Understanding the process of purchasing property in UAE

Sep 2
10:52

2015

Canty Wong

Canty Wong

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Taking the help of a good and reputed real estate marketing consultancy UAE can indeed make a huge difference to the investments made in the real estate sector in the UAE region.

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UAE is a beautiful country,Understanding the process of purchasing property in UAE Articles located in the   Middle East. The city of Dubai in UAE is among the very best and is presently favored by real estate investors from across the globe. This is because, this place not only boasts of having plenty of opportunities for foreign investors, but also provides a scenic place to live in. However, foreigners may have some confusion when it comes to investing in the real estates of UAE. This is because, they would not have much idea about the property related laws of the country, pertaining to foreigners and there is a need on their part to not to make any kind of hasty decisions which might create hassles for them. It is for this reason that one should always seek the assistance of a professional and experienced real estate marketing consultancy UAE, who can help them to make the right decision to buy a property that offers value worth the investment.

Process of property buying

Because of wise planning by UAE leadership, the process of property buying in the region is said to have been incredibly lucrative. There are present several development areas for high residential tower as well as the largest mall of the world. Presently, this region has been experiencing a big boom especially in the real estate market. Due to very strong fundamental demographics, this place has been enjoying vibrant boom in real estate market. Prices here have risen incredibly because of supply shortages and high demand. Therefore, seeking the assistance of real estate marketing consultancy UAE can prove to be useful to have better ROI.

Support from the government

The government here has been supporting foreign investments in the real estate sector and allowing foreigners to buy freehold lands. It has managed the economic boom using push-pull management. Foreign ownership regulations were relaxed by the Crown Prince in 2002, thereby permitting 100% foreign control of the ‘freehold’ properties, which can be leased, rented or sold. Because of this move, UAE has been recently witnessing constant flow of international investments. The other offers such as no-capital gains tax present in the UAE as well as no stamp duty is said to have induced plenty of investments in real estate in the country.

The 2015 Dubai Strategic Plan is considered to be an ambitious one which targets higher GDP growth rates having increasing skilled workforce and extensive investments being made in construction, tourist and financial sectors. When other regions of the world have been experiencing credit crunches because of mismanagement, UAE and more particularly Dubai has credit surplus, while becoming an emerging financial center in the international scene.

UAE property market does have plenty of options available exclusively for commercial properties, office spaces and   short term rental properties. Also, it boasts of having residential properties, including luxury villas, mixed use gated communities and apartments. Also, are present waterfront properties, penthouses and beach resorts. Opportunity here is simply awesome, with plenty of real estate developments being made and having extensive waiting-list. Moreover, the rental property here is known to offer higher yields of about 12% to 15% per annum.