Can Foreigners Buy Property in Dubai?
Yes of course! There is a big yes, as we say foreigners we don’t only mean non-residents. On the other hand, whether you are a non-residence or an ex-pat already residing in UAE, you’re surely welcome to buy a property in Dubai.
Dubai is well known for its investor-friendly properties. A big attraction of Dubai is its tax-free lifestyle ex: no annual property tax, no income tax, no capital gain tax, and no rental revenue tax. In Dubai real estate market, you’ll get good returns in short period time. We all know Pandemic changed everything over the world. Covid-19 sent shock waves through the world’s economy. In spite of all this Dubai real estate market had recovered very soon. The biggest reason behind fast recovery is tourism. Dubai is centre of attraction for foreign visitors and real estate investors. Foreigners are more interested in big villas than apartments. That means there is a great opportunities for good return. They love beach –side apartments.
Benefits for foreigners:
There are many benefits to buying property in Dubai. Most prominent benefit is obtaining a residency visa. Furthermore, we can add a lot more to the list starting with multicultural environment. The UAE is home to 200 nationalities and their government consider diversity of culture and religion in UAE society as source strength and enrichment. They promote awareness about cultural awareness diversity values.
Non-national student can apply to all public & private educational institutes. Especially, when it’s come to providing them with educational options and allows them to retain & celebrate their cultural background. Also, foreigners have a visa relaxation facility from UAE government.
The major steps to buy properties in Dubai
Just simple steps to follow and they differ depending on whether you are purchasing a resale unit or a new one;
• If you go for new unit then choose a developer which approved by DLD (Dubai Land Department)
• Choose Real Estate Regulatory Agency – RERA registered agents in Dubai
• Apply Mortgage Loan (If Needed)
• Real Estate agent guide you to apply for no objection certificate (In case Reasale or New one)
• Register the property in Dubai Land Department on your name.
Where can we find most upgraded free hold properties in Dubai?
There are multiple choices for high class society and best freehold property in Dubai. There are many good developers which can provide us ultra -luxury apartments for lucrative prices.We can experience a beachfront neighbourhood. Properties location is very happening and posh. The community is home to many prestigious schools, nursery & day care. This community is very good option for living with all kind of generation. You can get easy accessto downtown, the marina and internet city.Dubai developers has a good craftsmanship work in their apartments designed very beautifully ,tapered columns ,exposed beams crown modeling handcrafted art glass, pewter custom built-ins. Dubai has a good Arabic flavour of food.
If you are planning any property in Dubai, it’s your time now to make use of all the facilities. And experience life in luxury way. Thank big and get your place in heart of Dubai. Dubai is known for its riches, and innovative developments. So there is a big chance to grab the golden opportunity to Buy Property in Dubai.