Why Buy Property in Dubai?

• Dubai is one of the world's fastest growing business hub - this means there is massive demand from a high-grade professional tenant for commercial and residential real estate in Dubai.
• The demand for rental accommodation demand is increasing and as such the demand for buy to let investment property.
• Ex-pat demand for property in Dubai is also creating a strong market in off plan apartments, with around 300,000 apartments planned for the next few years alone.
• Overseas investors are showing strong interest in the Dubai Marina alongside Media City, home to Microsoft, Cisco, Reuters, and CNN.
• The development of Dubailand theme park alongside the many feature parks, water parks and other tourism-centric activities and amenities that it already has which make it appeal to a broad base of tourists
• There is no tax on rental income in Dubai, nor is there any capital gains tax
• There is strong demand and an easy sales process making an exit strategy easy and yet viable.
• If you buy property in Dubai you automatically a residency visa!

A massive development in both tourism and international foreign investment makes Dubai a highly lucrative property investment marketplace for holiday homes and investment property buyers. Dubai is in the process of creating a magnificent city, both in terms of commercial investment and business hub as well to become a world tourist destination.

Despite recent reports that the Dubai rental market is reaching a plateau, property prices in Dubai are continuing to rise across the board as demand in the city far outstrips supply. The continuing influx of new arrivals, estimated at 400,000 per year, combined with delays in project handovers, means that landlords and developers can still make very healthy returns. Source AMEINFO

See Also: Legal Aspects on Buying Dubai Property

Purchase Process for Buying Property in Dubai

Below is the standard process for buying property in Dubai and the UAE, and issues that may affect that purchase:

• Most property for sale in Dubai and the UAE is new-build, as the housing industry is so young little resale property is available yet.
• All Dubai property for purchase by foreigners are located within special pre-approved zones, with resident visas issued on completion for those wishing to make a permanent move.
• Although strict government regulations mean the process is straightforward, a solicitor is always highly recommended.
• A simple sales agreement is the only document required for purchase.
  However, this is legally binding and should only be signed when all reasonable checks have been undertaken and all negotiations completed.

The cost of a standard property purchase in Dubai includes the following:

• There is no income tax or capital gains tax on property sales or rentals in Dubai.
• 2-4% stamp duty is payable on property purchases in the Dubai.
• A 1.5% land registry fee is also payable on completion.

Buying Property Overseas:

If you are considering buying a property abroad then choose your desired country location from our list below. On all our country pages you will find useful information on buying investment property including information on mortgages, foreign currency, solicitors, economic & tourism factors, research sources, due diligence reports, books and property investment guides to assist you in making a well informed decision when buying a property overseas.

• Investment Property Dubai
• Buying Property in Dubai
• Economy Dubai
• Legal Aspects
• Mortgages Dubai
• Tourism Dubai
• Investment Research
• Property News Dubai
• Books on Dubai
• Featured Development
• Dubai Weblog

Property Investment News