Monday, 31.07.2023

The dream of owning real estate in Dubai: opportunities, returns and security.

Buying a property in Dubai can prove to be an excellent opportunity for foreign investors. Especially in the freehold zones, which offer full ownership rights, the buying process is straightforward. A title deed confirms ownership and gives foreign investors the ability to own, rent, sell and manage the property.Dubai's appeal lies in its impressive tourist numbers, which provide an increased demand for vacation properties and therefore a source of stable rental income for investors. In addition, Dubai is a popular place to live due to its dynamic population growth. With people from over 200 different countries and cultures, the city is a true international hub. Dubai is not only a sought-after destination for tourists, but also offers expats a safe and pleasant living environment with one of the lowest crime rates in the world. The risk of a real estate bubble in Dubai has decreased significantly in recent years and price volatility is now lower than in the past. Dubai also scores highly in terms of returns. Depending on the location and type of property, investors can expect a yield of 5 percent to 8.4 percent. From a tax perspective, Dubai offers considerable advantages. Income from property sales and rental income is tax-free. However, a transfer fee of 4 percent must be taken into account when buying a property. Despite this fee, Dubai ranks second among locations with the lowest real estate fees, according to a report by global real estate consultancy Knight Frank.ImmoLeague's portfolio includes a wide selection of attractive properties in Dubai. The ImmoLeague team provides clients with expert advice on the advantages and potential that Dubai offers as a location.