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Top Reasons to Invest in dubai Real estate

By admin,

WHY YOU SHOULD INVEST IN DUBAI

High Rental Returns

Dubai is among a few places in the world where you can receive a high rental return for your property. To be more precise, the rental rate for properties in Dubai are usually 8% of the property price.

No Tax On Properties

Dubai is one of the few places on the plant offering 0% tax for its properties. This fact makes properties for sale in Dubai highly affordable, investing in them highly lucrative. This is why investors are flocking to Dubai for investment purposes.

Valuable Properties

It is interesting to note that properties for sale in Dubai get more valuable year by year. Average residential property prices increased by 10.9 per cent in the year to May 2022, with apartment prices rising 9.6 per cent and villa prices up 19.8 per cent, CBRE said in its latest Dubai market report.

Strong Economy

The economy of the United Arab Emirates (or UAE) is the 5th largest in the Middle East (after Iran, Saudi Arabia, Turkey, and Egypt), with a gross domestic product (GDP) of US$501 billion (AED 1.84 trillion) in 2022

The business hub of the Middle East

Free trade, a low tax rate, and zero income tax have made Dubai a popular business hub and a wealthy state. Dubai is also the gateway to the East and boasts of the world’s highest international passenger flow. It is a world-renowned destination for all travelers, including the rich and famous.
CategoriesNews

UAE Golden Visa explained: Who can apply, what are its benefits?

By admin,

What is the UAE’s Golden visa?

The UAE’s ‘Golden visa’ is a long- term residency visa which enables foreign talents to live and work or study in the UAE while enjoying exclusive benefits which include:
  • an entry visa for six months with multiple entries to proceed with residence issuance
  • a long term, renewable residence visa valid for 10 years
  • a self-sponsored visa, as there is no need for an employment sponsor
  • ability to stay outside the UAE for more than the usual restriction of six months in order to keep their residence visa valid
  • sponsoring their family members, including spouse and children regardless of their ages
  • sponsoring unlimited number of domestic helpers
  • allowing family members to stay in the UAE until the end of their permit duration, if the primary holder of the Golden visa passes away.

    • Who is the Golden visa for?

    Investors
    Real estate investors can obtain a Golden visa in the UAE if they fulfil one of the following conditions:purchase a property worth no less than AED Seven Million & fifty Tousand or purchase a property with a loan from specific local banks or buy one or more off-plan properties of no less than AED two million from approved local real estate companies.

    Entrepreneurs
    Entrepreneurs can obtain a Golden visa if they fulfil one of the following conditions:·own or partner in a start-up registered as a small and medium enterprises (SMEs) in the UAE, and the company generates annual revenues of not less than AED one million ·obtain an approval for a start-up idea from an official business incubator or from Ministry of Economy or other competent local authorities must have founded an entrepreneurial project that was sold for a total amount of not less than AED seven million.

    Exceptional talents
    Inventors, innovators, and exceptional talents in vital fields such as culture, art, sports and digital technology can obtain a Golden visa regardless of their educational qualification, employment status, monthly salary or professional level. The visa requires a recommendation or approval from a federal or local government entity.

    Scientists and professionals
    ScientistsScientists and researchers with high achievements and influence in their field can get the Golden visa based on a recommendation from the Emirates Scientists Council. A candidate should have a PhD or a Master’s degree in one of the disciplines of engineering, technology, life sciences and natural sciences from the best universities in the world, as well as substantial research achievements.

    Professionals
    Professionals or highly-skilled workers with high educational qualifications and professional experience in all disciplines, including medicine, sciences and engineering, information technology, business and administration, education, law, culture and social sciences can get the Golden visa if they:have a valid employment contract in the UAE are classified in the first or second occupational level as per the classification of Ministry of Human Resources and Emiratisation hold a Bachelor’s degree or equivalent have a monthly salary of not be less than AED 30,000.

    Outstanding students and graduates
    High performing students in the UAE’s secondary schools and outstanding graduates from the UAE’s universities and the best 100 universities worldwide can get the Golden visa. Criteria includes academic performance/cumulative average, year of graduation and the university classification.