The UAE became a federal state in 1971 with six emirates and a seventh joining a year later. The history of the UAE is characterized by rapid development; there is no other country in the world that has formed and developed into such a state in such a short time.
Among investors, Dubai and Abu Dhabi are the two largest and most famous cities in the UAE. Foreigners make up 85% of Dubai’s population, due to its attraction to expats. Abu Dhabi is often invested in by Emirati and neighboring Arab citizens. However, the Abu Dhabi property market may also be of interest to foreign investors.
Dubai is expanding every year. There are regular new areas and residential complexes that attract tourists and expats with unique architecture, developed infrastructure, and comfortable conditions.
How can you finance a property purchase in Dubai besides a one-time payment – plans from the developer, mortgage lending, and the Rent-to-own scheme?
We continue to analyze the topic of expenses when moving to Dubai. In the previous article, we talked about the necessary documents and rental housing.
Real estate investment is a reliable way to save and diversify savings, and the UAE remains one of the most popular destinations for such investments.
The United Arab Emirates remains one of the most sought-after destinations in overseas real estate investment. The real estate market here is flexible enough and adjusts to the buyer: you can find an apartment for tens of millions of dollars, and a studio for a hundred thousand.
The types of real estate investment in Dubai available to foreign investors, the potential yield from resale or rental, and the central myths about buying housing in the UAE.
Legislative aspects, the stability of the economy and the region’s security, location, ways of doing business, and cultural norms – when buying property in the UAE, it is essential to notice many non-obvious factors.
Due to the favorable conditions, it is very tempting to invest in Dubai’s residential real estate market. Today we will tell you how to invest in UAE facilities and what to consider depending on the selected goals.
Every year the UAE real estate market becomes more and more attractive for investors and agencies. According to DLD, in May 2022 a total of transactions worth 26.5 billion dirhams (about $70 billion) were concluded. The deals generated over AED240 billion, up 61% from 2021.
DAMAC Properties has been operating in the residential real estate market in Dubai since 2002 as a division of DAMAC Group, a multi-purpose enterprise founded in 1982.
How the commercial real estate market of Dubai works, its features and types on offer – offices, commercial buildings, land for the construction of enterprises.
In Dubai, the remote conclusion of all transaction stages is legalized. To invest, the client does not need to fly to the UAE.
Luxury is the most capacious definition that comes to mind when you need to describe Dubai in one word. Well, oriental luxury. Modern Dubai villas and palaces are built and maintained with the latest technology and only look like traditional fairy-tale houses from Aladdin’s Lamp or mansions from Victorian novels.
DAMAC Lagoons is a new area of townhouses and villas. The construction began in late 2021. It occupies over 4 sq. km of the Dubai Golf City area, located south of Sheikh Zayed bin Hamdan Al Nahyan Road, next to the Remraam and Damac Hills communities. The general developer is the private company DAMAC Properties, which has already completed dozens of projects throughout Dubai.
Many consider Dubai the city of the future, and upon visiting the biggest city in the UAE, it’s evident that this statement isn’t an exaggeration. You’ll find the tallest building globally, the Burj Khalifa, the most extensive shopping center, and stunning fountains.
What else could attract investors besides remote transactions, 0% installment for up to 7 years, and no taxes?
Foreigners in the UAE often decide to buy property in Dubai. This is a great way to invest, as a house or apartment can be rented out, and given the constant increase in real estate prices, the property can be sold later. Real estate in the UAE is expensive, and most investors are trying to solve the financial problem through mortgage lending.
The past two decades have seen significant fluctuations in the Dubai housing market. Between 2002 and 2008, the city experienced rapid growth and real estate prices quadrupled, making it one of the fastest-growing cities in the world.
The real estate market in Dubai is equally attractive for investors and private individuals, but there are a few things to consider before making any investment in the desert city. Is you want a suitable real estate agent in Dubai, you should focus on a holistic advisory approach, in which tax aspects as well as the legal peculiarities are taken into account.
Today, the UAE stands as one of the most economically and politically stable regions globally, attracting significant investments, particularly in the real estate sector. Among the emirates, Dubai, renowned for its success and openness, has emerged as the primary point of attraction. Year after year, Dubai strengthens its position as the main business and tourist hub of the UAE. The real estate sector plays a vital role, constituting approximately a third of Dubai’s economy, and it has experienced an impressive quadrupling in market size over the past two years alone.
The year 2022 showed positive momentum in property price growth and rental prices in Dubai. Last year, residential rentals and transactions in the emirate hit record highs amid high demand for property from investors around the world. Dubai is a popular destination for property acquisition due to its exceptional security, business-friendly environment, diverse investment opportunities, and much more
A spectacular building in Dubai is the Museum Of The Future that you should see as a tourist. As you can tell from the name, everything revolves around the future. You see things there that don’t exist anywhere else.
For tourists, the Heritage Village in the district of Al Shindagha is very worth seeing because you can experience the tradition, construction, and history of Dubai. It is a museum village built-in 1997 by the government of Dubai. The village has been built as an Arab settlement with stone houses from the mountain and desert regions, Bedouinelten. The traditional wind tower houses must not be missing in Dubai.
It is possible for tourists to apply for a free alcohol license in Dubai. We will describe exactly how and where to do this here.
A spectacular multi-purpose hall in Dubai is the Coca-Cola Arena where regular events take place you can visit as a tourist. The location is perfect right next to the popular City Walk and so you can reach them well.
Jebel Ali is far from the center of Dubai. Known for the port, free trade zone and where there is also a nice hotel. This region of Dubai is currently still being heavily developed. A lot is being built. Al Maktoum International Airport is also nearby. This is to be expanded into the largest airport in the world.
As a tourist, you should definitely stick to the Dubai behavior rules so you do not find it unpleasant there. Which ones are to be described exactly here.
Due to hardly any taxes, the cost of living in Dubai is very approachable and you can still reduce it if you want. In this article, you will learn exactly how to do this.