Investing in real estate in Dubai can become one of the most beneficial financial solutions in life, especially for those who plan not only to save money, but also to increase their capital. The official source https://emirates.estate/ will tell readers more about the important factors of investing in properties in Dubai.
Prospects and opportunities of Dubai
In the UAE and, in particular, in Dubai, over the past few years, the government has implemented many measures aimed at restoring and optimizing the national economy. In order to increase business activity, the rules for doing business outside of free zones were revised and simplified.
The changes affected, in particular, the lending system: 20% of restrictions were lifted. The Emirate has become the business capital of the United Arab Emirates. Branches of companies from all over the world work here, investment sectors are being improved, enterprises and industries are growing, the property market is developing, thereby providing attractive environment for foreign investors in Dubai.
Investment factors of Dubai real estate
Dubai’s attractive investments are explained by the following factors:
- Tax system without income tax;
- Obtaining a UAE resident visa or an investor visa with the right to extend;
- Long-term investment prospects;
- Protection of property rights at the state level;
- No double taxation, subject to the issuance of a certificate of tax resident of the UAE;
- Favorable prices for apartments in Dubai (from $150 thousand);
- High demand for renting and buying Arab apartments and houses;
- A wide range of properties.
Additional incentives for investors in Dubai property can be:
- High-quality real estate;
- Developed infrastructure of the districts;
- Unique premium class housing;
- Low crime rate;
- Strong economy;
- Quality of life;
- Loyal policy towards foreigners.
This makes the Emirate an attractive place not only for tourists and emigrants, but also for entrepreneurs. This is the most developed emirate of all, there is a stable political and economic situation here, which ensure the security of investments in the long term.
Important! Investors who are buying an apartment in Dubai for more than AED 5 million can take advantage of the simplified visa system, the benefits of the Central Bank of the UAE and affordable prices for apartments after their reduction. It is also worth noting the reduction in government fees and the cost of renting commercial property in Dubai against the background of the Covid-19 pandemic, which is also an advantage.
Investment process in Dubai
On the one hand, the formal procedure for buying investment real estate in Dubai is quite simple, on the other hand, it may differ from the usual schemes that the investor has already dealt with. That is why the best solution for a beginner in the Arab housing market is to cooperate with an experienced realtor who will advise and help the buyer find the right housing and conclude the deal. The real estate agent will correctly draw up the terms of the contract, help in signing a Memorandum of Understanding (MOU) and transferring ownership rights.
Before the pandemic and the global crisis, the housing market in Dubai was interested in attracting overseas investments. Now, despite affordable prices for the purchase of housing, The Emirates provide an opportunity for foreign citizens to get two mortgage loans to pay for one property and low interest rates (4-7% per annum). Loan repayment can be extended for a period of 50 to 100 years with the subsequent payment to relatives.
At the moment, Dubai banks are actively involved in stabilizing the housing market, while the mortgage lending market remains competitive.
Investment programs in Dubai realty market
Anyone who plans to buy an apartment in Dubai in order to preserve and increase capital, it is necessary to understand that no housing, regardless of its location and individual characteristics, can guarantee an increase in prices and a consistently high return on investment. Moreover, no qualified property agent can guarantee high profitability when renting out housing. However, a realtor will help you avoid financial mistakes and legal problems when buying real estate in Dubai, as well as minimize possible risks.
A property professional can choose several investment programs based on the financial capabilities and client’s wishes. There are three characteristics on the basis of which each investment instrument can be divided: income, growth and security. It is important to understand here: the higher the income, the higher the risks, while the opposite way is also true.
Emirates.Estate helps customers buy the right property in Dubai
To choose a profitable investment real estate in Dubai with a good payback potential, Emirates.Estate recommends paying attention to property for sale in Jumeirah or Palm Jumeirah on the sea coast with comfortable infrastructure, or choosing the central districts with convenient transport interchanges and metro. Mostly emigrants, employees of large companies and students live here. Studios and apartments with 1-2 bedrooms bring their owners a higher profit.
If you want to quickly get a good income, you should try to resell your house in Dubai. This option is the best solution for quickly increasing the invested money. It is much faster to buy small apartments than villas and houses. However, now in the real estate sector, consumers prefer to buy spacious housing in areas with advanced infrastructure, parks and recreation areas within walking distance. This can be taken into account, but if you prefer to use proven methods, it is better to choose them with the help of professional staff of the Emirates.Estate portal.