According to projections, investors can expect a 20% return in USD by flipping properties in Dubai. Many undervalued properties are waiting to be bought, and there is a simultaneous high demand for luxury properties, making Dubai the best city for flipping properties.
Apart from skipping market fluctuations during short-term ownership, flipping properties from the secondary market avoids the hassle of construction delays.
Property flipping is a particularly attractive investment opportunity for overseas investors because:
Foreigners can legally buy, sell, and let properties in Dubai untethered by legal complications, property taxes, or stamp duties.
The UAE boasts one of the highest returns on investment globally.
To flip properties, you need to identify distressed or undervalued properties, navigate legal hassles, remodel the property, and understand the intricacies of a payment plan. We are committed to helping our clients through the entire process, from picking the perfect property to finally reselling it. Our team has one goal: to maximize your profits. We have a record of flipping properties and reaping significant yields in Dubai's prime locations, such as Dubai Marina, JBR, Palm Jumeirah, and MBR City. Over the last decade, we have:
Purchase Price: AED 33 million
DLD Fee (4% of 33 million): AED 1.32 million
Broker Fees (2 %): AED 0.66 million
Renovation Cost: AED 13.00 million
NOC Fee: AED 1 million
Total Investment:
AED 33 million + AED 1.32 million + AED 14.00 million = AED 48.32 million - 32.71% NET within 14 months
Returns:
ROI = AED 65 million - AED 48.32 million = AED 16.68 million (NET) ROI ≈ 32.71%
Resell Value:
AED 65,000,000