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Well, this article is for the end users homeowners – expatriates in Dubai.
Dubai is a great place for business opportunities, striving career, a safe environment, high level of lifestyle. According to the Ministry of Foreign Affairs, the expat population in UAE is 88% against 12% of the locals. And all expatriates have this big question: shall I invest in my place or keep renting? I would put this question differently: WHY RENTING AND NOT BUYING?
Property ownership in Dubai is very straight and clear: it is a proper free hold in the designated areas (which is pretty much most of the areas in New Dubai)
Property ownership has all legal rights as per international standards: it has no restrictions on selling, gifting, and inheritance law as per the country of the owner.
NO TAX on the residential property transactions! Isn’t it attractive enough to own?
And the big pro is – affordable mortgages with easy procedures by the local banks. In this case, you will pay way lower than any rent WITHOUT adjusting to the steady market increase. You better keep the money in your own pocket, rather than in your landlord’s!
You can always quit this investment if you decide to quit Dubai, aaand – surprise surprise! - The Value Appreciation here is mad! Some areas are reaching 200%! All you have to do is - invest in the right property! Yes, not all development in Dubai can bring you that high-Value Appreciation and you have to choose the right development.
But how to understand your property’s future Value Appreciation? You just need to speak to me about the trends in various areas. I will provide you with the latest report by leading analysts and will go with you step by step through this difficult but exciting journey!
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