Better Mortgages_Jan'13

Issue 3

1 Better Mortgages

Better MortgagesYour update on the mortgage market and the best buys right now

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Issue 3

04. The Mortgage Market NowIndependent Finance’s General Manager Sam Wani provides the inside track on the current status of the UAE’s home finance market

06. Buying Time? For the latest on what’s happening to the UAE’s property market, we speak to two Better Homes experts: Nick Nuziale from Dubai and Abu Dhabi’s Loshini Lawrence

14. Why We BoughtAlex and Laura Marr invite us into their Springs villa to tell us why they decided to buy rather than rent their home in Dubai

18. 50 Great Deals From a beautiful 4-bedrooom villa in Motor City, to a fabulous 2-bedroom apartment for under AED1 million on Reem Island, Abu Dhabi, we have the hottest deals

Produced by: HOT Media Publishing FZ LLC

Managing Director Victoria Hazell-Thatcher

Editorial DirectorJohn Thatcher

Advertisement Director Chris Capstick

Group EditorLaura Binder

Sub EditorHazel Plush

DesignersAdam Sneade, Vanessa Arnaud

Production ManagerHaneef Abdul

Advertising Manager Sukaina Hussein

Classifieds Advertising Executive Faaju Fatah

Advertising [email protected] 369 0917 050 456 9938

Editorial enquiries [email protected]+971 (0)4 364 2876

Cover and interview imagesNasir Rauf, nasirrauf.com

Better Mortgages is a sub-product of Better Homes magazine. Reproduction in whole or in part without written permission from HOT Media Publishing is strictly prohibited. HOT Media Publishing does not accept liability for omissions or errors in Better Mortgages.

Contents

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The UAE economy is expected to show growth of 4% for the year 2012. Such growth resulted in more money being circulated, and therefore higher levels of liquidity among the banks, and this has contributed to the fall in interest rates. The mortgage industry is also benefiting from the large number of lenders entering the market, and this greater competition between lenders has also contributed to the reduction in interest rates.

There are now 27 mortgage lenders in the market. This number is set to touch 30 in 2013. And as

The Mortgage Market Now

Sam Wani, General Manager, Independent Finance, on the current status of the home loan market

‘Most new mortgage products have very attractive rates averaging 4.5%. If you look back to before 2011, rates then were around 7%, so there has been a significant drop’

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the market grows, so to do lending targets, hence, the competition is intense. Some of the banks have started targeting specific market segments. For example, some lenders are focusing on interest-only mortgages, we (Independent Finance) have products specifically designed for non-resident customers, and others are targeting commercial properties. In addition, other niches being targeted are buy-to-let, DIFC properties, 30-year-term mortgages and shell-and-core properties.

Most new mortgage products have very attractive rates averaging 4.5%. If you look back to before 2011, rates then were around 7%, so there has been a significant drop. This has prompted homeowners with older mortgages to move their

loans. The challenge for anyone considering this, though, is that most older mortgages have very high penalties for switching lenders. These penalties vary between 3-5%. Yet despite this barrier it makes sense to move your mortgage from a 7%+ interest rate to a 5%+ rate as the long-term savings could be substantial. Some of the new mortgages have no or negligible penalties (between 0-1%) for re-mortgaging.

From 2002-2008, UAE freehold property was in the early stages of its lifecycle. Most of the buyers at that stage were investors buying in cash. But the majority of the property buyers now are end-users looking to buy property to live in. And a substantial majority of these would need a mortgage to buy property. This has prompted the Dubai Land Department,

as well as the Central Bank, to focus on customer security. Dubai Land Department has initiated many measures including greater scrutiny of brokers, while the Central Bank has restricted lenders from unscrupulous lending practices by reducing debt-burden ratios and loan-to-value ratios. Lenders are also restricted from soliciting business by cold calling customers.

Now that the property market is heating up, new property launches are in vogue again. The recent launches by Emaar are a testament to this fact. None of the banks are ready to offer mortgages on off-plan properties yet. However, lenders are working on offering mortgages on partially or near-complete projects. Of these, Jumierah Park is the proving the most popular.

Finance

Loan Ranger Found your dream property and need to sort out a mortgage? Look no further...

Terms and Conditions apply to all rates

*Rates are correct at time of press but subject to change. For further information on the best deals call Better Homes on +971 4 407 4600

Bank interest Rate Min Deposit Max Loan Term Processing Fees early Repayment contact

independent Finance 4.49% 2-year Fixed 12% 20 Years 0.5%1% on settling or switching lender

04-3819314

independent Finance 4.49%, Eibor Linked 15% 25 Years 0% 0% Own funds 3% buy out 04-3819314

nBD 4.99%, 2-year Fixed 20% 20 Years 1% 1% Own funds 1% buy out 04-3819314

United arab Bank 3.99% 2-Year fixed 20% 25 Years 1% 0% Own funds 3% buy out 800474

abu dhabi finance From 5.75-8.5% 15% - 25% 30 Years1% if paid upfront, 1.25% if not

2% Own funds 4% buy out 800 ADF(233)

aDcB From 4.99% 2 year fixed 15% 25 Years 1% (No cap) 2-5% 800 2030

aDiB 5.75% 5 Year fixed 15% - 20% 25 Years 1% of Loan Value 0% Own funds 3% buy out 8002288

Aafaq – Islamic finances

Profit not Interest rate (Sharia’a) 5.99% reducing for Profit plus Capital and 5.99% fixed for Profit Only

40% - Emaratis 50% - Expats

4 years plus extension of 4 years

1% of FTV (same as LTV but we don’t use the word Loan)

Applicable 04-3306444

commercial Bank of Dubai From 4.49% p.a. 15% 25 Years0.25% Special offer valid till 28th Feb 2013

Permitted 04-2112868

HSBc 3.99% 1 year fixed 40% 25 Years 1% of Loan Value 0% Own funds 3% buy out 800House

Mashreq From 4.99% 20% - 30% 25 Years 0% Limited Offer 1% Before 2 years 3% buy out 04-4244444

nBaD From 4.99 % Per annum 20% 30 Years 0% Limited Offer 3% Max 8002211

noor islamic Bank From 4.99% 20% 25 Years“1%, Capped at AED 30,000”

“2% Own funds, 3% buy out” 800 6667

Rak Bank 5.50% 25% 25 Years 1% 1% Own funds 5% buy out 04-3120000

Standard chartered 4.49% 1 year fixed 25% 25 Years 1% of L/A 0% Own funds 5% buy out 02-6165605

Tamweel 5.25% 20% 25 Years 1% 0% Own funds 5% buy out 800 Tamweel

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haven; the changing of residency visa rules (now giving 2 years residency visa subject to approval by immigration; the tax-free environment for companies; and good ROI compared to other countries around the world. Areas such as Emirates Living, Dubai Marina and Downtown Burj Dubai showed the most growth because these areas are where foreigners and families prefer to be.

Of the new laws put in place by RERA, the escrow law has had the most effect on the property market. With escrow, an investor places funding with a third-party, which is not released until an agreed construction milestone has been met by the developer. The escrow law also ensures that

Buying Time?

all developers must be registered with the Dubai Land Department and must use the operating bank account solely for the particular development which a client is investing in. This is very important for both end users and investors as it builds confidence and provides peace of mind.

Investors are returning to the market seeking returns of between 6-8% on rental properties. Some investors are buying off-plan properties with good payment plans with the intention to flip it before it ’s built, or to hold onto til completion for a good ROI, believing that the market will grow stronger still. In the past few months I’ve sold property to a mixed bag of nationalities – Saudis, Egyptians, Indians, Kuwaitis and more besides.

Do I see Dubai’s property prices continuing to grow? Yes, but I think it will calm down a bit. There has been much more demand than supply over the last few months, but it seems to be softening slightly. However, this view is dependent on whether any laws are changed or added which would spark a shift.

Abu Dhabi’s property market has taken a paradigm shift in 2012, in terms of residential property. With properties being handed over in sought-after locations, we have seen an increase in demand by end-users who are willing to wait for the property of their choice. We have buyer lists that consist of potential buyers with very specific requirements in terms of what they want. Buyers are also now very aware of extra costs such as service fees, cooler charges, extra maintenance costs and other general expenses associated with property ownership.

Investors, on the other hand, are still interested in key locations where prices have stabilised and certain unit types are in high demand. Abu Dhabi has experienced an upswing this year and this is expected to continue apace in 2013.

Nick Nuziale, Senior Residential Consultant, Better Homes Dubai Marina Office, offers his thoughts on Dubai’s property market, whilst Loshini Lawrence, Operations Manager, Better Homes Abu Dhabi Office, predicts continued growth in the capital

2012 saw a big rise in prices throughout the more popular areas of Dubai, with the likes of Dubai Marina, Emirates Living and Downtown Burj Khalifa showing increases of 15-20%, but other areas have also shown price increases, albeit at smaller levels. Several factors have contributed to this price rise: instability in other areas of the Middle East, with people from these countries bringing their money to the UAE which they see as something of a safe

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Choose AAfAq for IslAmIC fInAnCe

Islamic (Sharia) finance is based on the concepts and practices first developed centuries ago in the Islamic world. Aafaq – Islamic Finance Company – one of the pioneers in Islamic Financing, has

risen to help you realise your dream of securing your life-long property with a variety of home

financing options. Here, their expert team outlines the benefits associated with Islamic Financing and

their property finance products

What are the benefits of Islamic finance?It is Sharia compliant and more beneficial to applicants due to its Islamic norms that protect customers’ rights much better than in conventional lending. Rentals and repayments are pre-agreed and revised periodically.

How does Islamic property finance differ from traditionalforms of home finance? The core principal is that it is riba free (interest on interest), has easy to understand product features and its offerings are transparent – there are no hidden charges.

Do the lending rates fluctuate?The rates are revised subject to agreed terms and conditions. Our current profit rate starts from 5.99%. The fluctuation depends solely on the geographical area you choose for your property. Generally, periodical revision will occur in consensus with both parties.

Can non-Muslims take out an Islamic mortgage?Yes, while complying with Sharia norms and lending guidelines.

How can I be sure a mortgage is 100% Sharia compliant?We are governed by a reputed Sharia board and audited by them frequently on our operations and product offering.

What happens to the finance facility if I/we decide to sell my/our property at a later date?You would need to make an official request to us, and while doing so would also need to make arrangements to settle early either by property sale proceeds or depositing cash in advance for the liability outstanding.

Is it possible to pay off the finance in full before the term has expired? If so, is there a financial penalty?Based on our Ijara offering, the customer can pay in advance and no penalty or hidden charges will be imposed. That month’s profit accruals, plus the outstanding principal amount, will need to be paid in full.

What are the basic requirements an applicant must satisfy to be eligible for Islamic mortgage?They must be between 21 and 65 years of age, salaried for a minimum

of one year, and draw a salary of AED15k per month if a single applicant, or a combined salary of AED18k per month if joint applicants (with one applicant having a minimum monthly salary of AED10k). Self-employed applicants must provide company bank statements and at least three years of audited financials. The processing fee is 1% (minimum AED5k) on the financed portion of the property, and 50-60% of the property value financing is available, to a minimum amount of AED250k and a maximum amount of AED10 million.

For further information visit www.aafaq.ae

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to fix their interest rates for up to 5 years before moving to a floating rate. We also offer Islamic Ijarah Finance for customers desiring a Shariah compliant product. High loan amounts of up to AED 15 million are another great benefit, and we also finance up to 85% of a property’s value, while repayment periods can be as long as 25 years. Though if a customer would like to settle their loan early, they can take advantage of our flexible early repayment options which allows them to pay in part or full.

The process of getting home loan approval through CBD is an easy one to follow. No salary transfer to CBD is required, we offer mortgage loans to UAE nationals and expatriates residing in UAE (they may either be salaried or business professionals

running their own firms), and we accept requests from eligible customers who wish to move their mortgage from other banks to CBD. By doing so the customer can avail of our free pre-approval facility, while for a limited time only we also have a special launch offer that has a loan-processing fee of only 0.25%.

All- in-all, the most important aspect of any mortgage is that clients fully understand and appreciate all elements of the product. CBD is committed to guide its clients through this process.

For further information, please visit www.cbd.ae

CBD Mortgage LoansCommercial Bank of Dubai demystifies the mortgage experience for customers

CBD ensures that the borrower is taken through a process of complete transparency, with every detail of the CBD Mortgage Loan explained in a ‘crystal clear’ manner. It is a comprehensive and convenient home loan solution brought to you by a bank that offers you services the way you deserve it. Frans Jan Burkens, Head of Consumer Banking at CBD, details the benefits…

CBD Mortgages have been carefully designed to address our customers’ home loan needs. Our mortgage products offer a comprehensive range of features & benefits coupled with superior service by trained mortgage advisors. Amongst other benefits, our customers have a wide choice of floating & fixed rate options to choose from – our interest rates start from as low as 4.49% p.a. and customers have the option

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Most people prefer not to think about what will happen to their property on death. However, failure to make proper plans can create real problems and cause great expense (including tax liabilities) for next of kin, problems that they will be forced to sort out at a time when they are emotionally upset and most vulnerable

Making a will is a sensible way for an individual to put his or her affairs in order. However, the administration of a deceased’s estate can be costly (often around 4% of the total value of the estate), result in long delays (normally at least one year, even for a simple estate) and very often involve a large tax bill (inheritance tax or estate duty rates are often extremely onerous).

One alternative to making a will is to set up a trust during one’s lifetime. With careful planning this can eradicate delays, costs and taxes and provide other benefits such as protecting assets from future creditors or providing anonymity. For many reasons the use of trusts as a means of holding and passing on family wealth, even for modest estates, has increased dramatically in recent years.

So what iS a tRUSt? the concept:Unlike a company, a trust is not a legal entity. It is best described as a relationship; an arrangement whereby property is transferred from one person (the settlor) to another person (the trustee) who holds the property for the benefit of specified people or objects (the beneficiaries). A trust deed sets out the terms and conditions upon which the trustees must hold and administer the trust assets. The trust deed also sets out the rights and interests of the beneficiaries.

The advantage of a trust owning your property“Death and taxes”

A trust can also be created by a will but if assets are “transferred” to trustees during lifetime they should be unaffected by the subsequent death of the settlor. Another word for “transfer” is “settle”; hence the transferor of the assets is called the settlor and the trust is often referred to as a “settlement”.

Those unfamiliar with the trust concept may be concerned about transferring ownership of their property to a trustee. However, the duties of trustees have been developed over centuries through English equity and common law and are now in many cases codified in statute law. This law distinguishes between legal ownership (trust assets are held in the name of trustees) and beneficial ownership (only the beneficiaries may benefit from the assets). Further, even greater duties are imposed on professional trustees who, in reputable and well-regulated jurisdictions such as Gibraltar, for example, are required to be licensed.

wheRe can i Set Up a tRUSt?Virtually all low tax or zero tax common law jurisdictions have some form of trust law. Gibraltar is at the forefront of best practice development in the area of trusts and was one of the first jurisdictions to introduce the regulation and supervision of trust companies. Professional trustees must be licensed under the Financial Services Ordinance 1989 and are regulated by the Financial Services Commission (FSC).

Gibraltar trust law is derived from English common law and the rules of equity, supplemented by certain legislation. Gibraltar’s Trustee Ordinance is based on the Trustee Act 1893. “Asset protection trusts” are also permit ted although all trusts provide some element of asset protection.

confidentialityRegulations require trustees to know the identity of the settlor and ultimate beneficiaries of a trust. This information is kept completely confidential. Disclosure to third parties is only required in very particular circumstances and must be accompanied by a court order.

In the case of asset protection trusts, the register maintained by the Registrar of Dispositions to record the transfer of assets to asset protection trusts is closed and its contents privileged. taxesThe vast majority of Gibraltar trusts are set up as discretionary trusts so that beneficiaries only have a contingent interest. The beneficiaries can therefore avoid any tax liability until assets are distributed to them.

Trust income is exempt from tax in Gibraltar if the trust is established by a non-resident, has no Gibraltar beneficiaries and derives no income locally (other than bank interest).

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The terms of the trust must expressly exclude Gibraltar residents from being beneficiaries.asset protection trustsAsset protection trusts (APTs) are permitted in Gibraltar. These must be registered with the Register of Dispositions and require that:

• the settlor is an individual • the settlor is not insolvent at the time of the disposition • the settlor does not become insolvent in consequence

thereof • the disposition is registered.

If these requirements are satisfied the disposition will not be voidable by any creditor of the settlor and the application of the Fraudulent Conveyances Act and the Bankruptcy Ordinance are

excluded.Only professional trustees licensed by the FSC can act as

trustees of APTs and an application fee of £300 is payable upon registering the trust and £100 is payable annually to maintain the registration.

So what aRe the main aDvantageS of a tRUSt?Trusts can be very useful means of tax planning. They can be very flexible, even the settlor can continue to benefit from the trust assets, and have many other advantages including:

asset protectionAll trusts provide some element of asset protection but specifically see APTs above.tax planningA properly established trust may produce substantial savings in income tax, capital gains tax and inheritance tax/estate duty.avoiding the expense and delays of probateIn common law jurisdictions the need to obtain a grant of representation (probate or let ters of administration) before a deceased’s estate can be wound up and distributed can cause delay, expense, unwanted publicity and upheaval.confidentialityThere is no public register of trusts or trustees. The ownership of trust assets can remain entirely confidential in most circumstances.avoiding forced heirshipForced heirship is a particular problem in continental Europe and other civil law jurisdictions, as well as in countries of Islamic tradition. A trust can be used to overcome forced heirship claims. estate planningMany settlors prefer to make complex arrangements for the distribution of their assets. They may wish to provide a source of income for a spouse or make provision for the education of children. A trust is a very convenient and flexible method of making such arrangements.

protecting the weakA trust allows a person to provide for those who may be unable to manage their own affairs such as infant children, the aged or persons suffering from certain illnesses.preserving family assetsPreserving family assets against mismanagement or spendthrif ts is a common motivation for establishing a trust. An individual may wish to ensure that wealth accumulated over a lifetime is not dissipated or divided up but is preserved as one fund. The fund can then accumulate further with provision for payments to members of the family as necessary, preserving some assets for later generations.continuing a family businessA settlor may want to ensure that the business he has built up will continue after his death. If the company shares are transferred into a trust prior to death the unnecessary liquidation of the family business can be prevented.

If family members have lit tle business experience, the trustees could be instructed to retain the shares, keep the company running and provide payment to the family from dividend income.flexibilityA discretionary trust can provide a structure that is capable of rapid change as circumstances demand.property holdingA portfolio of international property can all be held under one single Trust. In some circumstances, depending on local laws, a “local company” may be required to sit under the trust (i.e. it ’s common for a Jebel Ali Offshore company to hold Dubai property, and have a Trust acting as a shareholder of the company).

For further details of the benefits of holding real estate through a trust and offshore company structure please ask for Sovereign’s property holding information sheet.

Trust services are principally provided by Sovereign Trust International Limited which is licensed as a professional trustee by the Financial Services Commission of Gibraltar – licence number FSC00143B, and Sovereign Trust (TCI) Limited which is licensed as a professional trustee by the Financial Services Commission of the Turks & Caicos Islands – licence number 029. Both companies are regulated and are covered by our professional indemnity insurance. Fees for establishing a suitably drafted trust and for the provision of trustee services will be quoted on a case-by-case basis. Please contact your nearest Sovereign office for a copy of our trust brochure and/or an exploratory discussion.

Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal or other professional advice. We do not accept any responsibility, legal or otherwise, for any error or omission.

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The home-makersFor Alex and Laura Marr, buying a property

allowed them to finally put down roots in the UAE

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Why did you decide to buy?Alex: We realised that we wanted to stay in Dubai for quite a while, and it was back in 2008 when rent prices were going sky-high. It made more sense to pay into a mortgage, rather than pay out lots of money on rent. We’d been renting for four years, and it felt like a good time to make the shif t. Plus, we wanted to put our mark on a property, to make it home. You just can’t do that with a rented house. We were drawn to The Springs because we wanted to get away from the construction sites – and this property was perfect because of the size and location.

How did you find the mortgage application process?It wasn’t difficult – we already had a relationship with HSBC, so we decided to go to them directly. They were very helpful, and although the process felt quite complicated at times, we were fine. We had a good relationship with the bank – we had an advisor, so there was one point of contact.

Did you have to put down a large deposit?Back in 2008, you hardly had to put anything down, but we paid 20 per cent.

How did you fare through the financial crisis?We bought before it hit, so when everybody started tightening their belts and banks stopped lending, there were a lot of people defaulting. But we carried on making regular payments. When the bank got confidence, we were able to negotiate the rates. So now, we’re in quite a fortunate


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position. The bank was very good with that – all it took was one visit and one email to negotiate, and we learned how easy it is to approach the bank rather than defaulting.

How do you think the UAE mortgage market compares to others?The UAE mortgage market lacks diversity. Most banks are offering the same product – whether that’s Islamic banking, or a more traditional mortgage. There are small variances in the rates and the fees. In other markets, you’ll find a choice of products, whether that’s a five- or ten-year fixed loan, different stepped payments, interest only… but here there isn’t much choice – it ’s just whatever’s there. It seems that the loan-to-value rates are becoming a bit more flexible. During the crisis, 70 per cent was the maximum, but now it ’s more like 80-85 per cent. That will certainly help to put a lot more liquidity back in the market.

What do you think about interest rates in the UAE?They’re eye-watering; they don’t seem to be pegged to the dollar. There’s quite a premium here.

Do you have a mortgage outside the UAE?Yes, we have one in the UK – it ’s an interest-only base-rate tracker,

‘We wanted to put our mark on a property, to make it home. You just can’t do that with a rented house’


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and it works well for us. Flexible mortgages like that just aren’t available here. The process we went through to get it was pretty similar to the process here, but the products are vastly different.

Would you have any advice for people when shopping for a mortgage in the UAE?Look around – there are a number of mortgage brokers and advisors. Make sure they’re independent and not tied to one product. We decided not to go through a broker, but it ’s still important to shop around. There isn’t a lot of choice, but there will be different penalties for cancellation or early repayment, so don’t just look at

the headline interest rates, look at the tariff of fees too.

Are you happy you made the decision to buy?Definitely. When you’re in your own property, you feel so much more at home, and you don’t have to worry about the landlord taking away your deposit. We feel secure because we bought – we didn’t go in to this as an investment; it was always bought as a home to live in. If you’re looking for an investment property, this can be a tricky market. I think there is still too much speculation – in the interest of market stability, we need people to live in the properties that they’re buying.


Green Community Motor City4 BRDubailand

Ref # VI306052

AED 4,500,000

18 Better Mortgages

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50 Great Deals....As the property market hots up again, now’s the time to bag your dream home in the UAE


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Al Muneera

Al Muneera

Al Muneera

Al Muneera

3 BR

2 BR

4 BR

2 BR

Al Raha Beach

Al Raha Beach

Al Raha Beach

Al Raha Beach

Ref # AP309008

Ref # AP307554

Ref # AP308767

Ref # AP229402

AED 2,299,748

AED 1,586,400

AED 2,190,000

AED 1,330,000

For Sale


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Mediterranean Community

Mediterranean Community

Arabic Community

Saadiyat Beach

5 BR

3 BR

2 BR

4 BR

Al Reef

Al Reef

Al Reef

Saadiyat Island

Ref # VI308474

Ref # VI246065

Ref # VI304940

Ref # TH301827

AED 2,025,000

AED 1,350,000

AED 1,050,000

AED 5,950,000

Mangrove Place

1 BR

Al Reem IslandRef # AP227842

AED 650,000

Marina Heights I

3 BR


AED 2,000,000


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Saadiyat Beach

Al Muneera

Arabic Community3 BR

4 BR

4 BRSaadiyat Island

Al Raha Beach

Al ReefRef # TH297196

Ref # VI306009

Ref # VI307677

AED 4,800,000

AED 4,900,000

AED 1,650,000

Sky Tower

2 BR


AED 1,900,000

Mangrove Place

2 BR


AED 999,000

Jumeirah Park3 BRJumeirah Park

Ref # VI314788

AED 3,000,000


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The Lakes - Zulal 3

Saheel Villas

Meadows 9( Meadows Phase 2)

Bungalow

Palmera 2

Gazelle / Al Reem 1

3 BR

5 BR

4 BR

4 BR

2 BR

3 BR

Emirates Living

Arabian Ranches

Emirates Living

Dubai Investment Park

Arabian Ranches

Arabian Ranches

Ref # VI312982

Ref # VI309588

Ref # VI242991

Ref # VI309719

Ref # VI309301

Ref # VI161067

AED 3,500,000

AED 5,350,000

AED 4,400,000

AED 3,550,000

AED 1,970,000

AED 2,299,995


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Taj Grandeur Residences

Cluster - Tower B

Cluster - Tower E

Ocean Heights

2 BR

3 BR

3 BR

1 BR

The Palm Jumeirah

Jumeirah Heights

Jumeirah Heights

Dubai Marina

Ref # AP314759

Ref # AP313020

Ref # AP313022

Ref # AP312802

AED 4,250,000

AED 2,564,573

AED 2,575,173

AED 1,250,000

Laguna TowerStudioJumeirah Lake Towers

Ref # AP312962

AED 700,000 Orra Marina2 BRDubai Marina

Ref # AP312891

AED 2,093,125


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Al Alka 1

The Point

Park Tower B

The Waves Tower A

1 BR

2 BR

3 BR

2 BR

The Greens

Dubai Marina

DIFC

Dubai Marina

Ref # AP309674

Ref # AP309611

Ref # AP309651

Ref # AP309375

AED 868,800

AED 1,450,000

AED 2,950,000

AED 1,500,000

Bonaire1 BRDubai Marina

Ref # AP309264

AED 1,253,000 Claren Tower 11 BRDowntown Dubai

Ref # AP306546

AED 1,500,000


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Al Nabat (B8)1 BRThe Palm Jumeirah

Ref # AP306438

AED 1,750,000

Zanzebeel 41 BRDowntown Dubai

Ref # AP288228

AED 1,900,000

Beauport2 BRDubai Marina

Ref # AP301610

AED 2,000,000

Murjan 2StudioDubai Marina

Ref # AP285360

AED 960,000

DG-Building 1901 BRDiscovery Gardens

Ref # AP219119

AED 445,000 South Ridge 52 BRDowntown Dubai

Ref # AP72790

AED 2,200,000


Issue 3

Better Mortgages 27

Marinascape Avant2 BRDubai Marina

Ref # AP28793

AED 2,200,000

Marina Residence 2 BRDubai Marina

Ref # AP259869

AED 1,465,000

Springs 15 (Springs Phase 1A)3 BREmirates Living

Ref # TH314841

AED 2,630,000

Executive Tower B 1 BRBusiness Bay

Ref # AP307771

AED 1,000,000

Marina Terrace 3 BRDubai Marina

Ref # AP307163

AED 2,300,000 Reehan 72 BRDowntown Dubai

Ref # AP174915

AED 2,251,414


Issue 3

28 Better Mortgages

Mirador Phase 2 The Crescent 6 BR 2 BRArabian Ranches IMPZ

Ref # VI314933 Ref # APM75273

AED 6,700,000 AED 700,000

Palladium1 BRJumeirah Lake Towers

Ref # AP10423

AED 1,000,000


+971 600 52 2212 bhomes.com

List your furnished property with Better Homes Short-term Rentals - find credible tenants and receive competitive returns.

▸ Enjoy the flexibility to change leasing terms or occupy it yourself▸ Increase rental rates seasonally▸ Furnished properties attract more interest from corporate tenants▸ With Dubai being a leading commercial hub, you enjoy loyalty from returning corporate travellers▸ Take advantage of Better Homes Property Management▸ Avoid rental cap laws

With the UAE’s largest database of waiting residential & corporate tenants and dedicated marketing services to expose your property, we help you make the most of your property owning experience.

For more information on our properties and services, call + 971 600 52 2212 or email [email protected]

Vacant space is wasted space.

Landlords: have a furnished property? Start earning returns today!

+971 600 52 2212 bhomes.com

List your furnished property with Better Homes Short-term Rentals - find credible tenants and receive competitive returns.

▸ Enjoy the flexibility to change leasing terms or occupy it yourself▸ Increase rental rates seasonally▸ Furnished properties attract more interest from corporate tenants▸ With Dubai being a leading commercial hub, you enjoy loyalty from returning corporate travellers▸ Take advantage of Better Homes Property Management▸ Avoid rental cap laws

With the UAE’s largest database of waiting residential & corporate tenants and dedicated marketing services to expose your property, we help you make the most of your property owning experience.

For more information on our properties and services, call + 971 600 52 2212 or email [email protected]

Vacant space is wasted space.

Landlords: have a furnished property? Start earning returns today!

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