Dubai is one of the most popular cities for living and recreation. Skilled workers can easily find high-paying jobs here, and entrepreneurs have the opportunity to conduct business in comfortable conditions. If you plan to buy a property for permanent residence, pay attention to the catalog of apartments in Dubai in the Emirates. The estate website presents housing options for any budget in various areas of the city.
For those who want to move to Dubai for permanent residence and are considering to buy flats in Downtown Dubai for expats, it is essential to note that today is a good time to buy real estate in the UAE, as market prices have not yet reached their maximum.
Three-year resident visa for the purchase of a real estate in Dubai
An important advantage of Dubai is the fact that property buyers can apply for a UAE resident visa (residence permit) for three years.
To obtain a document, the following conditions must be met:
- Buy real estate for AED 750,000;
- The property must be located in a freehold zone and be put into operation;
- If the object's ownership belongs to the spouses, then the object's value must be more than AED 1 million.
It is important to note that you can buy one or several real estate objects for the required amount to obtain a visa.
Documents for obtaining a visa
To obtain a resident visa, the applicant must prepare the following documents:
- Ownership document;
- Proof of monthly income of AED 10,000;
- Certificate of no criminal record, which must be obtained from the Dubai Police;
- Medical insurance.
Obtaining the status of a resident for a mortgage
Foreign citizens in Dubai can purchase housing with a mortgage and immediately apply for a resident visa. In this case, to the list of documents listed above, you must add a certificate and an extract from the bank where the mortgage is issued, as well as confirmation of payment from the developer and a certificate of completion of construction work.
Choosing an area to live in Dubai
In Dubai, you can find accommodation for every taste and budget. Usually, the cost of apartments and houses in Dubai directly depends on the area in which the residential complex is located. High-value real estate options are located in Downtown Dubai and coastal communities such as Dubai Marina, Palm Jumeirah, etc. The infrastructure is well-developed here; large shopping centers, entertainment venues, and city beaches are nearby.
If we consider more budget types of housing, then you should pay attention to areas such as Deira, Bur Dubai, and Al Barsha.
For those who want to save money on buying real estate, you can pay attention to the options for housing under construction. In this case, you can get a good discount from the developer and the ability to pay the amount in installments.
More than 90% of Dubai's population are migrants. Not all of them can buy apartments or villas in Dubai. Most expatriates rent accommodation in the city.
The rental market in the metropolis is very developed. Local residential real estate is very popular with tenants, which makes it attractive to investors.
Housing in Dubai brings a good income to its owners. The yield varies depending on the type of housing and is 5-10% per year. Often, apartments in a residential complex have higher profitability than detached houses.
Selection of housing in the Emirates.Estate website
Today you have the opportunity to study offers from developers, and real estate agencies on the website Emirates.Estate. For your convenience, here are the most current listings for the sale of residential properties. With the help of a convenient search, you can study prices in euros, dollars, and dirhams and choose the best option for your apartments or villas with excellent value for money.