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Key Things to Know Before You Buy Property in Dubai for Investment

  • 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.

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