Buying an apartment in Dubai – advantages
Today Dubai is one of the most attractive locations for buying apartments, apartments and villas among Russians. And the current situation on the world stage only increases the demand for housing in the United Arab Emirates. According to experts, the demand in this country exceeds the supply. There are many reasons for this: there is a favorable tax regime for the buyer and the flexibility of the visa system. Now buying a home in the UAE and in Dubai in particular is a profitable and reliable investment.
The real estate market in the UAE and Dubai is developing at an accelerated pace, but demand currently prevails over supply, forming a decent cost per square meter of housing. Pricing is also influenced by a number of factors, including the location, novelty of the property and its area. Larger area – lower price per square meter. For example, an apartment in the residential complex will cost at least $ 2500, while the cost of the villa will be calculated in the region of $ 1500. For more information, see the website here: https://dubai.etagi.com/en-us/realty/
For residents of the CIS, the price may seem unreasonably high, but it should be borne in mind that housing is often sold with a ready-made high-quality repair, so that the buyer after the purchase can immediately move and settle in new conditions.
Real estate in the Emirates is also attractive because it is very comfortable to live here. There are a lot of various trading platforms, restaurants, business centers in Dubai. The developed entertainment industry is organically complemented by a well-thought-out transport network, including unmanned subway cars. The quality of roads is a topic for a separate article. Let's just say that the condition of the roadway is carefully monitored, and the interchanges are thought out to the smallest detail.
Depending on the class of the apartment, its location and the size of the lease, you can receive up to 10% per annum. At the same time, it is customary in the UAE to pay rent in advance and immediately for the entire period. The use of bank checks, the use of which without security in the country is considered a criminal offense, minimizes the risk of non-payment.
As part of real estate management, it is worth noting that despite the growing relocation of businesses to Dubai, the demand for office space is lower than housing. But even retail space, provided a good location, can bring up to 15% per annum.
Once in the UAE, Europeans and Russians, accustomed to income and property taxes and fees, are pleased to find that they simply do not exist here. This means that the ownership and leasing of real estate does not entail any financial obligations towards the government. Against this background, it is not surprising that the tax system of the Emirates is on the 4th place in terms of attractiveness for business.