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.