WNBA Golden State has proudly announced the appointment of Ghanaian-American Ohemaa Nyanin as its new general manager, effective next week. (more…)

No doubt the real estate market in Dubai is unstoppable. Looking for the perfect apartment in this vibrant city has become increasingly competitive and complex. 

With a myriad of choices available, including luxury high-rise developments, waterfront resort-style properties, and suburban communities, finding the ideal apartment requires careful thinking of several factors that come into play: the right location, amenities, allocated budget, and future market trends. 

Here, we explore the essential steps and strategies for finding ideal apartments for sale in Dubai.

Get to know Dubai’s Real Estate market

Before embarking on the search, try to gain a comprehensive understanding of the real estate market in the city. Dubai’s real estate sector is highly saturated and known for its dynamic nature, with diverse offerings catering to various preferences and lifestyles. 

The evolving market is influenced by aspects such as economic growth, government policies, and global trends, all of which may impact property prices, demand, and supply.

One of the key considerations when navigating the market trends and reports is the concept of freehold ownership, which allows expats and foreign investors to own property in designated areas of the city. Understanding the magnitude of freehold ownership and leasehold and off-plan properties is just as important. 

Round off your best preferences and needs

The quest for the perfect apartment begins with a clear map of your preferences, lifestyle, and needs. Taking into account the desired location, property size, amenities, public transport, and budget will serve as the foundation for your search. Dubai offers diverse residential options, from urban high-rises in the heart of the city to tranquil suburban communities. 

Researching neighbourhoods and property developments

Renowned for its diverse array of neighbourhoods and developments, Dubai offers a unique living experience. Conducting thorough research on different areas and projects will help you narrow down your search and focus on locations that align with your lifestyle. 

You can explore upscale communities like Dubai Marina, Downtown Dubai, Jumeirah Beach Residence (JBR), and Palm Jumeirah area, known for their waterfront living, fancy amenities, family-centric and vibrant atmospheres. 

Consider upcoming developments and emerging areas that may present promising investment opportunities or desirable living spaces. Dubai South, Dubai Creek Harbour, and Mohammed Bin Rashid City are witnessing rapid growth and are set to redefine the city’s residential landscape in the coming years.

Reaching out to Real Estate professionals and agents

Navigating the Dubai real estate market can be complex, especially for those who are unfamiliar with the local scene. So, engaging with reputable real estate professionals, such as licensed agents and property consultants, can greatly help with your search. 

Real estate professionals have expert knowledge of the market, negotiating deals, navigating legal procedures, and access to a wide property portfolio. When seeking the assistance of a real estate agent, make sure they are registered with the Dubai Land Department (DLD) and stick to professional standards and ethics. 

Assessing property amenities and facilities

When evaluating potential apartments try to assess the amenities and facilities offered within the development. Modern residential complexes usually come with an extensive list of amenities, ranging from state-of-the-art fitness centers and swimming pools, and fast-moving elevators to landscaped gardens, children’s play areas, and recreational spaces for social gatherings. 

Also, take note of the quality of facilities; the design and maintenance of common areas, the availability of parking spaces, and the overall ambiance whether it is safe. 

Evaluating investment potential and future growth

Buying an apartment in Dubai comes down to two things: residential investment and a financial opportunity. So, gauging the investment potential and future growth prospects of a property is imperative during the decision-making process, especially if you consider long-term ownership or rental income.

Make sure to keep an eye on the development plans and infrastructure projects in the vicinity, and the overall growth rotation of the neighbourhood or district. By conducting an investment landscape analysis, an informed decision can be made. 

Navigating through the legal paperwork and financial considerations

The process of purchasing an apartment involves a series of legal and financial estimations that mandate due diligence and attention. In Dubai, property transactions are generally regulated by the Dubai Land Department (DLD), which oversees the registration of real estate transactions, the issuance of title deeds, and property laws and regulations. 

Familiarize yourself with the legal procedures involved in property purchase, including property title verification, sales agreement completion, and the payment of transfer fees and taxes. You can get in touch with financial institutions and mortgage advisors to explore financing options, interest rates, and repayment terms that align with your financial capacity.

Conducting property viewings and inspections

After shortlisting potential apartments take the time to conduct property viewings and inspections to properly assess the actual suitability of the units. Schedule viewings with real estate agents to gain firsthand experience of the apartment, its layout, and the surrounding environment.

Pay attention to the quality of finishes, the functionality of fixtures and appliances, and the overall maintenance of the unit. Assess factors such as natural lighting, ventilation, views from the apartment, noise levels, and privacy within the building.

Negotiating purchase pay of your preferred apartment

Now is the time to make an informed decision and proceed with the purchase process. Take a final look at the overall value proposition of the property, its alignment with your preferences and lifestyle, and the potential for future appreciation and returns. 

Seek to strike a balance between your budgetary constraints and the perceived property value, along with benefits or incentives that are included in the deal.

Finalizing the purchase and property transfer

The next step is completing the necessary legal and financial procedures to fully transfer ownership of the property. This process can involve preparing and signing the sales contract, the payment of the purchase price, and the property registration with the Dubai Land Department. 

Reach out to legal advisors or conveyancing professionals to assist you with the contract review and if it adheres to local regulations. After that,  the keys to your new home will be handed over.

Final Thoughts

Buying an apartment in Dubai is a multi-faceted journey that demands thorough research, careful consideration, and informed decision-making. Whether it is a luxurious waterfront residence, a contemporary urban abode, or a serene suburban retreat you’re looking for, Dubai offers a diverse range of options to cater to your aspirations and lifestyle. 

Antoinette Kwofie, Chief Finance Officer of MTN Ghana, has been recognized as one of the Top 50 Women of Impact Honourees by Evoke Impact. This award celebrates outstanding women who have made significant contributions to their industries and communities through their consistent dedication to work. It also honours women who have broken barriers in non-traditional roles and are paving the way for future generations of female leaders.

The citation presented to Antoinette reads—”It is with great honor and admiration that Evoke Impact recognizes you as one of the Outstanding Woman of Impact 2024, celebrating your outstanding achievements and transformative leadership in the field of finance.

As an Executive Director and Chief Finance Officer of MTN Ghana, you have shattered barriers and set new standards of excellence in the industry. Your visionary leadership, strategic acumen, and unwavering commitment to driving financial innovation have not only propelled MTN Ghana to new heights but have also inspired countless individuals in Ghana and beyond.

Your passion for excellence, coupled with your tireless advocacy for women’s empowerment, has earned you numerous accolades and recognition, including CFO of the Year, Woman CFO of the Year, and Finance Personality of the Year. Your impact extends far beyond the boardroom, as you continue to mentor and empower the next generation of female leaders”.

Antoinette expressed her appreciation to the organizers for recognizing her with the Women of Impact award. She promised to continue to support and mentor young women to help them advance in their professional careers. The award ceremony was hosted by Evoke Impact and was attended by prominent individuals, dignitaries, and change-makers in Ghana.

The anticipation is palpable as the 10th edition of the Africa Magic Viewers’ Choice Awards, scheduled for 11 May 2024, in Lagos approaches. Viewers are invited to witness the splendour of this prestigious event, broadcasting live on Africa Magic from 3pm on DStv and GOtv.

Reflecting the rich diversity and innovation of African cinema and television, this year’s awards promise some thrilling adjustments with the introduction of exciting new categories such as Best Actor and Best Actress in leading or supporting roles. With a total of 27 categories, including 16 non-voting and 9 audience voting categories, along with two esteemed recognition awards the Lifetime Achievement and Trailblazer Awards – there’s ample opportunity to honour exceptional African talent.

Kicking off the festivities with a prime view of the red carpet hosted by celebrity personalities Toke Makinwa and Uti Nwachukwu viewers can watch the continent’s biggest stars strut their stuff in dazzling creations from some of Africa’s most talented fashion designers from 3pm before settling into the prestigious awards at 6pm.

The main award will be hosted by renowned television host and current host of Nigerian Idols IK Osakioduwa and will feature musical performances from Nigeria’s popular performers Seyi Sodimu, Shaffy Bello, Adekunle Gold, KCee, Chike and Congolese soukous singer Awilo Logomba throughout the awards ceremony.

Save the date for this Saturday, 11 May, and tune in for the live broadcast across all Africa Magic Channels on DStv and GOtv. Don’t miss this remarkable celebration of African creativity and achievement!

Keep your DStv subscription activated to ensure you don’t miss the star-studded event! To upgrade, reconnect or manage your subscription download the MyDStv app on your mobile app store or visit www.dstv.com to join in on the excitement and manage your account. You can also catch all the action while on the move. Stream all content on the DStv Stream app by downloading it from the app store. 

Hollard Ghana, the country’s favourite insurer, has honoured Richard Della Strauss-Ashiaby, the valedictorian from the University of Media, Arts and Communication-IJ (UniMAC-IJ), with the Hollard Prize during the 2nd Congregation held in Accra.

To commemorate this remarkable achievement, Roswitha Adjoa Amoako, Head of Group Business at Hollard Life, presented Richard with the Hollard Prize, including a laptop, a citation, and a cash prize during the ceremony.

Speaking after the event, Cynthia Ofori-Dwumfuo, Group Head of Marketing and Corporate Affairs, commended Richard on his notable feat.

“We are thrilled to join in celebrating Richard Della Strauss-Ashiaby on his well-deserved award as the overall best-graduating student from the University of Media, Arts and Communications-IJ. At Hollard, we believe in the power of education to transform lives and shape the future. By supporting talented individuals like Richard, we are investing in the next generation of leaders who will drive positive change in our society, thus enabling better futures”, she stated.

Commenting on the award, the recipient, Richard, expressed his deep gratitude, saying, “I am truly humbled about this award, not only for the just-ended ceremony but also for the long-term partnership between Hollard and UNIMAC-IJ. I hope this award will inspire students to strive for excellence and positively impact their fields. Thank you, Hollard Ghana, for this incredible opportunity”.

Since its inception in 2022, the Hollard X Academia program has significantly improved the lives of numerous students and fostered a culture of excellence and innovation. This comprehensive initiative, which includes the Hollard Prize, Scholar Programme, Streetwise Finance engagement sessions, and Corporate Experience, is a testament to our commitment to investing in the next generation of leaders. 

Anatasia Nana Aba Acquah, Gwendy Tetteh, Joshua Seidu Adams, and Sandra Kumah are some of the past beneficiaries of the Hollard Prize since its inception.

The country’s favourite insurance group is Hollard Ghana, with subsidiaries Hollard Insurance and Hollard Life Assurance. The group combines its deep local knowledge of the market, having previously operated in Ghana for 25 years as Metropolitan Insurance, with the world-class expertise of an international insurance brand in 18 countries worldwide. With feet firmly planted on Ghanaian soil but headquartered in South Africa, Hollard delivers innovative insurance solutions customised to the unique risks Ghanaians face. Hollard offers various life and general insurance products, including funeral, personal accident, motor, business, travel, home, and more, and can be reached via 0307000599. Beyond various nationwide office branches and Hollard 2U franchise shops, Ghanaians can find Hollard at Shell Fuel Station Welcome Shops, Melcom stores and online at www.hollard.com.gh, www.melcom.com/hollard-insurance and www.jumia.com.gh for all their insurance needs.