Browsing: Property

UAE
Indians continue to be the biggest investors in UAE real estate

Indians have by far remained the most prolific foreign investors into Dubai realty, a recent report has revealed. As per the data from Government of Dubai’s Land Department (DLD), the total real estate investments last year reached Dh91 billion from 55,928 investors, Khaleej Times reported. Indians ranked highest in terms of both volume and value among foreign investors with Dh12 billion worth of property transactions from 6,263 buyers. In an effort to attract more investments from Indians, the 13th edition of the International Property Show, which will be held from April 2nd to 4th this year at Dubai World Trade Centre, will have some of the best properties on display. According to industry experts, UAE’s safe haven status, stable economic growth and bottomed out prices have been the key factors for attracting Indian realty investments in Dubai. Dubai is increasingly becoming a hot favourite destination with Indians for a number…

Guest Blog
10 things to remember while buying a home in India

This is a guest blog post written by Prachi Varshney, who is a food blogger, writer and content writer based in Doha. You can find more about Prachi and her blog beneath this post. 1. Check your family and office travel mode first Do you travel a lot via metro, highways, railway stations or airports? Choose your prospective properties according to your mode of travel. Living near railway station when you travel via flights is total useless. Check your priorities to see if you wish to take home near office or near your kids’ school or near your relatives. Do not stay away from all three. 2. Online IP address frauds If you are checking online property portals, keep a pen and paper nearby to take notes of the properties on the beat. Property portals save ur IP address and when they feel that your are highly interested they start increasing that particular property rates slowly.…

UAE
Sobha Group unveils extended payment plan for new Sobha Hartland project in Dubai

Sobha Group, a leading real estate developer in India and the Middle East, has announced the launch of an extended payment plan for Sobha Hartland in Mohammed Bin Rashid Al Maktoum City, Dubai, its urban mixed-use development located in the epicentre of Dubai. The developer also announced that some units will be completed from December 2017. Limited duration special payment plan on villas and apartments The payment plan allows investors to pay 50 per cent of the purchase price during construction, 25 per cent six months after completion and the final 25 per cent instalment 12 months after unit completion. Sobha Hartland apartment prices start from Dh 1,520 per square foot. For villas, the price starts from Dh2,006 per square foot. About the project Sobha Hartland will comprise villas with an option of 12 floor plans, semi-detached villas, townhouses, plots and high-rise apartments. Residents will have access to two international…

UAE
Indians may dominate this year’s Dubai Property Show

The annual International Property Show to be held in April in Dubai will see a strong Indian participation, the event organisers, Strategic Marketing & Exhibitions, have said. A total of 15 Indian companies, double the figure compared to last year, will be showcasing their projects and targeting the large Indian expatriate community of five million at the International Property Show to be held from April 11 to 13, Khaleej Times reported on Tuesday. According to the organisers, Indians top foreign investments in Dubai’s property market. Between 2006 and 2015, Indian investments ballooned to over 120 billion Dirhams ($32.6 billion) through more than 57,000 transactions surpassing the largest investor groups – British and Pakistani investors – both in value and number of transactions. “The close relations between the UAE and Indian governments have created an ideal investment climate that boosts flow of funds in both directions, especially in real estate,” Dawood…

Qatar
Report reveals area-wise property rates in Qatar

A recent report by Al Asmakh Real Estate Development Company, has revealed the spiraling property prices in Qatar. Land prices continue to rise with expatriate-dominated working class localities in Doha like Najma, Al Mansoura and Umm Ghuwailina commanding high rates. Here are the average rates based on recent real estate transactions: Al Mansoura, Bin Dirham – QR 2,075 per square foot Najma, Umm Ghuwailina – QR 1,900 per square foot Old Airport Area – QR 1,200 per square foot Al Mamoura – QR 525 per square foot Al Thumama – QR 510 per square foot Al Gharrafa – QR 460 per square foot Al Rayyan – QR 440 per square foot Al Laqta – QR 420 per square foot Umm Salal Mohamed – QR 360 per square foot Muaither – QR 330 per square foot Umm Salal Ali – QR 300 per square foot Apartment Prices In the 18 designated residential areas where foreigners are allowed to buy real estate, a…

NRI Guides
Read this before you buy a property in India

Contrary to popular belief, NRIs are not allowed to buy all types of properties as resident Indians can. There are Reserve Bank of India guidelines and Foreign Exchange regulations that restrict NRIs from buying certain types of properties. If you are an NRI, you cannot purchase any agricultural land, farm house or plantation property. You can have ownership of such property only if they’ve been inherited (received as an heir at the death of the previous holder). However you can own both residential as well as commercial properties in India and there is no restriction on the number of properties you can buy. The Reserve Bank of India website has detailed explantations on each type of property transaction. In order to simplify and make it easier to understand, here is a table we have compiled for NRIs: Check the property deed Eventhough your proposed property may look like a housing plot, check the property deeds carefully…

Community
Top 10 cities for NRI property investors

Mumbai tops the list, followed closely by Bangalore, finds new survey The city of Mumbai has again emerged as the most popular and attractive property investment hotspot in India for non-resident Indian (NRI) property investors, according to a new survey. Bangalore came second with 24.13 per cent votes, due to its ‘multi directional growth’ in recent years and the potential of giving significant return on investment, the report said. The survey, conducted by Sumansa Exhibitions – the organisers of the Indian Property Show in Dubai – found that despite high property prices, 35 per cent of the respondents voted Mumbai as their top city for property investment. “Bangalore is one of the upcoming residential and commercial market in India,” said Sunil Jaiswal, president, Sumansa Exhibitions. “There are numerous properties available in the city and majority of them are purely for investment purpose promising good returns in the future. “It is…

Community
Indian builder to host expo

Land Trades, a leading builder and developer from Mangalore, India, is hosting an exhibition this weekend to showcase its latest available properties. To be held at Holiday Villa (building 5) on October 31 and November 1, the exhibition will showcase attractive choices in premium housing in Mangalore. Timings: 31st Oct (Fri) – 4pm – 8pm 1st Nov (Sat) – 10am – 8pm Venue: Holiday Villa Hotel (Building 5, Quartz Hall) C Ring Road, Doha Mega apartment projects like Maurishka Palace (Kadri Kambla Road), Solitaire (Hat Hill), Atlantis and Roopali (Bendorewell Road) and Sai Prem (Mannagudda Road) are popular choices, while other medium-scale projects promoted by the firm are in various stages of progress. The firm also develops commercial projects. Established in 1992 by Srinath Hebbar, Land Trades is known for developing properties on the platform of “Best Location, Best Quality and Best Lifestyle”. “At Land Trades, we always take great…

Personal Finance
How to deal with delay in housing projects

Our reader Desiree Pinsent-Hiwale had posted this query on our facebook page: How to handle a builder in Bangalore that has still not completed a project and the amenities despite having collected the payments ? After consulting with experts and referring to similar cases, here is our advice : Delays in construction of residential projects are common in India. Developers include a grace period, generally six months, in their agreement with buyers. Most homebuyers take a delay of 6-12 months as granted. Sometimes, possession is delayed even beyond the expected tenure. Buyers need to be alert to avoid risk of getting locked in a delayed project. The builder is likely to offer possession on time if a project has necessary approvals along with funding from a bank. Several projects boast of 100% funding from foreign private equities and other investors, which means delays are less likely for lack of funds. Usually…