Dubai Marina
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Dubai Large 1 Bed Marina Area Apartments Apartments £147K Ready ow Dubai Marina – Jum eirah Beach Residences, Jumeirah Lake s Towe rs Dubai Marina Region <Contents Key Marina Areas ................................19 Contents Ready Apartments................................19 Contents......................................................... 2 Under Construction Apartments ..........19 Openshore...................................................... 3 Pricing ..................................................19 Dubai Property Specialists .................... 3 Pricing Trend........................................19 Satisfaction Guaranteed......................... 3 Popular Sizes........................................19 Buy Direct From Developer - Worldwide Average Studio Apartment...........................20 ............................................................... 3 Average 1 Bed Apartment............................22 Property Re-Sale & Rental .................... 3 Average 2 Bed Apartment............................24 International Offices in the UK ............. 3 Average 3 Bed Apartment............................26 Offices in Dubai .................................... 4 Why Use Openshore ....................................28 RERA Registered .................................. 4 1. We Are Dubai/ UAE Experts...........28 Dubai Property Buyers Guide ............... 4 2. Our Services Are Tailored To You CREDIT CRUNCH- 4 Reasons Why Needs....................................................28 UAE Is Still A Great Investment? ......... 5 3. We Offer Good Advice ....................28 Credit Crunch Effects ............................ 5 4. Monthly “Best Buy” Updates ..........28 Key Risk Factors ................................... 6 5. Property Re-Sale & Rental...............28 General Advice After Credit Crunch..... 6 6. RERA Registered .............................28 Is Now a Good Time to Buy - Yes ........ 7 7. Excellent After Sales Service...........28 The Emirates.................................................. 8 Frequently Asked Questions ........................29 Location in Dubai .......................................... 9 Standard Disclaimer .............................31 Dubai Marina Region .......................... 10 Dubai Marina........................................... 11 Jumeirah Beach Residence ...................... 12 Jumeirah Lake Towers ............................ 14 Other Areas Near Marina ........................ 15 Dubai TECOM Zone ........................... 15 Internet City......................................... 15 Media City & Knowledge Village....... 15 Media City (TECOM) Extension ........ 16 Dubai Pearl .......................................... 16 Dubai Promenade ................................ 17 The Buying Process..................................... 18 A. Reservation of Apartment............... 18 B. Agreement to Purchase ................... 18 C. Property Transfer ............................ 18 D. Post Transfer................................... 18 Apartment Types ......................................... 19 Email: [email protected] Call: 01282 68 44 11 Page 2 Dubai Marina Region Openshore Buy Direct From Developer - Openshore Worldwide Dubai Property Specialists When you buy property with our help, you are buying direct from the developer or seller and Openshore specialise only in Dubai and UAE all your payments are made to the property properties and are able to provide expert developer or their representatives in Dubai advice to customer in the UK and other and the UAE. Openshore work with a range countries Worldwide. Our customers have of developers and will recommend the most benefitted from excellent capital growth via suitable property for your needs. We have our proJects and will continue to benefit in the customers in many countries such as USA, future. Canada, Germany, France, Australia, India, Pakistan, etherlands, South Africa, Algeria, Tanzania , and many other countries from Europe, Africa and Asia Property Re-Sale & Rental Our Property Re-sale & Rental division offers services when your property is nearing completion. This can be done without leaving the UK. We will contact you 4 to 6 months The company listens to your requirements and prior to completion to discuss your options. then gives you expert advice on the best property to purchase for your needs. International Offices in the UK Openshore consultants help you select the one We have main offices both in the UK and that will deliver the best returns whilst Dubai. Our property consultants in the UK providing complete security. Unlike other have many years of experience of the Dubai property consultants that have to Juggle property market and directly liaise with you information from a range of countries, with all aspects of the purchase process. The Openshore’s focus is 100% Dubai and UAE, UK sales office is based Just off the M65 in and hence we can provide more up to date Lancashire and handles all customer pre and information to help you make a better post purchase decision. We are not tied to Just one developer relationships. but work with all the maJor developers, enabling us to recommend the best purchases in Dubai and the UAE. Satisfaction Guaranteed Openshore’s aim is to keep our customers completely satisfied with their purchase and their return on investment, and many of our customers are now multiple investors with several properties in Dubai and the UAE. We are proud of our level of service and the fact that most of our business now comes from recommendation and repeat purchases. Openshore UK Offices in Lancashir e. Email: [email protected] Call: 01282 68 44 11 Page 3 Dubai Marina Region Openshore Offices in Dubai The Dubai office in the UAE provides monitoring of all proJects and is based at Emaar Business Park on Sheik Zayed Road. We have close relationships with all the maJor property developers, many of whom are UAE Government owned. Our sister company in Dubai – The Property Company – TPC Real Estate, also helps customers purchase ready properties from private resellers and those properties requiring transfers in the UAE. Our Dubai staff constantly evaluate the property and developments that come onto the market Dubai Offices on Sheik and also issue a monthly report with the best Zayed Road recommendations. RERA Registered Our Group is RERA registered in Dubai as follows:- The Property Company (TPC) T P C Real Estate Brokers (L.L.C) RERA ORN: 2026 Dubai Property Buyers Guide Every quarter Openshore publish an updated version of the Dubai & UAE Property Buyers Guide. This is a 100 page document that covers all the aspects of buying property in Dubai/UAE and also provides information on the key developments. Email: [email protected] Call: 01282 68 44 11 Page 4 Dubai Marina Region Openshore CREDIT CRUNCH- 4 Reasons Why UAE Is Still A Great Investment? The recent world-wide financial crisis has resulted in most people becoming afraid of ANY form of investment. The question arises what is the best form of investment in these times? Shares are unpredictable; property in the West is at best static or on a medium to long term decline; and even keeping cash in the bank is not 100% safe. No matter what happens in the short term, for Credit Crunch Effects medium to long-term investment property in the UAE remains an excellent investment for the following reasons:- What were the effects of the Credit Crunch in Q4 2008? 1. Very rich country with massive reserves Theoretically the credit-crunch should not surplus in Trillions of dollars (most western have affected Dubai but it did do. Mortgages countries have deficits) stopped in October 2008 due to the 2.Massive immigration is continuing into worldwide banking crisis, resulting in a fall in UAE from East & West creating REAL prime property prices (rapid fall -unlike the DEMAND from real people, despite lots of slow drop in the West). Speculators and short- construction. term buyers were forced out of the market by 3. The property market in Dubai & UAE is December 2008. NOT mainly funded by Credit or Mortgages – so it is less affected by the banking crisis. Its Buyers & investors remain hesitant but are people’s own money – not mortgages. now returning although sales remain at lower 4. Tax Free. No income Tax, No Capital levels. However, main effect of the credit Gains Tax. crunch is that NEW property launches have 5. Medium to Long-Term “Property been cancelled or postponed (as developers Shortage” Risk: The Credit Crunch will are more cautious). The general view is that mean that many proJects that were to be this will result in property shortages in the announced between now and next 12 months next few years. Dubai remains desirable for are likely to be cancelled, resulting in a severe both Eastern and Western buyers as it is still shortage in 3 to 4 years time (It normally likely to be the World’s No. 1 City in 15 takes about 3 years for a property to be years time. ready). Thus customers purchasing now will do well ( providing they have enough funds to see their property through to completion and are not relying on getting a mortgage ). People remain nervous about shares and keeping money in banks. If they have money, they want to buy something tangible in a country which is growing. UAE is the least risk option. Email: [email protected] Call: 01282 68 44 11 Page 5 Dubai Marina Region Openshore Current buyers are those needing property for by using ‘Client/Trust Account’ facilities their own use or are