Buy New Ready Properties For Sale in Dubai

When it comes to ready-to-move properties for sale in Dubai, the main advantage of buying one of the ready-to-move properties for sale is that the buyers benefit from knowing exactly what the ready-to-move property looks like as compared to those properties that are under construction. Moreover, investors purchasing “Ready to Move Property” can immediately start to generate rental income by leasing out the residential unit. Buyers can also get a higher loan-to-value (LTV) ratio for ready-to-move properties, making it easier to get a mortgage from the bank. It’s also important to conduct a competitive market analysis by checking the current sales prices of similar ready-to-move properties on the market. It’s also essential to check the rental prices of similar ready-to-move properties to get a better idea of the rental income investors can generate on their ready-to-move property.

What are Freehold Ready To Move Properties for Sale in Dubai?

Defining a freehold “ready to move” property is very simple; a property that is “free to hold” from anyone or any entity except the owner. Hence, the owner of such a “Ready to Move” property enjoys free ownership in perpetuity and can use the land for any purpose he desires. However, in accordance with the laws of Dubai’s government, the sale of a freehold ready-to-move property does not require consent from the state and hence requires less paperwork, making it more expensive as compared to a leasehold ready-to-move property. 

Dubai’s freehold market is divided into two categories based on whether it is freehold ready-to-move property exclusively for UAE nationality holders or if it is freehold ready-to-move property that can also be purchased by someone from abroad or by a foreign investor. A freehold ready-to-move property refers to a purchase agreement where an investor or buyer completely owns the ready-to-move property and the land it stands on, and no one else owns it. 

The popular freehold areas for locals or foreigners looking for apartments for sale in Dubai include Palm Jumeirah, Downtown Dubai, and Dubai Marina. Those looking for affordable freehold apartments in Dubai can find them in Jumeirah Village Circle (JVC), Town Square, International City, and Liwan. Freehold areas popular with GCC and UAE nationals include Deira, Al Qusais, Al Nahda, and Dubai Silicon Oasis.

What are Leasehold Ready to Move Properties for Sale in Dubai?

Leasehold Ready To Move Properties are those Ready To Move Properties that are sold on a leasehold basis, which is where the investor will be given the rights to a Ready To Move Property for a fixed term ranging from 10 to 99 years in exchange for a negotiated amount for the Ready To Move Property. Leasehold ready-to-move properties cannot be bought directly and must be leased from a landlord who holds the nationality of the UAE. When the lease expires for leasehold Ready to Move Property, the ownership and control of the purchased Ready to Move Property are given back to the freeholder. Most areas that offer leasehold, ready-to-move properties for expat ownership are those set up as freehold areas for those who hold the nationality of the UAE. Deira and Dubai Silicon Oasis are the only such areas.