Known as the city of hundreds of dazzling skyscrapers, premium facilities and high standards of living, Dubai is one of the leading global cities and biggest business and tourism hubs. Its world-class architecture, high returns and free trade zones with the tax-free policy attract thousands of investors and tourists every year.
Many expats choose this city to build and develop their career, to increase earnings and improve the quality of life. In fact, the share of expats in Dubai reaches 85% of the whole city’s population as this fast-growing city has so much to offer when it comes to business and property investment.
The real estate market in Dubai offers many different options to consider. From reasonably priced studio apartments to exclusive lofts, penthouses and full-floor apartments with top-notch amenities and breathtaking views, the city has options for all tastes and budget.
Foreigners can buy apartments in special designated areas - freehold areas. Buying property in these areas, you get a 100% ownership of the property and the land it stands on. The most popular among foreigners freehold areas in Dubai include:
These areas of the city are home to the most expensive luxurious apartment options in the best development projects and record-breaking skyscrapers like famous Burj Khalifa.
If you are searching for something more affordable, then you should consider apartments in Jumeirah Village Circle, International City, Town Square and Liwan.
You can also consider apartments in leasehold areas. In this case, you own your property for 10 to 99 years. After that, the lease term expires, and the property is reversed back to the freeholder (a GCC or UAE national landlord).
Apartments in Dubai are usually sold as commonhold properties. This type of property means that multiple investors own flats in a building and they pay fees for maintaining common areas in the building. As a rule, the owner of the building/ developer collects these fees.
Dubai is known for high rental yields. The ROI varies from 9% to 5%, depending on the type of an apartment and the neighbourhood where this apartment is located. The highest ROI is observed in International City, Dubai Silicon Oasis and Jumeirah Lake Towers. Apartments in Downtown Dubai, Dubai Marina and Palm Jumeirah will ensure you a ROI of around 5.4%.
Are you looking for an apartment for sale in Dubai? Search no more. Our highly experienced real estate experts will help you find an ideal option taking into account all your requirements and needs. Whether you are thinking of buying an affordable option for relocation or a profitable buy-to-invest apartment, on Ax Capital you are ensured the very latest apartment deals. Our real estate agency in Dubai provides a comprehensive set of top-quality real estate services, including paperwork assistance and assistance with applying for a mortgage. We will make sure that your property deal is legally correct and absolutely transparent.
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