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- 1. Marina Lux Real Estate 1 www.marinalux-realestate.com
- 2. Dubai is a vibrant city known for its towering skyscrapers, luxurious living, and innovative architectural marvels. 2 www.marinalux-realestate.com
- 3. Dubai Stable Economy Fantastic Transportation Worldclass Infrastructure Tourism Hub 200 Nationalities live in Dubai Safest City Most people can reach Dubai within 8 hours While 1/3 of the world can reach it in 4 hours VISITERS TREND 2016 2017 2019 2020 2018 2021 2015 2022 2023 14.2M 14.2M 14.9M 15.8M 16.6M 16.73M 5.51M 7.28M 14.36M 4.67M (first quarter of 2023) 3 www.marinalux-realestate.com
- 4. 1ST HIGHEST VISITED CITY IN THE WORLD Dubai Barcelona Amsterdam Rome Madrid 1 2 3 4 5 Top 5 City Destinations Index in the mid half of 2023: Growth Percentage – 18% Total international visitors – 6.02 million 4 www.marinalux-realestate.com
- 5. GROWING POPULATION • •The population of Dubai has crossed 3.6 million in mid half of 2023 – an increase of 1.48% annual growth. • The population is composed of 15% native residents, with the remaining 85% being expatriates. Source: Dubai Media Office - Government Of Dubai | globalmediainsight 5 www.marinalux-realestate.com
- 6. Dubai TAX FREE 100% Tax Free Income SAFEST CITY UAE is the 2nd safest country in the world & while Dubai is 5th safest city globally according to a report by Numbeo 6 www.marinalux-realestate.com
- 7. GLOBAL BUSINESS HUB 62.4% DUBAI 55.3% SHANGHAI 51. 7% LONDON Dubai is home to 62.4% of top 300 global brands of the FORTUNE 500 companies chose Dubai as their regional head quarters 70% 7 www.marinalux-realestate.com
- 8. FUTURE ASPIRATIONS Dubai 2030 2117 2031 2051 UAE to be 50% powered by clean energy and reduce carbon footprint by 70% Dubai to have 25% of transportation be autonomous, and 25% of buildings 3D printed UAE to be 50% powered by clean energy and reduce carbon footprint by 70% UAE to reach #1 spot on Global Food Security Index UAE government services aim to rely 100% on Artificial Intelligence 2050 8 www.marinalux-realestate.com
- 9. Dubai C I T Y O F F U T U R E China to invest $3.4 Bn to build 60mn SqFT operation to host Chinese products for shipping around the world Dubai setting itself up as a Crypto Hub Dubai using digitization and artificial intelligence 9 www.marinalux-realestate.com
- 10. RELATIVE VALUE OF LUXURY •Dubai has emerged as one of the top-5 busiest luxury residential markets globally due to its heightened level of deal activity. •With US$1 million, buyers can secure around 1,130 square feet of prime residential space in Dubai, three times more than in cities like London, New York, or Singapore, driving demand among the world's wealthy. •In 2022, Dubai ranked fourth in terms of luxury market activity, with 219 homes above US$10 million sold for a total of US$3.8 billion, trailing behind London, LA, and New York. •Dubai now holds the fifth position for sales of homes priced above US$25 million worldwide. •The confidence in Dubai's business and economy, along with the diverse buyer base, has fueled demand for luxury homes. •In 2022, the top three buyer nationalities in Dubai were from China, India, and the UK, accounting for approximately two-thirds of sales. Other top nationalities include Iran, Russia, Ukraine, Canada, France, Germany, and Italy. 10 www.marinalux-realestate.com
- 11. DUBAI PRIME LOCATIONS 11 www.marinalux-realestate.com palm jumeirah Dubai Hills Barsha Heights Dubai Marina Jumeirah Village Circle Business Bay Dubai downtown
- 12. DUBAI LAND PrimeLocations AveragePrice(PerSQM) PalmJumeirah $10,653 BarshaHeights $7,995 DubaiDowntown $7,111 DubaiMarina $6,882 BusinessBay $5,608 ArabianRanches $4,054 DAMACHills $3,097 DAMACLagoons $2,472 DAMACHills 2 $1,938 AVERAGE PRICES 12 www.marinalux-realestate.com
- 13. DUBAI LANDS PrimeLocations AveragePrice(PerSQM) EmiratesHills $5,978 Tilal-Al -Ghaf $4,567 ArabianRanches $4,060 JVT $3,113 DAMACHills $3,101 ArabianRanches 2 $2,829 JVC $2,831 DAMACLagoons $2,477 MotorCity $2,193 13 www.marinalux-realestate.com
- 14. REAL ESTATE DEVELOPMENT LAWS www.marinalux-realestate.com 14 22/10/2019Dubai Municipality Resolution No. (85) of 2019 Concerning the Licensing of Decoration Works 04/09/2019- Law No. (6) of 2019 on the Ownership of Common Property in the Emirate of Dubai 04/09/2019- Law No. (4) of 2019 pertaining to the Real Estate Regulatory Authority (RERA) 26/08/2019- Administrative Decision No. (1) of 2019 Regarding Granting some Employees of the Dubai Development Authority the Status of Judicial Seizure 13/01/2019-Administrative Decision No. (10) of 2019 for Adopting Procedures for Changing Engineering Offices and Contracting Companies And the Issuance of Certificates of Completion 01/08/2019-The Explanatory Memorandum of Article No. (11) of Act No. (19) of 2017 Amending Certain Provisions of Act No. (13) of 2008 Concerning the Regulation of the Initial Real Estate Registry in the Emirate of Dubai 18/10/2017- Act No. (19) of 2017 Amending Certain Provisions of Act No. (13) of 2008 Concerning the Regulation of the Initial Real Estate Registry in the Emirate of Dubai 11/07/2017-Decree No. (30) of 2017 regarding the application of planning and construction legislation for the Dubai Authority for Creative Complexes on some lands in the Emirate of Dubai 30/01/2017-Executive Council Decision No. (5) of 2017 Regarding the Recovery of Fees Collected for Exceptions to Planning and Building Limitations in the Emirate of Dubai 01/11/2016-0Decree No. (31) of 2016 on Mortgaging Granted Lands in Dubai source: Dubai Land Department
- 15. NUMBER OF TRANSACTIONS Jan 2023 - 18 July 2023 15 www.marinalux-realestate.com
- 16. DUBAI REAL ESTATE STRUCTURE AND GOVERNANCE Dubai Land Department (DLD) prepares all the necessary legislations required to propel as well as regulate the real estate sector in Dubai. It also organizes and promotes real estate investment and disseminates knowledge. Real Estate Regulatory Agency (Regulatory Arm) Real Estate Investment Management & Promotion Centre (Investment Arm) Dubai Real Estate Institute (Educational Arm) Rental Dispute Centre (Judicial Arm) 16 www.marinalux-realestate.com
- 17. DUBAI REAL ESTATE STRUCTURE AND GOVERNANCE Real Estate Regulatory Agency (Regulatory Arm) •Regulating and licensing real estate activities •Regulating & managing real estate developers trust account •Licensing real estate agents •Registration of rental agreements •Regulating real estate •Exhibitions Dubai Real Estate Institute (Educational Arm) •Offers real estate courses and certifications to professionals •Updates new trends and regulations in the realty sector •Research center - Estimates the future needs of realty sector Rental Dispute Centre (Judicial Arm) •Employs new and flexible methods for dispute resolution •Provides speedy dispute resolution •Facilitates greater accuracy with settlement issues 17 www.marinalux-realestate.com
- 18. INVESTOR PROTECTION Dubai Real Estate 18 www.marinalux-realestate.com
- 19. OFF PLAN Vs READY OFF PLAN Any property which is still under construction and not ready to be occupied. From launch until completion. Advantages: • Lower prices • Capital appreciation • Flipping • Protection through Escrow Law • Tax benefit • Payment plan instalments without interest • 1-year warranty from developer • Best choice of units • 10 years warranty for structural defects from the developer Challenges: • Waiting time until ready • Buying through renderings and reference show units • Readiness of infrastructure depending on location • Mortgage not applicable Returns: • In most cases, assured capital appreciation starting anytime from 1 month of purchase until ready. Up to 50% • Rental returns once ready ranging between 4%-10% READY Any property which is ready and completion certificate from DLD is issued Advantages: • Immediate rental return potential • Ready product • Mortgage applicable • 10 years warranty for structural defects from the developer Challenges: • Matured (higher) prices • Warranty period completed • Older product Returns: • Rental returns ranging between 4%-10% • Capital appreciation over long term 19 www.marinalux-realestate.com
- 20. GOLDEN VISA Benefits of having a Property Investor Visa • Extended Stay outside the UAE: No limit on how long you can be outside the UAE to keep your visa active. With the 10 year investor , you can choose to stay abroad for over six months without the need to be in the country with in 6 months like other visa holders in the UAE. • Sponsor up to 2 maids and 1 drivers • Sponsor your Family for the same period for 10 years • Sponsor your child up to 25 years for boys & girls • Sponsor your parents for a period of 10 years. • Work, study or reside long-term in UAE without • requiring a sponsor 20 www.marinalux-realestate.com
- 21. PROPERTY INVESTER VISA Requirement to apply • You should have a property in the UAE with a minimum value of AED 750,000 • To apply for residency, the property must be ready or at least 50% construction completed. Please Note: If the property is under mortgage then NOC from the bank is required and it must show the total paid amount and remaining amount. 21 www.marinalux-realestate.com