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Fractional Ownership

Many complete owners tend only to use their property for 4 to 12 weeks a year, yet they still have to bear the costs attached to 52 weeks’ ownership. Thanks to the imagination and flexibility of local developers from Dubai and Abu Dhabi and the Finest Homes Dubai, properties that would otherwise be sold outright may now be purchased in multiples of Twelfth and Quarter Shares.

 

These two basic schemes offer purchasers the choice of owning their property for consecutive months, or splitting up their months over the year on a fixed or rotating basis. This allows every purchaser to buy the right option according to their needs, so appealing to the retired, families and young couples alike.

 

An annual Management Fee to be paid by the fractional owners covers much of the running costs, such as taxes, insurance, utilities standing charges, administration, periodic external repainting and maintenance of communal areas, while a sinking fund provides for the refurbishment of the interior of the property.

 

Just as with complete ownership, you can feel secure in the knowledge that Finest Homes Dubai experienced Services Department is looking after your home throughout the year. Their task is to make sure that it is maintained in perfect condition, cleaned and prepared ready for the next time you walk through the door.

 

Should your requirements change over time, you have the flexibility to upgrade to another new Finest Homes Dubai property, by carrying your investment forward and exchanging it for a larger fraction, or even complete purchase.

 

Finest Homes Dubai Freehold Owners at certain properties are also entitled to generous discounts on green fees at certain golf courses, as well as beach access via various Hotels in the Jumeirah Beach Residence area.