If you buy a property in Dubai worth at least €205,000, the government will issue the investor with a visa and residence permit. This documentation offers the possibility of also obtaining a residence permit for your family, opening a bank account, applying for an Emirati identity card and acquiring a driving licence.
The only document required to purchase a property in Dubai is a passport. Payments can be made by bank transfer, credit card, cheque, cash or crypto-currency. In addition, instalments can also be paid by third parties. There is no need to be physically present to make the purchase: the entire process can be done remotely via our Prestige Immobilier Dubai agency, as the documents will be delivered in electronic form.
In summary, what are the steps to investing in the Dubai property market?
- you carry out a demand analysis with a property expert on the property you are considering buying, your budget and your future expectations
- you choose the project that best matches your needs and what you're looking for and the property, within the same project, that has the greatest potential among those on offer
- you present your passport as identification and pay a small sum of money to secure the chosen property and take it off the market
- the booking form is then confirmed, with the owner's contact details and details of the property, also enclosing the following documents:
- the payment and the corresponding instalments. This form must be signed and returned electronically
- the procedure for registering the sale and purchase contract is initiated, which will be sent for signature to the buyer electronically. Another copy will be sent to the home address:
- it must also be signed and returned to the builder
- we wait for the work to be completed and book a ticket to Dubai to receive the keys to the property.
Beware: new projects with high profit margins remain on the market for a very short time, from a few days to a few months at most. That's why you need to be determined, focused and quick once you've decided to buy a property, house, flat in Dubai: That's the key to making the most of a dynamic and highly lucrative market!
It is well known that Dubai offers investors good conditions for buying property. There are real estate investor visas and other long-term visas.
Dubai is also quite homeowner-friendly when it comes to buying luxury properties. They are relatively cheap compared to luxury property prices in other popular cities around the world.
Aside from the fact that affordability is one of the main reasons to buy luxury real estate in Dubai, many people choose to buy and own real estate in Dubai because of the wide range of properties available. From beachfront villas and townhouses to high-end flats and penthouses in the city, the Dubai property market has it all.
The emirate of Dubai, one of the world's fastest-growing cities, is known for its tall skyscraper buildings, business districts and waterfront tourist attractions, not to mention some of the world's best shopping malls. But beyond all these tourist and leisure hotspots, you can also buy property in Dubai, either to add to your existing investment portfolio or to move into one of the world's best property markets.
Always is, knowing the advantages (and potential disadvantages) of buying property in Dubai allows buyers and investors to better understand the opportunities available to them.
Whether you are considering buying a flat in Dubai or another property, investing in the emirate holds promise. Choosing the best place to buy property in Dubai depends on your priorities, the size of your family, your budget and, if you're an investor, your financial goals. Fortunately, the supply of affordable, futuristic and uniquely designed rental accommodation makes the city a property investor's paradise.
From affordable one-bedroom flats to luxurious villas and palatial townhouses for sale, there's something for every style of property investor or home seeker in the emirate.
Dubai Marina can be considered the best place to buy property in Dubai. Naturally, properties bought in sought-after areas are worth more than in other neighbourhoods.Recent analysis of property prices in the emirate shows that Dubai Marina is the most popular area to buy a home in Dubai, closely followed by the tree-laden PaIm Jumeirah neighbourhood.
In other words, Palm Jumeirah comes in as the second most popular area to buy property in Dubai. Those looking to invest in property may wish to consider studios for sale in Palm Jumeirah, for example. The current starting price is between €500,000 and €600,000. However, this is an estimate and to find out exactly what the property prices in Dubai are, the best advice is to contact the CEO of our Prestige Immobilier Dubaï agency, Stéphane Maman, directly.
Those interested in larger properties will also find 2-bed villas for sale in Palm Jumeirah, which have a starting price of around €3 to €5 million. But even if you want to invest in cheaper properties, Dubai also offers a wealth of opportunities. In areas such as International City and the Dubai International Media Production Zone, you'll find a large number of flats and lofts priced under AED 300,000.
Always is, comparing Dubai house prices with a Dubai real estate agent is still the best help for buyers and investors to decide what is best for them.
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