Safa Park

Rate Openshore on our products and services

Openshore has been selling properties in Dubai for almost 8 years. Over the initial period we acted as estate agents, helping buyers purchase off-plan properties direct from developers. During this period we saw the Dubai property boom in off-plan property and then the subsequent crash in 2008. Many lessons have been learnt following the off-plan property issues in 2008 after which we stopped selling off-plan properties all-together. We could no longer rely on third party developers, many of whom let us down and also let our clients down by failure to build and by excessive delays.

The market has been fairly stable over past few years and is now beginning to rise again. Over this period we have focused on selling ready properties where we have total control and where we also provide the after sales management. Thus we are 100% responsible and liable for both the properties and the service levels. Our most popular products have been ready low cost Studio and 1-bed apartments that have been purchased by buyers as purely investment properties.

For other types of ‘own use’ properties and large Villas, we have still helped enquirers and where necessary advised them to deal with other reputable Dubai Estate Agents who specialize in their desired type of properties or locations.

It would be good to get views from visitors and clients on how we can improve our current product offerings and also our service.

Additionally, if you have already purchased from us, particularly over the past few years, and would like to comment on the pre-sales and after-sales service we have provided, please go ahead.

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Financial Centre

‘Ready’ or ‘Off-Plan – Which is better for investors?

Why Some Customers want ‘Off-Plan’ Property

We are frequently asked about ‘off-plan’ or ‘under-construction’ property with good payment plans. Developers promote such properties at high prices but with the attraction of payment plans spread over 2 to 3 years. Currently such properties are typically premium 1-bed units costing over AED 1 million (£180K); or larger even more expensive properties for future own use. Due to the payment plans over 2 to 3 years, the properties seem affordable and good value to investors.

Whilst there are some good off-plan projects being launched, buyers still  need to be careful.

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Meydan Area 2

Dubai Announces NEW City & Worlds Biggest Mall

‘Mohammed Bin Rashid’ City with World’s Biggest Mall

Last week a new city has been announced by Sheikh Mohammed – ruler of Dubai as follows:-

-It is called Mohammed Bin Rashid City

-It is the biggest Dubai project announced since the financial downturn of 2008

-The master developers will be Emaar and State owned ‘Dubai Holdings’

-This massive new city lies between developed areas of Business Bay, Burj & Meydan in the North and  Emirates Road & Dubailand in the south

-The City will be over 5 square kilometres and will include Malls, Parks, golf courses, over 100 hotels and complete Residential Communities

-The main mall will be the biggest mall in the World (much bigger than existing Dubai Malls). It will be called “The Mall of the World

mohammed bin rashid city

 

 

 

 

 

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