UAE Property Investment

Dubai continues to be a highly sought-after location for foreign investors in 2023, retaining its position as a prominent real estate market. With a stable economy, strong local currency, transparent legal framework, favorable visa policies, tax-free environment, and exceptional security, Dubai offers an appealing investment opportunity in the real estate sector.

Presently, the demand for real estate in Dubai is reaching unprecedented heights, witnessing the highest level of transactions in the past 13 years. Industry experts predict that by the end of this year, sales will surpass all previous records, further highlighting the thriving nature of the market

Real Estate in Dubai expects stable growth of more than 8% over the next five years

Dubai provides a diverse selection of properties for investors looking to generate rental income through long-term or short-term leases

One promising option for those seeking a guaranteed income is the purchase of hotel rooms within hotel establishments. This investment opportunity encompasses a range of choices, including small studios and apartments in hotel complexes, as well as larger rooms in luxurious hotels. Investing in a hotel room offers the advantage of a specified income outlined in the contractual agreement.

Reselling properties for a profit may be of interest to investors as well. In this case, the potential growth of the property value, market competition levels, and purchase and sale conditions will be crucial factors

of 6% to 8%

15%

The profitability of such an investment is influenced by several factors, including the popularity of the hotel brand, level of service provided, location, and other relevant considerations.

One notable advantage for investors is that they are not responsible for managing the hotel room themselves. Instead, the operational responsibilities are handled by the operating company, ensuring a high standard of service and hospitality for guests. This arrangement provides convenience and peace of mind for investors, allowing them to benefit from professional management and the associated perks without the need for direct involvement.

For investors who wish to generate income from residential rental properties, the option of short-term rentals is also available

Investors can also sign property management contracts to receive passive rental income. Additionally, as the property value appreciates, the investment capitalization can also increase.

Investing in properties during the construction phase can be a profitable decision, as the average price growth upon completion of construction is around 20-30%. Furthermore, many developers in Dubai offer the option of purchasing properties on installment plans without interest and with convenient payment schedules.

It is important to note that buying properties during the construction phase allows investors to select new projects that will remain relevant in the future and have good growth potential. If we consider investments in properties during the early stages of construction, there is an
opportunity for profitable resale before the property is even completed.

As the construction progresses, the property value increases, and selling at the early stages can bring investors a profit ranging from 10% to 20% in quality projects from experienced developers

This is currently one of the most lucrative options in the real estate market.

It is also possible to acquire a full floor or multiple floors in a high-rise building. When purchasing a floor in a complex, investors can obtain a lower price compared to buying individual units and have the flexibility to choose from various options: selling each unit separately during or after the construction phase or renting out the units upon completion of the project

The new visa laws related to real estate investments allow investors to obtain residency permits when certain conditions are met:

By purchasing a property valued at 205 000 USD or more, investors can qualify for a 2- year residency visa

For properties worth 545 000 USD or more, investors can obtain a 10-year golden residency visa

The golden visa can also be obtained for a duration of 5 years, specifically catering to investors over the age of 65, often referred to as a retirement visa

To ensure a successful application for a guaranteed residency visa through property purchase, the following requirements must be met:

The property must be ready for occupancy, and the owner must possess the title deed document as proof of ownership

The investor, whose name is specified in the title deed, should be the first to apply for the visa. Once their visa and Emirates ID are processed, visas for family members can be applied for

Full payment for the property must be made, and a statement from the developer will be required as evidence

Visa fees for a 10-year visa amount to 2500 USD, while a 2-year visa incurs fees of 3900 USD

The processing time for visas typically ranges from 5 to 14 days. However, due to a high volume of applications, the process may extend to a maximum of 30 days

In some cases, a valid medical insurance policy may be required

To obtain a mortgage in Dubai, you need to meet at least 2-3 criteria from the following list:

Possession of a residency visa

Employment with a local company, preferably with a salary of at least 4000 USD, or ownership of a company in the UAE. The bank usually requires a bank statement for the last 6 months

Availability of a down payment of at least 25%, plus all expenses for property documentation and legal assistance (which amounts to approximately 6-7% of the property value)

Age requirement of 21 to 65 years for employed individuals and up to 70 years for self-employed individuals

Existing property owned within the UAE

A mortgage loan can be obtained for both existing properties and properties under construction (known as off-plan), provided that the property is completed within 2 years from the loan approval. Depending on the developer and the construction stage of the project, the down payment can range from 30% to 70%

At Welton Realty, our primary focus is on engaging in the purchase, sale, and rental of properties.

We strive to offer our clients expert guidance in the real estate industry, including professional consultations regarding market trends, property appraisal, document handling, and comprehensive transaction assistance.

Our objective is to assist clients in discovering the most favorable real estate investment opportunities

We facilitate direct property sales from developers — No agency commissions

We provide complete support throughout the entire transaction process

We offer property management services to ensure efficient maintenance and administration

We present investment prospects, including property flipping opportunities

We specialize in selecting and selling properties within the secondary market

At Welton Realty, our dedication lies in delivering exceptional service and helping clients attain their real estate objectives. Feel free to reach out to us for any inquiries or to explore the diverse options available to fulfill your real estate requirements

Kindly provide your contact details, and our dedicated specialist will reach out to you promptly

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Welton Realty L.L.C

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The Greens, The Onyx Tower-1, office 412 Dubai, Dubai 00000 United Arab Emirates

info@welton.ae

058 527 2746