Dubai is a beautiful Middle Eastern City where is known as the region’s commercial hub. In addition, Dubai has been recently an investment hub for those who are looking to a profitable investment with high returns.
On the other hand, villa for sale in Dubai is one of the most popular ways to invest in Dubai. This is because property for sale in Dubai not only is a lucrative long-term investment, but also brings you enormous benefits. Here are some facts about villa for sale in Dubai directly from the owner in 2020.
What Are The Best Places To Buy A Villa In Dubai?
There are a number of neighborhoods and communities in Dubai with some more appealing than others. Here are some of them:
Palm Jumeirah: Palm Jumeirah is one of the most exclusive addresses in the world. This is why investors from all around the world are looking to own a house in this amazing community. Reasons for Palm Jumeirah’s popularity are many. First of all, it’s a one of a kind development offering properties with extraordinary features.
Besides, the best of waterfront living, stunning views, spectacular sunsets, and world-class amenities make Palm Jumeirah a dream location. In addition, close proximity to Dubai’s main landmarks, highest levels of serenity as well as a high-end style of living make this amazing location even more appealing.
Dubai Hills Estate: Dubai Hills Estate is a high-end golf course community where is famous as Dubai’s green heart. At Dubai Hills Estate, residents enjoy a branded lifestyle, stunning scenery, and a wealth of lifestyle, entertainment and shopping facilities.
So, villa for sale in Dubai Hills Estate can be a perfect chance for you to be part of a unique community where heart of the city beats. Also, you can enjoy close proximity to whatever is needed for a great life!
Al Barari: Al Barari is another district of Dubai to look at. You can find a wide range of unique villas with special features in this amazing neighborhood. It should be said that Al Barari never fails to surprise its residents with exciting events in addition to awe-inspiring views and a wealth of first-class amenities.
District One: District One also is Dubai’s sought-after community attracting home buyers from all around the world. The residents of District One will enjoy first-class amenities within just minutes. Living in District One, Dubai’s main landmarks will be at your doorstep as well.
How Can I Buy Villa In Dubai?
It’s interesting to note that buying property in Dubai can be done as easily as possible even without your presence. There are some common ways to do it. You can call a real estate agent, or easily buy villa directly from the developer. The latter is more common because it can be done through real estate websites. It is one of the most trusted and easiest ways to purchase a property in Dubai. Also, when you apply through a trusted website, there won’t be any third party. The deal is direct. More importantly, you don’t have to pay commission!
Can Foreigners Buy Villa In Dubai?
In fact, it is one of the most important questions that is very often asked. All of the foreign home buyers are curious whether they are eligible to buy villa in Dubai or not. As said earlier, Dubai is one of the main investment hubs in the world. Many people are transferring their funds to this city because the investment is safe, and its currency is stable. However, you should be aware that non-nationals are only allowed to own properties in freehold areas. So, YES, foreigners can buy villa in Dubai.
What is freehold property in Dubai?
As said earlier, foreign home buyers are only permitted to own properties in freehold areas. Freehold area refers to those lands situated in “designated areas”. The foreigners can own these properties for 99 years.
Am I Eligible to Buy A Villa In Dubai?
This is also a question that is always asked by those who want to purchase a property in Dubai. Actually, buying a property in Dubai requires some conditions. To make sure you are eligible to buy property in Dubai or not, you must have a steady salary; then, choose a property and pay your deposit.
How Much Is A Villa In Dubai?
Dubai offers a wide range of prices for its properties. In other words, the price of a property in Dubai depends on some factors such as location, amenities, size, type, and also the benefits it offers. For example, an ultra-luxurious villa in Palm Jumeirah is absolutely more expensive than a simple villa in suburbs. Villa for sale in Dubai can be found for at least AED 3million. Also, if you prefer townhouse for sale in Dubai, the minimum price will be around AED 1.2million.
Above all, most of projects in Dubai offer an easy and flexible payment plan that paves the way for you towards your dream villa in Dubai. Every project has its own payment plan. At first, you should pay the deposit. Then, the monthly installments will begin. Easy installments are unique opportunity for you to own your dream property as easily as possible.
Do you get residency if you buy villa in Dubai?
Investing in Dubai properties is probably the easiest way to get Dubai residency. However, getting Dubai residency through property also requires special conditions. First of all, you should know that off-plan properties won’t make you eligible to get Dubai residency. The property should be:
- Ready to move
- The price should be over 1million AED
- You should not pay through installments
What are the benefits of investing in Dubai?
Dubai is a fast-rising city in the world. Now, Dubai has turned into an unstoppable city offering the most enormous benefits to residents as well as foreign investors. This tourist magnet offers excellent opportunities for the businesses to start and grow. Other benefits include:
- The bridge between The East & The West
- Superb infrastructure
- Stable currency
- Tax-free incomes
- Incredible safety
- Happiest people in the world
- High salaries
- Lucrative businesses
Is Dubai a good property investment?
According to the statistics, Dubai properties become more valuable each year. Besides, foreign investors have the chance to lease their properties and earn income. So, you can sell your property later with a higher price, or lease it. Both are lucrative, the choice is yours.
Is it a good time to invest in Dubai property?
The fear of losing money is part of any investment. If you wonder whether or not investing in Dubai, it should be said that there has never been a better time to buy a property in Dubai. This is because properties in Dubai have never been this affordable.
To be more precise, due to increased supply and the slowdown of global economy, the property price in Dubai has declined. In addition, owing to setting new laws, Dubai offers enormous benefits to the investors now. So, if you are looking for an investment opportunity with strong yields, look no further!
What are the additional costs of buying property in Dubai?
- Down payment as per Agreement of sale between Buyer & Seller
- Transfer fees with the land department
- Connection fees related to the Electricity and Water Authorities
- Community service fees
- Mortgage application fees if required
- Misc admin fees to land department
Do I have to pay taxes?
There are some kinds of fees that you should pay. These fees include lawyers’ fees as well as fees that must be paid to the developer or the agent. In addition, there may be other fees such as maintenance fees and land registration fees.
What is DLD fees in Dubai?
DLD fees are those fees that Dubai Land Department gets as transfer fees. DLD fee is 4% of the property price. Also, there may be no DLD fee for some off-plan projects in Dubai.
How can I get title deed in Dubai?
After paying fees, for off-plan properties, you will get a document called “Oqood”. Oqood is a document that shows you are the owner of the property.
I have lost my original Title Deed, now what?
Step 1 – obtain a police report
Step 2 – place an advertisement in a local newspaper
Step 3_ Apply for replacement of title deed at Dubai Land Department