What is the current attitude towards Russians in the UAE?
The UAE maintains a neutral status. Representatives of different countries can live on its territory. Harassment is not tolerated at both the state and everyday levels.
What should you think about when buying real estate?
The main factors that should be taken into account when choosing an object are:
- facility infrastructure;
- its location;
- cost;
- payback;
- purchase purposes (rent, life, sale, trade, etc.);
- property size/area (studio, apartment, townhouse, mansion), number of bedrooms, floor;
- costs of operating the facility (they can be high).
You can discuss all these questions with our realtors, who will not only tell you about all the nuances and intricacies of purchasing and managing real estate in Dubai, but will also meet you at the airport, take you, show you the properties, and help with registration. We resolve issues not only with the selection of real estate for profitable investments, but also with relocation and obtaining a residence permit.
Which areas of Dubai should you pay attention to?
The desire to conduct production or distribution activities should lead you to the Jabel Ali region, where they provide exemption from customs duties and other benefits. And also the airport area.
For tourism it is worth choosing Abu Dhabi and Dubai. These are places of attraction for many people looking for entertainment, shopping, and craving luxury. Given the general conservative mentality of Arab countries, there are enough creative, extravagant projects there. There are many shopping and cultural centers, modern residential buildings with all the infrastructure, including swimming pools, sports complexes, garages, cinemas and workspaces.
What is the property tax in Dubai?
There is no annual property tax in the Emirate. When transacting with an object, a one-time tax is paid in the amount of 4% of the value specified in the contract. Regular utility bills for residential property are subject to payment.
Rent in Dubai: rates, conditions?
The rental cost is high here, despite the fact that the price per square meter when purchasing is not so high. Therefore, investments for subsequent rentals provide high returns. Which, by the way, is not taxed here.
Popular option — renting out real estate in a prestigious location for a short period of time to visitors. Our specialists will help you determine a strategy and offer options.
Security of investments during construction of a facility
Real estate and its purchase and sale in Dubai are under state control. The purchase is made through escrow accounts. Therefore, investments at any stage of construction are completely safe.
Residence permit: conditions
When purchasing real estate of any type, an investor, as well as members of his family, can obtain a residence permit and do not need to obtain a visa. If you have invested more than 205 thousand US dollars, then the residence permit period is 3 years. When investing from 550 thousand US dollars – 10 years.
What is the sequence of the transaction?
The purchase of a new building takes place from the developer with payment of reservation, as a percentage of the cost of the property. Payment in any convenient way. Then, when ready, an account is opened where you transfer the money. After registering the property in your name, the money is automatically transferred to the developer’s account.
Please note that your Russian bank should not be under sanctions.
Benefits from investing in real estate in Dubai
Today, Dubai has one of the fastest growing real estate markets. Prices for it and new offers are constantly increasing. This is especially noticeable in the premium segment. Therefore:
- Buy a luxury property today from a developer in the center of Dubai or a new residential complex, in a couple of years you will be able to return your investment with a profit of 10 to 15%. You definitely won’t lose.
- Purchase residential real estate of various sizes for rent, you will receive a stable income of 10 to 15% per year, in addition to the constant increase in the value of the property itself. Most of the residents of the metropolis are visitors (expats). They need housing, just like tourists. By renting out the latter, you can earn more, because the short-term rate is higher.
- Invest money in residential or commercial premises of any size, worth more than 205 thousand dollars, the investor will receive a residence permit, therefore, he does not need a visa, he can arrive in Dubai all year round, without leaving, and also have accounts in local banks.
- Invest in new buildings or secondary housing in prestigious areas, you can easily rent them out, sell them and buy other options/types of real estate. There are no restrictions for Russian citizens in the emirate. Transfers from Russia are accepted by all developers. Please note that your bank should not be under sanctions.
- Give yourself a break for a while or forever!!! A popular modern complex by the sea with a multi-bedroom apartment or a small studio on the ground floor overlooking the water/pool will be an excellent investment in accumulating strength for your achievements. You will buy a place where you can come on vacation at any time of the year or move to live.
Dubai is not only the business and cultural center of the United Arab Emirates, it is a resort place where you can enjoy the sea, sun, beaches and a lot of entertainment. What sets it apart from the capital of Abu Dhabi.
Install our application for IOS and Android, it is easy to use, you can quickly select a property, and after answering a few questions, the program will adjust to your priorities and will “guess” your wishes. Buy Dubai — application for searching and selecting real estate from developers in Dubai, which uses solutions that have proven their convenience in the real estate market.
Advantages of buying property in Dubai
Nightlife in Dubai has attracted a huge number of tourists from all over the world. This is one of the most visited cities. There is excellent shopping here with an abundance of luxury stores from prestigious brands with low prices, made possible thanks to low tax rates.
This and many other factors have led to profitable investments in the city and the Emirate. Dubai is the business and cultural center of the UAE. This is one of the two largest cities in the country, the second — capital of the United Arab Emirates Abu Dhabi. There is excellent trade and many tourists here. People come here to invest money, which gives impetus to the development of various sectors of the economy.
Thanks to this, Dubai has become a desirable place for real estate investment with high rental rates and rapid growth in property values. The Emirate’s leadership invests heavily in infrastructure development, which allows for quick construction and comfortable living.
Developers are building new buildings — residential complexes with different equipment options: swimming pools, modern gyms, places to work. Multi-storey buildings include apartments of various sizes: from studios to apartments with several bedrooms. They have different deadlines for delivery of the object. Popular type of purchase — object due for completion this year.
The main advantages of investing in Dubai are:
- quality real estate;
- fast growing market;
- state support for infrastructure and construction;
- tax benefits — VAT, income tax, etc.;
- possibility of private property for foreigners;
- convenient banking products;
- excellent business, cultural, entertainment infrastructure;
- abundance of tourists;
- possibility of obtaining a residence permit, visa;
- high standard of living for both nationals and expats.
To invest in real estate in Dubai, you need to study the market, with which our specialists will help you. We carefully select our staff and work only with trusted realtors. They will suggest a profitable strategy, depending on the volume of investment and the timing of the investment. Because profitable real estate is not always the most expensive.
There are a large number of developers in the Emirate; we work with the largest players in this market. We will select a property (residential, retail) for you in any area, according to your budget and investment goals. Our partners trust us. We can offer properties that are not available to a wide range of investors.
We have a convenient application for searching for objects and communicating with market specialists. We offer clients a full range of services:
- search, selection, purchase and sale of objects;
- rental property management;
- assistance with visa applications;
- tax consulting, legal services, etc.
You can contact us through the application or call. Managers will answer questions, guide you on strategy, and make a selection of suitable real estate. You will receive:
- list of suitable objects;
- their planning solutions;
- information about deadlines, age, condition, etc.;
- cost with installment payment options.
We value our clients’ time and work quickly.
Our advantages
- we work directly with developers, sellers;
- we check the legal purity of objects;
- we monitor the correctness of documents and registration.
Thanks to a convenient application for gadgets, we quickly answer questions, maintain continuous correspondence with clients, and suggest suitable solutions for real estate investments. BuyDubai is a new application for searching for real estate in Dubai with neural network integration.
