Dubai Property and Real Estate for sale
If you are looking to buy a property in Dubai, look no further than the current developments being offered by damac properties. Smart property investors have seen the Dubai real estate market really begin to boom and bought into the modern facilities, healthcare and luxury lifestyle living in Dubai brings.
Many properties are currently very cheap, when compared to those advertised elsewhere such as in the UK - and with property prices increasing in Dubai by over 25% per year, the current opportunities are being snapped up fast. As well as the high capital appreciation, Dubai Property also attracts enourmous rental yields - expect up to 15% net per annum.
This is due to the massive demand for property (for purchase and rent) which is far exceeding the supply at the moment and with a growing expatriate population and more and more visitors coming to Dubai, the demand will remain for many future years. The tourist board estimates that over 12 million people will visit Dubai by 2010 with hotel occupancy rates being higher than London.
Off Plan Investment real estate in Dubai is what the Off Plan Property Exchange website does. They have a large number of quality Dubai apartments from which to choose from listed by Damac Properties.
Damac Properties offering Off Plan Property investments for sale
View a wide range of Dubai investment property for sale from Damac Properties at the OffPlanPropertyexchange website.
The Piazza 2 |
Ocean Heights |
Park Towers |
Dubai properties sold by Damac Properties
Property Investment potential in Dubai the UAE
Most property in Dubai is sold as freehold but there are a number of leasehold properties on the market. The typical lease period is 99 years and you will usually need a cash reservation deposit to secure your interest in a property. This deposit is refundable if the seller cancels - but is not if you cancel yourself.
Buyers after cheap off-plan real estate property in Dubai will usually pay a deposit of 10% of the purchase price when the purchase contract is signed. It is normal to pay in installments during the build process - but this will depend on the developer and teh contract.
There are none of the usual taxes we get in the uk (e.g. CGT (Capital Gains Tax)) in Dubai related to the purchase of property in Dubai - which is why many property investors have decided to invest in Dubai Property. The Government will usually issue a permanent residence visas after the property has been bought.