Just a few years ago, the idea of purchasing an apartment in Dubai seemed as daunting as a space mission. However, now it’s just as simple as buying a flat in any other city with the assistance of knowledgeable brokers. Here we will tell you what could attract investors besides remote transactions, 0% installment for up to 7 years, and no taxes.
Dubai has become the most sought-after emirate globally, and owning property there is now a realistic possibility. Real estate brokers control all stages of the relationship with the developer and remain in touch with the buyer until the transfer of the apartment.
Real estate on the coast of the Persian Gulf demands the involvement of real estate agencies. This is the most popular way to invest, and the best options get taken up before they even launch. Clearly, the demand for housing is much higher than the supply available.
Investing in Dubai is a great idea. One of the main reasons people are drawn to this location is the lack of taxes. When purchasing property, buyers only need to pay a one-time registration fee equal to 4% of the value agreed upon in the sales contract. Additionally, there are no taxes on ownership, renting, or selling in the future.
Investors are attracted by rising real estate prices, both for rent and for sale. By purchasing squares at the construction stage, you have a high potential for growth by the time the object is commissioned – over the past two years it has been 30-50%.
Bluewaters Bay is an enchanting island located near Dubai Marina, boasting the world’s largest Ferris wheel. This area is rich with potential, featuring low-rise buildings, a gorgeous beach, and breathtaking views of the bay. With a yield of 50% for 2.5 years, it presents a promising investment opportunity. The minimum investment required for a $715,000 apartment is 44%.
For those seeking real estate at a favorable price with maximum investment potential, we encourage you to act quickly and secure your spot during the pre-launch stage. If the developer announces the project release, booking on the same day is recommended. A deposit of $8,000 is typically sufficient.
The Mohammed Bin Rashid City (MBR City) is a promising area with great potential. It is situated in close proximity to the Business Bay, which is the commercial hub of Dubai. Sobha Hartland, a new and expansive residential complex of luxurious real estate, is currently being constructed within MBR City along the canal. This is a peaceful residential area, however, it is located in the heart of the city, with the Burj Khalifa only a 5-7 minute drive away. Owning an apartment here would be a wise investment as it will be easy to rent or resell in the future. Additionally, the world’s largest mall is set to be built in this area, which will attract a large number of tourists.
If you buy squares for rent out in MBR City, you are definitely a winner, you have every chance to quickly, easily, and most importantly, expensively rent out your property.
In the future, Sobha One complex will be located next to the world’s largest mall, 1.5 km of ski slopes, an artificial channel, a lagoon, and the Universal Studio amusement park. Yield 50% for 2.5 years, the minimum investment is 44% from apartments worth $345,000.
Slightly below average to mid-range is Jumeirah Village Circle (JVC), the most popular residential area, which is 20 minutes from Business Bay and 10 minutes from Dubai Marina. Here, real estate prices are much lower, but apartments are no less popular.
Dubai’s real estate industry is booming due to the availability of interest-free installment plans. Typically, investors need only pay between 14% to 24% of the total apartment cost upfront, with the remaining payments made in installments. This is a common practice in Dubai, meaning an apartment costing $400,000 would only require an initial payment of $80,000 to $100,000.
Investors can purchase 10-20 apartments at the beginning of a project and resell them within two months for a 15% yield. This strategy is popular in Dubai’s rapidly growing market, where people are eager to invest in properties and quickly sell them for profit. Certain areas of Dubai are prime locations for this investment strategy.