EASY BUY PROCESS
STEP 1
Select READY Property
We believe that prices are at their lowest and are likely to rise over next few years. We only acquire READY properties with high demand and good rental yields in developed areas. DO NOT buy off-plan or incomplete property. DO NOT consider other areas such as Ajman or RAK. Studio and 1-Bed apartments are the Best Buy. Select one of the 3 property types opposite and then select the size (see brochures for details)
STEP 2
Make a Reservation
A reservation agreement will be sent to you. To get the best deal e.g. a larger apartment for the same price, you may need to give us flexibility on the specific apartment.
STEP 3
Deposit via Client Account
Funds belong to the customer within the client account until paid to the seller at point of transfer. Initial deposit is 10% of property price.
STEP 4
Sign Purchase Agreement.
You will be sent the final version of the 'Agreement To Purchase' or sometime called MOU (Memorandum of Understanding) to sign. Visit to Dubai is not essential. You will also need to make arrangements to pay the remaining 90% prior to property transfer or on the day of property transfer (see below)
STEP 5
Property Transfer
At some point (normally within 30 to 60 days of signing the Purchase Agreement) you will need to visit Dubai and we will take you to the Dubai Lands department. The property can then be transferred to your name after all of the funds have been paid. Most customers use the Client Account to make the 90% of the remaining payment prior to transfer. Others use a Managers Cheque from UAE bank on the day of transfer. If you do not wish to visit Dubai, we can still transfer the property to your name using a Power of Attorney.
STEP 6
Rent out using Openshore
Openshore guarantee to take responsibility for renting out and pay a minimum of 8% rental yield (Studios and 1 bed apartments shown here). This takes the risk out of the investment. If you wish to use property yourself, then we will not rent it out. You can decide on this option at the time of purchase.
STEP 7
Get Rent & Growth
Inflation is eroding value of any cash funds you may have. Such an investment in Dubai (at its lowest price point) makes sense. Rental income of 8% and expected capital growth with possible doubling of property value over the next 5 years.
NOTE: Property prices can go down as well as up. Everyone has a view but no-one can be certain. We believe prices are rock bottom now and will go up in the next few years as there is very little new property being built - so shortages are likely.
Advice Hotline 01282 882017 (10am to 7pm Mon-Fri)
International Callers Call UK +44 1282 882017
About Us
Dubai Property Specialists
Openshore specialise only in ‘Ready’ Dubai properties and are able to provide expert advice to UK customers wanting to invest there. We listen to your requirements and then give you expert advice on the best property to purchase for your needs. We help you select the one that will deliver the best returns whilst providing complete security. Unlike other property consultants that have to juggle information from a range of countries, our focus is 100% Dubai, and hence we can provide more up to date information to help you make a better decision.
Our aim is to keep our customers completely satisfied with their purchase and their return on investment, and many of our customers are now multiple investors with several properties in Dubai. We are proud of our level of service and the fact that most of our business now comes from recommendation and repeat purchases.
Our staff have been selling property in Dubai for over 7 years and have a great deal of experience. They have seen the boom from 2004 to 2008 and the property "crash" at the end of 2008. They have first hand experience of the Dubai market and have continued to help customers even during the property downturn - in sharp contrast to many other property agents.
UK Consultants
Our property consultants in the UK operate from our Lancashire Offices (shown below) and have many years of experience of the Dubai property market and directly liaise with you with all aspects of the purchase process. The UK sales office is based just off the M65 in Lancashire and handles all customer pre and post purchase relationships.
Dubai Consultants
Our Dubai Consultants provide monitoring of all projects. We have close relationships with all the major property players in the UAE. Our Dubai consultants constantly evaluate the property that comes onto the market and select the best in terms of rental yields and overall investment return.
Property Rentals
At the time of purchase you can opt to rent your property with us and also take advantage of our Rental Guarantee with up to 8% of rental yield on your new property. Thus if you buy a Studio or 1-bed apartment with our help we guarantee you will get 8% rental yield or better. If it is less, we pay the difference.
Property Re-Sale Division
Our Property Re-sale division offers services to UK customers who may already own Dubai property by helping them to re-sell their property and re-coup their investment. Please contact one of our Dubai Specialists if you have any questions about ANY property in Dubai. Get the advice before you buy!
Openshore property
Unit 1, Time Technology Park
Simonstone, Burnley
Lancashire, BB12 7TW
Office Times: Mon-Fri 10am to 7pm
