Buying property in Dubai can be a big decision and a golden opportunity. In the past years, the UAE has become the economic hub of Asia and has grown very high. Dubai is one of the most populous and booming cities in the United Arab Emirates, and the real estate market there is very dynamic and complex. If you are planning to buy property in Dubai , stay with us until the end of this article. We will help you get to know everything related to buying a property in Dubai .
With its architectural beauty and endless economic opportunities, Dubai has become one of the top real estate investment destinations in the world. It is also one of the most advanced cities in the world in the United Arab Emirates , which is known as the bride of the Persian Gulf
One of the fields that has attracted foreign investors is real estate in this country. Not only is the city known for its high-rise towers and beautiful beaches , flexible property ownership policies and tax benefits have also helped attract international investors. Maybe you all remember the city of Dubai and the UAE with its modern and tall buildings.
This country is famous for having the best and most modern buildings in the world. Construction companies operating in the UAE take international standards into consideration. In addition to the profitability of buying property in this country, you should know that with a minimum capital of 800 thousand dirhams, you can get temporary residence in the UAE for yourself and your family.
The Dubai property market has experienced significant growth due to the UAE government’s incentive policies and protective laws for foreign investors. The city offers a wide range of residential, commercial and leisure properties, including luxury apartments, luxury villas, commercial offices and retail spaces.
One of the distinctive features of the property market in Dubai is the high variety of projects and facilities offered to residents. From residential complexes with stunning views of the Burj Khalifa to waterfront projects with direct access to the beach, they all reflect Dubai’s commitment to providing residents and investors with a high standard of living and well-being.
In recent years, the United Arab Emirates has been the destination of many immigrants and investors from all over the world. Although it is currently not possible to obtain permanent residence and citizenship rights in this country, you can obtain a long-term residence and extend it in many ways. One of the ways to obtain residency in this country is to buy a property in Dubai and other cities of the UAE.
It is interesting to know that the length of stay granted to foreigners after buying a property in Dubai or other cities is between 2 and 10 years, which is given to the individual according to the price of the property. Due to the high value of the UAE dirham, you can earn a good income by renting out your property.
The very high economic growth in the UAE has made even Europeans and Americans interested in buying property in this country. Of course, the valuableness of the Emirate visa is one of the reasons that has attracted investors from the Middle East countries.
Buying a property in Dubai is one of the ways to obtain residency in this country. As we mentioned in the previous section, the duration of each person’s residence visa will be different according to the price of the property they buy. It is better to know that in order to obtain a minimum stay of three years, you must buy a property with a minimum value of 800 thousand UAE dirhams.
Note that you cannot own two different properties at this price and get this visa. If you intend to extend your visa, please note that you must maintain your property and travel to the UAE once every 6 months. Otherwise, you may face problems in renewing your visa.
Please note that you cannot buy a property in any area you want, but it must be an apartment or a villa in one of the free zones of the UAE that are allowed to sell property to foreigners. It is better to know that you will receive a 5-year golden visa by purchasing a property worth 5 million dirhams and a 10-year golden visa by purchasing a property worth 10 million dirhams.
