Arabian Ranches is a private gated community with approximately 4,000 villas. The villas range in size from 2 to 5 bedrooms and are located in 14 distinct neighborhoods in Phase 1 and 9 neighborhoods in Phase 2. This 1,650-acre desert-themed development has an established infrastructure of retail, social, health, educational, and recreational facilities. Arabian Ranches 2 by Emaar Properties has nine communities. Arabian Ranches is a friendly and safe neighbourhood where families feel at ease.
The breathtaking desert-themed development, divided into Arabian Ranches 1 and Arabian Ranches 2, has well-established sub-communities such as Al Mahra, Al Reem, Aseel, Camelia, Reem Community, Samara, and more. The exclusive gated community has an 18-hole championship golf course, two large lakes, 15 full-size tennis courts, 19 half-size basketball courts, and two international-sized polo fields.
It is located on Sheikh Mohammed bin Zayed Road and has easy access to major highways for quick access to anywhere in Dubai. The peaceful residential area is only a 25-minute drive from Dubai International Airport and is close to Global Village, the Dubai Polo & Equestrian Club, the Burj Khalifa, and Downtown Dubai.
Things to Consider While Purchasing Off Plan Properties in Arabian Ranches
Here is the complete process of buying an Off Plan Property in Arabian Ranches Dubai.
1. Locate a property that meets your requirements in terms of size, price, budget, and location. Current sellers are asking for their original asking price or less. Do not be duped into purchasing an overpriced property. The property is still under construction, and no profit is being realized at this time. Single row properties are more expensive than back to back units. Plot sizes for single row properties are typically larger.
2. Inquire about the seller’s payments made toward Emaar’s payment plan. It is critical to understand the seller’s payment status because some sellers are falling behind on payments to the developer and accruing late payment fees.
3. Determine the cash required to purchase the property.
4. An MOU is signed once the price has been agreed upon by the seller and buyer.
5. The buyer and seller visit Emaar’s finance department (Emaar Square building 2). Any pending instalments and late payment fees are paid by the buyer on behalf of the seller (if applicable, and if seller and buyer agree to do that)
6. Once all pending payments have been made, the property is cleared, and the seller applies for NOC online through his Emaar account. Emaar charges 5,000 dhs for a NOC for off-plan properties, seller and buyer must agree who pays this amount.
7. The NOC will be generated within 24 hours and sent to the seller and buyer via email. After receiving the NOC, the buyer and seller can print a copy and proceed to the registration trustee office (DLD representative office authorized for property sale transactions) to complete the property transfer process to the new owner’s name.
Things to Consider While Buying Property Directly from Emaar
- Emaar Properties requires 40 percent of the original property value to be paid to the developer when purchasing property.
- 2. Any late payment penalties must be paid in full before Emaar will approve the sale of their property.
- 3. Each community has a standard payment plan for which the client can inquire about the amount that the original property owner should have paid to date. For example, property owners in the Lila and Rasha communities should have paid 90 percent of the property value to date. Property owners in the Samara community should have paid 80% of the property value by now. The list goes on and on.
- Certain banks offer off-plan financing, subject to special terms and conditions. The majority of current transactions in Arabian Ranches 2 are, however, in cash.
Conclusion: With key features and amenities such as green spaces, play areas, cycleways, bus routes, community pools, walkways, smart fuel station, and lakes, as well as dog-friendly walking options, the gated community allows residents to live an active lifestyle. They also have access to retail and dining options