Why Invest in Dubai?

Future Demand: Population is destined to increase from 1m to 3m whilst tourism will also triple from 6m to 15m, by 2010

Future Supply: All master-planning is Government controlled to carefully manage the demand-supply ratio thus maintain strong growth & returns

Capital Gains Tax: 0%

Rental Income Tax: 0%

Legal & Notary Fees: None required, although legal advice is recommended

Land Registration Tax: 1.5% (this is paid to the Government on completion)

Transfer Fee: 1-7% (this is paid to developer on resale of contract before completion)

Buying Process: Simple. No Company formation is nor National registration required

Payment Structure: Following an initial reservation deposit, a deferred payment structure is usually provided by the developer with payments    spread over the construction period

Finance: This is available to non-UAE residents only on certain projects, with competitive interest rates from 6 - 9%, and usually with 15 yr terms    and reasonable conditions

Capital Appreciation: Recent years have risen between 15 - 25% annually

Rental returns: Recent years have returned between 10 - 20% annually

Freehold: The right to obtain freehold rights on your property is provided with most non-UAE purchases of property. See below.

Residency: Resident visas are supplied with non-UAE purchase on property

Purchase Procedure & Legal Costs

Purchasing off-plan in Dubai is a relatively simple process which does not require use of a lawyer, however of course Property Frontiers does recommend you do always take legal advice with any financial investment. All property investment available to foreigners in Dubai is within special zones master-planned by governmental organizations, and as a result the contract structures must be passed before the government before they can ask customers to sign. There is no capital gains tax or income tax within Dubai itself.

For more advice on purchasing property in Dubai , please contact us