Today, about 70% of emigrants live in the United Arab Emirates, but now there are people in many parts of the world who are going to emigrate in this country.
The local authorities have nothing against this and make living conditions more comfortable, because many immigrants do business in this country and make investments in the economy. They buy apartments and enrich construction companies and the state treasury. They work in positions that UAE citizens do not want to occupy (for example, workers on construction sites). In addition, highly qualified specialists come to the country, who have a good profit here (compared with earnings in these areas in other countries).
But before the residents of our country begin to pack their bags to travel to the Arab Emirates, you need to find out what the pros and cons of life in the UAE compared to Russia are today.
We have written an article about this, and we want you to find out more about the advantages and disadvantages of living in the UAE.
A lot of immigrants share their impressions of the state and highlight the following advantages:
• Low-cost movable objects. There are a lot of cars in the country, because their cost is low here. After the car has served its owner for about three years, it is considered old, so it is easily changed to another one. The frequent change of cars is also affected by the fact that it is not difficult to conclude a purchase and sale transaction of an object, and the purchase does not take much time. Of course, not all emigrants have their own cars, but the indigenous people prefer to have them.
Today, the UAE is one of the most progressive states in the world. Representatives of different countries and nationalities live here.
Foreigners with good money choose the United Arab Emirates to buy local real estate, to rent out the object and receive regular passive income. In addition, the apartments are taken to resell and have a good profit.
The choice of investors is influenced by the general standard of living, as well as the state of the real estate market. However, it is important to take into account not only the economic indicators, but also the local climate, because it also affects the ability to easily rent out your property to tenants. For example, you need to keep in mind that life slows down here in the hot months, because at this time, potential emigrants do not come here, and local residents leave the country for the summer, when the air temperature rises above +40 degrees. That is why those who is going to rent out housing for a short time, it is easier to find guests for this purpose in the autumn, winter and spring.
Do private owners have the opportunity to rent apartments in Dubai for a short period of time? According to Law No. 26 published in 2007, the owner can enter into a contract with tenants for at least one year, but this requires a written permission – a hotel management license, which can only be obtained by a legal entity.
What should the owner do in this case? The owner of the premises can sign an agreement with a licensed management company and transfer his property to the management of this organization, which will rent the villa or apartment on its own behalf.
Another advantage of buying an apartment here is the warm sea water. Its temperature is almost never below +25 degrees, which is very pleasant for those who like spending time on the seashore and sunbathing. A year-round summer, comfortable beaches, well-developed infrastructure of local settlements attract a great deal of tourists and immigrants to the Arab Emirates.
All this makes it possible to make successful investments in the purchase of local real estate, to have a good profit and much benefit.
Apartment owners can stay in their villas and apartments during their holidays, business trips or they can stay permanently in the country.
In addition, they have the opportunity to rent out objects or resell them in order to make a profit. That is why there are no disadvantages to invest in local real estate.
You can start your search for housing today. We have collected the best ads for the property sale in the United Arab Emirates. Our realtors are ready to help you choose the best villas and apartments, and our lawyers will prepare the necessary documents. Buy an apartment with our help, because it is convenient, safe and reliable!