the country they now call home, and here’s why. Dubai, although in appearance rich and prosperous, is actually a very poor country with a failing economy. The wealth of the country is distributed among a very select few leaving the rest of inhabitants almost penniless.

This fact should not go lost on anyone shopping for property in Dubai. At no point do you need to have millions when browsing for Dubai real estate. For less than £150,000 you can grab yourself a 2-bedroom seaside apartment. Considering the equivalent sum would just about get you a glorified cardboard box in central London, it may not seem as stupid of an idea.

Whether you looking for property investment in Dubai or you are buying for business or pleasure, the attractive nature of both Dubai’s growing vibrancy and gorgeous climate make this a safe bet in every way. A Mecca for tourists chasing soaring temperatures and sandy beaches, this ever growing country will soon be hitting up tourist boards up and down the country.

You may be asking yourself why this influx of property and buildings work has occurred. Simply, in comparison to the United Kingdom, Dubai is a very straightforward place. Unlike the UK, there are very few listed buildings, world heritage sites or national parks meaning that obtaining permission to build is far easier than here in Britain.
Dubai is rich with areas to invest your money, leading off with the Palm Islands and the World Islands. These, rather predictably are a set of islands in the shape of a palm tree and a collection of sand islands to replicate the continents of the globe. Seeing as the pair of these are still a way from completion, investors would be wise to negotiate land deals as early as possible to eliminate the risk of inflation that is rife in the emirates.

Whether you are looking to find yourself a nice retreat to the sun or a nest egg in these uncertain times, Dubai is the most lucrative option in every department. Growing at a rate of knots unseen in modern history, this is a property paradise for anyone brave enough to take the risk.

Houses and Villas For Sale in Dubai

Esmeralda Village is a largest village in Victory Heights and stretches the entire bottom length of the community.  Its walkways, jogging trails and lush areas that weave through the community providing lots of green belt areas for children to play. There are total 210 villas in this village ranging from 4 Bedroom townhouses and villas to 5 and 6 Bedroom villas.The property is a 5 bedroom plus maids, Type C1 Esmeralda,  European Style Villa,  it has the built up area of 4400 Sq ft.  with the view of the garden. Fully Landscaped.

Property Details:

Number of Bedrooms :  5
Number of Bathrooms :  6
Total Area :  4400 Sq. Ft.

Amenities :
Community Gyms – Community Pool – Community Parks – Community centers – Community retail – Golf Clubhouse – Swimming pools – Outdoor pool – Kids wading pool – Lighted walking trails – Bike trails – Playground – Children day care – Sports academies – Mosques – Schools

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Villas for Rent in Dubai
Villas for Sale in Dubai