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Dubai, Dubai Investment Park
Dubai, Arjan
Dubai, Jumeirah Village Circle
Dubai, Jumeirah Village Triangle
Dubai, Jumeirah Village Circle
Dubai, Jumeirah Village Circle
Dubai, Jumeirah Village Triangle
Dubai, Jumeirah Village Triangle
Dubai, Сity of Arabia
Dubai, Al Furjan
Dubai is a rapidly developing city and one of the largest tourist centers. Here they spend their holidays in luxury hotels and come to make big deals. It is not surprising that more and more foreigners want to buy an apartment in Dubai. Moreover, the UAE legislation allows anyone to do this.
Buying an apartment in Dubai has a number of advantages:
the opportunity to live in a warm country among palm trees and luxury both constantly and in any part of the year;
the opportunity to earn when renting out housing from 5 to 8% per annum;
opportunity to obtain a resident visa;
relatively low price compared to European major cities;
no property taxes.
An apartment in Dubai can be fully owned by both a UAE citizen and a foreigner. At the same time, the maintenance of an apartment of 85 square meters will cost about $ 3,500 a year. This price includes maintenance of elevators, concierges and other expenses. Payment for water, electricity and gas is made by meters.
If you decide to buy an apartment in Dubai, the prices may surprise you. They are significantly lower than in European capitals and large cities. On average, a square meter of housing, according to the Land Department, will cost the buyer $3,175. However, in some areas the cost can be twice as high. In accordance with local salaries, buying an apartment in Dubai is inexpensive. 3 annual family income fully covers an average apartment of 90 square meters.
The average price of apartments is about 450 thousand dollars. If you are interested in the cheapest apartment in Dubai, the price starts from $100,000. The most expensive options can cost up to $8 million or more. At the same time, demand exceeds supply and real estate prices continue to rise.
There is an opportunity to buy an apartment in Dubai from a developer or on the secondary market. In both cases, the transaction can be carried out independently or through an agency. The second option is safer and requires less preparation time. Al Hayat Almushreqa real estate will help you find suitable apartments, tell you how much an apartment in Dubai costs according to the parameters you are interested in, prepare and conduct a deal.
Once a suitable apartment in Dubai is chosen, it will be possible to buy it within 4-6 weeks. This includes the time it takes to finalize the sale and purchase agreement, the no-objection paperwork from the Land Department, and the registration of ownership.
The contract of sale must contain the following information:
basic information about the property being purchased;
the cost of housing;
additional payments in connection with the transaction (agency commission, registration fee of the Land Department, payments to the developer and other costs);
terms of completion of the transaction;
terms and conditions of settlements;
the responsibility of the buyer and seller in case of non-compliance with the terms of the transaction.
Also, when buying an apartment in Dubai through an agency, a deposit of 5-10% of the amount is usually paid. It remains with brokers until the end of the transaction. Thus, this amount is fully returned to the buyer if the transaction did not take place due to the fault of the seller, and in case of failure of the transaction by the buyer, it covers the costs of the seller or developer.
Apartments in Dubai are bought 5 times more often than villas. The high demand for apartments makes it easy to resell the property if necessary. And the popularity of the resort makes it possible to earn money by renting out your home.
