The United Arab Emirates is a popular destination for vacationers and emigrants. On innovative online platforms, you will find not only the perfect hotel but also the perfect apartment for the start in the desert kingdom. And that is the main reason why many foreigners always plan to buy Off-plan Property in Dubai.
Spend a few weeks or even years in the UAE?
The United Arab Emirates (UAE) and especially the fascinating Emirate of Dubai and the capital Abu Dhabi are a dream destination for many foreigners. Sun, white sandy beaches, luxurious shopping centers, man-made islands and the futuristic architecture of modern cities seem to make a lifelike a fairy tale.
Although officially domestic jobseekers are preferred, skilled workers, in particular, have a good chance of finding a job in the United Arab Emirates. That would be the biggest hurdle on the way to live in the sun. Now begins the search for a suitable property.
It is to be noted is the fact that real estate in Dubai by the climate and possibly also by frequent entries and removals "shabby" faster than any other countries.
Buy Property in Dubai is less problematic - as long as you have a job and any loans are serviced promptly. If you get started at an opportune time, take into account non-recurring rental costs and resell them at the right time, the investment can be more than worthwhile.
About the additional costs:
The additional costs should not be neglected, because they can be significant. For example, when you Buy Townhouse in Dubai or any other property, 4% transfer fee is charged to the Dubai Land Department.
In addition, there are handling fees of up to 5000 AED and brokerage fees, although the real estate market is now reasonably regulated. However, that does not mean that no dubious brokers are asking for excessive brokerage fees. Ideally, you can avoid brokerage costs completely by using a relocation service for finding a flat.
After the conclusion of the contract, the maintenance costs have to be considered. Electricity is relatively cheap. However, water is really expensive. That's not surprising after all, Dubai is known to be in the desert. Nevertheless, many owners of a villa with an outdoor pool are shocked at how much water and therefore money evaporates in a year. All in all, investments in real estate in Dubai will be your smartest choice.