How to Buy a House in Dubai

How to Buy a House in Dubai

Dubai: UAE properties can offer a high yield return on investment (ROI) of up to 9% annually. With such high returns, the productive market of Dubai offers huge property benefits. Now, Dubai has become the best investment place in the world. Thus, the real estate has never seen a major dip over the years. Keep reading the news till last to go through the guidelines for buying a home in Dubai.
Read more: UAE Golden Visa: How to Apply & Requirements

According to the sources, buying a home in Dubai could offer you a range of financial benefits. It will perhaps be the best investment decision you could take in your life.

Who can Buy a Home in Dubai?

No matter if you are living in UAE or Dubai or a foreigner, purchasing a home is quite easy if you follow these steps.
It is pertinent to mention that if you are a foreigner then there are certain areas in which you can invest in real estate. These areas are called “Freehold”.
All the expatriates can buy property in Dubai as per the UAE Government Portal without any restrictions or leasehold for up to 99 years.

Requirements for Foreigners:

There are certain requirements for an expatriate to invest in Dubai, such as:

• Foreigners are not required a resident visa for investment
• All you need is a passport for identification
• Your desired property value must be AED 2 million, offering an opportunity of a Golden Visa
• As a foreigner, your least salary must be AED 12,000 to AED 20,000 per month with proof of work

Tips for Investment in Dubai

Several tips must be considered while purchasing a home in Dubai

• Location: choose the location after thorough research and consultation
• Avoid Scams: When consulting a real estate entity, be sure to be in agreement with authentic parties while fulfilling all the legal matters
• Complete Documentation: Be sure to ensure your documentation abides by the relevant rules and regulations described by the government departments

Taxes:

Several taxes are involved in the property transactions, such as:

• Pay 4% transfer fee to the Dubai Land Department
• Pay 5% monthly house fee of the average rental value in the area of your ho

Read more: Dubai's New Residential Project to Offer Recreational Activities

The real estate market of Dubai is always ripe for investment. If you are looking for investment options in Pakistan then CALL US NOW at 080000800 or 03005550291.
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