Invest in DUBAI - UAE

BEYOND THE STANDARD IN REAL ESTATE SERVICES

GENERAL COMMERCIAL REGISTRY: 155585101000

Member of Athens Realtors Association: Reg. Number 8177
Member of Athens Chamber of Commerce and Industry : Reg. Number 328053

Web: www.epsilonteam.gr - E-mail: ee@epsilonteam.gr - 61A Filikis Eterias street – 15232 – Athens – Greece – T: +302107212284 – M: +306948101284
 Invest in Dubai,
in the investors’ paradise on earth,
through secure processes
guaranteed by
Epsilon Team Real Estate
and TTZ GROUP.
 TTZ Group is a company established in 2021 by the Architects Despoina Tampakopoulou
and Sotirios Tsoulos, having 25 years of experience in International Architectural Design,
Construction, and Project Management of significant projects, have been active in the
Emirates for the past 11 years.

TTZ comprises a team of 22 talented architects, housed in proprietary facilities in Dubai, and
operates internationally with major clients in the Emirates, Saudi Arabia, Egypt, Qatar,
Bahrain, Greece, the Balkans, and beyond.

The vast experience and flexibility of TTZ have resulted in its clients being the largest
international developers and powerful brands, who have entrusted our company to cover
architecturally the most demanding projects in both complexity and delivery times.

In 2024, TTZ continues its upward trajectory by expanding its partnerships in the real estate
sector and in renovations for potential investments of our clients in the Middle East. With
deep knowledge of the local market, we provide consulting services covering both technical
International property assessment and investment as a whole. We have already overseen real estate
investments as exclusive consultants for major international companies.
Architectural practice
and Project Management TTZ's services include:
company established in
Masterplanning – Urban Planning and Design
2021 in UAE Architecture – Architectural projects of all sizes and types
Interior and Retail Design – Interior space design
Construction Management – Construction supervision
Project Management – Project management
Lead Design Services – Design and Project Supervision as lead
Real Estate Advisory – Sales consultants, construction inspection.

If you would like detailed information about our projects, please request
our Capability Statement for the period 2021-2024.
 Epsilon Team Real Estate was founded in 2010 by Evita Eleftheroudaki, with studies in Public
Relations and Marketing at Deree College, journalist with 22 years of experience and Esmeralda
Papagiannopoulou, a landscape architect.
Today, Epsilon Team has 12 associates, licensed brokers, and operates in prime locations in Attica,
specifically in areas such as Voula, Glyfada, Vouliagmeni, Kolonaki, Anaktora, Acropolis, Koukaki,
Megaro Moussikis, Plateia Mavili, Paleo Psychiko, Filothei, Neo Psychiko, Papagou, Maroussi, Agia
Paraskevi, Kifisia, and Ekali.

Additionally, it deals with the sale of coastal properties throughout Greece and hotels in selected
tourist destinations.

In addition to brokerage services (sales and rentals), the company also prepares documented
appraisals according to the European valuation standards of TEGOVA (The European Group of
Valuers) for all types of properties, purposes, and using any method. The office's team includes
experienced and certified appraisers as well as appraisers from the Ministry of Finance.
Real Estate and
All clients of Epsilon Team are supported, if desired, in legal matters by the specialized law firm P.
appraiser's company Liartis-S. Nikiforakis & Associates, which specializes in real estate transactions.
Established in 2010 in
Athens Greece. Furthermore, it has a permanent collaboration with the Architecture and design company
Lib Concept based in Switzerland and Greece, which specializes in hotel units worldwide as well
as luxury villas within and outside Attica.

The latest and noteworthy collaboration of the company is with the TTZ Group for real estate
transactions in Dubai. "We did not choose to collaborate with just a real estate agency or a
developer. We chose a company with Greek partners of proven value, trusted by the government of
Dubai and all the builders of the Emirate.”

Read the interview with our partners in Proto Thema:

https://www.protothema.gr/economy/article/1493989/i-ellinida-pou-htizei-to-doubai-speudoun-
gia-agores-polutelon-katoikion-horis-pothen-eshes/
Why Invest in Dubai: An Opportunity with Global Impact

Welcome to Dubai, a city that combines luxury with innovation and offers exceptional
investment opportunities.
In the world of real estate, Dubai stands out as one of the most attractive and secure
destinations for investors worldwide. Epsilon Team Real Estate, based in Athens and in
exclusive collaboration with the architectural / consulting firm TTZ GROUP in Dubai, the
company whose members have designed and supervised the construction of the Dubai
Opera, the Presidential Palace in Abu Dhabi that houses the country's parliament, and
other very significant projects, presents the main reasons to invest in this unique market:

Low Taxation: One of the most appealing factors for investing in Dubai is the extremely low
tax burden. In Dubai, there is no personal income tax, inheritance tax, or other common
property taxes found in other countries.

High Returns on Investments: Dubai offers one of the most competitive real estate
markets with consistently high returns on rentals and developmental opportunities,
surpassing the global average.

Safety and Stability: Dubai's legal and economic framework provides a secure and stable
platform for investments. The stability of the emirate, combined with its strong local
economy, guarantees the preservation and growth of your investment capital.

International Appeal: With its unparalleled lifestyle, world-class infrastructure, and

multicultural community, Dubai attracts entrepreneurs, professionals, and tourists from
around the world, offering unique opportunities for networking and global exposure.

Growing Economy: Continuous investments in infrastructure and the promotion of new

technologies make Dubai a place of growth and innovation. The continuous development
and expansion of business sectors offer constantly new investment opportunities.

Relaxed Banking Treatment: In Dubai, banks accept your money without scrutiny, even if
it's in cash. This is evidenced by the multiple investments made by Russians after the war in
Ukraine.

At Epsilon Team Real Estate, we recognize the unique opportunities offered by Dubai and
we are here to guide you at every step, from finding the ideal property to completing the
transaction with absolute security.
The Process of Buying and Selling

It is understandable that investing in the international real estate market can seem daunting, governed by unfamiliar laws,
which can initially be discouraging.

However, the buying and selling processes in Dubai are very clear and specific, and we are here to clarify any doubts and
recommend cooperation with the trusted entities in the Emirates market.

The seller and the buyer agree on the purchase price.

Then the so-called Memorandum of Understanding (MOU) is signed, which serves as a preliminary agreement, and a deposit is
usually paid, typically 10% of the property value.

The parties meet at the developer's offices or the lawyer's office if the property comes from a private individual, to apply for a No
Objection Certificate (NOC) for the transaction.

The developer issues an NOC stating that there is no objection to the transaction and that all debts to the developer, such as
service charges (common charges owed to the building or community or developer and vary depending on the developer), are
settled.
Once the NOC is issued, the parties can proceed to the Dubai Land Department to transfer the property.

The Dubai Land Department will confirm that the seller is paid the agreed amount with a manager's cheque issued by the bank
with the purchase date.
When these formalities are completed, a new title deed is issued in the buyer's name.
The entire process, from the day you choose the property and agree on the price with the seller, to the day you acquire the title
deed, does not exceed 3 days.

* The price negotiation margins, given the enormous demand, are minimal and never by developers. We can negotiate
prices slightly only with private sellers and used properties.
How Much Does Buying Property in Dubai Cost?
Are you planning to invest in real estate in Dubai? It's good to know in advance
the costs involved in such an investment. Let's look at the basic costs in detail:

Brokerage Fee: The buyer incurs a fee of around 2% of the property value, plus
an additional 5% VAT. In Dubai, property owners do not pay brokerage fees.

Registration Fee or Transfer Fee: This is a charge amounting to 4% of the

property value and is paid to the Dubai Land Department.

Lawyer's Fee: This fee may vary, but it's usually safe to estimate around 1% of
the property value, plus 5% VAT.

Title Deed Issuance Fee: This includes a small charge covering the processing
and issuance of the title and depends on the property's value.

Additional Expenses in a Complex: If the purchase includes a property within

a complex, there may be additional expenses for security and property
maintenance.

Understanding these expenses is crucial before making any investment move.

By investing in Dubai, you secure not only a property in one of the most
dynamically growing markets globally but also the opportunity to enjoy the
benefits of a safe and stable investment. In Dubai, there are no property taxes,
incorrect square footage, ENFIA (Greek property tax), TAP (Greek property
registration tax), etc. The buying process is a matter of a few hours.

Additional costs necessary for the completion of the transaction safely and
sustainably are provided to you by TTZgroup in cooperation with Epsilon Team
Real Estate.
 Property Financing Procedure
• When it comes to financing property purchases in the
international market, one of the major challenges is the high
cost of money transfers through banks and currency exchange
rates.

• The existence of companies that handle money transfers and

provide more favorable terms for real estate transactions
abroad is the most appropriate solution to this problem,
provided that one has first opened a bank account in the UAE.

• The advantages of using so-called money transfer companies

are manifold, as their flexible schemes and low operational
costs allow them to offer better terms for money transfers and
currency conversion.
• There are many companies providing these services; however,
when choosing, reliability should always be evaluated. With a
simple internet search, one can locate them and become
informed about their specific terms and desired method of
transfer.

• In some cases, instant transfers are available, but usually, it

takes 2 to 3 days, and fees vary depending on the transfer
amount, method, and the company's policies.

• There are search engines that can do the comparisons for you,
but our advice is always to check the historical performance of
each company.
This is the only aspect of the transaction that our
companies do not handle, but we can offer advisory
services given that many of our clients have transferred
money, and we have empirical knowledge.
 What do we offer you
1. Property Portfolio Establishment, Selection, and Evaluation 3. Calculation of Total Investment Cost
This service is offered to you by the collaboration of TTZ Group with Before proceeding with the property purchase, we will prepare a
Epsilon Team Real Estate, and the cost ranges from 1 to 3% of the net detailed report of the additional costs of the transaction. Since you
property value. The more expensive the property, the lower our fee is may not proceed with the purchase, this report has a one-time cost of
for the creation of the folder, selection, and written evaluation. €1,500 and is payable before its creation. If you proceed with the
We conduct research among all under-construction as well as purchase, this cost will be deducted from our fee for creating the
completed projects offering properties based on the budget you have dossier.
indicated and the purpose for which you want to purchase, from all
active and especially reliable developers, as well as brokers operating 4. Comparative Assessment and Negotiation
in Dubai. As mentioned earlier, when buying from a developer in Dubai,
After conducting market research, we send you the most promising negotiating margins are minimal to nonexistent. This is because the
properties for you to choose from. You select the two most preferred day a reputable developer announces property plans for sale, there's a
ones and request videos of the area and the property if it's already rush akin to what we see outside Apple stores in America on the day a
constructed, or the plans if it's under construction, as well as evidence new iPhone is released.
of the builder's reliability. However, even in this scenario, given our experience, we can achieve a
Once you decide to purchase one of these properties, we create the better price. If the property is owned by an individual and is being
property folder, which includes a comprehensive technical property resold, negotiation is easier and yields better results. However, the
report signed by TTZ Group, with architectural analysis and evaluation, process is not like negotiating in Greece. Meetings with sellers require
technical drawings, a network status report, and we monitor the entire prearranged appointments and serious arguments. It requires time
process on your behalf. and knowledge.
On the day of transfer, you can rest assured that you have acquired a Our company undertakes negotiation for a fee of one-third of the
sound property that can either be leased or resold for increased profit amount saved.
for you.
5. Legal Representation and Monitoring of Procedures
2. Opening a Bank Account in Dubai You realize that relying on a fellow countryman of the sellers for
Whichever method you choose to transfer your funds to Dubai, you'll negotiation and protection of your interests is not feasible. It's logical
certainly need a bank account. We handle this process in for them to support their "own" person. On the contrary, our
collaboration with reputable and renowned lawyers we work with, for a consortium ensures not only the safe selection, negotiation,
one-time fee of 3,000 Euros. monitoring, and evaluation but also the most reliable legal
representation to the authorities of the Emirates. For these
procedures, representation, and monitoring, our fee is 0.5% of the
property purchase cost.
Where to Invest in Dubai?

Are you planning to invest in Dubai? Discover the areas that

offer the highest returns and explore unique opportunities to
increase your capital with the guidance of Epsilon Team and the
rigorous oversight of TTZ group:

Downtown Dubai: It stands as the epitome of luxury, with

properties offering views of the iconic Burj Khalifa and Burj Al
Arab. It remains a benchmark for investors seeking luxury and
high returns.

Jumeirah Village Circle (JVC): A rapidly developing area

attracting attention with its construction activity and the
upcoming Metro arrival. JVC is ideal for investments aimed at
long-term growth.

Jebel Ali Village and DPI: Strategically located near the borders
with Abu Dhabi, these areas offer great investment
opportunities due to their natural expansion and development.

Freehold Plots: These plots, not owned by EMAAR or the Dubai

government, offer great utilization potential as their value
continues to rise steadily.

For investors interested in expanding their capital strategically,

we recommend purchasing apartments in developments and
reselling them at 80% of completion. Properties by EMAAR and
other reliable developers guarantee safe and profitable
investments.

The collaboration between TTZ & EPSILON TEAM is here to offer

you not only investment opportunities but also the assurance of
safe and high-quality construction.
Property Management and Leasing in Dubai: What You
Need to Know
• In Dubai, property management and leasing are
exclusively handled by professionals in the field through
real estate agencies, with rent being always annual.
Rent payment can be made either in a lump sum or in
installments - up to four - meaning quarterly payments,
however, it is more advantageous for the tenant when
paid in fewer installments.
• Management Cost:
• The operation and management of the property incur a
cost amounting to 5% of the annual rent, plus 5% VAT.
This cost covers finding tenants and any maintenance or
services that may be required for the property.
• Furnished or Unfurnished Properties:
• Regarding furnishing, smaller properties in Dubai are
usually leased furnished, making them particularly
attractive for small families or professionals relocating for
work. As the size of the property increases, the demand
for furnished accommodations decreases, as tenants
prefer to customize the space to their personal needs.
• Choosing the right property and the right real estate
agency for leasing management is crucial to ensure a
smooth and beneficial experience in Dubai. Trust the
experts to secure the best possible lease and the
highest possible return from your investment.
• Who Pays What:
• The tenant pays for all services related to electricity -
water (DEWA), cooling if separate (Emicool), and
telecommunication (Du or Etisalat).
• The owner pays the so-called service charges to the
developer, which are annual but paid every 3 or 4
months depending on the agreement.
• When an owner leases a property, they must ensure
that there is an electricity and water meter as well as a
connection to chilled water for cooling.
PROPERTY RENTAL YIELD
• In rentals, the gross yield can reach up to 15% however,
the net yield typically ranges from 7% to 11%. This is due to
the fact that the owner covers the annual service charges,
which must be taken into account, as well as the
management fees paid to the broker who will handle the
rental and overall management of the property. These
expenses amount to 5% of the rent, plus any significant
damages that a property may incur over time.

• TTZ, due to the nature of its work, is familiar with reliable

property managers, those chosen and guaranteed by the
major investors of the Emirate.

PROPERTY RESALE YIELD

In investments where one purchases a property off-plan from the developer
and resells either at 80% completion of the project or at the end of
construction, which rarely exceeds three years, yields can soar, surpassing
even 30%. Those seeking quick substantial gains opt for such transactions,
while those aiming for long-term stable income prefer rentals.

Another alternative is purchasing and reselling or renting after some

renovation. These offer the highest yields, and we can provide information on
them once you disclose the amount of investment you intend to make.

For example, the cost of a 65-square-meter one-bedroom apartment under

construction in prime location in Downtown Dubai is approximately
€515,000, whereas the cost for a similar ready apartment amounts to
€760,000. That's a whopping 47% yield! With today's data!

Explore the opportunities and prospects offered by the real estate market in
Dubai for stable and assured investment returns.
• In the world of Dubai real estate, choosing the right partner is more than crucial. The market in the Emirates is dynamic, and marketing is highly
developed. This is why many "internet experts" advertise properties, sometimes without the required reliability. This can lead to uncertainty and
insecurity for you, as you desire to invest your money in this market.

• It is essential to select an experienced and reliable partner. The partnership between Epsilon Team Real Estate and TTZ GROUP, both Greek-
owned companies, provides precisely this guarantee. We have deep knowledge of the local market and an extensive track record of successful
transactions in both countries, providing you with a stable reference point in Dubai.

• Trust us to ensure that if something doesn't go as planned, you will have the support of a company that knows, understands, and can provide
immediate solutions. Our experience and solid background are your assurance of safety and success in your investments.

• Choose us and make your investment in Dubai with confidence and security.

Evita Eleftheroudaki, Despina Tabakopoulou & associates