Dubai, a multicultural metropolis and a strategic meeting point between East and West, is increasingly being chosen as a holiday destination. But it is also considered an ideal destination for those interested in making a real estate investment. Is it really worth buying a house in Dubai? Despite the high cost of real estate and living, it offers numerous opportunities: from villas and townhouses to apartments of various sizes, from the smallest and cheapest to luxury penthouses with spectacular views of the skyline.
Investing in Dubai, a dynamic reality projected towards the future
Considered, and not without reason, a sort of beating heart in the desert, Dubai it is a decidedly dynamic reality, projected towards the future.
Pearl of the Arabian Peninsula, overlooking the Persian Gulf and embraced by the desert, Dubai It boasts a unique energy that is evident in its soaring skyscrapers, the glittering night lights, the thirst for luxury and the many attractions that can satisfy even the smallest desire.
An authentic oasis of modernity, Dubai guarantees a vision capable of going far beyond the boundaries of fantasy.
Where to buy a house in Dubai
Who visits Dubai may be enchanted by it, insistently considering the idea of moving there his residence or, more simply, making it the object of a real estate investment. In both cases, a significant investment of money is necessary.
THEbuying a home, and the moving to Dubai, are directly proportional to purchasing power, and to the availability of a budget commensurate with the value of the chosen property. It all depends on the type of investment, and the areas where it is permitted to purchase.
If there are no legal impediments of any kind because there are no age limits, or countries that are excluded from purchasing a property, you may encounter difficulties in choosing the area. Dubai it is divided into three large areas with the possibility of investing freely only in some areas. The areas where you can buy without any limit are located in various parts of the city, from the peripheral ones to the more central ones. The purchase of a property in the marina area is instead reserved only for citizens who belong to the six Gulf powers, namely Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.
Among the most popular neighborhoods in Dubai we certainly find Downtown Dubai, Dubai International Financial Districts, Business Bay, Dubai Marina and Discovery Gardens.
Cost of living and real estate
Il Cost of living in Dubai it is around 2 thousand euros per month, for a single person. The expenses increase, and reach a quota of no less than 3.500 € per month, with rent included, if the one who has to be supported is a family, with one or two children.
Anyone who wants to buy a house must know that the average price of an apartment it is around 6500 euros per square meter, up to properties in the center with costs that go up to 12 thousand euros per square meter.
About buy a house in dubai usually he does it for work reasons, choosing to go and live there, or he buys the property choosing to rent it to guarantee a good investment. By renting a two-room apartment of 65 square meters, for example, you can get a rent between 4.500 and 6.500 euros per month.
Once tax obligations fulfilled, you can proceed by formalizing the purchase at the offices of the department for registration. It is sufficient to demonstrate that you have taken out a mortgage or have a bank draft. Banks in Dubai grant mortgages to residents by financing 80% of the value of the property, if non-residents the financed amount is limited to 50% of the price of the property.
In the case of a purchase, with a transfer for work, it is preferable to opt for a property located in the areas closest to the office districts, or to the subway stations, to easily reach the workplace even in the city center.
Owning a home comes with fixed service and maintenance costs, additional expenses that owners must pay in order to use the facilities and common spaces.
The purchase and sale of a house in Dubai does not provide for a significant increase in taxes. In reality, taxes are decidedly low, with a fixed rate of 2% or 4% depending on the type of apartment.
Dubai, Salary and Job Opportunities
A Dubai il job market is rapidly expanding, and it is easy to find employment in the tourism and service sectors. No less interesting are the professions related to transport development, engineering and real estate.
To a very high cost of living Correspond extremely attractive average salaries. If a waiter earns 1.434 euros per month, a hotel manager earns 4.600 euros, a structural engineer earns 4.400 euros, a chef can earn up to 11 euros per month, and a project manager earns 6600 euros per month. In addition to being on average high, personal income is not taxed, and gross income is equal to net income.
Is it worth buying a house in Dubai?
Grown over the years to become a multicultural metropolis, full of modern services within everyone's reach, Dubai boasts a growing influx of tourists and expats, who choose to find work for a radical change of life, aware that it is an ultra-safe city, characterized by a very low crime rate.
What convinces those who buy a property is the strategic position of the city, halfway between East and West, nerve center for international tradeThe city attracts a large amount of foreign investment, and boasts a rapidly growing economy, with tourism and real estate development at its core as the true pillars of expansion.
The wide variety of housing that the city offers allows you to diversify your purchases. The choice falls on villas, townhouses, and apartments of various sizes, from the smallest and most economical to super luxurious penthouses with breathtaking views of the skyline.
THEBuying a house in Dubai Today it is convenient both to start a new life and to invest, ensuring a business in clear growth.
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