In Dubai, UAE residents are allowed to buy properties only in designated freehold areas. Off-plan developments are a very attractive option, since their prices are lower and developers offer flexible payment plans. Also, you can apply for a mortgage, and banks can cover 80% of the property price, if your investment property in Dubai is under AED 5M (USD 1.3M), while in the case of properties over AED 5M (USD 1.3M), you can obtain a 70% loan.
Villas are especially popular in the Emirate, since expats relocating to Dubai with their families opt to choose spacious properties with a study/flexi-room, open green spaces and a set if amenities. Ultra-luxury real estate in the areas, such as Palm Jumeirah and Dubai Marina is also worth considering, as Dubai is one of the most popular destinations worldwide among HNWIs.
If you have any questions about selling or buying properties in Dubai, please feel free to contact us and we will do our best to answer your questions.
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