Investments in Dubai distressed properties
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Investment in Real Estate is considered one of the most secure and at the same time profitable kind of investments. Be patient and investigate this opportunity.
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Investments in Dubai distressed properties
- 1. Investing in distressed properties in Dubai. Process, documents sequence and profitability.
- 2. Recent property price slowdown left some owners in difficult position. ● Almost 67% of Dubai property is mortgaged. ● Around 2% of this property owners either paying their mortgages irregular or have their cases in court. ● There is no guarantee that when the court puts seized property on the auction, owners will get at least 60% of the market price. ● So when the time comes owners feel urgent need to secure whatever money for their property.
- 3. Case in point: 2BR apartment in Park Island Blakely,Dubai Marina. Here is ads for similar apartment on 25.12.2014
- 4. With the average price around 3M
- 5. Step one.Blocking property in Dubai Land Department. It’s basically says that we blocked the property to buy this out from the ADCB bank. The price? 2M dirhams.
- 6. Step 2. Paying to the bank.
- 7. Step 3. The bank discharges the mortgage and informs Dubai Land Department.
- 8. And developer ...Finally we’ve got the Title Deed
- 9. Now the deal is getting finished by the standard algorithm: ● No objections letter from the developer (EMAAR). ● Transfer and the new Title Deed.
- 10. We have the constant flow of such deals and need capital. Interested? Call +971554271571