- Far-reaching property management solutions.
- Offering complete range of real estate services.
- Numerous options for properties all over the UAE.
- An experienced and skilled team that can help you find the finest property in the UAE.
- One-stop solution for the property owners and investors, serving optimum solutions
- Group of companies holding a diverse experience in the Real Estate industry since 2008.
- Financial consultants. We offer mortgage services and are in partnership with various banks in the UAE.
About us
Consisting of a dedicated and experienced real estate team, Island Falcon Group thrives on a client-centric culture, and has since become a trusted real estate company and a leading voice in the region. With a group of accomplished professionals, and 10+ years of selling experience, we are ready to help those looking to rent and lease residential and commercial properties in the UAE. It’s what we do best.
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Why Island Falcon Real Estate?
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We take pride in assisting our diverse clientele in owning and renting residential and commercial properties across the UAE. Our highly-experienced team is well versed in all aspects of real estate transactions, from initial design to completion and beyond. Below are a few of our most exemplary projects in the UAE.
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News & Blog
Island Falcon Real Estate Shines at Bayut and Dubizzle Stronger Together Awards 2022 – Takes Home Two Trophies!
Island Falcon Real Estate has once again distinguished itself in the real estate sector, taking third place in the heavily competitive “Agency of the Year” category at the Bayut & Dubizzle
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FAQs
We have answered a few questions that arise frequently in the minds of our existing as well as potential clients. Furthermore, if you have a query that has not been answered below, please feel free to give us a call on (CONTACT). Our team will be delighted to assist you.
According to Mercer’s 2021 Cost of Living Survey, the Emirate ranks 42, so it is more affordable than San Francisco, London, or Paris. One of the major factors that determine how expensive UAE will be to live in is the area you choose to live in.
Property options in Dubai can fit any budget, thanks to an array of options available. Based on H1 2021 statistics, Dubai International City, Jumeirah Lake Towers, Jumeirah Village Circle, International City, and Dubai Sports City were the most affordable communities.
An average ROI of 6.5% is achieved by these areas with a price-per-square-foot of AED 447-870 (USD 121-236). With first mortgages in the UAE, the LTV ratio is 75% for properties with a value above than AED 5M (USD 1.36M), and its 85% on properties less than USD $1.36M. For those with a lower budget, taking out a loan is a great option. A buyer might also choose a post-handover payment plan where he or she pays about 40-50% of the property value during construction and the rest after the property is delivered.
UAE’s investment property market offers higher rental yields than those of many mature markets. Due to significantly lower property prices per square foot than in London, Hong Kong or Paris, the average ROI here ranges between 5% and 9%.
A qualified real estate agent can make selling property in Dubai a much easier process. If you have found a specialist, you must sign a document (Form ‘A’) authorizing an agent to handle brokerage and marketing on your behalf. When the form is submitted to the Dubai Land Department’s Trakheesi system for approval, your property will begin to be advertised online and offline.
Once you have found a buyer, you will have to sign a Memorandum of Understanding, a legally binding contract. It can take 5-7 days for the developer to issue an NOC letter, which is another key document during the selling process.
As part of the final step of completing the sale, the following documents are required: MOU, NOC, copy of title deed, check to the seller, 4% DLD fee, original passport copy, and Emirates ID.
Residents of Dubai are allowed to buy property only in designated freehold areas. Off-plan developments offer lower prices and flexible payment plans, which make them a very attractive option. You can also obtain a mortgage if your Dubai investment property is valued under 5 million AED (USD 1.3 million), and a 70% loan if it exceeds 5 million AED (USD 1.3 million).
The Emirate is especially known for its villas, which are most popular among expats moving to the Emirate with their families. Villas come with a study/flexi-room, large green spaces, and a number of amenities. Among the most popular destinations among HNWIs is Dubai Marina and Palm Jumeirah. These areas are also home to ultra-luxury real estate.
Properties that are on the off-plan market are those whose construction has not yet begun or is in its preliminary stages.
Having a freehold property means that the buyer of the property will have his name on the title deed. On the other hand, leasehold properties are those that are leased for a period of more than 10 years, but not exceeding 99 years. It cannot be purchased in its entirety.
Ejari is Arabic for ‘my rent’. The registration of your tenancy contract is mandatory. Ejari was designed to make Dubai’s rental market one of the most transparent in the world and was developed by the Real Estate Regulatory Agency (RERA).
In order to obtain an Ejari, usually the tenant or the real estate agent handles the entire process and associated fees. IFRE, can assist you in obtaining Ejari. Alternatively, you can register online for Ejari by submitting all the required documents at one of the 70 typing centres.
To list a property with Island Falcon Real Estate, you will need the following documents:
Leasing: –
1. Documentation such as title deeds, Oqood, or sales purchase agreements (SPA)
2. Filled Listing Sheet
3. Passport copy of the owner along with his signature.
4. Signed leasing form by the owner
5. Passport copy with signature of Power of Attorney and POA (if applicable)
Sale: –
1. Filled Listing Sheet
2. Documentation such as title deeds, Oqood, or sales purchase agreements (SPA)
3. Form A signed by the Owner
4. Passport copy of the owner along with his signature.
5. Passport copy with signature of Power of Attorney and POA (if applicable) For more details, call us on +971 24442123
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