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.
Advice Hotline 01282 882017 (10am to 7pm Mon-Fri)
International Callers Call UK +44 1282 882017
Openshore specialize only in ‘Ready’ Dubai properties and are able to provide expert advice, direct from our offices in the UK, to customers throughout the World including UK, USA, Europe, Australia, Middle East, Africa, Canada, India and South Asia.
We can provide you with expert advice on the best property for your needs and if you are buying for investment (with possible own use later) then we can help you rent it out and manage it - We even offer a rental guarantee of 8% of property value per year, as we only sell property that is easy to rent out and re-sell!
Download one of our “Best Buy” property brochures and please contact one of our Specialists if you have any questions about ANY property in Dubai or the UAE. Get the advice before you buy!
STATE OF PROPERTY MARKET IN 2011
Ready Property | -NO Off-Plan Risk |
Rental Guarantee | -8% Rental Yield |
Rock Bottom Prices | -Half Price of 2008 |
Full Manage Service | -We do everything |
Easy Buy Process | -See Buy Process |
Good Future Growth | -Shortages Likely in 3 Yrs |
Possible Tax Advantages | -Great Net Growth |
Best Areas of DUBAI | -NOT Ajman or RAK |
Our main business is to help you buy UAE and Dubai property including ready Dubai apartments and Dubai villas for Property Investors. With our help you can buy ready property in Dubai direct from property owners, developers or from other resellers. Read our ‘Latest Update’ section for the effects of the recession on Dubai property. Property in Dubai fell sharply in 2008/2009, then stabilised and is now set to grow again. NOW may be the best time to buy Dubai property as we believe that prices are “rock-bottom”. There is very little new construction taking place in Dubai because of “credit-crunch” effect of past few years, so there are likely to be shortages in the next few years. Thus property prices are expected to rise.
We can help customers who have paid 10% to 50% for an unfinished off-plan apartment anywhere in the UAE, by taking over their claim and switching to a ready property in Dubai. We give customers part credit immediately (amounts depends on their situation and property selected). The credit is against a ready Dubai property at the current LOW price. In addition to this credit, when the claim is settled, we pay 50% to 75% of the recovered money (depending on the size of the claim). Most customers would end up with a BETTER ready property than they originally agreed to purchase for a LOWER total price than they agreed to pay.
Ready Dubai apartments are the best properties for investment and can now be purchased at “rock-bottom” prices. If necessary, we can help you purchase without you having to visit Dubai, with a Power of Attorney. More than half of all of our buyers are purchasing apartments as investment properties in Dubai. The best Dubai apartments are normally those that are in areas with high rental demand. This enables us to offer a rental guarantee as we are confident about letting these properties on behalf of our customers. The 2 main types of ready apartments we sell for investment purposes are Studios and 1-bed apartments as these provide the best returns.
Most Villas for sale in Dubai are ready and are usually purchased as a resale from third party owners. Most customers buy a Dubai Villa or large multi-bed apartment as their own Dubai home which they intend to occupy now, or in the future. You will normally have to have funding for all or most of the property price by the time of transfer. Dubai mortgages are only possible if you have been resident in Dubai for at least 6 months with evidence of good regular income paid into your UAE bank account. Do not rely on getting a Dubai Mortgage approved. If you do not need your Dubai home yet, then it is better to buy multiple smaller apartments for investment. These will yield a better return and we can re-sell these at a later date if you want a larger apartment and villa ofr your own use when you want to move to Dubai.
We can also help you buy UAE properties in other Emirates apart from Dubai, such as Abu Dhabi although we do not now recommend any areas which are not developed such as Ajman or RAK. If you are looking to buy any UAE property, then please give us a call. UAE stands for United Arab Emirates and is the name for the whole country that includes all 7 of the Emirates. Most UAE properties are actually sold within Dubai itself but in some cases UAE property in the other Emirates can be more suitable.
We can also help you if you have your own Dubai property for sale. If you currently looking to sell, then we can provide you with advice on how to re-sell your Dubai real estate properties. With the help of our partners we can put up your Dubai Property for sale within Dubai and also market it to UK and overseas property buyers.
Openshore property
Unit 1, Time Technology Park
Simonstone, Burnley
Lancashire, BB12 7TW
Office Times: Mon-Fri 10am to 7pm