1 Better Mortgages
Better Mortgages Your update on the mortgage market and the best buys right now Issue 3
Contents 04. The Mortgage Market Now
14. Why We Bought
Independent Finance’s General Manager Sam Wani provides the inside track on the current status of the UAE’s home finance market
Alex and Laura Marr invite us into their Springs villa to tell us why they decided to buy rather than rent their home in Dubai
06. Buying Time?
18. 50 Great Deals
For the latest on what’s happening to the UAE’s property market, we speak to two Better Homes experts: Nick Nuziale from Dubai and Abu Dhabi’s Loshini Lawrence
From a beautiful 4-bedrooom villa in Motor City, to a fabulous 2-bedroom apartment for under AED1 million on Reem Island, Abu Dhabi, we have the hottest deals
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Better Mortgages is a sub-product of Better Homes magazine. Reproduction in whole or in part without written permission from HOT Media Publishing is strictly prohibited. HOT Media Publishing does not accept liability for omissions or errors in Better Mortgages.
Issue 3
4 Better Mortgages
The Mortgage Market Now
Sam Wani, General Manager, Independent Finance, on the current status of the home loan market The UAE economy is expected to show growth of 4% for the year 2012. Such growth resulted in more money being circulated, and therefore higher levels of liquidity among the banks, and this has contributed to the fall in interest rates. The mortgage industry is also benefiting from the large number of lenders entering the market, and this greater competition between lenders has also contributed to the reduction in interest rates. There are now 27 mortgage lenders in the market. This number is set to touch 30 in 2013. And as Issue 3
‘Most new mortgage products have very attractive rates averaging 4.5%. If you look back to before 2011, rates then were around 7%, so there has been a significant drop’
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the market grows, so to do lending targets, hence, the competition is intense. Some of the banks have started targeting specific market segments. For example, some lenders are focusing on interest-only mortgages, we (Independent Finance) have products specifically designed for non-resident customers, and others are targeting commercial properties. In addition, other niches being targeted are buy-tolet, DIFC properties, 30-year-term mortgages and shell-and-core properties. Most new mortgage products have very attractive rates averaging 4.5%. If you look back to before 2011, rates then were around 7%, so there has been a significant drop. This has prompted homeowners with older mortgages to move their
loans. The challenge for anyone considering this, though, is that most older mortgages have very high penalties for switching lenders. These penalties vary between 3-5%. Yet despite this barrier it makes sense to move your mortgage from a 7%+ interest rate to a 5%+ rate as the longterm savings could be substantial. Some of the new mortgages have no or negligible penalties (between 0-1%) for re-mortgaging. From 2002-2008, UAE freehold property was in the early stages of its lifecycle. Most of the buyers at that stage were investors buying in cash. But the majority of the property buyers now are endusers looking to buy property to live in. And a substantial majority of these would need a mortgage to buy property. This has prompted the Dubai Land Department,
as well as the Central Bank, to focus on customer security. Dubai Land Department has initiated many measures including greater scrutiny of brokers, while the Central Bank has restricted lenders from unscrupulous lending practices by reducing debtburden ratios and loan-to-value ratios. Lenders are also restricted from soliciting business by cold calling customers. Now that the property market is heating up, new property launches are in vogue again. The recent launches by Emaar are a testament to this fact. None of the banks are ready to offer mortgages on off-plan properties yet. However, lenders are working on offering mortgages on partially or near-complete projects. Of these, Jumierah Park is the proving the most popular. Terms and Conditions apply to all rates
Finance
*Rates are correct at time of press but subject to change. For further information on the best deals call Better Homes on +971 4 407 4600
Loan Ranger Bank
Found your dream property and need to sort out a mortgage? Look no further... interest Rate
Min Deposit
Max Loan Term
Processing Fees
early Repayment
contact
20 Years
0.5%
1% on settling or switching lender
04-3819314
25 Years
0%
0% Own funds 3% buy out
04-3819314
20%
20 Years
1%
1% Own funds 1% buy out
04-3819314
3.99% 2-Year fixed
20%
25 Years
1%
0% Own funds 3% buy out
800474
abu dhabi finance
From 5.75-8.5%
15% - 25%
30 Years
1% if paid upfront, 1.25% if not
2% Own funds 4% buy out
800 ADF(233)
aDcB
From 4.99% 2 year fixed
15%
25 Years
1% (No cap)
2-5%
800 2030
aDiB
5.75% 5 Year fixed
15% - 20%
25 Years
1% of Loan Value
0% Own funds 3% buy out
8002288
Aafaq – Islamic finances
Profit not Interest rate (Sharia’a) 5.99% reducing for Profit plus Capital and 5.99% fixed for Profit Only
40% - Emaratis 50% - Expats
4 years plus extension of 4 years
1% of FTV (same as LTV but we don’t use the word Loan)
Applicable
04-3306444
commercial Bank of Dubai
From 4.49% p.a.
15%
25 Years
0.25% Special offer valid till 28th Feb 2013
Permitted
04-2112868
HSBc
3.99% 1 year fixed
40%
25 Years
1% of Loan Value
0% Own funds 3% buy out
800House
Mashreq
From 4.99%
20% - 30%
25 Years
0% Limited Offer
1% Before 2 years 3% buy out
04-4244444
nBaD
From 4.99 % Per annum
20%
30 Years
0% Limited Offer
3% Max
8002211
independent Finance
4.49% 2-year Fixed
12%
independent Finance
4.49%, Eibor Linked
15%
nBD
4.99%, 2-year Fixed
United arab Bank
noor islamic Bank
From 4.99%
20%
25 Years
“1%, Capped at AED 30,000”
“2% Own funds, 3% buy out ”
800 6667
Rak Bank
5.50%
25%
25 Years
1%
1% Own funds 5% buy out
04-3120000
Standard chartered
4.49% 1 year fixed
25%
25 Years
1% of L/A
0% Own funds 5% buy out
02-6165605
Tamweel
5.25%
20%
25 Years
1%
0% Own funds 5% buy out
800 Tamweel
Issue 3
6 Better Mortgages
Buying Time?
Nick Nuziale, Senior Residential Consultant, Better Homes Dubai Marina Office, offers his thoughts on Dubai’s property market, whilst Loshini Lawrence, Operations Manager, Better Homes Abu Dhabi Office, predicts continued growth in the capital 2012 saw a big rise in prices throughout the more popular areas of Dubai, with the likes of Dubai Marina, Emirates Living and Downtown Burj Khalifa showing increases of 15-20%, but other areas have also shown price increases, albeit at smaller levels. Several factors have contributed to this price rise: instability in other areas of the Middle East, with people from these countries bringing their money to the UAE which they see as something of a safe
haven; the changing of residency visa rules (now giving 2 years residency visa subject to approval by immigration; the tax-free environment for companies; and good ROI compared to other countries around the world. Areas such as Emirates Living, Dubai Marina and Downtown Burj Dubai showed the most growth because these areas are where foreigners and families prefer to be. Of the new laws put in place by RERA, the escrow law has had the most effect on the property market. With escrow, an investor places funding with a third-party, which is not released until an agreed construction milestone has been met by the developer. The escrow law also ensures that Issue 3
all developers must be registered with the Dubai Land Department and must use the operating bank account solely for the particular development which a client is investing in. This is very important for both end users and investors as it builds confidence and provides peace of mind. Investors are returning to the market seeking returns of between 6-8% on rental properties. Some investors are buying off-plan properties with good payment plans with the intention to flip it before it’s built, or to hold onto til completion for a good ROI, believing that the market will grow stronger still. In the past few months I’ve sold property to a mixed bag of nationalities – Saudis, Egyptians, Indians, Kuwaitis and more besides. Do I see Dubai’s property prices continuing to grow? Yes, but I think it will calm down a bit. There has been much more demand than supply over the last few months, but it seems to be softening slightly. However, this view is dependent on whether any laws are changed or added which would spark a shift. Abu Dhabi’s property market has taken a paradigm shift in 2012, in terms of residential property. With properties being handed over in sought-after locations, we have seen an increase in demand by end-users who are willing to wait for the property of their choice. We have buyer lists that consist of potential buyers with very specific requirements in terms of what they want. Buyers are also now very aware of extra costs such as service fees, cooler charges, extra maintenance costs and other general expenses associated with property ownership. Investors, on the other hand, are still interested in key locations where prices have stabilised and certain unit types are in high demand. Abu Dhabi has experienced an upswing this year and this is expected to continue apace in 2013.
8 Better Mortgages
Choose AAfAq for IslAmIC fInAnCe Islamic (Sharia) finance is based on the concepts and practices first developed centuries ago in the Islamic world. Aafaq – Islamic Finance Company – one of the pioneers in Islamic Financing, has risen to help you realise your dream of securing your life-long property with a variety of home financing options. Here, their expert team outlines the benefits associated with Islamic Financing and their property finance products
What are the benefits of Islamic finance? It is Sharia compliant and more beneficial to applicants due to its Islamic norms that protect customers’ rights much better than in conventional lending. Rentals and repayments are pre-agreed and revised periodically. How does Islamic property finance differ from traditional forms of home finance? The core principal is that it is riba free (interest on interest), has easy to understand product features and its offerings are transparent – there are no hidden charges. Do the lending rates fluctuate? The rates are revised subject to agreed terms and conditions. Our current profit rate starts from 5.99%. The fluctuation depends solely on the geographical area you choose for your property. Generally, periodical revision will occur in consensus with both parties. Can non-Muslims take out an Islamic mortgage? Yes, while complying with Sharia norms and lending guidelines. Issue 3
How can I be sure a mortgage is 100% Sharia compliant? We are governed by a reputed Sharia board and audited by them frequently on our operations and product offering. What happens to the finance facility if I/we decide to sell my/our property at a later date? You would need to make an official request to us, and while doing so would also need to make arrangements to settle early either by property sale proceeds or depositing cash in advance for the liability outstanding. Is it possible to pay off the finance in full before the term has expired? If so, is there a financial penalty? Based on our Ijara offering, the customer can pay in advance and no penalty or hidden charges will be imposed. That month’s profit accruals, plus the outstanding principal amount, will need to be paid in full. What are the basic requirements an applicant must satisfy to be eligible for Islamic mortgage? They must be between 21 and 65 years of age, salaried for a minimum
of one year, and draw a salary of AED15k per month if a single applicant, or a combined salary of AED18k per month if joint applicants (with one applicant having a minimum monthly salary of AED10k). Self-employed applicants must provide company bank statements and at least three years of audited financials. The processing fee is 1% (minimum AED5k) on the financed portion of the property, and 50-60% of the property value financing is available, to a minimum amount of AED250k and a maximum amount of AED10 million. For further information visit www.aafaq.ae
10 Better Mortgages
CBD Mortgage Loans Commercial Bank of Dubai demystifies the mortgage experience for customers
CBD ensures that the borrower is taken through a process of complete transparency, with every detail of the CBD Mortgage Loan explained in a ‘crystal clear’ manner. It is a comprehensive and convenient home loan solution brought to you by a bank that offers you services the way you deserve it. Frans Jan Burkens, Head of Consumer Banking at CBD, details the benefits…
CBD Mortgages have been carefully designed to address our customers’ home loan needs. Our mortgage products offer a comprehensive range of features & benefits coupled with superior service by trained mortgage advisors. Amongst other benefits, our customers have a wide choice of floating & fixed rate options to choose from – our interest rates start from as low as 4.49% p.a. and customers have the option Issue 3
to fix their interest rates for up to 5 years before moving to a floating rate. We also offer Islamic Ijarah Finance for customers desiring a Shariah compliant product. High loan amounts of up to AED 15 million are another great benefit, and we also finance up to 85% of a property’s value, while repayment periods can be as long as 25 years. Though if a customer would like to settle their loan early, they can take advantage of our flexible early repayment options which allows them to pay in part or full. The process of getting home loan approval through CBD is an easy one to follow. No salary transfer to CBD is required, we offer mortgage loans to UAE nationals and expatriates residing in UAE (they may either be salaried or business professionals
running their own firms), and we accept requests from eligible customers who wish to move their mortgage from other banks to CBD. By doing so the customer can avail of our free pre-approval facility, while for a limited time only we also have a special launch offer that has a loanprocessing fee of only 0.25%. All-in-all, the most important aspect of any mortgage is that clients fully understand and appreciate all elements of the product. CBD is committed to guide its clients through this process. For further information, please visit www.cbd.ae
12 Better Mortgages
“Death and taxes”
The advantage of a trust owning your property
Most people prefer not to think about what will happen to their property on death. However, failure to make proper plans can create real problems and cause great expense (including tax liabilities) for next of kin, problems that they will be forced to sort out at a time when they are emotionally upset and most vulnerable Making a will is a sensible way for an individual to put his or her affairs in order. However, the administration of a deceased’s estate can be costly (often around 4% of the total value of the estate), result in long delays (normally at least one year, even for a simple estate) and very often involve a large tax bill (inheritance tax or estate duty rates are often extremely onerous). One alternative to making a will is to set up a trust during one’s lifetime. With careful planning this can eradicate delays, costs and taxes and provide other benefits such as protecting assets from future creditors or providing anonymity. For many reasons the use of trusts as a means of holding and passing on family wealth, even for modest estates, has increased dramatically in recent years. So what iS a tRUSt? the concept: Unlike a company, a trust is not a legal entity. It is best described as a relationship; an arrangement whereby property is transferred from one person (the settlor) to another person (the trustee) who holds the property for the benefit of specified people or objects (the beneficiaries). A trust deed sets out the terms and conditions upon which the trustees must hold and administer the trust assets. The trust deed also sets out the rights and interests of the beneficiaries. Issue 3
A trust can also be created by a will but if assets are “transferred” to trustees during lifetime they should be unaffected by the subsequent death of the settlor. Another word for “transfer” is “settle”; hence the transferor of the assets is called the settlor and the trust is often referred to as a “settlement”. Those unfamiliar with the trust concept may be concerned about transferring ownership of their property to a trustee. However, the duties of trustees have been developed over centuries through English equity and common law and are now in many cases codified in statute law. This law distinguishes between legal ownership (trust assets are held in the name of trustees) and beneficial ownership (only the beneficiaries may benefit from the assets). Further, even greater duties are imposed on professional trustees who, in reputable and well-regulated jurisdictions such as Gibraltar, for example, are required to be licensed. wheRe can i Set Up a tRUSt? Virtually all low tax or zero tax common law jurisdictions have some form of trust law. Gibraltar is at the forefront of best practice development in the area of trusts and was one of the first jurisdictions to introduce the regulation and supervision of trust companies. Professional trustees must be licensed under the Financial Services Ordinance 1989 and are regulated by the Financial Services Commission (FSC). Gibraltar trust law is derived from English common law and the rules of equity, supplemented by certain legislation. Gibraltar’s Trustee Ordinance is based on the Trustee Act 1893. “Asset protection trusts” are also permitted although all trusts provide some element of asset protection. confidentiality Regulations require trustees to know the identity of the settlor and ultimate beneficiaries of a trust. This information is kept completely confidential. Disclosure to third parties is only required in very particular circumstances and must be accompanied by a court order. In the case of asset protection trusts, the register maintained by the Registrar of Dispositions to record the transfer of assets to asset protection trusts is closed and its contents privileged. taxes The vast majority of Gibraltar trusts are set up as discretionary trusts so that beneficiaries only have a contingent interest. The beneficiaries can therefore avoid any tax liability until assets are distributed to them. Trust income is exempt from tax in Gibraltar if the trust is established by a non-resident, has no Gibraltar beneficiaries and derives no income locally (other than bank interest).
Better Mortgages 13 The terms of the trust must expressly exclude Gibraltar residents from being beneficiaries. asset protection trusts Asset protection trusts (APTs) are permitted in Gibraltar. These must be registered with the Register of Dispositions and require that: • • • •
the settlor is an individual the settlor is not insolvent at the time of the disposition the settlor does not become insolvent in consequence thereof the disposition is registered.
If these requirements are satisfied the disposition will not be voidable by any creditor of the settlor and the application of the Fraudulent Conveyances Act and the Bankruptcy Ordinance are excluded. Only professional trustees licensed by the FSC can act as trustees of APTs and an application fee of £300 is payable upon registering the trust and £100 is payable annually to maintain the registration. So what aRe the main aDvantageS of a tRUSt? Trusts can be very useful means of tax planning. They can be very flexible, even the settlor can continue to benefit from the trust assets, and have many other advantages including: asset protection All trusts provide some element of asset protection but specifically see APTs above. tax planning A properly established trust may produce substantial savings in income tax, capital gains tax and inheritance tax/estate duty. avoiding the expense and delays of probate In common law jurisdictions the need to obtain a grant of representation (probate or letters of administration) before a deceased’s estate can be wound up and distributed can cause delay, expense, unwanted publicity and upheaval. confidentiality There is no public register of trusts or trustees. The ownership of trust assets can remain entirely confidential in most circumstances. avoiding forced heirship Forced heirship is a particular problem in continental Europe and other civil law jurisdictions, as well as in countries of Islamic tradition. A trust can be used to overcome forced heirship claims. estate planning Many settlors prefer to make complex arrangements for the distribution of their assets. They may wish to provide a source of income for a spouse or make provision for the education of children. A trust is a very convenient and flexible method of making such arrangements.
protecting the weak A trust allows a person to provide for those who may be unable to manage their own affairs such as infant children, the aged or persons suffering from certain illnesses. preserving family assets Preserving family assets against mismanagement or spendthrifts is a common motivation for establishing a trust. An individual may wish to ensure that wealth accumulated over a lifetime is not dissipated or divided up but is preserved as one fund. The fund can then accumulate further with provision for payments to members of the family as necessary, preserving some assets for later generations. continuing a family business A settlor may want to ensure that the business he has built up will continue after his death. If the company shares are transferred into a trust prior to death the unnecessary liquidation of the family business can be prevented. If family members have little business experience, the trustees could be instructed to retain the shares, keep the company running and provide payment to the family from dividend income. flexibility A discretionary trust can provide a structure that is capable of rapid change as circumstances demand. property holding A portfolio of international property can all be held under one single Trust. In some circumstances, depending on local laws, a “local company” may be required to sit under the trust (i.e. it’s common for a Jebel Ali Offshore company to hold Dubai property, and have a Trust acting as a shareholder of the company). For further details of the benefits of holding real estate through a trust and offshore company structure please ask for Sovereign’s property holding information sheet. Trust services are principally provided by Sovereign Trust International Limited which is licensed as a professional trustee by the Financial Services Commission of Gibraltar – licence number FSC00143B, and Sovereign Trust (TCI) Limited which is licensed as a professional trustee by the Financial Services Commission of the Turks & Caicos Islands – licence number 029. Both companies are regulated and are covered by our professional indemnity insurance. Fees for establishing a suitably drafted trust and for the provision of trustee services will be quoted on a case-by-case basis. Please contact your nearest Sovereign office for a copy of our trust brochure and/or an exploratory discussion.
Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal or other professional advice. We do not accept any responsibility, legal or otherwise, for any error or omission. Issue 3
14 Better Mortgages
The home-makers For Alex and Laura Marr, buying a property allowed them to finally put down roots in the UAE
Issue 3
Better Mortgages 15
Why did you decide to buy? Alex: We realised that we wanted to stay in Dubai for quite a while, and it was back in 2008 when rent prices were going sky-high. It made more sense to pay into a mortgage, rather than pay out lots of money on rent. We’d been renting for four years, and it felt like a good time to make the shift. Plus, we wanted to put our mark on a property, to make it home. You just can’t do that with a rented house. We were drawn to The Springs because we wanted to get away from the construction sites – and this property was perfect because of the size and location. How did you find the mortgage application process? It wasn’t difficult – we already had a relationship with HSBC, so we decided to go to them directly. They were very helpful, and although the process felt quite complicated at times, we were fine. We had a good relationship with the bank – we had an advisor, so there was one point of contact. Did you have to put down a large deposit? Back in 2008, you hardly had to put anything down, but we paid 20 per cent. How did you fare through the financial crisis? We bought before it hit, so when everybody started tightening their belts and banks stopped lending, there were a lot of people defaulting. But we carried on making regular payments. When the bank got confidence, we were able to negotiate the rates. So now, we’re in quite a fortunate Issue 3
16 Better Mortgages
‘We wanted to put our mark on a property, to make it home. You just can’t do that with a rented house’ position. The bank was very good with that – all it took was one visit and one email to negotiate, and we learned how easy it is to approach the bank rather than defaulting. How do you think the UAE mortgage market compares to others? The UAE mortgage market lacks diversity. Most banks are offering the same product – whether that’s Islamic banking, or a more traditional mortgage. There are small variances in the rates and the fees. In other markets, you’ll find a choice of products, whether that’s a five- or ten-year fixed loan, different stepped payments, interest only… but here there isn’t much choice – it’s just whatever’s there. It seems that the loan-tovalue rates are becoming a bit more flexible. During the crisis, 70 per cent was the maximum, but now it’s more like 80-85 per cent. That will certainly help to put a lot more liquidity back in the market. What do you think about interest rates in the UAE? They’re eye-watering; they don’t seem to be pegged to the dollar. There’s quite a premium here. Do you have a mortgage outside the UAE? Yes, we have one in the UK – it’s an interest-only base-rate tracker, Issue 3
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and it works well for us. Flexible mortgages like that just aren’t available here. The process we went through to get it was pretty similar to the process here, but the products are vastly different. Would you have any advice for people when shopping for a mortgage in the UAE? Look around – there are a number of mortgage brokers and advisors. Make sure they’re independent and not tied to one product. We decided not to go through a broker, but it’s still important to shop around. There isn’t a lot of choice, but there will be different penalties for cancellation or early repayment, so don’t just look at
the headline interest rates, look at the tariff of fees too. Are you happy you made the decision to buy? Definitely. When you’re in your own property, you feel so much more at home, and you don’t have to worry about the landlord taking away your deposit. We feel secure because we bought – we didn’t go in to this as an investment; it was always bought as a home to live in. If you’re looking for an investment property, this can be a tricky market. I think there is still too much speculation – in the interest of market stability, we need people to live in the properties that they’re buying. Issue 3
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Green Community Motor City Dubailand Ref # VI306052
Issue 3
AED 4,500,000 4 BR
Better Mortgages 19
50 Great Deals.... As the property market hots up again, now’s the time to bag your dream home in the UAE
Issue 3
20 Better Mortgages
For Sale
Al Muneera Al Raha Beach
AED 2,299,748 3 BR
Ref # AP309008
Al Muneera Al Raha Beach Ref # AP307554
Issue 3
Al Muneera Al Raha Beach
AED 2,190,000 4 BR
Ref # AP308767
AED 1,586,400 2 BR
Al Muneera Al Raha Beach Ref # AP229402
AED 1,330,000 2 BR
Better Mortgages 21
Mediterranean Community
AED 2,025,000
Al Reef
5 BR
Ref # VI308474
Arabic Community
AED 1,050,000
Al Reef
2 BR
Ref # VI304940
Mediterranean Community
AED 1,350,000
Al Reef
3 BR
Ref # VI246065
Saadiyat Beach
AED 5,950,000
Saadiyat Island
4 BR
Ref # TH301827
Mangrove Place
Marina Heights I
Al Reem Island
Al Reem Island
Ref # AP227842
Ref # AP309471
AED 650,000
AED 2,000,000
1 BR
3 BR
Issue 3
22 Better Mortgages
Saadiyat Beach
AED 4,800,000
Saadiyat Island
3 BR
Ref # TH297196
Arabic Community
AED 1,650,000
Al Reef
4 BR
Ref # VI307677
Mangrove Place Al Reem Island Ref # AP96448
AED 999,000 2 BR
Al Muneera
AED 4,900,000
Al Raha Beach
4 BR
Ref # VI306009
Sky Tower Al Reem Island Ref # AP304207
AED 1,900,000 2 BR
Jumeirah Park Jumeirah Park Ref # VI314788
Issue 3
AED 3,000,000 3 BR
Better Mortgages 23
The Lakes - Zulal 3 Emirates Living
AED 3,500,000 3 BR
Ref # VI312982
Saheel Villas Arabian Ranches
Emirates Living Ref # VI242991
AED 3,550,000 4 BR
Ref # VI309719
AED 5,350,000 5 BR
Ref # VI309588
Meadows 9( Meadows Phase 2)
Bungalow Dubai Investment Park
Palmera 2 Arabian Ranches
AED 1,970,000 2 BR
Ref # VI309301
AED 4,400,000 4 BR
Gazelle / Al Reem 1 Arabian Ranches
AED 2,299,995 3 BR
Ref # VI161067
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24 Better Mortgages
Taj Grandeur Residences The Palm Jumeirah
AED 4,250,000 2 BR
Ref # AP314759
Cluster - Tower E
AED 2,575,173
Jumeirah Heights
3 BR
Ref # AP313022
Ocean Heights Dubai Marina Ref # AP312802
AED 1,250,000 1 BR
Cluster - Tower B Jumeirah Heights
AED 2,564,573 3 BR
Ref # AP313020
Laguna Tower Jumeirah Lake Towers Ref # AP312962
Issue 3
AED 700,000
Orra Marina
AED 2,093,125
Studio
Dubai Marina
2 BR
Ref # AP312891
Better Mortgages 25
Al Alka 1 The Greens
AED 868,800 1 BR
Ref # AP309674
The Point Dubai Marina
Dubai Marina Ref # AP309264
AED 2,950,000 3 BR
Ref # AP309651
AED 1,450,000 2 BR
Ref # AP309611
Bonaire
Park Tower B DIFC
The Waves Tower A Dubai Marina
AED 1,500,000 2 BR
Ref # AP309375
AED 1,253,000
Claren Tower 1
AED 1,500,000
1 BR
Downtown Dubai
1 BR
Ref # AP306546
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26 Better Mortgages
Al Nabat (B8) The Palm Jumeirah
AED 1,750,000 1 BR
Ref # AP306438
Zanzebeel 4 Downtown Dubai
Discovery Gardens Ref # AP219119
Issue 3
Dubai Marina
AED 2,000,000 2 BR
Ref # AP301610
AED 1,900,000 1 BR
Ref # AP288228
DG-Building 190
Beauport
Murjan 2 Dubai Marina
AED 960,000 Studio
Ref # AP285360
AED 445,000 1 BR
South Ridge 5 Downtown Dubai Ref # AP72790
AED 2,200,000 2 BR
Better Mortgages 27
Marinascape Avant Dubai Marina
AED 2,200,000 2 BR
Ref # AP28793
Marina Residence Dubai Marina
Dubai Marina Ref # AP307163
Emirates Living
AED 2,630,000 3 BR
Ref # TH314841
AED 1,465,000 2 BR
Ref # AP259869
Marina Terrace
Springs 15 (Springs Phase 1A)
Executive Tower B Business Bay
AED 1,000,000 1 BR
Ref # AP307771
AED 2,300,000 3 BR
Reehan 7 Downtown Dubai
AED 2,251,414 2 BR
Ref # AP174915
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28 Better Mortgages
Mirador Phase 2 Arabian Ranches Ref # VI314933
Palladium Jumeirah Lake Towers Ref # AP10423
Issue 3
AED 6,700,000 6 BR
The Crescent IMPZ
AED 700,000 2 BR
Ref # APM75273
AED 1,000,000 1 BR
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Enjoy the flexibility to change leasing terms or occupy it yourself Enjoy the flexibility to change leasing terms or occupy it yourself Increase rental rates seasonally Increase rental rates seasonally Furnished properties attract more interest from corporate tenants Furnished properties attract more interest from corporate tenants With Dubai being a leading commercial hub, you enjoy loyalty from returning corporate travellers With Dubai being a leading commercial hub, you enjoy loyalty from returning corporate travellers Take advantage of Better Homes Property Management Take advantage of Better Homes Property Management Avoid rental cap laws Avoid rental cap laws
With the UAE’s largest database of waiting residential & corporate tenants and dedicated marketing services to expose With the UAE’s largest database of waiting residential & corporate tenants and dedicated marketing services to expose your property, we help you make the most of your property owning experience. your property, we help you make the most of your property owning experience. For more information on our properties and services, call + 971 600 52 2212 or email customercare@bhomes.com For more information on our properties and services, call + 971 600 52 2212 or email customercare@bhomes.com
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