What is attractive about real estate in Dubai and why is it worth investing in real estate in this emirate? Let's look at it in this article. Dubai is the city of the future. It is one of the generally recognized centers of world tourism and business. Excellent transport accessibility, transparent legislation, modern infrastructure, economic and political stability, and loyalty of the Dubya authorities to investors make the region an ideal and unique local place for doing business. Tourists in the United Arab Emirates are attracted by:
- the highest level of development;
- world famous attractions;
- the most comfortable conditions for relaxation.
- In 2019, the Emirates government launched a “golden visa” program, in other words, a residence permit for investing in real estate in the UAE.
- There are no taxes on residential property, on income from rental property and on the transfer of property.
- A large number of options - affordable real estate, luxury apartments in apart-hotels and residences, villas on the seashore, etc.
- Residential property prices in Dubai start from $150,000.
Features of real estate in Dubai
A citizen of any country can buy real estate in Dubai (residential and commercial). In order to conclude a purchase and sale agreement, it is not at all necessary to have a temporary residence permit. There is a list of procedures that are the same for all investors. In addition, the following payments are required to complete the transaction:- payment to DLD (Dubai Land Department);
- payment for registration of property rights;
- payment for agency services.
How to choose real estate in Dubai?
Of course, the choice will depend on the purposes of purchasing real estate in Dubai:- purchasing property in Dubai for living, renting or holiday;
- purchase of commercial real estate in Dubai for doing business (industrial, warehouse, retail and office premises).