Top Real Estate Agency in Dubai
Island Falcon Real Estate is indeed the top real estate agency in Dubai. With 15 years of experience, a national presence, and a diverse team of experts, IFRE has helped thousands of individuals from all parts of the world in buying, selling, and leasing their dream properties in the UAE. We also offer property management, mortgage, and many such services.
Call Us at: 800-ISLAND (800-475236)
Email Us: [email protected]
Visit Us: Office no. 1502 – API Trio Tower (Novotel) – Al Barsha 1 – Sheikh Zayed Road.
UAE’s leading Real Estate Agency
Island Falcon Real Estate specialises in bringing buyers and sellers closer to the finest residential properties across the emirate.
Get in touch today and see how we can help you navigate the UAE’s property market.
FIND YOUR HOME
ABOUT US
Consisting of a dedicated and experienced real estate team, Island Falcon Group thrives on a client-centric culture, and has since become a trusted real estate company and a leading voice in the region. With a group of accomplished professionals, and 10+ years of selling experience, we are ready to help those looking to rent and lease residential and commercial properties in the UAE. It’s what we do best
FEATURED PROJECTS
We take pride in assisting our diverse clientele in owning and renting residential and commercial properties across the UAE. Our highly-experienced team is well versed in all aspects of real estate transactions, from initial design to completion and beyond. Below are a few of our most exemplary projects in the UAE.
Is It expensive to live in the UAE
According to Mercer’s 2021 Cost of Living Survey, the Emirate ranks 42, so it is more affordable than San Francisco, London, or Paris. One of the major factors that determine how expensive UAE will be to live in is the area you choose to live in.
How can beginners with little money invest in UAE
Property options in Dubai can fit any budget, thanks to an array of options available. Based on H1 2021 statistics, Dubai International City, Jumeirah Lake Towers, Jumeirah Village Circle, International City, and Dubai Sports City were the most affordable communities. An average ROI of 6.5% is achieved by these areas with a price-per-square-foot of AED 447-870 (USD 121-236). With first mortgages in the UAE, the LTV ratio is 75% for properties with a value of less than AED 5M (USD 1.36M). For those with a lower budget, taking out a loan is a great option. A buyer might also choose a post-handover payment plan where he or she pays about 40-50% of the property value during construction and the rest after the property is delivered.
UAE’s investment property market offers higher rental yields than those of many mature markets. Due to significantly lower property prices per square foot than in London, Hong Kong or Paris, the average ROI here ranges between 5% and 9%.
How to sell properties in the UAE?
A qualified real estate agent can make selling property in Dubai a much easier process. If you have found a specialist, you must sign a document (Form ‘A’) authorizing an agent to handle brokerage and marketing on your behalf. When the form is submitted to the Dubai Land Department’s Trakheesi system for approval, your property will begin to be advertised online and offline.
Once you have found a buyer, you will have to sign a Memorandum of Understanding, a legally binding contract. It can take 5-7 days for the developer to issue an NOC letter, which is another key document during the selling process.
As part of the final step of completing the sale, the following documents are required: MOU, NOC, copy of title deed, check to the seller, 4% DLD fee, original passport copy, and Emirates ID.
Residents of Dubai are allowed to buy property only in designated freehold areas. Off-plan developments offer lower prices and flexible payment plans, which make them a very attractive option. You can also obtain a mortgage if your Dubai investment property is valued under 5 million AED (USD 1.3 million), and a 70% loan if it exceeds 5 million AED (USD 1.3 million).
The Emirate is especially known for its villas, which are most popular among expats moving to the Emirate with their families. Villas come with a study/flexi-room, large green spaces, and a number of amenities. Among the most popular destinations among HNWIs is Dubai Marina and Palm Jumeirah. These areas are also home to ultra-luxury real estate.
Properties that are on the off-plan market are those whose construction has not yet begun or is in its preliminary stages.
How do freehold and leasehold properties differ?
Having a freehold property means that the buyer of the property will have his name on the title deed. On the other hand, leasehold properties are those that are leased for a period of more than 10 years, but not exceeding 99 years. It cannot be purchased in its entirety.
Ejari is Arabic for ‘my rent’. The registration of your tenancy contract is mandatory. Ejari was designed to make Dubai’s rental market one of the most transparent in the world and was developed by the Real Estate Regulatory Agency (RERA).
In order to obtain an Ejari, usually the tenant or the real estate agent handles the entire process and associated fees. IFRE, can assist you in obtaining Ejari. Alternatively, you can register online for Ejari by submitting all the required documents at one of the 70 typing centres.
