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Apartment in Dubai: Feel Like a Sheikh!
Some people love sunny Dubai for its breathtaking panoramic views of the Persian Gulf and wide sandy beaches, while others love it for its excellent shopping and variety of entertainment options. And savvy investors also see the city as a reliable source of passive income, making the decision to buy an apartment or property in Dubai at a favorable price. And there are compelling reasons for that:
- Dubai is in the top 5 cities in the world in terms of the number of tourists visiting, which means there will always be plenty of people wanting to rent an apartment here. Demand is high for both modest one-bedroom apartments and luxurious apartments. Rental yields range from 4 to 8% per year, depending on the size of the property, its location, and its amenities.
- Buying an apartment on the coast in Dubai can be cheaper than comparable housing in Europe, America, or Asia. For example, the average price of housing per square meter is $3,000 US dollars. It is especially advantageous to buy apartments in Dubai during the excavation or construction phase: the income from selling on the secondary real estate market can reach up to 40% of the initial cost.
- Renting or selling an apartment in Dubai is not subject to any taxes. The price of the apartment from our agency will not be higher than if you go directly to the developers – without hidden fees, additional commissions, or taxes.
- Dubai is a city where the beach season lasts all year round. Even in the “cold” winter months, the air temperature usually does not drop below 19-20 degrees Celsius. This is the perfect time for owners of apartments to visit local attractions – from the Burj Khalifa skyscraper to the singing fountains.
- An apartment in Dubai entitles you to a UAE visa. To obtain a five-year residency visa, it is enough to purchase property worth more than 1 million dirhams (about $280,000 US dollars). This opens up excellent prospects for opening your own business, working for hire, studying, etc. in Dubai.
The international agency Turkey Property Group will make purchasing an apartment in Dubai a profitable and safe investment: we offer a wide selection of properties depending on your financial capabilities and future plans, and we also conduct a three-level legal examination of the selected apartment – you will be absolutely confident in the safety of your funds.
Our experience and knowledge of the Dubai real estate market, combined with your desire to confidently look to the future, guarantee a profitable investment.