Dubai
Dubai is a city of 3.3 million inhabitants city located in the United Arab Emirates.
World-famous for its extravagance, luxury and inviting lifestyle. In less than two decades, Dubai has managed to position itself as a regional hub for both residents and tourists.
With excellent infrastructure, unparalleled quality of life, safety and connectivity to the world, Dubai is a dream destination for many expats. The city is renown for tourism, shopping, golf, but also commerce and real estate.
Dubai will be hosting the World Expo, marking itself as a pioneer in the Middle East, but this is nothing unusual for the glorious city with a habit of breaking world records and setting regional standards, Dubai is the ideal place to be.
Covid-19
Dubai has set an example of how to handle the COVID-19 outbreak. The UAE authorities were clear and transparent with their public communication when battling COVID-19. They have taken immediate action with a short yet efficient lockdown period, a national sterilization programme, and a free vaccination drive for all residents. Dubai has set itself apart with its government's agile and laser-focused approach to eradicate the virus and ensure that its economy remains stable.
0% Tax
Dubai is a tax-free city. All incomes, including rent revenues or capital gains (in the event of a resale) are non-taxable. The very same applies to yearly property taxes and VAT, absent for real estate transactions
8% R.O.I
With no rent cap, the city offers higher rental returns than many other mature real estate markets. With our expertise, investors can achieve rental returns of between 7% and 9%.
100% Ownership
From a real estate perspective, investing is a good way to create wealth and income. At the acquisition, the Government of Dubai issues a title deed under your name(s), making your asset safe for you and future generations.
Larger
On average, a property in Dubai is twice bigger than a similar unit in Paris. For example, it is quite common to find a 40 sqm Studio apartment.
Cheaper
Though units are bigger, they are on average also four times less expensive than a similar unit in Paris which makes it a fantastic value for money.
Safe Returns
Wether you opt for a guaranteed returns scheme from a developer or decide to source the tenant yourself, rents are paid through cheques (post dated), usually a quarter in advance. The legislation is tough on payment defaults which forces tenants to pay their rent on time to avoid eviction or legal pursuit.
Amenities
Each residence provides at least a 24/7 security and concierge service, state of the art gymnasium and a swimming pool. New developments sometimes offer additional amenities such as tennis or squash court, resident lounge, co-working space, kids play area or even valet parking and house keeping.
Residence Visa
In full confidentiality and for any successful transaction of at least one-bedroom apartment for at least AED 1,000,000/- (EUR 220,000/-) a 2-year (renewable) residence visa will be provided to you and your close family.
Bank Account
With your last 6 month bank statements and your passport, you can open a saving account in a local bank. This will grant you access to online banking as well as the possibility to request manager cheques. The residence visa will grant you a regular account.
Safety & Comfort
Dubai is extremely safe with a very low crime rate, making it an ideal place for families and wealthy people and has a very pleasant climate throughout the year with only 3 months of hot summer.