Dear Gill,
Managing Partner MASTERPIECE PROPERTIES
We look forward to having you as our client and part of the MASTERPIECE family.
We prioritize building a long-term relationship with each client.Your comfort and value are important to us.
Our managing partner, Kir Tkachuk, maintains communication with all clients.
ceo@masterpiece.realestate
Kir Tkachuk
MASTERPIECE PROPERTIES
Investment proposal
Investment proposal
MASTERPIECE
— is the only investment real estate agency in Dubai that has its own management company and guarantees investment profitability.
PROPERTIES
Part of the Masterpiece Group of companies.
about
of experience in the Dubai market
13 years
the average annual passive income of our client
$270K / 9.04%
Our team of experts uses a unique technology to select profitable investment properties that meet all client preferences.
Watch the video from the founder of the company,
Alexey Miroshnichenko
Alexey Miroshnichenko
Over 50 major investors have already entrusted us with their capital. For many years, we have acquired and managed their real estate, providing them with a stable monthly income.
Read Article ➦
Our clients gain access to the 0.001% most liquid and reliable Real Estate in Dubai.
Choosing the right object is 99% of success!
Why do we make the right choice when choosing apartments?
// 01
We sell 0.001% of all offers, selecting only the very best properties, unlike our colleagues who sell what is currently most popular and where the highest commission is.
// 02
We are selecting an apartment that will be as comfortable as possible for you and your loved ones, because when you come to Dubai, you will be able to stay in it.
// 03
Our product department, led by the company's founder Alexey, who has over 13 years of experience in the Dubai market and an impeccable reputation, is responsible for selecting properties.
// 04
Thanks to close connections, we receive insider information before 99% of the market finds out about it.
Author's technology
by Alexey Miroshnichenko
by Alexey Miroshnichenko
for selecting the most liquid assets, based
on 13 years of experience:
on 13 years of experience:
// 01. Selecting a district:
When investing in rental property, we recognize the importance of achieving stable passive income.
Therefore, we focus on districts with the least price volatility, based on market data gathered over several years.
Key factors we consider when selecting districts:
Therefore, we focus on districts with the least price volatility, based on market data gathered over several years.
Key factors we consider when selecting districts:
- Real estate price fluctuation within +-5%
- Long-term growth trend in the district
- Well-developed infrastructure
- Rental property price growth index to ensure the district is desirable and maintains high occupancy rates. Some districts might have high rental costs, but their proportional occupancy could be lower.
The rental real estate market is divided into classes: «A», «B», «C» and «D».
«A» class
Premium, top-tier real estate.
«B» class
Good real estate, but not considered premium.
«C» class
Residential areas where ordinary people live, sleep, work, and study.
«D» class
Areas where you can be killed.
There is no "D" class in the Emirates. This is because people are immediately deported for violations. And if a person doesn’t have the money to pay for rent - no one will help you, no one will give you social housing, no one will give you benefits and you just go home.
When a crisis occurs, "A" shifts to "B", "B" to "C", "C" - leaves the country.
Therefore, we initially target the "C" class, which is the most in demand. It is in demand now and will be in demand. And as the market grows, people will come, settle in, and during a crisis, people will move.
That is, for us, high-quality residential areas bring 90% occupancy, thanks to this logic.
When a crisis occurs, "A" shifts to "B", "B" to "C", "C" - leaves the country.
Therefore, we initially target the "C" class, which is the most in demand. It is in demand now and will be in demand. And as the market grows, people will come, settle in, and during a crisis, people will move.
That is, for us, high-quality residential areas bring 90% occupancy, thanks to this logic.
In which areas we recommend buying apartments:
- Jumeirah Village Circle
- Arjan
- Al Furjan
- Dubai Sports City
- Dubai Marina
- Downtown
- Business Bay
- Dubai Creek Harbour
- Discovery Gardens
// 02. HOW TO CHOOSE PROPERTIES?
We calculate the ROI of the apartment. For this, we look at the selling price of the apartment, we look at the highest rental price of the apartment. Then the rental cost minus property taxes, management, all expenses divided by the cost of the apartment. If we get there above 8%, this is the property that suits us.
Choosing a house:
Choosing an Apartment:
For secondary real estate, developers do not have much influence.
- Buildings no older than 5 years
- Good appearance, smell in the building
- Clean pools, parking lots
- Quality of construction
- Presence of a gym, pool, playground, SPA
- We analyze property tax and service fee
- We analyze the management company that sits at the reception
Choosing an Apartment:
- It's better to take a 1 bedroom than a studio
- The furniture and appliances were in good condition
- Nice view from the window
For secondary real estate, developers do not have much influence.
Our management company prefers
short-term rentals (monthly).
short-term rentals (monthly).
Why short-term rental instead of long-term (annual) rental:
- Security— if a person suddenly stops paying rent in a long-term contract, you do not have the right to evict them. You can only sue them for a year just to enter your own apartment. We try to find people who have employment contracts, have been in the country for a long time, have family values, and so on. But no one is immune from losing their job and not having anywhere else to go, and they may act improperly by not moving out or paying rent.
- Condition of the apartment— if we rent it weekly or monthly, we can more frequently check for any damages and deduct it from the deposit. In an annual rental, the tenant leaves a 10% deposit based on the rental price, but sometimes the apartment can be more damaged and in worse condition than if regular checks are done in short-term rentals.
- Lease termIf the rent increases, we are not allowed to increase it for the client in a long-term rental scenario. The cost may increase by 15% in the market, but we only have the right to increase it by 5%. However, in short-term rentals, we can charge according to the market price.
- Security— if a person suddenly stops paying rent in a long-term contract, you do not have the right to evict them. You can only sue them for a year just to enter your own apartment. We try to find people who have employment contracts, have been in the country for a long time, have family values, and so on. But no one is immune from losing their job and not having anywhere else to go, and they may act improperly by not moving out or paying rent.
- Condition of the apartment— if we rent it weekly or monthly, we can more frequently check for any damages and deduct it from the deposit. In an annual rental, the tenant leaves a 10% deposit based on the rental price, but sometimes the apartment can be more damaged and in worse condition than if regular checks are done in short-term rentals.
- Lease termIf the rent increases, we are not allowed to increase it for the client in a long-term rental scenario. The cost may increase by 15% in the market, but we only have the right to increase it by 5%. However, in short-term rentals, we can charge according to the market price.
Available until November 30, 2023
Selected investment properties from the entire market with a return of 9% per annum.
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