A lot of local and foreign investors are purchasing new apartments in Dubai. Many other want to grab this opportunity of buying lavish homes with affordable prices. But when we think of investments there are certain doubts which need to be clarified. This blog is a step towards clearing doubts with regard to buying property in Dubai. Below mentioned are answers to some of the frequently asked questions.
1. Residency in Dubai: most of the foreign investors have this confusion that will they get residency in Dubai if they buy a home there. In accordance with the latest immigration regulations freehold property owners and their families can apply for resident visa in Dubai.
2. Property Tax: how much extra fees will there be to pay on top of the purchase price. To everyone’s surprise there is no property tax to be paid in Dubai. Dubai is a tax free country.
3. How to make payment: foreigners often find it difficult to make payments. You have to make your payments in UAE Dirhams. Foreign currency can be easily exchanged in Dubai.
4. Financial assistance: those of you who want to know about the availability of finance to buy properties in Dubai should feel stress free. Because finance is available from 50% to 70% for non residents.
If you are on your way to buy real estate in Dubai then do visit our company, Property Link Dubai. Our company is a leading property broker in Dubai. We will serve you with best guidance to sell, buy or rent a property.
Image Credit:lumiere.ens.fr
1. Residency in Dubai: most of the foreign investors have this confusion that will they get residency in Dubai if they buy a home there. In accordance with the latest immigration regulations freehold property owners and their families can apply for resident visa in Dubai.
2. Property Tax: how much extra fees will there be to pay on top of the purchase price. To everyone’s surprise there is no property tax to be paid in Dubai. Dubai is a tax free country.
3. How to make payment: foreigners often find it difficult to make payments. You have to make your payments in UAE Dirhams. Foreign currency can be easily exchanged in Dubai.
4. Financial assistance: those of you who want to know about the availability of finance to buy properties in Dubai should feel stress free. Because finance is available from 50% to 70% for non residents.
If you are on your way to buy real estate in Dubai then do visit our company, Property Link Dubai. Our company is a leading property broker in Dubai. We will serve you with best guidance to sell, buy or rent a property.
Image Credit:lumiere.ens.fr