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7 ADVANTAGES OF BUYING PROPERTY IN THE UAE FOR FOREIGNERS IN 2023

2. Residence in the United Arab Emirates

One of the most important benefits of investing in buying property in Dubai is getting a residence visa in the United Arab Emirates. Thanks to the incentives provided by the government to encourage investment, where

Investors coming to the Emirate of Dubai can get a 10-year visa if the investor owns a property worth more than AED 10 million.

In addition to the other benefits provided in the 5-year visa, as is the case with the 2-year visa.

A residence permit in the UAE entitles you to many benefits, not just being a foreign investor.

3. Tax exemption when buying property in Dubai

The UAE is known for not levying property taxes like other countries in the world, which makes it an attractive environment for property investment

Generally, residential property is exempt from value added tax, which means that if the property is residential and does not include any commercial activity, the owner cannot charge value added tax on the rental or sale

Purchase of a residential building “off-plan” is subject to zero VAT, i.e. direct purchase from the developer before construction begins or purchase of a partially completed residential building

4. Security in Dubai

Security, which is one of the features of the emirate, where currently no crimes are heard of happening in the emirate, while other countries are trying to cope with the rising crime rate, Dubai has become one of the main areas in the eastern region.

Middle and North Africa, when it comes to security. In addition to being equipped with the latest technology that can compromise any criminal, Dubai has. There are almost no cases of theft, as you can safely walk alone

Thus, at night, they are an invaluable advantage when buying a property in Dubai.

5. Cutting-edge technology and innovation

Dubai is a modern, smart and innovative city with the highest level of development as the government plays a major role in improving infrastructure and supporting innovation and technological digital transformation.

Dubai aims to provide comfort and luxury to its residents with an improved public transportation system, modern amenities and exciting entertainment venues.

Buying a property in Dubai allows you to enjoy the best amenities as per international standards, with well-designed transportation networks allowing you to move around easily and in an ideal time frame.

The Dubai government is actively involved in developing innovative ideas and smart solutions. This is what makes it an ideal place to live and settle.

6. Low Cost

Real estate in Dubai is considered to be one of the best and most affordable in the world. Compared to the cost of buying in other countries, the emirate will provide you with the best value for money.

The average price per square foot in Dubai is much lower compared to real estate in Europe or the US, so the availability of premium properties that meet and even exceed the standards of these cities is enough to make

For example, for any buyer who is investing in Dubai real estate, Dubai property prices range from AED 60 to AED 100 per square foot in secondary areas such as Dubai Sports City or Dubai Silicon Oasis. As for sites

The larger ones such as Downtown Dubai and Dubai Marina can cost between AED 250 to AED 350. However, these prices are still relatively cheaper compared to real estate in prime locations in other countries.

Where the United Arab Emirates is constantly working to provide investment incentives and incentives that encourage business owners to start their investments in it.

This is also due to the country’s strategic location, financial reserves and cooperative and friendly relations with countries around the world that increase investments in them.

7. Ease of Purchase and Flexible Payment Plans

One of the most important advantages of buying property in Dubai is that ready and off-plan projects are available at significantly lower prices, which also offer payment plans and attractive offers that allow you to invest in buying a property at an affordable price.

The implementation is easier, given that the investor gets a new property with full amenities at an affordable price and flexible payment terms compared to ready projects.

Both first-time buyers and investors can take advantage of the great financial flexibility offered by off-plan properties in the emirate. For example, when announcing new projects from time to time, the developer may offer a payment plan that allows

Buyers are required to pay 20% down or 30% and the rest in installments upon completion.

Every investor in the United Arab Emirates has a different approach to investing. Some of us think of investing in mutual funds.

Some of us resort to investing in stocks and the stock market. And the vast majority of people believe that traditional investments are the most successful of all, so,

They decide to start investing in buying real estate in the Emirates, as the UAE is a fertile and ideal environment for initiating various types and forms of entrepreneurial activities.

investments, and this is mainly due to the highly developed infrastructure, as it provides an endless choice of residential units and properties for sale in the Emirates,

It is a preferred destination for investors, business owners and capital. The state offers many advantages to those who wish to invest in real estate in its regions.

It is not limited to just citizens but also provides a number of amenities for residents and foreigners. 

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1. Economic Stability

The United Arab Emirates is characterized by its economic stability, which in turn is the main reason for the increase in demand for investments in the country (of all types)

According to the Global Competitiveness Report 2019, the country was ranked 25th among the most competitive economies in the world as it ranked first in the Middle East region in terms of economic stability.

Despite the obstacles that Dubai has faced in recent decades, it has remained stable and has become an economic powerhouse in the Middle East and North Africa region. Buying a property in Dubai is a good investment option.

As its market is flexible and it is one of the fastest growing economies in the world, and therefore this feature is one of the main reasons why you should pay attention to it when buying a property in Dubai.

2. Residence in the United Arab Emirates

One of the most important benefits of investing in buying property in Dubai is getting a residence visa in the United Arab Emirates. Thanks to the incentives provided by the government to encourage investment, where

Investors coming to the Emirate of Dubai can get a 10-year visa if the investor owns a property worth more than AED 10 million.

In addition to the other benefits provided in the 5-year visa, as is the case with the 2-year visa.

A residence permit in the UAE entitles you to many benefits, not just being a foreign investor.

3. Tax exemption when buying property in Dubai

The UAE is known for not levying property taxes like other countries in the world, which makes it an attractive environment for property investment

Generally, residential property is exempt from value added tax, which means that if the property is residential and does not include any commercial activity, the owner cannot charge value added tax on the rental or sale

Purchase of a residential building “off-plan” is subject to zero VAT, i.e. direct purchase from the developer before construction begins or purchase of a partially completed residential building

4. Security in Dubai

Security, which is one of the features of the emirate, where currently no crimes are heard of happening in the emirate, while other countries are trying to cope with the rising crime rate, Dubai has become one of the main areas in the eastern region.

Middle and North Africa, when it comes to security. In addition to being equipped with the latest technology that can compromise any criminal, Dubai has. There are almost no cases of theft, as you can safely walk alone

Thus, at night, they are an invaluable advantage when buying a property in Dubai.

5. Cutting-edge technology and innovation

Dubai is a modern, smart and innovative city with the highest level of development as the government plays a major role in improving infrastructure and supporting innovation and technological digital transformation.

Dubai aims to provide comfort and luxury to its residents with an improved public transportation system, modern amenities and exciting entertainment venues.

Buying a property in Dubai allows you to enjoy the best amenities as per international standards, with well-designed transportation networks allowing you to move around easily and in an ideal time frame.

The Dubai government is actively involved in developing innovative ideas and smart solutions. This is what makes it an ideal place to live and settle.

6. Low Cost

Real estate in Dubai is considered to be one of the best and most affordable in the world. Compared to the cost of buying in other countries, the emirate will provide you with the best value for money.

The average price per square foot in Dubai is much lower compared to real estate in Europe or the US, so the availability of premium properties that meet and even exceed the standards of these cities is enough to make

For example, for any buyer who is investing in Dubai real estate, Dubai property prices range from AED 60 to AED 100 per square foot in secondary areas such as Dubai Sports City or Dubai Silicon Oasis. As for sites

The larger ones such as Downtown Dubai and Dubai Marina can cost between AED 250 to AED 350. However, these prices are still relatively cheaper compared to real estate in prime locations in other countries.

Where the United Arab Emirates is constantly working to provide investment incentives and incentives that encourage business owners to start their investments in it.

This is also due to the country’s strategic location, financial reserves and cooperative and friendly relations with countries around the world that increase investments in them.

7. Ease of Purchase and Flexible Payment Plans

One of the most important advantages of buying property in Dubai is that ready and off-plan projects are available at significantly lower prices, which also offer payment plans and attractive offers that allow you to invest in buying a property at an affordable price.

The implementation is easier, given that the investor gets a new property with full amenities at an affordable price and flexible payment terms compared to ready projects.

Both first-time buyers and investors can take advantage of the great financial flexibility offered by off-plan properties in the emirate. For example, when announcing new projects from time to time, the developer may offer a payment plan that allows

Buyers are required to pay 20% down or 30% and the rest in installments upon completion.

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