The real estate market in the United Arab Emirates sets new records year after year, and in 2023, it grew by tens of percent. This growth is expected to continue next year as the Emirates confirms its reputation as a global business center. This factor, together with tax benefits and quality of life, attracts wealthy people from all over the world, increasing the demand for real estate and rental rates.
Today we suggest looking at this issue from a different perspective: let’s look at the benefits of working with an agency when buying and selling real estate in Dubai.
Earning income from rental properties has been quite popular in Dubai in recent decades. Renting in Dubai guarantees a return of 4 to 9 percent, according to analytical data in 2023. This area is developing rapidly every year. The advantage of investing in real estate is a high percentage of income, reduced risks, protection of capital from inflation, as well as favorable conditions for owners, and terms of concluding a contract. We will consider the key points that investors and tenants planning to invest their savings in UAE real estate should pay attention to.
How is the rental price for housing in Dubai determined, can the landlord raise it independently, and who regulates the price for apartments and villas.
About 80% of Dubai residents are renters, making buying an apartment for rental purposes a profitable investment. However, the Dubai real estate rental market has its own characteristics. Here, the rights of each party are equally protected: it is difficult to evict a tenant even after the end of the lease agreement, and landlords do not have the right to inflate the cost of services.
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.
Long-term and short-term contracts between the lessee and the lessor are concluded without third-party witnesses and guarantors. Let’s compare the advantages and disadvantages of daily and long-term rental apartments in Dubai.
Real estate rental in Dubai is a standard legal procedure, providing for legal payment and the conclusion of a formal contract. It is conducted in several stages and has a number of regional features that should be familiarized before arriving in the UAE.
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.
The possibilities of fraudsters have grown through technical progress. As a result, in many parts of Dubai, investors and landlordes are victims of real estate fraud. In this situation, it is always advisable to exercise caution and only turn to reputable companies.
The Abu Dhabi Mall is one of the largest and first shopping malls in Abu Dhabi. It was opened in 2001. Visitors can choose from a total of 220 shops on 220,000 square meters of retail space. The large food court with 40 different restaurants is also very interesting. For the children, there is a small park where they can play, a large cinema and even a bowling center. The Abu Dhabi Mall is located near the well-known five-star hotel Beach Rotana Hotel & Towers.
Always nice weather, a breathtaking skyline, and one of the tourist hotspots of recent years: Dubai has a lot to offer. Since the end of 2001, real estate in Dubai has also been sold to…