Prestige Dubai
When investing in real estate in Dubai you may ask yourself various questions, whether you plan to purchase a villa on Palm Jumeirah, or opt for an off-plan in Dubai Hills. Here we have tried to answer some of the most frequent questions about property in the emirate.
Question one: Why is it profitable to invest in real estate in Dubai?
Firstly, there are no taxes on the acquisition and maintenance of real estate – only a registration fee. In addition, investors do not have to pay sales tax or rental income. It is also worth noting that in the emirate there is an interest-free installment plan for the period of construction of the facility and after the completion of construction work.
On the positive side, the city is the largest financial and tourist center in the Middle East. In order to buy real estate there, you just fly in and make your choice. It is easy to transfer money from any country in the world here. And just as easy to get them out. There are absolutely no limits!
By the way, the emirate reliably protects its investors. After all, it was with their money that the whole city was built. Back in the mid-2000s, an escrow account system was introduced here. The funds contributed by the buyer are reserved and transferred to the developer only after he completes the construction of the house.
Question two: What are the pros of living in the emirate?
This is a city where warm summer welcomes you all year round. You get on a plane and after several hours you find yourself on the sunny coast. Beautiful weather, high level of service, life and medicine are obviously a plus.
And another huge plus is the feeling of complete security. The United Arab Emirates is one of the safest countries in the world. A country that is constantly on the move is developing. Undoubtedly, this is the territory of the future.
Question three: Who would like to find property for sale in Dubai?
All lifestyles are represented in the city. You can live by the sea – in your apartment, in a penthouse or in a villa. There are facilities in the park area and next to the golf course. There is a property on the shores of the crystal lagoon. This is a huge artificial reservoir with fresh water and a private beach. If you wish, you can even settle in the desert or among large shopping centers. In order to decide where to invest, it is better to consult with experts.
Question four: Which is better – buying at the stage of excavation or ready-made housing?
It is better to buy real estate under construction. This is a guaranteed interest-free installment plan, a stable growth in the cost of square meters. You can choose a good layout and a beautiful view from the window. In the case of ready-made housing, you will find a rather limited choice and a high fixed price. However, the resale is suitable for those who want to immediately move to the city.
Question five: What are the most promising areas for investment?
Many people come to the emirate and the first thing they go to is the Palm Jumeirah or Dubai Marina. So, there are practically no plots left for construction. You can literally count them on the fingers. But there are “young” areas in the city where real estate is very tempting!
- For example, Mohammed Ben Rashid City (MBR City), named after the ruler of the UAE. It is a 10-minute drive from the super-high-rise Burj Khalifa and from the heart of the city – the Downtown area. In the future, Mohammed Ben Rashid City will house the new city center. Housing prices will skyrocket here. For investors, this is a great prospect for the next 4-5 years.
- The next location worth paying attention to is the residential area of Dubai Creek Harbor, which embodies all the best from Dubai Marina and the Business Bay business center. It is a huge area on the banks of the Dubai Canal, next to the Ras Al Khor Nature Reserve, where white and pink flamingos live.
- And the third area is Dubai Hills, the area between Dubai Marina and Downtown. The area is richly filled with the villas for sale, so it is both profitable to invest there for renting out and personal life.
Real estate in Dubai
Emirates.Estate website has a huge database of real estate in Dubai. Visit the website to find out about the offers and choose the one that suits you.
