Dubai has become not only a major tourist destination but also a place to invest. Buying land in Dubai for commercial purposes is a great way to start your own business or make money by renting it out for commercial purposes.
Land in the UAE is a profitable asset. Demand for it significantly exceeds supply, so the price is constantly growing. In addition, a steadily developing economy attracts a huge number of investors from other countries. And the legislation of the UAE is actively involved in making the work of foreigners for the benefit of the development of the country as comfortable as possible.
Land for sale in Dubai for commercial development has been available for purchase by foreigners since 2016. Depending on the area and the cost of the site, it can be used to build such objects:
hotels (tourist areas, high land price);
shops (in any area);
offices and co-working spaces;
industrial enterprises (less expensive sites away from tourist centers);
It is worth thinking about how exactly the commercial site will be used even before buying it. Land in Dubai must be suitable for the chosen purpose and located in a suitable location.
After purchasing the land, the owner can take on the construction himself, entrust it to a company, or lease the land for profit.
Investors can also apply for a loan to purchase a plot for a period not exceeding 25 years. The first payment in this case will be from 5 to 10% of the value of the land, and subsequent payments will need to be made only after 6-10 months. This is a great opportunity to start a business and pay the rest of the amount already from the profits from this business.
Like all real estate transactions, the sale of land in Dubai goes through the Land Department. According to the law, all lands belong to the state and it is with him that an agreement should be concluded. The UAE authorities do not oblige investors to hire an agent, however, it is quite difficult to cope with all the documents and choose a plot in accordance with your needs. Al Hayat Almushreqa real estate is well versed in the issues of assigning land, they know where the business will bring the most profit, and they know how to save time and money for their clients.