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.