Dubai, Al Karama
Dubai, Barsha Heights (Tecom)
Dubai, International Media Production Zone
Dubai, Al Barsha
Dubai has been leading the way in terms of economic growth in recent years. This became the reason for the popularization of the developing city both as a resort and as a place for investment. UAE legislation is interested in injecting funds from abroad because the laws allow foreigners to own real estate and businesses, as well as freely dispose of them. In addition, in the city, as in all of the UAE, there are many free economic zones for business development in various industries.
A special place in investing is investing in residential and commercial real estate in Dubai. If residential real estate is mainly purchased for personal use or rental, then commercial property allows you to open your own business or rent for business to others. One of the most profitable areas in commercial real estate is the purchase of a hotel.
You can buy a hotel in Dubai at the construction stage or in a ready-made form. It is also possible to purchase land for the construction of a hotel in the tourist areas of the city. Buying a hotel in Dubai is an expensive pleasure that not everyone can afford. The price of a ready-to-use building can be $50-100 million, or even higher. This price is considered relatively low, because, for the largest resorts in Europe, similar offers will cost at least 2 times more. At the same time, the cost may differ depending on the area, area, level of the hotel, and the stage of construction or readiness for operation.
Buying property in the UAE is a popular way to effectively invest. The constantly rising price and the developing economy make such investments as profitable as possible. So why should you buy a hotel in Dubai:
Dubai is one of the most popular resorts in the world, hence the entire tourism business is in demand;
Security and low crime both attract customers and guarantee the safety of hotel property;
Even when renting a purchased hotel, you can receive 10% of profit per year, and when doing business, many times more;
Possibility to own 100% of real estate, as well as 100% of business for foreigners;
Obtaining a residence visa for the owner, his family, and employees;
The opportunity is always profitable to sell commercial real estate, as demand significantly exceeds supply in this segment.
Every year, the population of Dubai is growing rapidly, as is the number of tourists and businessmen from all over the world who come to business meetings. Consequently, the demand for hotel rooms and villas is also growing.
You can buy a hotel in Dubai from a developer or on the secondary market. In any case, it is best to contact a real estate agency. Al Hayat Almushreqa real estate has been on the market for many years and is familiar with all the intricacies of commercial real estate transactions. Registration of property documents, as well as the transfer of affairs to the hotel manager, attention to detail in the contract, and the selection of a truly advantageous offer make the purchase through a broker much more profitable than directly from the developer or the previous owner.
Like all real estate transactions in Dubai, the purchase of a hotel goes through the Land Department. It is this state body that checks all the documents and issues the ownership of the real estate. The agency in this case acts as a buffer zone between the buyer and the seller, guaranteeing the return of funds to the buyer in the event of a failure of the transaction by the seller, and the payment of the advance amount to the seller in the event of a failure by the buyer.
Before buying a hotel in Dubai, you should familiarize yourself with local laws and customs, decide on the area and size of the hotel, and only then proceed to the transaction process.