Dubai Properties for Sale
Dubai is a cosmopolitan city full of the world's firsts; it has the tallest buildings, the biggest man-made islands, and, of course, the most extravagant lifestyle. Living in Dubai is like living in the heart of everything; you can have mind-blowing experiences every day and witness the most amazing events and festivals.
Dubai is not just a city; it’s a country of its own that has everything you need to experience life to the fullest. From its beautiful beaches and luxurious hotels to its mesmerizing desert and heritage, it is the ultimate destination for those who want to have a memorable experience in the Middle East.
Dubai's flourishing economy has led to a leap in its real estate market. Many investors have trusted this growing emirate which led to maturity in the real estate market.
Officials have ruled out any possible slowdown in Dubai’s real estate market because of the more flexible laws and regulations of property ownership in Dubai. This has encouraged many businessmen to increase their investments in Dubai and instilled confidence among entrepreneurs who are looking to benefit from this great city.
Freehold Areas with Properties for Sale in Dubai
More and more new freehold districts keep springing up in Dubai to attract buyers and investors. One of the key advantages of buying an apartment, or buying a villa or a house in Dubai is the high ROI offered for buyers and investors.
In addition, these freehold areas are filled with properties for sale in Dubai, and the properties range from apartments and houses to villas, lands and commercial spaces to buy.
Some of the most popular freehold areas in Dubai are Downtown Dubai, Dubai Marina, Jumeirah Lake Towers, Business Bay, Arabian Ranches, Jumeirah Village Circle, Discovery Gardens, Palm Jumeirah, Damac Hills, Arjan, Al Furjan, and Dubai Creek Harbour.
Dubai properties for sale in those areas offer investors the opportunity to have a long- or a short-term investment. For example, some businessmen choose to buy property in Dubai, make some renovations, then sell it at a higher price. On the other hand, many investors prefer to take hold of the property and turn it into a successful project such as mega malls, restaurants and cafes.
Popular Areas to Buy Property in Dubai
Choosing a property in Dubai for sale is not restricted to businessmen and investors only; many celebrities prefer to have a permanent residence in Dubai, especially in the affluent area of Palm Jumeirah.
Other popular areas among high-net-worth individuals seeking properties for sale in Dubai are Dubai Marina, Downtown Dubai, and Dubai Hills Estate. The high-rise buildings in these areas have luxurious apartments for sale that attract many of those who want to enjoy the twinkling lights of Dubai.
What is more, Dubai properties for sale are also sought after by many Emirati people, villas and houses, in particular are in demand among Emiratis who want to live in Dubai. Even though Dubai is one of the most crowded Emirates in the UAE, many Emiratis prefer to have a residence in it since most of them usually have their companies’ headquarters in this Emirate. Properties for sale in Dubai’s Palm Jumeirah, Arabian Ranches and Jumeirah Golf Estates are perpetually popular among Emiratis.
With that said, it’s also possible to find cheap properties for sale in Dubai, thanks to the growing popularity of affordable areas like Dubai South, Jumeirah Village Circle (JVC), Damac Hills 2, Dubai Investment Park, Dubai Silicon Oasis, and Dubai Sports City.
There are also plenty of commercial properties for sale in Dubai. These mostly include offices in areas like Business Bay, JLT and Barsha Heights. There are also warehouses, retail spaces, shops and lands for sale in Dubai that can be found all over the city.
Advantages of Buying Property in Dubai
Choosing to buy a property in Dubai is a wise decision on both commercial and financial fronts, as officials affirm that there is no slowdown in Dubai's real estate market.
Additionally, the Dubai Land Department has witnessed an increase in transactions in terms of volume and value which further asserts market growth and advancement.
Dubai property prices vary based on the type of property, its location and its facilities. Even though Dubai's property prices are considered high by any standard, the city still attracts ambitious investors.
Property Finder provides you with the best means to reach your end and choose what suits you from Dubai's real estate for sale.
Can Foreigners Buy Property In Dubai?
Foreigners can easily buy property in Dubai thanks to the 2002 Freehold Property Law, which allows foreigners to buy properties in Dubai’s freehold areas. More and more foreigners choose to purchase properties here thanks to the UAE’s tax-free lifestyle.
Is Buying Property In Dubai Cheap?
While many properties here are quite expensive, real estate in Dubai is still relatively cheaper than other highly developed cities. This is because of lower construction costs, high property supply, government initiatives to attract investment, regional competition, and market fluctuations.
How Much Salary Is Required To Buy A House In Dubai?
You need a minimum salary of AED 15,000 to qualify for a mortgage from most banks in Dubai.
Is Buying Property In Dubai Tax-Free?
Yes, buying property in Dubai is tax-free. You do not have to pay property taxes, tax on rental income, or capital gains taxes. So if you’re buying to invest, you can make more profit out of your property.