The real estate market in the United Arab Emirates is experiencing a boom in demand for housing. There are several reasons, the most important are the growth of the state economy by 3.5%, the opening of borders for tourists, the interest of foreign investors in real estate and new conditions for obtaining a golden visa.
How the demand for real estate in Dubai is growing
Luxury housing prices in Dubai increased by 44% in 2021, according to a report by Knight Frank. The rise in house prices continued into 2022, with property values up 7.5% in May, according to a Reuters survey.
Demand for property rentals increased by 40% on average in the first quarter of 2022. Betterhomes said rental prices for villas increased by 64%, apartments by 33% and townhouses by 25%. Income from the rental of real estate reaches 8% per annum.
Dubai is the tourist center of the UAE: real estate is in demand among travelers who come to the emirate on vacation.
Investors also buy property in Dubai to live in the city or come on holiday. If you purchase an object worth more than 2 million dirhams, or $544,500, it is possible to get a golden resident visa in the UAE.
10 years
Valid UAE Golden Visa for the purchase of real estate
Real estate specialists Immigrant Invest have selected the best properties in Dubai that will bring investors profit, not problems.
Projects worth from $120,000 to $190,000
Share or apartments in a hotel complex
The hotel complex is located in the center of Dubai. The apartments offer panoramic views of the Khor Dubai coastline and the iconic Burj Khalifa. Close to transport links: easy access to Dubai International Airport, Dubai Mall and Dubai Design District.
Investors can buy a share in the project or apartments with one or two bedrooms. The hotel building has swimming pools, a lounge area, a spa complex and a kids club.
A share or apartment in a Dubai hotel complex. The cost is from $126,000. Profitability - 7% per annum
Apartments in residential towers on the territory of the golf club
The real estate project is located on the territory of an international golf club. Towers with apartments, a hotel and several detached villas will be built in the residential complex of the club.
Investors can buy a one-bedroom apartment on the 18th floor of the tower. The apartments offer views of the emerald golf courses and the city.
The territory of the golf club occupies 32 hectares: it has parks, stables, sports grounds and tennis courts, a school, a supermarket and a cleaning company. Can be also ordered a transfer to the most famous shopping center in Dubai - Mall of Emirates.
Apartments in Dubai International Golf Center. The cost is from $160,000. Profitability - up to 8% per annum
Townhouse in gated residential area
The project is located in one of the most elite areas of Dubai - Damac Hills 2. It was designed taking into account the infrastructure of neighboring areas and harmoniously fits into the overall development. Townhouse construction continues.
Damac Hills 2 will include green walking paths, parks, swimming pools, a cinema on the water and outdoor sports grounds. Investors can buy a 69 m² one bedroom townhouse.
One bedroom townhouse in Damac Hills 2, Dubai. The cost is $182,000. Profitability - up to 8% per annum
Projects worth from $360,000 to $550,000
Townhouse in Maltese style in a quiet family area
Townhouse with four bedrooms is located in one of the most popular areas of Dubai - Damac Hills - and is part of the "Mediterranean" architectural project. The residence is stylized as the famous neoclassical buildings of Malta. The construction of the project is ongoing.
Residential townhouses are part of a new district with its own school, kindergarten, hospital, shopping center and water park. The pearl of the area will be a man-made lagoon with waterfalls, caves and white sand.
Maltese style townhouse in Damac Hills, Dubai. The cost is $545,000. Profitability - up to 8% per annum
Designer villa in a gated community
The project is located in Damac Hills 2, an elite area of Dubai. In the future, green footpaths, parks, swimming pools, a cinema on the water and outdoor sports grounds will be built in the area.
The villa was designed by the legendary Roberto Cavalli. The roof of the villa will feature a garden and seating areas. Investors can buy a three-bedroom villa from 193 m².
Three bedroom designer villa in Damac Hills 2, Dubai. The cost is $368,000. Profitability - up to 8% per annum
What are the benefits for investors with a UAE Golden Visa?
Residence permit for the whole family. An investor can add his or her family to the Golden Visa application: spouse, unmarried daughters of any age, unmarried sons under 25, and children with disabilities.
You can also include any number of domestic helpers, such as cooks, housekeepers, nannies, in your Golden Visa application.
Opportunity to work, educate children in Emirati schools and universities, as well as use medical and government services.
Tax optimization. There is no income tax, property tax and dividends in the United Arab Emirates. Until June 2023, companies are exempt from income tax, then the rate will be 9%.
Bank account in local banks. The investor will be able to open an account in dirhams, dollars or euros. You can use the account to store savings or international payments.
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