Investing in distressed properties in Dubai.

Process, documents

sequence and profitability.

Recent property price slowdown left some owners in difficult position. ● Almost 67% of Dubai property is mortgaged.

● Around 2% of this property owners either paying their mortgages irregular or have their cases in court.

● There is no guarantee that when the court puts seized property on the

auction, owners will get at least 60% of the market price. ● So when the time comes owners feel urgent need to secure whatever

money for their property.

Case in point: 2BR apartment in Park Island Blakely,Dubai Marina. Here is ads for similar apartment on 25.12.2014

With the average price around 3M

Step one.Blocking property in Dubai Land Department.

It’s basically says that we blocked the property to buy this out from the ADCB bank.The price? 2M dirhams.

Step 2. Paying to the bank.

Step 3. The bank discharges the mortgage and informs Dubai Land Department.

And developer ...Finally we’ve got the Title Deed

Now the deal is getting finished by the standard algorithm:● No objections letter from the developer

(EMAAR).● Transfer and the new Title Deed.

We have the constant flow of such deals and need capital.

Interested? Call +971554271571