Dubai Questions
Hi,
To respond to your queries;
1) Residence visas are issued with MOST freehold properties. Obviously if you need the visa make sure that your developer is assuring this. To my knowledge if you buy resale, if you pay under the asking price it doesn't matter. Your Contract of sale of the property entitles you to the visa.
2) Pegging of Dollar!!! This has been a massive debate in the region for the last 2 years. IF they do depeg or revalue then it will not be in the order of 20%. Rumours locally are that it would be 2-3% maximum, for the reasons you mentioned (amongst others).
In my opinion thats why Dubai is a good investment now as you could gain a couple of % if this happens.
But ultimately the honest answer to this one is nobody knows!
3) Dubai's sketchy regulations regarding real estate sales mean that each developer sells his properties with different terminologies.
I have heard the phrases serviced area, carpet area, built up area, saleable area amongst many others. All are different and it needs to be clarified with either the developer or sales agent (usually the sales agent will tell you a lie as they don't know).
But yes the garages terraces etc will be included. Some apartments even divide up the corridor areas and split it between all the units! Ultimately this doesn't appear to matter much in Dubai as noone checks - reason being they are mainly investors who are not really bothered as long as the sales docs state XXsq.ft. If your looking to buy a place to live in though it does matter so check it out.
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