Why invest in Dubai
Dubai offers a wide range of property types and prices, with investments starting from €150.000 with interest free payments plans and possibilities to pay using cryptocurrencies
Why invest in Dubai?
Rendimenti di locazione
Dubai offers among the highest rental yields in the world compared to the purchase price of the property, having a net ROI of 7%-15% depending on the area and the property chosen. Thanks to the high demand and new laws enacted by the government, Dubai property prices will tend to grow. As Dubai is one of the most important cities in the world, the price per m2 compared to other cities is still very favorable.
Tax Law
The UAE’s tax law states that anything built for living in is 0% VAT. Also rental income are exempt from taxation as well as capital gains and succession.
UAE Dirham
The UAE Dirham is among the world’s most stable currencies and it is pegged to the US Dollar. Being the United Arab Emirates a country in high socio-economic growth the local currency is expected to increase in value.
Residential VISA
The Dubai Land Department issues residential visa for those who have invested 750.000 AED in the property market; the more you invest, the longest you will have your residential visa for. This, added to the favourable taxation, makes Dubai extremely attractive in the eyes of international investors.
Growing Population
Dubai is one of the fastest growing cities in the world, attracting expats from over 170 countries. The current population is 3,3 million with a growth forecast of up to 8 million before 2040.
Tourism destination
Dubai is one of the world’s leading tourism destinations and, thanks to its worldclass lifestyle and innovative infrastructure, boasts around 8-10 million tourists every year. As a matter of fact, Dubai International Airport was 2021 world’s busiest airport by international passenger traffic and has strong aviation links to the rest of the world. In the first half of 2022 only, Dubai has welcomed 8,1 million international visitors.
Ideal climate
Dubai offers an ideal climate in the months from October to May with temperatures staying around 30°C. The cost of living in the city depends on the habits of each one of us making Dubai accessible to everyone.
Safety cities
Dubai is one of the safest cities in the world with a very low crime rate. Notwithstanding what many think, even though Dubai is located in the Middle East, the city is open to new cultures and global trends thanks to the vision of His Highness Mohammed bin Rashid Al Maktoum.
BUYING OFF PLAN
How to invest in Dubai?
Buying a property in Dubai has never been easier. Transactions are secured by the Dubai Real Estate Regulatory Agency, making them transparent and smooth for buyers.
If you don’t have the full property price, don’t worry! Our team will find the right project for you which will offer favourable interest free payments plans.
Each developer offers different interest free payments plans, often continuing once the property is ready to move in. This allows investors to rent out their property in order to pay the remaining balance.
If you don’t have the full property price, don’t worry! Our team will find the right project for you which will offer favourable interest free payments plans.
Each developer offers different interest free payments plans, often continuing once the property is ready to move in. This allows investors to rent out their property in order to pay the remaining balance.
1
We will discuss together your needs and expectations and provide you with a selection of properties for your investment.
2
Once the right property is found, the Sales Purchase Agreement will be signed with the developer. After, an initial deposit of 10-20% is required to book the unit.
3
The investor will be required to keep up with the payments as per the payment plan until handover.
4
On handover the buyer will receive keys and access cards for their new home. The remaining balance will either be cleared on handover, or payments will continue according to the payment plan.
Buying Ready To Move In
To buy a ready to move in property in Dubai there is some information to keep in mind:
On every purchase, in addition to the agency fee, buyers need to take into account an additional 4% transfer fee.
If you require a mortgage, you will usually need 25-50% of the property value as down payment.
1
We will discuss together your needs and expectations and provide you with a selection of properties for your investment.
2
Once the right property is found, the buyer will make a written offer to the seller. If it is approved, the agent will draft a MOU* and both parties will sign the contract.
3
If a mortgage is needed, the bank will be involved in the process. Both parties will meet to apply for a NOC** after paying a fee.
4
Once NOC is issued, both parties will officially transfer ownership at the Dubai Land Department office. After, a new title deed in the name of the buyer will be issued and keys are handed over to move in.
