PROPERTY
Permanent property rights, handed down from generation to generation
FREEHOLD
According to Dubai law, overseas people can legally hold apartments with permanent property rights (while domestic property rights are only 70 years) and are handed down from generation to generation. They also have the same rights and interests as Dubai’s and are protected by law. If a developer or government wants to buy your house, they can only ask for your advice and can not force the land’s purchase or demolition because it is private. The government can’t demolish it.
High-quality fine decoration, no shared area
HIGH-QUALITY DECORATION
Most of Dubai’s apartment products are finely decorated, equipped with floors, walls, bathrooms, kitchen cabinets, embedded wardrobes, and so on. Simply understand that the hard clothes that can not be removed are yours, which significantly reduces the cost of decoration and time and is highly suitable for foreign investors. Compared with the domestic, spend millions of houses, usually spend 20-30% of the house price renovation, purchase Dubai refined decoration property equivalent to a 20-30% discount. Simultaneously, Dubai apartments’ unit price is calculated according to the use area, excluding the shared area. Imagine, when you look at the model house 70 square meters of 2 rooms and 1 hall, it feels like the follow-up to 100 square meters of the same size, because the sale is the use area, what you see is what you get, do not have to pay for the shared area. If the shared area of domestic property is about 25%, it will be equivalent to a 25% discount on Dubai’s house price. Counting the decoration cost saves 45-55% of the hidden cost, so Dubai’s house price is only half of the domestic house price.
The house price is relatively cheap, the total price is low, the down payment is low and the unit price is low.
THE TOTAL PRICES IS RELATIVELY LOW
The average price in downtown Dubai is about 30,000-40,000/average. Dubai’s property is mainly single to two rooms, and the main area range is 40_-100_ (use area), also calculated according to the unit price of 10,000/, the total cost is between 400,000 and 1 million. The total price is lower, the investment threshold is lower, the same money can buy more houses to spread the risk, and the rental return of small apartments is higher.
The city offers higher rental yields than any other well-developed real-estate market. On average, the investors could get gross rental yields of between 5-9%.
In Dubai, the property prices per square foot are lower than in many other cities globally. It makes Dubai an affordable location to own prime real estate. Dubai offers you a large home or well build-up area of over 3000 sq. ft for $1M.
The new visa laws linked to property investment in Dubai enables investors to gain a residence visa subject to certain conditions. If a property costs AED 1 million, you may be entitled to a 2 years residence visa. For AED 5 million, it is 5 years, and for AED 10 million, it is a 10-year residence visa.