EARNING FOREIGN RENTAL INCOME THROUGH REAL ESTATE INVESTMENT.

Real estate investment is the top choice among smart investors (especially offshore properties) as an alternate investment but this can also be tapped into by an average individual and very few investors utilize the power of Real Estate Investment as a means to create steady and structured cash flow, source of access to regular and legitimate income in foreign currency(especially Nigerians) and an investment which could provide excellent above average rates of returns from 7.5% to 14%.

Take for example, a 4-bedroom townhouse sold for equivalent of about N90m in a world class environment where the economy is stable, where excellently working basic infrastructures and amenities are provided, guaranteed regular rental income without worries because there are laws and that same property can generate stable annual rental income of about $18,000.00 with tendencies to increase.

Now, the fact remains that such an amount might not even buy you a plot of bareland at prime locations in Nigeria such as Ikoyi, Lekki 1, Banana Island Estate etc and even if you're able to get a terrace house for that amount what would be the annual rental income? Can you guarantee regular and prompt payment by the tenant?

It is very evident that the safe, high return and affordable payment options for offshore properties, coupled with the FX issue in Nigeria (resulting in an interest in dollar denominated returns) makes this investment a strong proposition for Nigerian investors.

Dubai has grown at breakneck speed, with whole cityscapes appearing where just a few years ago there was desert. Now there’s a different kind of development with community and relaxation at the heart. A place where the utmost importance is given to public realm and facilities – from lifestyle and entertainment to education and healthcare. A place designed to make residents feel safe and comfortable; a place to raise children and make lifelong friends; a place to call home.

So, if you’re looking into considering offshore property investment, buying a property in Dubai for investment purpose of generating stable foreign income with high return on investment is a sure one. However, you may be torn between buying a new property off plan in Dubai, or a slightly older property, make sure you attend this free upcoming property exhibition by a leading property development company in Dubai coming to Nigeria for property exhibition at Lagos and Abuja Nigeria on November 23rd, 2019 at Eko Hotel & Suites, Victoria Island, Lagos and on 16th November, 2019 at Transcorp Hilton, Abuja to provide you with key benefits as to why buying off plan can be more beneficial in the short and longer term and also furnish you with first hand information about its 1,2,3 and 4-bedroom apartments latest development at the heart of Dubai.

Meanwhile, , let's first briefly look at few benefits of buying off plan property in Dubai:

* First Pick – Greater Choice:
When buying off plan, you get to pick your property first. This means you get the chance to pick the best property. If you wait until construction has finished, only the leftovers may be available and in most cases you will have to buy from secondary market for higher price with limited availability
* Laws protecting investors:
Law No. 8 of 2007 on Escrow Accounts for Real Estate Developments in the Emirate of Dubai. Pursuant to this Law, developers that intend to sell units off-plan in Dubai in a real estate development project must open a separate escrow account for the project with an escrow agent (bank/financial institution) accredited by the Dubai Land Department (DLD). The developer must deposit in a project escrow account all amounts paid by the purchasers of off-plan units and loan payments funded by financiers for the purpose of construction of the real estate development project.

The amounts deposited in the escrow account shall be allocated exclusively for the purposes of construction of the real estate development project and settlement of the project financing payments in accordance with the Law. Project escrow accounts are audited and monitored on a regular basis by the Real Estate Escrow Account Division of the Real Estate Regulatory Agency (RERA), the regulatory arm of the DLD greater financial flexibility that off-plan properties offer.
Another law passed recently stipulates that developers must provide 20% of construction funds as bank guarantee along with the 10% guarantee performance bond by the contractor. Such measures reinforce buyers’ confidence in the off-plan property market, making it a safe climate to invest with certainty that under normal circumstances properties will be delivered.

* The property is still new:
Everyone loves NEW! As a first home buyer you’ll love moving into something brand new while for investors, you will maximise your rental return as an incoming tenant will pay more to live in a new apartment.

* Flexible Payment Plan:
The major advantage of Construction Linked Payment Plan is that buyers are comparatively getting more time in accruing the money for their home. The Payment plan is beneficiary for buyers as they can avoid the worry over any delays in possession off plan in Dubai.

* Financial Benefits:
One of the most obvious perks of investing in off plan property is that these not-yet-constructed projects are offered at significantly lower prices.Again a huge draw with off-plan in dubai is not only that you are buying it at a discount to current market value but also that when it is delivered it will be worth even more, and here is where the timing matters and professional approach highly recommended. Please feel free to contact us to get free professional advice on your individual requirements.

* Lock in a Price:
When you buy an off plan in Dubai, you lock in price and if the property market grows in value, and your property goes up in value, you don’t have to pay any more. We have many clients that pay X and by the time they settle, their property has gone up significantly! This is very powerful as this capital growth allows you to buy another property and continue to build your property portfolio.

* Conducive & Investors friendly environment:
Dubai remains an attractive proposition for domestic and international investors alike with globally high rental yields and relatively low prices per square foot. Dubai itself continues to attract hard-working and entrepreneurial people from across the world and the marketplace is maturing as more people choose to settle and raise families in the UAE.

There is much to be positive about regarding the future of the Dubai property market and the off-plan sector will continue to play a big role in such market. Therefore, now is the right right time for you to buy into Dubai property for the reasons that:

a. A general boost in the economy is expected within this year and in 2020 because of government and semi government sector spending as EXPO 2020 nears.

b. Momentum in property market will be further enhanced by a visible Chinese community purchasing more and more properties in Dubai and this trend is expected to continue and explode post the scheduled visit of the Chinese President to UAE and the announcement of the biggest China Town in the region.

c. It makes more and more economic and social sense for expats living in other Emirates to move to Dubai due to price affordability and better built communities.

d. The overall improvement in Real Estate regulations and the added lure of long term visas along with the initiatives of holiday homes and time share policies is already providing renewed interest amongst regional and overseas Investors and we already see that as most of these new off plan launches keep selling out in very short time spans.
Given the above reasons, such pricing and payment plans provide the best window of opportunity for you to invest in Dubai.

In conclusion, if you wish to invest in Dubai properties and would love to attend the free exhibition planned to hold at Lagos and Abuja Nigeria on November 23, 2019 and November 16, 2019. Kindly comment with your name and phone contact for seat reservation or send message by whatsapp to +2348032296562 or +2348117949689 and further details about the free presentation shall be sent to you and seat(s) reserved for you.

Thank you & God bless.