Real Estate in Dubai

[Christian]

HI everyone! One of the biggest steps in people’s lives is the purchase or sale of a home or investment property, and this is especially true when investing in a foreign country.
I will try to give you my reasons why to invest in Dubai.
• First of all is future demand: Population is destined to increase from 1m to 3m whilst tourism will also triple from 6m to 15m, by 2010
• Also there is future supply: to manage the demand-supply ratio carefully thus maintain strong growth & returns it is Government controlled
• 0% Capital Gains Tax
• 0% Rental Income Tax
• Reagarding to Legal & Notary Fees: None required, although legal advice is recommended
• 1.5% Land Registration Tax is paid to the Government on completion
• 1-7% Transfer Fee is paid to developer on resale of contract before completion
• Simple buying process. No Company formation is no National registration required
• Payment Structure: Following an initial reservation deposit, a deferred payment structure is usually provided by the developer with payments spread over the construction period
• Finance: This is available to non-UAE residents only on certain projects, with competitive interest rates from 6 - 9%, and usually with 15 yr terms and reasonable conditions
• Capital Appreciation: Recent years have risen between 15 - 25% annually
• Rental returns: Recent years have returned between 10 - 20% annually
• Freehold: The right to obtain freehold rights on your property is provided with most non-UAE purchases of property.
• Resident visas are supplied with non-UAE purchase on property

So as you can see there's no taxes of any kind no even hidden.With an escrow account you have the assurance, security and safety that your monies are protected by an impartial third party.

Always happy to answer your questions
Kind regards.

[Cleo]

I would love to visit Dubai, I have a real estate company in Cyprus and have some contacts in Dubai that want me to market their property but I haven't gotten around to uploading or creating a page for them yet. Good luck, however Dubai seems like such a hot spot right now I don't think you will need much luck in selling it!