Luxury Estates & Homes in Dubai
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WHY SHOULD YOU INVEST IN DUBAI?
- Strong economy: Dubai is an economic centre with diversified industries such as tourism, finance, trade and technology. The solid economy contributes to the stability of the property market.
- High growth rates: The city continues to experience impressive population and economic growth, creating high demand for property. Tax advantages: Dubai does not impose income tax or capital gains tax on property investors, which is attractive to international buyers.
- Quality of life: Dubai offers a high quality of life with modern infrastructure, excellent educational facilities, healthcare and a variety of leisure activities.
- Attractive yields: The property market in Dubai has historically generated attractive returns for investors.
HOW MANY ADDITIONAL COSTS ARE THERE WHEN BUYING A PROPERTY?
When purchasing a property in Dubai, buyers should expect to pay additional costs that can amount to around 7-8% of the purchase price.
These additional costs usually include
- Land registration fees: approx. 4% of the purchase price
- Brokerage commission: usually 2-3% of the purchase price
- Transaction fees: approx. 0.25% of the purchase price
- Valuation fees: depending on the valuer, usually around 0.1% of the purchase price
DO YOU HAVE TO BE A RESIDENT TO BUY A PROPERTY?
No, it is not necessary to be a resident in Dubai to buy a property.
Foreigners can buy property in Dubai without being a resident. However, there are certain regulations that may restrict the type of property and the location of the property for non-residents. It is advisable to consult with a local property expert about the applicable regulations before buying.
By the way: On this page you will find more second home luxury properties for which there is no main residence requirement.
This page has been automatically translated from German. Marlies Muhr Immobilien GmbH is not liable for any errors that may arise in the course of translation.