Dubai is international city that is very attractive for the investors. The city’s government is making it easier to invest in the city. All types of properties are available for investment as this market is becoming bigger and bigger every day. The future of this city is bright and profit in the property is promising. Now since the city government decided to allow foreigners to invest and buy properties in Dubai. Many laws are changed and new policies are made that help in getting more investment from foreigners.
Dubai has hundreds of properties that are available for future investments. These properties include luxurious villas such as Sobha Forest Villas, apartments and single family homes etc. so a large number of properties are available and hence finding the property that suits your needs gets easy here.
Most overseas investors are interested in buying property that is high return and high income. The types of properties are given below to help you choose the best suited for you. Investors can decide about the type of property depending upon the their needs. For residential point of view here are some properties available.
Freehold properties
These areas also have some of the undeveloped areas in which mostly foreigners are interested. Foreigners mostly plan to buy such property rather than home or apartments. Investors like such land because they can convert this land into any sort of project they want. For purchasing freehold property in Dubai investors have to buy it through government approved property
Usufruct Properties
It’s a long term agreement that has life up to hundred years. It actually lease for long term investment. The investors are not allowed to amend or change the property.
Commonhold Properties
This includes conomiums, non-residential units and apartments in a building. The benefit of buying property in Dubai is you will have right for selling, buying or renting a property if you want to use it for inheritance.
Can expats buy property in Dubai?
Expats were not able to buy property in Dubai in the past. But thanks to recent government which has made amendments in the rules to allow expats to buy property in Dubai. However there are certain areas that are not free hold while other areas are available for the expats to buy. A specific residency is not required to buy properties in Dubai. No foreign buyers permit is wanted to buy property in this city.
