Dubai has become a top location for real estate investment due to its skyline, modern lifestyle, and tax benefits.
Foreigners can own property in Dubai in 'Freehold' areas approved by the government.
Check the property developer's approval and have all necessary documents before making payments.
Dubai offers various areas for investment such as those for high rental income, long-term growth, or luxury living.
Consulting with real estate agents can help in finding the right investment area based on budget and plans.
Buyers should be prepared for additional costs beyond the property purchase price.
Consider whether to buy off-plan or ready-to-move-in property, weighing the advantages and disadvantages of each.
Dubai offers a strong rental market for investment, with popular short-term rentals like Airbnb.
Individuals can obtain mortgages from banks in Dubai, with varying rules for residents and non-residents.
Investing in Dubai has tax benefits like no property, rental, or capital gains taxes, and eligibility for UAE residency visa for properties AED 750,000 or higher.