The real estate market in Dubai has seen an increase in the number of expats and foreign nationals who are interested to invest in the city. Several people are still unaware about the fact that they can own a freehold property in Dubai and it is not constraint to 99 years lease anymore. Investors in Dubai can now invest in freehold apartments, townhouses, villas and even mansions very easily. Furthermore, people looking to invest in commercial properties are also eligible to opt for freehold shops, offices and many more options. With the no taxation policy in Dubai, investors can be rest assured that property investment in Dubai can only provide them with ample amount of profits.
The biggest and the foremost attractive asset is that of the high rental yields that an investor in Dubai can bag in of upto 8%. To cut the long story short, every foreign expat is allowed to invest in UAE and can earn a handsome profit out of it too. In this article, we are furthermore going to talk about the advantages of investing in UAE:
After finalizing the property and getting the loan, you are required to pay the deposit. The amount will be mentioned in a form, and it is usually between 5% and 15% of the property value. Developers do not drive sales and purchase agreements until you pay this deposit. While buying off-plan property, make sure that the payments you make are forwarded to a RERA- approved securities account. It is the real estate regulatory agency in Dubai that takes care of all the real estate investments. These payments are later transferred to the developer when the development of the property is completed.
To get everything done, you need to transfer the deeds. here you need to pay 100% of the purchase value of the property in Dubai. Until you transfer the deeds, you cannot own the property, so make sure to arrange the financing beforehand. You can inspect the property by visiting it to point out any issues that the developer should consider before finalizing the development.