There are many expatriates who are interested in buying property in Dubai. Dubai is now considered as one of the leading real estate destinations in the world and it attracts more investors from around the world. Some of the most popular real estate companies in Dubai include the likes of Caves and Companies, which have a wide range of properties that are suitable for both private and commercial use.
Caves and Companies have several villas for sale in Dubai and are regarded as one of the top real estate companies in Dubai. UAE investors are able to purchase properties at a discounted price because they do not have to pay the property transfer tax (PST) applicable in the rest of the Gulf region. Other reasons for the discounted prices are lack of regulations on foreign property ownership and the high level of investment in Dubai.
Dubai’s freehold property laws allow foreigners to buy and own villas and apartments regardless of their nationality or location. This applies to UAE investors as well as those from other countries. Though Dubai does have some land boundaries, the freehold property law allows foreigners to move within the emirate even if they have to stay some distance from their residence. So if you are planning to invest in a villa in Dubai, it is advisable that you get in touch with an experienced real estate agent to find out which parts of the city you will want to invest.
Most villas for sale in Dubai are located in the famous areas of Burj al Arab and Jumeirah. They are located near the Burj al Arab Hotel, which is one of the most famous tourist destinations in the city. The international airport located in Dubai is just across the road from these villas for sale in Dubai. Most expats prefer to buy a villa because they offer good value for money and many of them can stay in them for a number of years.
The best time to invest in villas for sale in Dubai is between May and November. During this period, the demand for such villas for sale in Dubai is significantly higher than during the rest of the year. During the off-peak seasons, the price of such villas for sale in Dubai is lower compared to when they are on top of the list during the peak season. So if you are planning to buy freehold property in Dubai, then it is recommended that you buy during the off-peak periods of the year.
It is also recommended that you buy a property in Dubai either on leasehold or a freehold basis. Many expatriates choose to buy freehold properties in Dubai due to the tax benefits that they enjoy as an expatriate. When you purchase a freehold property, you are not required to pay monthly rental fees; however, you are still required to pay taxes on your property usage. On the other hand, when you get a leasehold property, you will have to pay a monthly rental fee, but you will only be required to pay tax on the overall value of the property.
Before purchasing property ownership in Dubai, it is important that you research extensively on the different areas where you want to settle in Dubai. Expatriates usually get attracted to Dubai’s business environment that is highly competitive and growing at a rapid pace. The growth of the city is being accelerated by an unprecedented number of developments taking place in almost every nook and corner of Dubai. There are so many real estate developments happening in Dubai that it is quite difficult to keep track of all of them.
Therefore, when you plan to purchase freehold property ownership in Dubai, it is vital that you talk to a reliable top real estate companies in Dubai to assist you in making the right decision. You can contact this agent through his or her website. This will help you to compare the different property offerings in Dubai before you make a purchase. You can also find out about other necessary things that you need to know about the property market in Dubai before you make a final investment decision. As a result, you can decide on whether or not to buy freehold properties or a leasehold property in Dubai.