UAE market has boomed unexpectedly in the last two and a half years.
You would wonder why invest in Dubai?
Dubai has been voted as being the most business-friendly city and a preferred investment destination for most international investors across the world.
The city enjoys economic growth and has a vibrant, sustainable society that embraces its multi-cultural community.
Dubai is a cosmopolitan and extravagant city best known for its iconic skyline, opulent lifestyle, and has built its reputation as a most favoured investor hub.
From an investor’s perspective, Dubai’s market is easy to enter.
The variety of real estate options is tailored by your budget and the attractive payment plans and mortgages accessibility for non-residents are easing everyone’s’ chances to become a homeowner abroad.
The returns on investments are high, with rental yields currently above 8%.
The other benefits that Dubai have to offer is their tax-free system;
- No residential property tax
- No corporate tax
- No income tax
- No capital gains tax
The only payment you will have to consider will be only the one-off property transaction and registration fees.
The route to qualifying for a visa is pretty much straightforward you can obtain a 5-year visa for making an investment of at least AED 1 million or above, the equivalent of 226,554.44 Pound sterling, current market exchange. For the 10-year visa route, an investment of at least AED 2 million is required, which is the equivalent of 453,246.80 Pound sterling, current market exchange.
Visas can be maintained for as long as an investor owns property in the country.