Advanced Search
Your search results

Buy A Property in Dubai | United Seven Real Estate

Posted by U7MB on 2 August, 2022
0

 

 

Almost everyone, especially real estate investors, believes that it is a wise decision to buy a property in Dubai. There are some reasons that make this emirate of the United Arab Emirates the best place for both long-term investors and those who wish to own a home and live in it. One of these reasons is the freehold ownership law to buy apartments for sale in Dubai, villas for sale in Dubai, townhouses as well as offices and commercial properties. There’s also one more reason that makes Dubai real estate market shine among other main cities in the world. It is the economy of Dubai which is at its most diverse. Unlike other GCC (Arab) countries, the economy of Dubai does not only rely on oil. But the income of this emirate mostly comes from real estate, tourism, trade and a lot more.

Other things that make buying real estate in Dubai appealing include high levels of security and safety throughout the emirate. In spite of the fact that the United Arab Emirates is located in the heart of the volatile area, it is one of the safest and most secure places on the planet. It is interesting to note that safety of Dubai is the very reason why many people decide to start a company in Dubai, immigrate to this beautiful city, and purchase house in Dubai. For most of property buyers also, investing in Dubai real estate has turned into a way to enjoy tons of income and profit. If you are also keen on investing in Dubai, and wish to enjoy its amazing benefits, read on the text to the end. Here’s everything you need to know about Dubai’s real estate market…

Is It A Good Idea to Buy A Property in Dubai?

There are numerous reasons proving that buying a house in Dubai is one of the best investment options in the world. Here are some of these reasons:

Uniqueness of Dubai:

Dubai is one of the most special places on the planet. Its uniqueness is something that no one can deny as it boasts the first and the best of almost everything in the world. For example, this amazing city has the world’s tallest building, the largest man-made island, the biggest shopping center, as well as the most exotic lifestyles. But what makes Dubai even more appealing is mind-blowing experiences that not every other place in the world offers. These include amazing festivals, incredible events, stunning beaches, super-luxurious hotels, shiny deserts, and a lot more. Dubai is the exact spot for those who wish to enjoy life at its very finest, and have the best of everything in one place!

Booming tourism industry:

The tourism industry of Dubai is one of the most thriving in the world. This is because this amazing city is a pioneer in innovation, pleasant experiences, luxury and beauty. In addition, Dubai has the best of other countries in one place. The Bluewaters Island (like London Eye) and the stunning La Mer Beach (like that of Maldives) are just a few examples. It is interesting to note that the airport of Dubai is one of the most crowded ones in the world. This is because tourists from all corners of the world are flocking into this incredible emirate.

The pinnacle of happiness:

Dubai is one of the happiest places on the planet. It is interesting to note that this emirate has an exclusive ministry for happiness of the citizens, residents and even visitors. The Ministry of Happiness is the proof of how the government of the UAE makes life more pleasant and amazing for those who live in this amazing paradise. So, it doesn’t matter you want to call this place home, or you just wish to buy house in Dubai, now you can make sure that your moments in Dubai will be filled with happiness and nice feelings!

The low rate of crime:

Dubai is an amazing place that considers almost anything to make lives of residents as appealing as possible. So, it does not come as a surprise that the rate of crime is among the lowest in the world. Yes, Dubai has the lowest crime rate in the Middle East and also in the world. It is amazing to know that almost no one commits crimes like murdering and even rubbering in Dubai. Most of Dubai prisoners are in jail only because of high amount of debt. So, the low rate of crime also can be a reason why you should not miss owning flats, villa or commercial properties in Dubai!

High-class transportation routes:

You might have heard about the strong and high-class infrastructure of Dubai which is in competition with the best ones in the world. Hyperloop One is a super-quick route which is being built by an organization based in the USA. It is interesting to note that this system is being built only for Dubai, and no other places in the world will have it. What makes this mean of transportation kinds of luxury and unique is that it enables people to travel in long distances in pods. The speed of this amazing system is 1200 km per hour. Yes, Dubai is a hub for innovation, luxury and also uniqueness, unlike any other cities on the planet!

Sunkissed weather in Dubai:

for those who wish to live in warm weather, Dubai is a perfect place for living. As a resident of this amazing city, you can enjoy pleasant warm weather for 8 months of the year. In addition, year-round-beaches and cloudless clear sky are exclusive features of Dubai that you won’t want to miss. As well as this, if you don’t like rainy days, Dubai is a perfect place for you because this city has only one or two rainy days throughout the year!

Job opportunities in Dubai:

Dubai is a city with endless possibilities to earn money; no matter you are an employee or a person who wants to start his/her own business. If you are an employee, you can be sure that there are many job opportunities for you. Because almost all of international corporations have a branch in Dubai. You might become thrilled to know that there will be no tax on your salary in Dubai. If you are a business person also, you can start your business in Dubai, and enjoy the easy process of starting a company. More amazingly, businesses in this amazing Middle Eastern city are free of tax, giving you an incredible chance to grow and thrive!

High-quality education:

Living in Dubai, you’ll never feel any shortage in terms of education. For primary and secondary education, there are a large number of high-quality schools in Dubai that offer the British or American curriculum. In terms of higher education also, you can find universities with high rankings in the world. It is interesting to note that the world ranking of Zayed University in Dubai is 549 based on the latest reports. This fact makes Dubai a perfect place for those who care about high-quality education!

High possibility to afford to buy a property in Dubai:

one of the very reasons why you should not miss owning a property in Dubai is affordability of them. It comes as a surprise that Dubai luxury homes for sale are offered in much more affordable prices than those of other world’s main cities. These important cities include Hong Kong, New York and London. Dubai has a lot of these luxury homes that go beyond standards of properties in other main cities of the world. This is why many find Dubai a very nice place to invest in real estate market.

Abundance of luxury homes in Dubai:

If ordinary houses do not satisfy you, and you are looking for something extraordinary, you’ve come to the right place. Dubai has a large number of these special properties in areas such as Palm Jumeirah, Dubai Marina, and Downtown Dubai. Most of these properties have been designed in an eye-catching way. They also offer full access to extraordinary amenities. These properties also boast stunning sea or city views, and offer great vibes. Compared to other main cities in the world, finding these kinds of properties is much easier in Dubai!

Technological advancements:

Dubai is one of the fastest-growing cities in the world that is going towards becoming a super-smart city in the future. The advancements include superb infrastructures, improved public transports, unique entertainment facilities, as well as wide use of artificial intelligence. Dubai is one of the very few places on Earth in which you can see robots in some places serving the residents.

Fabulous shopping opportunity:

Dubai has been always renowned for its luxury shopping. As a resident of this legendary city, you can buy your clothes, accessories, and home appliances from latest collections of world’s top designers. You and your family can immerse yourself in the fabulous experience of shopping that Dubai provides you with!

Cosmopolitan vibes:

If you are worried about learning Arabic before moving to Dubai, you should know that English is widely spoken in this paradise. You’ll never need to the learn Arabic as English is the second language in Dubai. If you look at the road signs, you’ll see that they are available in both English and Arabic. Besides, if you want to ask a question from someone in the street, you can be sure that they know English, and can answer your question. Because the population of Dubai consists of those who have immigrated from a corner of the world. In other words, you can find people of any nationality and from any country and continent in Dubai. So, for those who buy house in Dubai it is super easy to communicate to almost anyone in the city!

 

Required Fess to Buy A Property in Dubai 

In addition to paying the property price, there are other fees that you should pay. Below, all of these expenses are listed:

  • 4% DLD fee (that should be paid to Dubai Land Department)
  • AED 430 for land or AED 40 for off-plan or AED 580 admin fee for apartments and offices
  • Property Registration Fee
    • Properties value below AED 500,000: AED 2,000 +5% VAT
    • Properties value above AED 500,000: AED 4,000 + 5% VAT
  • Service charge per square feet of the property (that should be paid to the property manager on a yearly basis)

 

How to Buy A Property in Dubai?

Whether this is the first time you are buying a property or you’ve done it before, the process can be difficult for you. Almost for all of property buyers or investors, no matter where they are, the process has its own difficulties. Dubai is also no exception. So, there are specific legal aspects regarding Dubai real estate that you need to know about as a real estate investor. This is why we are going to guide you on how to purchase a property in Dubai in this part of the article.

Based on the Article (4) of Law No. 7 of 2006, two groups of property buyers are allowed to own property in any part of the UAE. These groups include UAE citizens and GCC citizens. So, if you belong to any of these groups, you have more freedom to choose your property and own it.

Freehold property ownership in Dubai:

Under the same law that we talked about, foreign nationals are also allowed to own property in the UAE. However, owning property for these buyers has special conditions. These buyers are only allowed to own property in some areas that are designated as freehold.

Leasehold property ownership in Dubai:

There’s also another type of property ownership in Dubai which is called leasehold. The difference between these ownership types is the rights that they give to the buyers. Leasehold ownership allows you to own a property only for a certain period of time. On the other hand, the freehold ownership gives you the right to have 100% ownership of the property plus the land on which your property is located.

Buy A Property in Dubai through United Seven Real Estate!

In this article, we talked about anything you needed to know in order to buy a property in Dubai and invest in this Middle Eastern paradise. We outlined the advantages of investing in Dubai, the steps of owning a property in Dubai, and the best areas. We also talked about some of the best property developers in Dubai. But what makes our agency distinctive among other real estate companies include:

  • Buying properties direct from owner on your behalf
  • Property consultation without ANY commission
  • Giving online and in-person property advice
  • Rapid response to your inquiry on WhatsApp or phone
  • Helping you save money on your property purchase

**We are online on WhatsApp! Let’s start talking about your desired property in Dubai, and how to make it yours in no time!

Leave a Reply

Your email address will not be published.

Compare Listings