Hugo Victor 1831
Great buildings, as the high mountains are the creation of centuries.
ARTICLES
Freehold Ownership for Foreign Investors:
There are three ways to own real estate in the UAE.
Freehold is the unconditional ownership of real estate.
Leasehold — purchase on a lease for a period of 10 to 99 years.
Commonhold is a scheme in which buyers purchase apartments in full ownership, unite in an association of tenants and jointly own common territories. The term of ownership of real estate is not limited.
Citizens of countries outside the Cooperation Council for the Arab States of the Persian Gulf (GCC) have the right to purchase real estate in freehold only in the specified areas of the emirates: Ajman, Dubai, Abu Dhabi, Ras al Khaimah and Umm al Qaywain. Plots and real estate in other territories can only be rented for up to 99 years - leasehold.
Freehold is the unconditional ownership of real estate.
Leasehold — purchase on a lease for a period of 10 to 99 years.
Commonhold is a scheme in which buyers purchase apartments in full ownership, unite in an association of tenants and jointly own common territories. The term of ownership of real estate is not limited.
Citizens of countries outside the Cooperation Council for the Arab States of the Persian Gulf (GCC) have the right to purchase real estate in freehold only in the specified areas of the emirates: Ajman, Dubai, Abu Dhabi, Ras al Khaimah and Umm al Qaywain. Plots and real estate in other territories can only be rented for up to 99 years - leasehold.
Economic Stability and Visionary Leadership:
Dubai's economic stability and visionary leadership have played a pivotal role in transforming the city into a real estate haven. The UAE's pro-business policies, robust regulatory framework, and strategic location have fostered an environment conducive to investment. The visionary leadership has consistently focused on diversifying the economy, which has resulted in sustained growth across various sectors. This stable economic foundation offers investors a sense of security and confidence when venturing into the Dubai property market.
Strategic Geographic Location:
Dubai's strategic geographic location acts as a gateway between East and West, providing a perfect nexus for international trade and commerce. The city's world-class infrastructure, including state-of-the-art airports and seaports, facilitates seamless connectivity with major global markets. This advantageous location, coupled with excellent transportation networks, enhances the demand for Dubai properties, making them a highly sought-after investment option.
Burgeoning Tourism Industry:
Dubai's thriving tourism industry is a key driver of its real estate market. The city's exceptional hospitality and entertainment offerings have attracted millions of tourists every year, creating a sustained demand for accommodation. From luxury hotels to serviced apartments, investors can tap into this vibrant sector and capitalize on the ever-increasing influx of tourists. Moreover, Dubai's upcoming Expo 2020 promises to further propel the city's tourism industry, opening up even more avenues for investment
Tax-Free Environment:
Dubai's tax-free environment is a significant draw for investors. The absence of personal income tax, capital gains tax, and inheritance tax enables individuals to retain a higher portion of their investment returns. This favorable tax regime not only amplifies the allure of investing in Dubai properties but also contributes to the city's reputation as a global financial hub.
Freehold Ownership for Foreign Investors:
Dubai offers foreign investors the unique opportunity to own property on a freehold basis in designated areas. This ownership structure, coupled with the absence of restrictions on repatriation of funds, makes Dubai a highly attractive investment destination for international buyers. The ability to own property outright provides investors with the flexibility to sell, lease, or rent their assets, ensuring long-term returns on their investment.
Innovative Real Estate Developments:
Dubai is renowned for its innovative and awe-inspiring real estate projects that push the boundaries of architectural excellence. From the iconic Burj Khalifa to the Palm Jumeirah, the city has continually reinvented its skyline with extraordinary structures that capture the imagination. These visionary projects not only elevate Dubai's global standing but also provide investors with a diverse range of investment opportunities, from luxurious residential properties to commercial spaces and mixed-use developments.