WHY INVEST IN DUBAI ?
Investing in real estate in Dubai offers a stable source of income: investments can offer excellent rental yields that, depending on the type of property and the area, can range from 5 to 12%. The particularly favourable tax system does not involve the payment of VAT, ICI, registration tax, capital gains etc. but only the payment of 4% when purchasing a property.
A resident visa is available for residential property owners. The minimum investment amount to obtain residency is AED 750,000 (approximately € 200,000). The visa offers many advantages: residency in the UAE; freedom to travel outside the UAE during the visa period; depending on your country's policy, not having to pay taxes in your home country; ease of opening bank accounts; the possibility of applying for an Emirati-issued ID and driving licence; and the possibility of obtaining sponsorship for your spouse, parents and children to live in the UAE.
Security of real estate investment
RERA (Real Estate Regulatory Agency) is the agency that regulates Dubai's real estate sector. All players in the real estate sector, builders and developers, must necessarily be registered with RERA in order to operate in the Emirate's market. The agency's database, easily searchable online, contains not only the track record but also the financial credentials of each builder/developer. The status of each project under construction in the territory is constantly updated.
The ESCROW ACCOUNT is an escrow account that protects the capital of those who choose to invest in real estate in Dubai. The investor, at the time of purchase, pays money into a third party account, managed by the Escrow agent, who will only transfer the money to the developer when the keys are handed over and only if all contractual points and agreed features of the property are met.