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(FAQ)","richText":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":" Sobha Realty","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"heading","version":1,"tag":"h3"},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Wapenfeit: Tweede grootste ontwikkelaar van Dubai","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Sponsor van ARSENAL in de Emiraten","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Wat maakt Sobha Realty uniek in Dubai?","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Sobha is de enige ontwikkelaar in Dubai die standaard 10 jaar garantie biedt op de bouwkwaliteit.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Leveren ze op tijd op?","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Ja, Sobha staat bekend om hun strakke planning en altijd tijdige oplevering, onder leiding van Duits kwaliteitsmanagement.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Bouwen ze alleen woningen?","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Appartementen, en Villa's. Sobha bouwt volledige gemeenschappen, Resorts of Community stijl, met eigen wegen, scholen, groenvoorziening, winkels en zelfs beveiliging – alles in eigen beheer.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Welke Klasse? Premium en Utraluxe. Vaak hoogbouw Degelijke praktische woningen. Geen Bling Bling. Bewust geen studio's. 1-4 slaapkamer appartementen duplex. ","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Wat is de kwaliteit van de bouw?","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Zeer hoogwaardig. Woningen zijn geluidsdicht, praktisch ingedeeld en tot in de puntjes afgewerkt.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Voor wie is Sobha geschikt?","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Voor wie op zoek is naar premium of ultra-luxe vastgoed met comfort, rust en betrouwbaarheid. Ook ideaal voor expats. Laag risico. Niet de goedkoopste in m2. Voordeel van een community is dat vakantie gangers of expats alles kunnen doen. Winkelen, lunchen, dineren, ontspannen, Paddelen, BBQ, theater, internationale scholen, etc. En ze bouwen altijd naast de metrolijn. Vanaf de snelweg vaak een eigen toegang tot de community. Ik heb mij volledig verdiept in het concept en ik vind het geweldig. ","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Expats die willen investeren vinden het concept gaaf omdat het ook de eindgebruiker aanspreekt. In Dubai zijn er twee verschillende huurders. De Expat en de Toerist. ","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"type":"horizontalrule","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"🌊 RAK Properties","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"heading","version":1,"tag":"h3"},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Wat is het voordeel van investeren in Ras Al Khaimah?","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Je hoeft slechts 10% aan te betalen, in plaats van 20% in Dubai. Bovendien betaal je de 4% overdrachtsbelasting pas bij oplevering.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Is RAK Properties betrouwbaar?","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Ja, het is een overheidsontwikkelaar met een uitstekende reputatie op het gebied van kwaliteit en tijdige oplevering.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Welke voorzieningen bieden ze?","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"RAK Properties bouwt complete communities met gratis watertaxi’s, golfkarretjes, luxe voorzieningen en directe toegang tot strand en entertainment.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Wat is het toekomstpotentieel?","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Zeer hoog – topmerken zoals Four Seasons, Armani en Anantara vestigen zich op Mina Al Arab en Al Marjan Island. Dat garandeert groei in waarde.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Rak properties is een status/Prestige investering. Voor de mensen uit Wassenaar en het Gooi. Ze kennen het van Golf toernooien en de grote luxe ketens die er gevestigd zijn. ","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"type":"horizontalrule","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"🎨 Ellington Properties","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"heading","version":1,"tag":"h3"},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Waar staat Ellington om bekend?","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Ellington levert design-gedreven, esthetisch hoogstaande gebouwen met een Europese uitstraling en boutique gevoel.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Wie leidt dit bedrijf?","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Robert Booth, voormalig topman bij Emaar en destijds verantwoordelijk voor onder andere de Burj Khalifa.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Zijn de projecten populair?","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Ja, de vraag is vaak hoger dan het aanbod. Bij nieuwe lanceringen is meestal een Expression of Interest (EOI) vereist.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Voor wie is Ellington ideaal?","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Voor wie houdt van stijlvol, tijdloos vastgoed met topvoorzieningen in centrale locaties zoals Business Bay en JVC.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"type":"horizontalrule","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"🌴 Damac Properties","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"heading","version":1,"tag":"h3"},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Wat is het grootste voordeel van Damac?","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Zij bieden betaalbare luxe townhouses in prachtige resort communities met veel voorzieningen voor gezinnen.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Kan ik hier ook investeren voor verhuur of flippen?","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Absoluut. Damac is zeer geschikt voor flips en vakantieverhuur. Ongeveer 70% van de kopers woont er echter ook zelf – dat zegt veel over de leefkwaliteit.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Zijn er aandachtspunten?","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Let per project goed op de kwaliteit van keuken en badkamer en de exacte opleverdatum. Wij begeleiden je hierbij persoonlijk.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"type":"horizontalrule","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"🏢 Prescott","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"heading","version":1,"tag":"h3"},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Wat voor type projecten bouwt Prescott?","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Boutique-ontwikkelaar met stijlvolle, laag- tot middelhoogbouw (max. 40 verdiepingen), voornamelijk in JVC.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Welke voorzieningen zijn inbegrepen?","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Altijd een gratis parkeerplaats, infinity pool, sauna, co-working, bioscoop, en yogaruimte. Receptie en beveiliging zijn 24/7 aanwezig, en overdag is er een badmeester.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Voor wie is Prescott interessant?","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Voor gezinnen, young professionals en investeerders die betaalbare luxe zoeken met uitstekende voorzieningen, dicht bij Al Maktoum Airport.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":" Veelgestelde Vragen (algemeen)","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"heading","version":1,"tag":"h2"},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Kan ik mijn woning laten inrichten?","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Ja, bij veel ontwikkelaars kun je een volledig meubelpakket aanschaffen. Luxe, kant-en-klaar en veel goedkoper dan in Europa.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Is er hulp bij verhuur mogelijk?","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Ja! Wij bieden via LXRY Holiday Homes een full-service verhuurconcept aan: van check-in tot schoonmaak, inclusief linnengoed en klantcommunicatie.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Hoe werkt financiering?","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Altijd achteraf bij sleuteloverdracht","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Wij begeleiden je stap voor stap bij het regelen van hypotheek of externe financiering, ook als niet-ingezetene. Hoe lager je eigen inleg, hoe hoger het hefboomeffect.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Soms kan de ontwikkelaar je helpen met de financiering. Rak properties bijvoorbeeld is een overheidsinstelling. En het is eenvoudig om aan een financiering te komen als het project eenmaal klaar is. ","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Alle woningen hebben een parkeergarage met parkeerplaats inbegrepen in de koopprijs. ","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Een 24 bemande receptie in al onze projecten. ","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Infinity pool en Sauna standaard in alle projecten.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1}],"direction":"ltr","format":"","indent":0,"type":"root","version":1}},"id":"686d28558eb3bd3a84d6077b"},{"title":"What are the service charges and what do you get in return?","richText":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"What is included in the service charges and what are the costs per month?","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"The service charges cover various services depending on the category of the development. Below is an overview of the three different categories:","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Boutique Development","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":1,"mode":"normal","style":"","text":"Cost","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":": €37.67 per m² per year (14 Dirham per square foot)","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":1,"mode":"normal","style":"","text":"Example","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":": A 40 m² studio costs €1,507 per year, which equals €126 per month.","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":1,"mode":"normal","style":"","text":"Includes","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":": Building insurance, maintenance, security, cleaning, management of common areas, access to all facilities, parking space, 24/7 staffed reception, and a lifeguard at the pool.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":1},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Premium or Ultra Luxury Development","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":1,"mode":"normal","style":"","text":"Cost","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":": €43.06 per m² per year (16 Dirham per square foot)","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":1,"mode":"normal","style":"","text":"Example","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":": An 85 m² apartment costs €3,660 per year, which equals €305 per month.","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":1,"mode":"normal","style":"","text":"Includes","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":": Building insurance, maintenance, security, cleaning, management of common areas, access to all facilities, parking space, 24/7 staffed reception, and a lifeguard at the pool.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":2},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Townhouse","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":1,"mode":"normal","style":"","text":"Cost","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":": €10.31 per m² per year (3.83 Dirham per square foot)","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":1,"mode":"normal","style":"","text":"Example","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":": A 230 m² townhouse with 4 bedrooms and 3 floors costs €2,371.30 per year, which equals €197.60 per month.","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":1,"mode":"normal","style":"","text":"Includes","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":": Maintenance, cleaning, security, management of common areas in the park, and access to all facilities.","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":1,"mode":"normal","style":"","text":"Not included","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":": Building insurance and maintenance of the townhouse, which are at your own expense.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":3}],"direction":"ltr","format":"","indent":0,"type":"list","version":1,"listType":"number","start":1,"tag":"ol"},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"For any further questions, feel free to contact us.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1}],"direction":"ltr","format":"","indent":0,"type":"root","version":1}},"id":"66a5673bb48f45900c3fafa4"},{"title":"What is off-plan property?","richText":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"An off-plan property is an apartment or villa purchased directly from the developer. 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An additional advantage is that you can personally use your studio for ","type":"text","version":1},{"detail":0,"format":1,"mode":"normal","style":"","text":"up to three months per year","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":".","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":2}],"direction":"ltr","format":"","indent":0,"type":"list","version":1,"listType":"bullet","start":1,"tag":"ul"},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"How does renting work in Dubai?","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Renting in Dubai is straightforward and highly efficient. 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Ranking of investors in Dubai","richText":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"How diverse is the population of Dubai?","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Dubai is home to 220 different nationalities, with 80% consisting of hardworking expats.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"From which countries do the majority of real estate investors in Dubai come?","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"The real estate market in Dubai attracts investors from all over the world. 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This signals a shift in the Dutch investment climate, which has always been very lucrative for foreign real estate investors.","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Spain and Portugal were previously considered global markets.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Why are Spain and Portugal now less attractive for non-European investors?","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"It has become more difficult for non-European investors to apply for a Golden Visa in Spain and Portugal. In Portugal, the Golden Visa program has even been suspended. As a result, wealthy Arabs, Brazilians, and Chinese individuals who wanted to retire in Spain or Portugal can no longer settle permanently, and they will no longer invest in real estate in these countries. While this may be good for the local population, it is less attractive for real estate investors as it slows down growth.","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"This has led to a slowdown in the growth of the real estate market in Spain and Portugal, which is now focusing more on European investors rather than a global market.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"What are the opportunities for wealthy investors in Dubai?","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"These developments offer additional opportunities for wealthy global investors looking to settle in Dubai and retirees with a Golden Visa. This new market of retirees increases the demand for housing in Dubai even further.","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"For more information on investment opportunities in Dubai, contact us for an informative consultation.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1}],"direction":"ltr","format":"","indent":0,"type":"root","version":1}},"id":"66a29e1d914b5711113c1315"},{"title":"Is the Dirham pegged to the US Dollar and what does this mean for your real estate investment?","richText":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Yes, the Dirham (AED), the official currency of the United Arab Emirates (UAE), is pegged to the US Dollar (USD). Since 1997, the exchange rate has remained stable and fixed at 1 USD = 3.6725 AED. This peg provides economic stability and predictability for investors and traders doing business in the UAE. The US Dollar remains the global standard.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1}],"direction":"ltr","format":"","indent":0,"type":"root","version":1}},"id":"66a589f455220c5f86f47665"},{"title":"What are the conversion factors from Dirham to € and from square foot to m² ?","richText":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Price lists are provided in Dirhams and Square Feet. Below are the conversion factors:","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Dirham to Euro (AED to EUR)","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":":","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":1},{"children":[{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"The exchange rate between the UAE Dirham (AED) and the Euro (EUR) fluctuates and depends on current market rates. A commonly used approximation is 1 AED ≈ 0.25 EUR. Simply divide by 4.","type":"text","version":1}],"direction":"ltr","format":"","indent":1,"type":"listitem","version":1,"value":1}],"direction":"ltr","format":"","indent":0,"type":"list","version":1,"listType":"bullet","start":1,"tag":"ul"}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":2},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Square Foot to Square Meter (ft² to m²)","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":":","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":2},{"children":[{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"1 square foot (ft²) = 0.092903 square meters (m²).","type":"text","version":1}],"direction":"ltr","format":"","indent":1,"type":"listitem","version":1,"value":1}],"direction":"ltr","format":"","indent":0,"type":"list","version":1,"listType":"bullet","start":1,"tag":"ul"}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":3}],"direction":"ltr","format":"","indent":0,"type":"list","version":1,"listType":"number","start":1,"tag":"ol"}],"direction":"ltr","format":"","indent":0,"type":"root","version":1}},"id":"66a61cf9f35a94f38f8b43da"},{"title":"Do you pay inheritance tax on your wealth in Dubai?","richText":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"In Dubai, the transfer of assets from parents to children is relatively simple and tax-friendly. Here are the key points:","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"No Inheritance Tax","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":": Dubai does not have inheritance tax or wealth tax, meaning that transferring parents and receiving children do not have to pay tax on the value of the transferred assets.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":1},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Legal Procedures","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":": While there is no inheritance tax, legal procedures must still be followed. For real estate, this may mean that the transfer must be officially registered with the Dubai Land Department (DLD). This is often done through a \"gift deed\" or donation agreement.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":2},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Administrative and Registration Costs","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":": While there is no inheritance tax, there may be administrative and registration costs involved in the transfer of property or other assets. These costs are generally low compared to inheritance taxes in other countries.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":3},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Documentation and Registration","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":": It is important to properly document and register the transfer. For real estate, a formal document is usually drafted and submitted to the DLD to complete the transfer of ownership.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":4},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Family Planning","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":": It may be useful to consult a legal advisor to ensure that all documentation and procedures are handled correctly, especially for larger wealth transfers or if there are complex family circumstances.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":5}],"direction":"ltr","format":"","indent":0,"type":"list","version":1,"listType":"number","start":1,"tag":"ol"},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"In summary, wealth transfer from parents to children in Dubai is tax-free, but it is important to follow the proper legal steps and consider any administrative costs involved.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"We can engage a Dutch notary based in Dubai to professionally handle such matters for you.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1}],"direction":"ltr","format":"","indent":0,"type":"root","version":1}},"id":"66aca51251b92866c20451b8"},{"title":"How much does an apartment with a rental yield of €2,000 per month cost in Dubai and in the Netherlands?","richText":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"In Dubai, you can purchase a fully furnished 85 m² apartment in Sports City or Al Furjan for €250,000. This apartment easily generates €2,000 per month in rental income and offers a range of amenities, including a reception, parking garage, swimming pool, and gym. The service charges are €262 per month.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"In the Netherlands, on the other hand, to enter the free market, you would need to buy a property worth over 187 points. Additionally, due to the purchase protection, the property must cost at least €435,000. For comparison, a property at Johannes Camphuijsstraat 3 (The Hague) with 90 m², which also generates €2,000 in rent per month (according to Pararius), is priced at around €435,000. This property is unfurnished, lacks parking, and does not have modern amenities, such as a home smart app. The service charges are €185 per month.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"In summary, in the Netherlands, you would need to invest an additional €185,000 for similar rental income. Taxes are not included in this comparison.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1}],"direction":"ltr","format":"","indent":0,"type":"root","version":1}},"id":"66acabce51b92866c20451b9"},{"title":"What about compliance and screening the source of funds in Dubai?","richText":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"In Dubai, there are strict rules and regulations regarding compliance and reporting the source of funds, especially in real estate transactions. The government has implemented various measures to prevent money laundering and the financing of terrorism, in line with international standards.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Key aspects of compliance and the source of funds in Dubai:","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Anti-Money Laundering (AML) regulations: Real estate transactions in Dubai are subject to strict AML laws. This means that buyers and investors are required to justify the source of their funds. Financial institutions, such as banks and real estate companies, must follow compliance procedures to identify and report suspicious transactions.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Know Your Customer (KYC): KYC procedures are mandatory for real estate transactions. This requires investors and buyers to verify their identity and the source of their wealth. Documents such as bank statements, salary slips, or income declarations may be required.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":2},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Regulatory authorities: Authorities such as the Dubai Land Department (DLD) and the Central Bank of the UAE play a crucial role in enforcing these regulations. They ensure that all transactions comply with legal requirements and that no suspicious activities take place.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":3},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Rigorous checks: Real estate companies and financial institutions in Dubai are required to carry out thorough due diligence on their clients. This includes investigating the client's background and ensuring that the funds used for investments have been legally acquired.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":4}],"direction":"ltr","format":"","indent":0,"type":"list","version":1,"listType":"number","start":1,"tag":"ol"},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Consequences of non-compliance: Failure to comply with AML and KYC regulations can lead to severe consequences, such as asset freezes, heavy fines, and in some cases, criminal prosecution.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Conclusion: Dubai takes compliance and the reporting of the source of funds very seriously. Investors must ensure they are fully transparent about their finances and meet all legal requirements to avoid issues.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1}],"direction":"ltr","format":"","indent":0,"type":"root","version":1}},"id":"66cd085c1eca5f1ef81f4d21"},{"title":"Is Dubai on the Financial Action Task Force list?","richText":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Here is the translation:","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Answer is NO","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Dubai was indeed removed from the Financial Action Task Force (FATF) grey list in 2023, meaning the country has made significant progress in combating money laundering and the financing of terrorism. The removal from this list is an important signal that Dubai has strengthened its regulatory and enforcement mechanisms to meet international standards.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"What does this mean for investors?","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Increased Confidence:","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"The removal of Dubai from the FATF grey list boosts the confidence of international investors. This means that Dubai is now globally recognized as a safer and more transparent place for investment.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":1},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Stricter Regulations Enforced:","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"While Dubai is no longer on the grey list, the country continues to enforce strict anti-money laundering (AML) and Know Your Customer (KYC) regulations. Investors still need to comply with all legal requirements, including proving the source of their funds.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":2},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Improved Reputation:","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"This development enhances Dubai’s reputation as a solid and reliable financial hub, which is beneficial for investors seeking safe and profitable opportunities in the real estate market.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":3},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Access to Broader Markets:","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"With improved compliance standards, Dubai becomes even more attractive to international investors, including institutional investors who had previously been cautious due to concerns about money laundering risks.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":4}],"direction":"ltr","format":"","indent":0,"type":"list","version":1,"listType":"number","start":1,"tag":"ol"},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Conclusion","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"The removal of Dubai from the FATF grey list reflects the emirate’s progress in maintaining international standards. For investors, this means a more favourable climate with strict yet fair regulations, further strengthening trust in the real estate market.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1}],"direction":"ltr","format":"","indent":0,"type":"root","version":1}},"id":"66cd094c1eca5f1ef81f4d22"},{"title":"Is Dubai expensive to live in?","richText":{"root":{"children":[{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"No, absolutely not!","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Dubai is actually known for its affordability compared to Europe. Luxury is synonymous with Dubai, but it is not an expensive city.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Supermarket food is up to 30% cheaper, and everything is fresh, imported from Asia, Africa, and South America.","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Taxis and Uber are up to 50% cheaper. For example, a ride from Palm Jumeirah to Creek Harbour costs 120 Dirhams, which is only €30, even if you're stuck in traffic for an hour and a half. In the Netherlands, the same distance would cost €70, and if you're in traffic, the meter keeps running.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Five-star hotels offer real luxury for more than half the price compared to Europe. Hotels in Creek Harbour, for instance, cost just €70 per day, while in the Netherlands, you'd pay around €300 per day for comparable quality.","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"The quality certainly matches or even exceeds European hotels, as the service in Dubai is typically of a higher standard.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Fuel costs just €0.70 per litre.","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Car rentals are fully insured and more than 50% cheaper than in Europe. A Toyota SUV at Eurocar at Dubai Airport, for example, costs only €350 for 6 days. In Europe, you'd pay at least €1500 for a similar deal.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Car purchase?","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"A beautiful Jetour T2 SUV can be bought in Dubai for €36,000. It's a copy of a Land Rover, which costs €75,000 in Dubai, but it is an excellent and stylish-looking car. You'll see many of these on the roads in Dubai, and it's personally one of my favourite cars.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"For first-time buyers on a budget, you can buy a newly-built studio in Dubai for €180k, fully furnished, with parking and the latest smart home technology. In the Netherlands, a comparable apartment, without furniture or parking, would cost you around €300k.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"For those seeking more space, a 4-bedroom townhouse of 230m² in Dubai Land costs less than €535k, including all resort-style amenities, and permanent residency is allowed.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"For HNWIs (High Net-Worth Individuals) looking to invest in Dubai, the city offers the most luxurious amenities in the world. From €7000 per m², you can live in a super-luxury tower with views of the Palm. By comparison, in cities like London, Tokyo, Moscow, Singapore, or Monaco, you'd pay €20k per m² for similar luxury and location. In Amsterdam, new builds start at €15,000 per m².","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"The price per m² in Dubai is expected to rise significantly, given the enormous potential and ambitious plans the city has until 2050.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Dining out in Dubai","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Dining out in Dubai is like a culinary journey around the world. In this city of contrasts, where futuristic skyscrapers soar and traditional souks retain their charm, you'll find eateries everywhere that will tantalise your senses. What you might not expect is that dining here is surprisingly affordable. Prices are comparable to Europe, but the experience is excitingly different – and the cuisine? It's literally world-class.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Whether you choose a cosy restaurant in a hidden alley in Deira or a trendy food truck in Jumeirah Beach, the passion is everywhere. The chefs come from all over the world: from Thailand and Morocco to Italy and India. Each dish is a tribute to their roots, carefully prepared to impress even the most critical diner. And the people here are certainly critical – they expect perfection, and that's exactly what they get, even in the most budget-friendly eateries.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"That's the magic of dining out in Dubai: even in the simplest restaurants, food is prepared with sincere passion. Each dish is a culinary adventure, whether you're dining in a family restaurant by the Creek or grabbing a quick bite at a local food market. Here, it's not about luxury, but about flavour explosions that transport you to faraway lands.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"The price you pay for this world cuisine? Surprisingly affordable. For the same price as an average dinner in Europe, you can enjoy an unforgettable meal here, where chefs pour their heart into each plate, and you leave with a smile every time. Because in Dubai, it's not just about food – it's an adventure you'll want to experience again and again.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Dubai is often associated with bling, but in reality, you get a lot for very little here.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1}],"direction":"ltr","format":"","indent":0,"type":"root","version":1}},"id":"66f552997b513eac0ec32383"},{"title":"What developments are planned in Dubai over the next few years?","richText":{"root":{"children":[{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Wynn Casino Resort","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"The Wynn Casino, located on Al Marjan Island in Ras Al Khaimah, will be the first casino resort in the UAE and is scheduled to open in 2027. In addition to the casino, the resort will feature luxury hotels, restaurants, and entertainment facilities. This resort is set to become a major tourist attraction for the region.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Al Maktoum International Airport (Dubai World Central)","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"The expansion of Al Maktoum International Airport will make it the largest airport in the world, with a capacity of more than 250 million passengers per year. This project is crucial for Dubai’s growth as a global hub for trade and travel, with the first phase expected to be completed around 2025.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":2},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Dubai South","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Dubai South is one of the key development areas in the UAE. The area is being developed by companies including Emaar, and it is expected to house up to 1 million residents. Dubai South will feature residential communities, commercial and logistics zones, and become an important centre for aviation, transport, and trade. Expo City Dubai is located here, and there are ongoing developments of schools, hospitals, and shopping centres, making it a highly attractive region for expats and investors.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":3},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Dubai Silicon Oasis","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Silicon Oasis is a technology-oriented free zone and integrated city in Dubai, focused on technology companies, startups, and innovation. The area hosts numerous businesses and offers both office spaces and residential accommodations. The focus is on tech developments and R&D in sectors such as AI, IT, and e-commerce. Silicon Oasis offers businesses tax incentives and a strategic location to grow, with continuous development of infrastructure, including educational institutions, shopping malls, and recreational facilities.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":4}],"direction":"ltr","format":"","indent":0,"type":"list","version":1,"listType":"number","start":1,"tag":"ol"},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"With these projects, Dubai is strengthening its position as a global leader in technology, aviation, real estate, and tourism.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1}],"direction":"ltr","format":"","indent":0,"type":"root","version":1}},"id":"66f599db92b5d67630b92058"},{"title":"How can I register for highly sought-after properties in a building? Explanation of EOI (Expression of Interest)","richText":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"How does the process work prior to the launch of a building?","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Before a project is launched, the developer sends a press release to all real estate agents. These agents then inform their clients about the project details. To secure an option on a property, you make a deposit of 40,000 AED as an Expression of Interest (EOI). With an EOI, you indicate in advance your preferences for floor, number of bedrooms, and view. The \"first come, first served\" principle applies here.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"What are some examples of recent projects?","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"A good example is the Porto Del Mar project by Ellington on Al Marjan Island, with 516 units, ranging from studios to 3-bedroom apartments. Prices started from €250,000, with views of the Wynn Casino. This project was fully sold out within 3 days of its launch on October 30, 2024.","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"All of these properties are purchased with the intention of being rented out upon completion.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1}],"direction":"ltr","format":"","indent":0,"type":"root","version":1}},"id":"66fd6b938fc0c9cb3f8a7c14"},{"title":"Can a developer in Dubai or Ras Al Khaimah impose fines on an owner or tenant for violations such as noise disturbances or other community rule breaches","richText":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"A developer in both Dubai and Ras Al Khaimah does not have the mandate to impose fines on owners or occupants of a unit. Sanctions can only be imposed by the competent authorities (such as RERA or the courts) and must follow the legal procedures set out in the real estate legislation of each emirate.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[],"direction":null,"format":"","indent":0,"type":"paragraph","version":1}],"direction":"ltr","format":"","indent":0,"type":"root","version":1}},"id":"689c7bd9065dd031810a2073"}]},"styling":{"background":"bg-white"},"settings":{},"id":"668e7d0997a0f47c5f177188","blockName":"FAQ","blockType":"block-faq"},{"content":{"title":"Contact Us","form":"668d4ce85684c6dc93253459","reference":["668fa368f4bd8c0c5e1e1c90"]},"styling":{"background":"bg-light"},"settings":{},"id":"668e5c9e28151ab1aed3838e","blockName":"Form","blockType":"block-form"}],"meta":{"title":"Frequently Asked Questions for Real Estate Investors in Dubai","description":"Welkom bij de Dubai Desk van LXRY PROPERTIES. 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For short-term rentals, a realistic 30% vacancy rate has been factored in, particularly during the hot summer months. Dubai’s rental market offers significant opportunities, especially when investing in off-plan properties designed with rental income in mind.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Properties in Dubai are delivered fully turnkey, featuring high-end five-star finishes with no compromises on quality. A modern smart home app to control all amenities is standard. Moreover, the more facilities a residential complex offers, the greater the added value – for both tenants and investors alike. ","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[],"direction":null,"format":"","indent":0,"type":"paragraph","version":1}],"direction":"ltr","format":"","indent":0,"type":"root","version":1}},"links":[{"link":{"type":"custom","newTab":true,"reference":{"relationTo":"lxryproperties-pages","value":"668d118bec3073f40a5e2a2a"},"url":"https://pl01.ogonline.nl/lxryproperties-media/lxry-sobha-projects-proposal.pdf","label":"Capital Gains & ROI","appearance":"secondary-outline"},"id":"668d2dcef5f1fc75c6db25ab"}],"images":[]},"styling":{"align":"left","alignImage":"left","background":"bg-white"},"settings":{},"id":"668d2dbbf5f1fc75c6db25aa","blockName":"Excel sheet","blockType":"block-content"},{"content":{"variant":"image","title":"Capital Appreciation","subTitle":"ROI Short/Long stay","richText":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Investment including costs: €400,000","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Payment plan: 80/20","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Project: Sobha Hartland 2, 65m², 1.5 bedroom (maid), Lagoon view","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"ROI Rental contract: 9.7% Net","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Source: Bayut.com","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Estimated value at handover: €605,000 in 2027","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Tax-free profit: €205,000","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Source: Propertyfinder.com","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1}],"direction":"ltr","format":"","indent":0,"type":"root","version":1}},"links":[{"link":{"type":"custom","url":"https://calendar.app.google/dwc3EBykdMWhWwWL7","label":"Schedule a meeting!","appearance":"white-outline"},"id":"6795107178058806f8a5e67b"}],"images":[{"image":"6751e9e204f73e7297b849bb","id":"668d2e4cf5f1fc75c6db25ad"}]},"styling":{"align":"left","alignImage":"left","background":"bg-dark"},"settings":{},"id":"668d2e37f5f1fc75c6db25ac","blockName":"Waarom Dubai","blockType":"block-content"},{"content":{"variant":"image","title":"With Mortgage","subTitle":"Example II","richText":{"root":{"children":[{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Payment Plan: 40/60 - Legado Prescott, 2-Bedroom Apartment (Furnished, 125 m²)","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":1,"mode":"normal","style":"","text":"Purchase Price:","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":" €471,750 → €490,000 including Dubai Land Department fees (DLD)","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"40% during construction:","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":" €188,700","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":1},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"60% upon completion in 2027:","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":" €301,300","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":2}],"direction":"ltr","format":"","indent":0,"type":"list","version":1,"listType":"bullet","start":1,"tag":"ul"},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Estimated Sale Value in 2027 (€6,000 per m²):","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":" €754,800","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Initial Investment (Purchase Price):","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":" €490,000","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":1,"mode":"normal","style":"","text":"Equity (40% self-financed):","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":" €188,700","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Profit upon sale in 2027:","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Sale Value - Purchase Price = €754,800 - €490,000 = ","type":"text","version":1},{"detail":0,"format":1,"mode":"normal","style":"","text":"€264,800","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Return on Investment (ROI):","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"The total profit is calculated relative to the initial investment during the construction phase:","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"

ROI upon sale = 264,800 188,700 × 100% = **140%**

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