Perks and cons of living in Dubai
Defining a specific country as the ideal for living would only partially be correct. But there is no doubt that the UAE would lead in such a list. Dubai remains one of the most famous but is far from the only city for a possible move to permanent residence.
There is an active development here, which allows you to buy housing for every taste. Citizens of different countries want to find luxury penthouses for sale in Dubai, UAE. The demand for it is traditionally high since life in Dubai for foreigners opens up great opportunities.
The main pros of living in Dubai compared to another country
According to AX Capital, this direction remains one of the most popular for those planning to move to permanent residence and to choose real estate in Dubai, among the advantages of which are:
- The warm climate is one of the main advantages of living in Dubai.
- Developed infrastructure.
- Transport accessibility of the region. The advantages of real estate in Dubai include the ability to fly anywhere.
- Safety. Another benefit of real estate in the UAE is the almost complete absence of crime.
In studying the pros of real estate in Dubai, the only drawback that can be considered is that only some of the benefits and privileges of UAE citizens are available to foreigners who have yet to receive citizenship.
Purchasing property in Dubai
The main thing to consider is the relatively high cost per square meter of housing. However, this concept is entirely relative, especially considering that buying with borrowed funds is also possible and completely for cash. Compared with the capital of many counties, you can buy an apartment in Dubai, the advantages of which are obvious, and save money. Other advantages include the following:
- Transparent legal framework. The state determines the areas in which citizens of other countries can buy apartments, flats, houses, and villas in full private ownership.
- The liquidity of housing, the price of which is steadily rising. Even if a decision is subsequently made to change the place of residence, the sale will be smooth.
The advantages of real estate in Dubai from a financial point of view are obvious.
Buying a property in Dubai: the pros of investing
The cost of Arab real estate directly depends on the location, area, and type of construction. In addition to the business development zone, the city has residential areas, a historical center, and areas with elite real estate. The main advantage of investments is the specifics of taxation. Residential properties are not required to pay tax on rental income.
In principle, there is no taxation of personal income, which is a significant advantage of living in Dubai.
The main advantages of buying real estate during the construction phase:
- the price of the object is 20-30% lower than the market price;
- the developer offers interest-free installments;
- the opportunity to choose real estate from a wide range;
- often, you can order additional furniture, premium finishes, or installation of appliances;
- after the construction, you get a new home in which no one has lived before you.
In Dubai, there is no such thing as long-term construction. Projects are handed over in strictly stipulated terms.
Investing in real estate
You can invest in both the primary and secondary markets. Dubai's off-plan projects also participate in the official status of the investment program.
To apply for a golden visa, an investor must prepare the following documents:
- certificate of license of the property in Dubai;
- a document confirming the value of the residential property (a letter from the Land Department);
- contract of sale;
- a copy of the investor's passport, his medical insurance, and a certificate of no criminal record;
- a copy of a valid visa;
- color photo 3×4 cm.
This list of documents is incomplete. If the main investor is married or has children over 18, additional certificates and certificates must be provided.
It is worth noting that the golden visa opens up new prospects for the investor. By purchasing real estate for sale in Dubai, the owner not only gets the opportunity to live in the Emirates for several years but also provides himself with the following benefits:
- optimization of taxation;
- opening a bank account for the smooth execution of international transactions;
- obtaining higher education in world universities;
- the right to visa-free entry to foreign countries.
Buying penthouses in Dubai: the benefits of professional assistance
It is much safer to entrust this process to real estate agencies specializing in the United Arab Emirates. They will explain all the advantages of buying property in Dubai and help with the choice. In the https://www.axcapital.ae/ catalog, you can get acquainted with the options presented on the Arab market right now.
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