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A Property Investment Guide the Dubai Property Market

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DUBAI REAL ESTATE IN 2020 A Property Investment Guide The Dubai Property Market The Dubai property market has seen its fair share of fluctuations over its brief 20-year history. We have seen many stages, including huge growth periods and some even faster declines. This can make investing seem a daunting proposal – to top it off there are literally 1000s of choices all with glitzy brochures claiming to be best. Rarely has this market sat still however and I strongly believe that Dubai real estate bought with due consideration, sensible loan to value, and with a proper investment strategy can offer fantastic opportunities for both rental income and capital growth – all tax free of course! Simon Baker Managing Director of haus & haus Follow us... /hausandhaus /hausnhaus /company/haus-&-haus /c/hausandhaus-videos 2 What is a Contrarian Investor? Contrarian investing is an investment style As we enter a new decade Dubai real in which investors purposefully go against estate, prices have reached their 2009 prevailing market trends by selling when lows – to find lower, you would have others are buying, and buying when most to travel back in time as much as 15 investors are selling. years to a ‘pre-title deed era’. This has been the result of excess supply (Initially Never has an investment style been better speaking just the sentiment of perceived suited than to this ever evolving and supply) coming into the market as those steadily maturing property market. Over properties complete, and the subsequent the following set of sub-categories our downward pressure on rental rates that in team has broken down step by step what turn – affect sales values. Combine this makes the Dubai market a compelling with recent global social, political and and lucrative investment proposal. Over economic events and we see properties the last 15 years working in this market available in the market at staggeringly on the very front line we have learnt a lot – good value for money – especially when much though our own mistakes. We want compared with any of the other to help you avoid these pitfalls and hope major cities. that these insights can add value to you and your portfolio. So, we’ve established its cheap – but what makes Dubai a sound investment proposal I hear you ask? Please read on… Follow us... /hausandhaus /hausnhaus /company/haus-&-haus /c/hausandhaus-videos 3 What is the hype about Dubai? What makes this city as attractive The other cities that made up the top five to holiday makers as it is to expats, are Doha, Singapore, Osaka and Basel. looking for a home away from home: Dubai has also taken one of the top spots, It is very safe. ranking at number 11. Crime indexes have dropped for both cities in the past year. The UAE was ranked as the safest country Abu Dhabi’s crime index this year is at in the world in 2019 (96.1% of people feel 13.63, an improvement from the score of secure walking out at night). 14.41 last year and Dubai’s is 19.03, an Source: » gulfnews.com improvement from 19.50 last year. Source: » discover-dubai.ae • 1st place Abu Dhabi ranked safest city in the world with the crime index of Ok it’s safe, what does that mean to 11.74 and safety index of 88.26. me as an investor? The UAE region offers a safe environment for its residents • 12th place Dubai with a crime index of both nationals and expats, but also to the 18.20 and safety index 81.80. 12 million plus tourists that visit year on year. As an investor, this should offer you Abu Dhabi has officially been ranked as assurances that Dubai will continue to the safest city in the world. The data was grow its population and tourism, offering gathered by ‘Numbeo’ a crowd-sourced you potential capital growth, strong rental global database of reported consumer yields (especially with holiday rentals prices, perceived crime rates, quality of as tourism gets better each year) and health care and other statistics. stability. Follow us... /hausandhaus /hausnhaus /company/haus-&-haus /c/hausandhaus-videos 4 0% Income Tax 5% VAT One of the key indicators for people Whilst tax was introduced in 2018, it will choosing to emigrate to the UAE over not affect an investor’s rental income. and beyond the sun, sea and sand The VAT is also substantially lower than lifestyle on offer. other major countries across the world. Sweden 25%, Denmark 25%, Italy 22%, Netherlands 21%, UK 20, USA 15%. Follow us... /hausandhaus /hausnhaus /company/haus-&-haus /c/hausandhaus-videos 5 Where East meets West, connecting Europe to Africa & Asia. Businesses operating in between Europe and Africa and Asia could not pick a better global hub than the UAE, being strategically positioned centrally between the continents. DIFC – Top 10 financial centre and the leading financial hub for the Middle East, Africa and South Asia (MEASA). Emirates Airline (voted the worlds best airline) is not only a fantastic company but its hub in Dubai is very much positioned ‘in the middle-of-the-world’ and last year was ranked the 3rd busiest airport in the world with over 85 million people passing through it. Follow us... /hausandhaus /hausnhaus /company/haus-&-haus /c/hausandhaus-videos 6 “We in the UAE have no such word as ‘impossible’ – it does not exist in our lexicon.” HH Sheikh Mohammed Bin Rashid Al Maktoum Embracing modern technology & a forward-thinking mind-set Dubai has under HH Sheikh Mohammed Bin Rashid Al Maktoum’s visionary leadership developed at an extraordinary pace. • There is a real can-do attitude to the city, a feeling that anything is possible. • From being able to deliver fuel and fill your car from an application on your smart phone to sending astronauts into space, the UAE is always thinking of new ways to enhance its resident’s lifestyles and break new ground in evolving technology. Follow us... /hausandhaus /hausnhaus /company/haus-&-haus /c/hausandhaus-videos 7 Burj Khalifa Dubai Mall Dubai Fountain Dubai Marina MOE Tallest building Largest shopping Largest dancing Largest man-made Largest indoor ski in the world mall in the world fountain display marina in the world slope in the world in the world And when they are tired of breaking records from other countries, they break their own – here is what is coming next: Meydan Mall Dubai Creek Tower Largest indoor ski slope in the world, largest Tallest observation tower in the world dancing fountain display in the world Follow us... /hausandhaus /hausnhaus /company/haus-&-haus /c/hausandhaus-videos 8 Sun, sea & sand almost guaranteed 12 months of the year... Picture: New Development by Emaar Seashore at Mina Rashid VIEW PROJECT Follow us... /hausandhaus /hausnhaus /company/haus-&-haus /c/hausandhaus-videos 9 Real Estate contributes to 23% of Dubai’s economy Due to its demographic Dubai aims to be service orientated businesses attracted the business hub of Western Asia, as well expats to the region with the promise as one of the world’s largest transport of tax free salaries, all year summer hubs for passengers and cargo. The city’s climate, low crime rate, high paid jobs, rapid growth had been boosted by oil luxury lifestyle and opportunities, factors revenue, but today less than 5% of the which led to huge property appreciation Emirates revenue comes from the black between 2005 and 2007, but then who stuff, with the Dubai economy now relying could of predicted 2008, the global crash! on revenue from trade, tourism, aviation, financial services and of course real Before we get onto that, let’s go back estate development, the latter making up to the period in the market that begun a 23% contribution. when ‘foreigners’ were first allowed to buy properties in Dubai, May 2002... The Dubai leaders’ decision and ultimate vision to expand the Emirates previously oil reliant economy to one of tourism and Follow us... /hausandhaus /hausnhaus /company/haus-&-haus /c/hausandhaus-videos 10 I’ve got clients that now still tell me of the crazy days and the frenzy of buying back then, Emirates Living by Emaar properties being one of the first off plan communities. Buyers standing in queues to purchase a house, which at the time was nothing but a drawing and a big patch of sand. When the doors opened to the developer’s office (a tent in the desert!) stories of people jumping the queue, fights breaking out, police ABOUT EMIRATES LIVING being called to the scene, all the prime properties going within minutes and for those that were late to the party, having to make do with what was left. One client of mine, a very successful Indian businessman, loves to tell me how all his friends thought he was mad buying in Emirates Living, no infrastructure in place, a relatively unknown developer, an unknown market and at the opposite end of ‘Dubai’ and the airport… at the MEADOWS VILLAS FOR SALE time he purchased a 5 bedroom villa in the meadows for AED 1.47m, it would of peaked to around AED 7m+ in 2008... In the second peak in 2014 would of sold for circa 5.5m. Today market rate for the same villa is circa 3.5m, much less than the peaks but also significantly higher than 2002! I’m sure we will never see 2002 prices again but I’m also sure no one will ever buy with such a huge level of uncertainty SPRINGS VILLAS FOR SALE as in those times. Follow us... /hausandhaus /hausnhaus /company/haus-&-haus /c/hausandhaus-videos 11 The market between 2002 and 2003 was These were days where all the main fairly steady as this new born ‘freehold developments were conceived by the market’ was just emerging.
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