Dubai is one of the seven emirates that form the United Arab Emirates. Dubai city is recognized as one among the fastest growing cities in the world. The city attracts many tourists from all over the world.
Import duties are very less in Dubai. Wide varieties of products are available at affordable prices. Dubai properties have attracted buyers from all parts of the world since its introduction of freehold status in 2004. The local rulers did not permit buying property in Dubai in the past. Dubai properties give a greater return on investment. Because the properties are not subject to any tax or stamp duty you can buy these properties at an affordable price. The best Dubai properties are available at budget, premium and super premium pricing levels. Buyers will have the right to gain residence visa status.
People interested in buying properties with freehold status are increasing now because the procedure to buy property in Dubai is less complex than in other countries. You have to complete reservation form and outlay a down payment to buy Dubai properties. After this the developer will then forward a sales contract, which will be the binding contract between the two parties as purchase agreement. To buy properties on completion of unit you will be required to pay 1.5% municipality tax to register the unit.
Dubai property comes in different forms such as villas, apartments, office spaces and hotels. So you have plenty of selections for real estate investment in Dubai. Real estate properties to invest in Dubai are available in Palm Island, Business Bay, Dubai Marina, Jumeriah Lake Towers, Dubai land, sports city and many other places.
Commercial property in Dubai will become very scarce around the next 2 years as more and more businesses moving into Dubai are creating high demand. Experts foresee that in the coming days there will be a major scarcity for commercial property in Dubai.
Landvestdubai, specialised in the promotion of real estate investment in the UAE, provides specialist advice on all aspects of buying Dubai properties.
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