What makes you want to invest in Dubai?

It is not hard to understand why Dubai is a haven for real estate investment, especially with its constantly growing population and thousands of foreign workers moving to Dubai each year to extend their careers in a safe, cosmopolitan, and global trading hub.

Due to the issuance of a long-awaited foreign property ownership decree in 2002 that allowed non-UAE nationals to own property in Dubai, the city has seen a massive construction boom attracting overseas investors to invest in its property market.

Dubai offers many housing investment opportunities today, including ready-to-move-in properties and long-term investments.

Highly Regulated Industry

Dubai's real estate laws and regulations protect the interests of investors in real estate.

The Dubai Land Department (DLD)

Land transactions are handled by the Dubai Land Department (DLD), which also approves, organizes, and documents transactions pertaining to registered land and real estate in Dubai.

Currently, the DLD offers 26 main services and 216 sub-services to clients in the real estate sector, including land and title registration, registration of real estate professionals, and development of a regulatory framework to attract and manage investments in the real estate sector, while disseminating knowledge and awareness of applicable legislation.

To encourage investors to keep track of real estate prices in Dubai, the DLD compiles and posts on its website weekly and monthly information about real estate transactions.

Real Estate Registration Agency (RERA) – Regulatory Arm

To ensure an investment-friendly environment based on international best practices, the Real Estate Regulatory Agency (commonly referred to as "RERA") was established in 2007 to create legal frameworks and mechanisms and regulate the activities of real estate development and brokerage companies and owners associations.

The RERA monitors all development projects both on a financial and technical level to protect the broader interests of investors and the market. Additionally, RERA is responsible for monitoring compliance by developers, brokers, and other licensed real estate professionals with applicable laws and regulations as well as for imposing penalties for violations, including cancellations of stalled projects.

Real Estate Investment Management and Promotion Center - Investment Division

In addition to supporting local and foreign investment companies, the Real Estate Investment Management and Promotion Center enhances market activity by encouraging direct and long-term investments.

Moreover, it contributes to sustainable development by promoting a stable and secure environment.

Would you like to invest in real estate in Dubai? Make sure you know your rights!

Immediate Residency

Individuals who buy residential properties in Dubai gain a shortcut to legal residency in the city thanks to investment-friendly visa programs that apply to those who invest in a property worth more than AED1 million (Approx. $273,000 USD), with a mortgage of up to 50% of the property value.

If each investor has a share worth at least AED 1 million in a jointly owned property, they are eligible to apply.

An investment must be made in a single residential property and not in a commercial property. In addition, the visa is only applicable to freehold residential properties. Off-plan properties cannot be used to apply for this visa.

As long as the investor owns property in the country, the visa can be maintained for up to five years.

Individuals who have purchased a property worth at least AED 1 million are eligible for the three-year visa. In contrast, the five-year visa requires ownership of property worth at least AED 5 million (Approx $1.4 million USD).

Attractive Rental Yields

With attractive property prices, payment plans, and more, buy-to-let remains a popular investment choice for buyers looking for steady returns. In Dubai, buy-to-let investors can expect an ROI of 5% - 6% for ready properties.

By investing in an apartment or villa and renting it out on short-term leasing, investors can also take advantage of the high demand for short-term rentals and the high tourist turnover in the city, which is becoming increasingly popular for tourists looking for an "Airbnb" and authentic vacation experience.

Rent-to-Own Scheme (Ijarah)

Rent-to-own is an agreement between a developer and buyer that allows the buyer to pay rent while saving for a down payment. It is becoming more popular since the DLD launched its rent-to-own service, a specific title deed register that provides a clear legal framework to facilitate such transactions.

This arrangement relieves buyers of the pressure of a large down-payment and enables them to enter the market faster. Developers also gain access to a broader pool of buyers, who may not have the massive down-payment.

Favorable Taxing Conditions

The real estate industry is no exception to Dubai's taxation system, which is known for its low tax rate on real estate investments. Real estate investors in Dubai gain maximum profit without paying property tax or stamp duty.

Hot Spots for Every Lifestyle

The location of a property, whether it's near the beach, in the middle of the city, or secluded in the desert, is a crucial investment factor in Dubai's real estate.

In addition to facilities and proximity to transport and schools, a buyer should consider quality, maintenance costs, interest rates, and current market conditions.

Safe and Desirable

A global trade hub as well as one of the world's major financial centers, Dubai is home to more than 200 nationalities with expats and immigrants accounting for more than 80% of the total population, making Dubai a multicultural melting pot where everyone feels welcome to call it their second home.

Investing in Dubai is safe; the city is one of the safest and most tolerant cities globally, home to happy communities thriving in a peaceful environment.

Dubai's global reputation as a city, market, and economy make it the ideal location to launch and grow a business.

Now let me ask you: Is DUBAI on your investment list?

Contact me today to get Started!

Contact info:

Eugene Beliakov

Director of Strategic Growth and Global Expansion

HomeLife Realty Services Inc.

200 - 3500 Dufferin Street, Toronto, ON, Canada

Office: +1-416-733-9966 ext. 3504

Cell: +1-437-245-5638

Email: [email protected]

Source: https://invest.dubai.ae/-/life-in-dubai/real-estate