Privileges for Property Buyers in Dubai
Investing in real estate in Dubai offers investors unique privileges and bonuses, making this city one of the most attractive destinations for global real estate investments.
1. Residential Visa
One of the primary privileges is the opportunity to obtain a residential visa when purchasing a property. If an investor buys property during construction and sells it after receiving the keys, they can expect a reasonable profit or rental income. To qualify for a two-year residential visa, an investor must purchase property worth at least AED 750,000 (approximately $204,000). This opens doors to stable living and business opportunities in this affluent and diverse metropolis.
2. Favorable Taxation
Residency in Dubai also comes with favorable taxation, which can benefit businesses and investments. Dubai imposes no income tax, no sales tax, and no capital gains tax. This makes Dubai one of the most tax-friendly places for business and investing.
3. Additional Benefits
Owning property in Dubai also has additional benefits, including driver’s licenses recognized in 50 countries worldwide. This simplifies travel and mobility for property owners. Moreover, Dubai offers many public amenities and comforts for daily life, including world-class schools, healthcare facilities, and entertainment centers.
Dubai’s real estate market, alongside its modernity and luxury, promises real profits and unique opportunities for investors. However, before making investments, thorough market research, selecting reputable developers, and staying informed about crucial trends are essential. Investing in Dubai’s real estate can be lucrative and ensure a stable future in this remarkable metropolis.
