What you must know before Acquiring property in Dubai?

Howayda Alame By Howayda Alame, 14th Apr 2014 | Follow this author | RSS Feed | Short URL http://nut.bz/35qd-4b_/
Posted in Wikinut>Money>Property

Dubai’s real estate market is nowadays considered to be a heaven for investors as it is offering them high ratio of return for their investments.

Dubai Real Estate Market

Dubai’s real estate market is nowadays considered to be a heaven for investors as it is offering them high ratio of return for their investments. In order to make a successful purchase, it is important for you to firstly gather complete information about Dubai’s real estate market and then buy the property.

Dubai Government

There were times when it was believed unacceptable for foreign investors to purchase property or to make any kind of investment in Dubai because it was not granted by the government of Dubai. But nowadays due to the increased need for investments in the development programs running in Dubai, the government has made it legal for the foreign investors to invest their money or buy property in Dubai. The government took this step in order to increase the investment in the city so that more and more developments can be made in this wonder land.

Dubai

Dubai is a place for wealthy to go as it is one of the most expensive cities of the world. It is a multicultural locality which on one side is a great vacation heaven and on the other side is the hub of United Arab Emirates’ trade activities. A lot of people visit this place for tourism or for business purposes every day. It has become a wonderland and the most desirable place not only for tourists, but for real estate investors as well.

Due to the amazing developments made by this city in the last few years, it has now become the hottest real estate spot for investors where they don’t need to invest a large sum of money for making profit. Dubai’s real estate business is nowadays at boom and is attracting a lot of investors around the globe to make investments here in this city. Buying property in Dubai is not really hard, but sometimes due to the lack of information about the real estate market, a number of investors get trapped by the fraud dealers or property sellers. In order to make a successful deal regarding purchase of property or rental property Dubai, it is must for you to get detailed information about the real estate business, taxation and property laws and other legal issues because only then you will be to save yourself from problems or from getting trapped. Here in this article, we will cover some of the important things that you must need to know before purchasing property in Dubai. These are:

If you have never been to Dubai and have no clue about its real estate market, then the very first thing that you need to do is to gather detailed information about its market and its growing trends. You must need to know that:

• Which locations are best for buying property?
• What is the latest rate of property going in the market?
• Is there any specific procedure for buying property?
• What is the tax rate on property?
• Are there any extra tax charges on buying property?
• What are the conditions or requirements for buying property here in Dubai?
• What are the legal issues related to the purchase of property in Dubai?

You need to get all this information before purchasing any property in Dubai as it will save you from getting troubled and will also help you in making good deals. You can easily get all this information from the internet or from the real estate agents.

Tags

Dubai, Property, Real Estate

Meet the author

author avatar Howayda Alame
By profession I am a content writer and have 6 years of experience in writing industry.

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Comments

author avatar bravo charli
22nd Apr 2014 (#)

Good content for my home land, I love your writing style. Thanks again for this content.

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author avatar Howayda Alame
22nd Apr 2014 (#)

Thanks again Bravo

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