Thursday, August 10, 2017

Are you Ready to Buy a Property in Dubai?





The choice between buying a house and renting one, in Dubai is among the hardest financial decisions expatriates would have to make. It’s been noticed that people in the UAE choose to rent their homes instead of buying.  However, experts like us encourage and educate people to buy a property as it’s always the best long term investment.

The key factor that influences one’s decision of buying a house is the investment aspect. Whether you’re buying to live in the property, or to lease it, or even to sell it, a financial gain is guaranteed in one way or another. Unlike renting, buying an apartment in Dubai is an income generating opportunity.

The conception of the Freehold Decree in Dubai, in 2002 gave expatriates the right to buy, sell and lease property in Dubai, at their own discretion. This opportunity was a catalyst for unprecedented economic expansion.

Rocky Real Estate has seen the astonishing amount of change and development in Dubai since 1976. We see Dubai on its way to become the smartest and liveable city in the world. There is now an increasing demand of buying a house in JLT, Dubai Marina, Downtown Dubai and Dubai South as new infrastructures and features are seen in each community and add value to the properties built there.

For anyone interested in buying a house, it’s critical that they take a good look at your finance. Most importantly, they must seriously consider the reasons driving them to invest and what are the gains they should expect. This would not only help make a decision, but would also help finalize the property in the right location. Picking between Studio apartment, 1 bedroom apartment, 2 bedroom apartments or 3 bedroom apartments will also have an effect on the future of your investment.

Developers have used payment plans as a key tool to strengthen the real estate market, changing from mostly front-loaded to back-ended payment plans. In addition to generous payment plans, other incentives being offered are a 50 per cent to 100 per cent waiver on Dubai Land Department fees, free upgrades, etc. Back-ended payment plans are not only used by end-users, but by investors as well.

So when considering buying a house, it is best to talk to an established real estate agency in Dubai and ask about market prices and trends. As the saying goes, an investment in knowledge pays the best interest.




Saturday, April 22, 2017

What is a Freehold Property in Dubai?


As a leader in property management and real estate in Dubai, this is quite a common question we receive from buyers and new investors, and same is the case for any established real estate company in Dubai.

From a foreign investment perspective, properties referred to as freehold in Dubai are those located in “designated areas” in which non-nationals can own an absolute interest in land.

To elaborate, freehold property is any estate which is “free from hold” of any entity besides the owner. Hence, the owner of such a property enjoys free ownership for perpetuity and can use the property for any purposes however in accordance with the local regulations. On frequent occasions, it is usually 1 unit owned by 1 individual. Sale of a freehold property does not require consent from the state and hence requires less paperwork, thus, making it more expensive than leasehold property. It is also essential to instruct a property lawyer to conduct thorough due diligence.

There are 47 freehold areas in Dubai. Popular areas include Dubai Marina and Jumeirah.
Finding the right freehold property as per your need and requirements can be challenging, and a time consuming task. With all the information available online, finding a freehold property in Dubai on a real estate firm’s website would be the ideal place to start looking.
Real Estate Companies specializing in Freehold, like Rocky Real Estate Brokerage LLC, are knowledgeable on the spaces available, more so, the market price of the units in the area you prefer.

Once you have decided on the designated location, the next best step would be to contact an established firm that can assist you in the transaction from the start to the end.

Monday, February 27, 2017

Advantages of having a property manager

Having a property manager from a reputed firm can prove to be quite advantageous when it comes to leasing or renting property in Dubai.
Here are the benefits that a landlord enjoys when they have a property manager:
  1. Get the right tenant
Landlords need to make careful background checks on tenants to ensure that they will take a responsible approach to their tenancy.  Selecting the right tenant is critical for a landlord because a good tenant will pay their rent on time and look after the property. A property management company will have access to information on people with a history of being bad tenants and also undertake a through background check on all applications.

  1. Clients can view the property without bothering you
Showing prospective tenants the property takes time because people wanting to lease a home generally want to view the property during after work hours such as the evenings or weekends.  Private land lords are more restricted in their time and therefore may not be able to find the best tenant for the property in the fastest time.

  1. Having a key person to compose and review contracts
Having the tenant complete and sign their contact of agreement is very important as it protects the investor. A clearly written contract should clearly state the responsibilities of the tenant and the owner.  Some investors overlook this key part of renting a property with the result that problems are created between the tenant and owner.

  1. You will not receive an emergency call in the middle of the night
Keeping a good tenant is also critical for the investor. One of the most common reasons why good tenants leave a rental property is that the landlord does not provide a high level of service i.e. it may takes weeks to fix an air conditioner because the landlord is too busy with personal issues. By employing a property manager, landlords can be assured that all of their tenants requirements are dealt with promptly and this will in turn reduce vacancy rates.

  1. Maintain quality of your property
A property manager will conduct regular property inspections to make sure the investment property is properly maintained and take action if it is not. Maintaining the value of the asset should be a key consideration for investors and that is why regular property inspection reports are necessary.

Rocky Real Estate takes this hassle off your shoulders. They understand the value of your investments, and appreciate the importance of your property in your overall business mosaic. This realization enables Rocky Real Estate to care for every aspect of your property with a thoroughness that adds even more value to it.

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Sunday, January 22, 2017

Getting your money’s worth on Real Estate

As a buyer, without doubt, you would be inclined to know the Return of Investment of the bought property more than any other factor. After all, it is your hard earned money and you want a decent return when the time comes to sell it.

Properties in Dubai, by far, have given good return on investments, and with the EXPO 2020 coming up, the rapid development is definitely set to provide worthy return on investments to buyers.



Buying residential property in one of the top communities in Dubai would generally guarantee good returns. Once the buyer has decided on the type of property, villa or apartment, zeroing in on the locale can take time. From the trends generally observed in Dubai, top communities can give returns of up to 10% within a year.

Buying is investing. It can be confusing, and quite a challenging task.  All one needs is the right people to work with.

Dubai Real Estate experts such as Rocky Real Estate understands the market, streamlines the process and make things hassle free. Established in 1976, they have built their reputation as “Your Trusted Realty Partner” due to professional and informative approach on the latest trends on buying and selling Dubai properties.

Know more about investing on Dubai Real Estate