PROPERTY FOR SALE IN DUBAI

High rates of return.

The average ROI in 2022 constitutes from 6 to 8% per annum, while in European countries, this indicator ranges around 2 to 4.2%. Countries such as Austria and Germany can serve as an example.

The policy of renting real estate established at the legislative level.

The owner of the property does not have to pay income tax and additional VAT for utilities. All documentation is regulated and controlled by RERA and is legally protected.

Transparent tax system when buying.

When purchasing real estate in the UAE, the 4% DLD fee, small additional costs for paperwork at the conclusion of the transaction, as well as an annual fee of about 4-5% of the cost for the maintenance of the building are paid.

At the same time, there are no usual expenses in Dubai that are associated with repairs and additional services.

Almost all tourist areas in the emirate belong to a freehold zone – Downtown Dubai, Palm Jumeirah, Dubai Marina, Business Bay.

‍By purchasing an apartment, villa or other type of real estate in this area, you can dispose of the property completely at your discretion, e.g. from resale, to pass on through inheritance, rental or using it as a permanent residence.

The cost of real estate.

In the UAE, there is an opportunity to buy real estate in any price segment: both in the budget segment, where you can find apartments for USD 70K, and the ultra-luxury real estate sector, where prices can reach several tens of millions of dollars. For example, the average prices for real estate during the period from the beginning of 2022 to October, have risen by 9.2%. Apartments and villas registered a 8.5% and a 13% increase. Such an increase in prices is associated with the successful handling of the COVID-19 pandemic by the Dubai government. This also demonstrates a moderate increase in prices without too much fluctuation. For example, in the USA, where the increase in real estate prices in Q2 2022 amounted to 19.2%.
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The pricing policy in the country is regulated and controlled by the state.

Purchase at the construction stage.

In Dubai, real estate is built in around 2–5 years on average, from the moment the project is launched within the market.

During this time, developers manage to create favourable conditions for the purchase of property, for example, the deduction of 50% or the entire DLD tax amount, payment plans for the construction period and so on.

This is also beneficial for investors because the price of an off-plan property is reduced by about 20-30 % of the final cost after commissioning. In the future, the property can be resold at a higher price or rented out, ensuring a passive income.