Dubai Real Estate
Being a leading commercial hub with a remarkable infrastructure and a first-rate business environment, Dubai provides investors with a unique value-worth foundation that makes Dubai the logical and feasible place to advance the business. After legalizing freehold ownership of land and property to expatriates in designates areas in March 2007, Dubai became the No. 1 destination for real estate investors from all over the world.
Dubai has open the door to the foreign investment in 2002 and since then there has been a tremendous amount of interest and attention to the concept of freehold properties in the United Arab Emirates. With the property market in Dubai still in early stages, the way the property transactions are carried out is different to some extent to that of the established conventional market. That is why it is essential to identify with this criterion in order to make wise investment decisions.
Dubai’s real estate market is quite diverse. There is a great range of options for those who are looking to buy a freehold property in Dubai. Professional advice must be first on your list whilst searching for property. It is crucial to find a respectable, reliable estate agent, who will offer you experience, knowledge of the regional real estate market and a vast range of properties across the UAE either directly from developers or from the secondary market.
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Buying Off-Plan Dubai Real Estate
Villa's and Townhouses remain a very popular option, with projects often being sold out within a short period of time after they are launched. There are restrictions limiting investor participation to individuals based in Dubai at the time of launch. These types of properties come with a residency visa. From the technical side, apartments are more readily and easily available to investors. For the investors buying in bulk, reasonable discount schemes are offered to ensure good returns.
“Ready to move in” Properties
For investors looking to get instant returns on their investments, purchasing close to completion properties is a worthy option. Owing to a huge shortage of completed property in the Emirate and the constant growth of the population in Dubai, there is immense demand for ready–to-move-in property, putting forward opportunities to get great returns on pre and post handover purchases, with high rental contracts available to those who possess unoccupied completed apartments in the right districts.
Pros of buying Real Estate in Dubai
Dubai is No. 1 business city in GCC countries, providing strong investor incentives and protection. Has fastest growing economy in the world.
Dubai has highest international standards for business, tourism and lifestyle.
Dubai offers highly developed state of infrastructure and world-class business environment.
Dubai is about no corporate and income taxes.
Dubai is safe and offers protective environment for families and women. It is the least corrupt city in the region.
Dubai is strategically located at the crossroads of three continents: Europe – Asia and Africa
Dubai has no restrictions on capital repatriation.
Dubai is a paradise of tourism and high-class lifestyle
Dubai is a home to more than 180 nationalities and cultures
Dubai is the fastest growing city in the region and has the highest growth rates in the world for the last decade.
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