Get a long-term visa and a high return on investment when buying a home in Dubai

Dubai offers many opportunities for international investors wishing to invest in high-income properties and both, get a long-term residency permit. Read on to find out more about these opportunities.

International real estate investors can choose from more than 40 residential communities in the UAE, mainly in Dubai, to obtain a long-term visa and high return on investment at the same time, when buying property. That is one of the reasons why Dubai now is becoming the number one destination among major global cities for home buying.

International investors mainly prefer to put their money into residential real estate units, though real estate experts believe that commercial properties can also bring a significant return on investment. However, VAT recently introduced in Dubai, does not apply to residential real estate, which cannot be said of commercial units.

But as for a residency permit, real estate investors can get a five-year residency permit if they invest at least AED5 million in the country’s property, according to the new rules. The law applies to both secondary and prime real estate worth over AED5 million (USD1.36 million) and AED10 million (USD 2,722 million). The period for which the visa is issued will depend on the value of the unit acquired.

Manika Dhama, Head of Strategic Consulting and Research at Cavendish Maxwell, noted that good investment opportunities for those who want to get a long-term visa when buying property in Dubai can now be found in the category of branded and serviced apartments worth over AED5 million (USD 1.36 million.)

Currently, various real estate classifieds list about 5,500 property sales adverts with a price tag of AED5 million. And among areas most popular between property buyers and investors there are such locations as Arabian Ranches 2, Dubai Hills, District One, Tilal Al Ghaf, Al Barari and Palm Jumeirah. In premium real estate category there are a lot of ads in such prime communities and areas as Palm Jumeirah, Emirates Hills, Royal Atlantis Residences and Opera District.

Most of the units worth over AED5 million are villas in residential communities such as Emirates Hills, Palm Jumeirah, Emirates Living and others. New offers are also coming to the market in ​​Dubai Marina, on the Bluewaters Island, in Jumeirah cluster and in the City Walk project.

It is also worth emphasizing that, in accordance with the requirements of the UAE legislation, that issuing long-term visas when buying a home applies only to cash transactions. Therefore, it is necessary to clarify certain moments of the new law with regard to individual units, whole buildings, land plots, etc.

"Bulk residential units in higher yield areas like Sports City may prove to be a better investment option in the AED5 million and above category, particularly for those with a higher risk appetite, than a single villa where yields tend to hover around 4-5 per cent," Manika Dhama said.

According to Cavendish Maxwell, there are 31 communities in the emirate of Dubai providing the opportunity to invest in AED5 million plus housing and get a residency permit for a period of 5 years.

In order to place your investments in Dubai real estate right, receive high yields of about 6 to 8 per cent annually, and both, to get Dubai residency visa for a maximum allowed period, contact IMEX Real Esate. We will help you choose the best options under these conditions. Feel free to contact us:

Tel. in Dubai, UAE: +971(50)2528188 (Whatsapp, Viber, Telegram)
IMEX REAL ESTATE BROKER LLC
Office 2502, Marina Plaza, Dubai Marina, Dubai, UAE
Email: pm@IMEXre.com
Skype: resident69