Dubai attracts several hundred thousand tourists and people who know where to invest their money. It is a city of luxury, beautiful landscapes, turquoise sea depths and mind-blowing entertainment. As for the financial component, many people will be surprised at how profitable it is to buy apartments for sale in Dubai. Let’s understand what features and advantages of real estate should be considered when purchasing.
The main features of apartments
To begin with, all apartments for sale in Dubai can be divided into several categories, each unique.
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Apartments in ready-made residential complexes and new buildings. Buying an apartment under construction is a very profitable investment because the cost will be much cheaper than ready-made solutions. Do not forget that the purchase of new unfinished real estate in Dubai provides flexible payment plans and installments;
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Apartments come in different colors, so buy them according to your taste. Check out the catalog of apartments dubai for sale to get a better idea and make your choice. If you are interested in noisy luxury city life – buy real estate in skyscrapers in the center of Dubai. If you are a supporter of quiet enjoyment of natural scenery and sitting by the sea, then choose an apartment in a low-rise building in the green areas of this beautiful city in UAE;
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Consider the size, layout and appearance of the apartments. And don’t be surprised if you see very cheap apartments in this region. This is not to say that they are flawed; it’s just that Dubai has a lot of supply, so competition ensures a low price. Some of the apartments for sale in Dubai are fully furnished and have all the necessary appliances for a comfortable stay.
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The purchase of apartments in residential complexes with all necessary appliances is trendy. This is very convenient because the tenant will not have to consider additional payment. This type implies the presence of a variety of services on the territory of the complex; among them, there are luxury spa centers, swimming pools, private beaches with access to the sea and much more.
Advantages of apartments for sale in Dubai
Besides the fact that this city is lovely and full of new solutions in design, it is worth noting that the UAE is a state with a stable economy, developed infrastructure, and pleasant taxes. Since Dubai is a symbol of luxury living, the demand for buying or renting flats here is enormous. According to the data, the yield from renting an apartment is about 7-8% per year, which is an excellent indicator.
Another sign of economic stability (everyone knows that the income from working with real estate in any country depends on its financial condition) is that the local currency, the Dubai dirham, is directly linked to the American dollar.
An undeniable advantage is that every buyer or renter can obtain a resident visa in the UAE. It does not matter whether you buy new apartments or live in rented ones. The term of the resident visa is from 2 to 10 years. With its help, you get the right to receive local education, work in Dubai, and medical care, but most importantly – enjoy the excellent views of the vast sea in the evenings.
Dubai is not just a city. It is a place where new technologies that peacefully coexist with tradition are concentrated. Here, you can buy and sell apartments remotely, and payment with cryptocurrency is available. Sale is highly convenient and fast; you do not have to execute dozens of documents, etc. Renting real estate is even easier. The use of innovative technology makes that purchase that sale very simple and profitable; the buyer and seller will be happy, mainly if you use cryptocurrency, which will reduce restrictions and delays to a minimum.
If you don’t believe in the profitability of buying an apartment in Dubai in words, then consider the actual statistics:
City |
Average cost of an apartment per square meter, $ |
Dubai |
4370 |
New York |
17 191 |
London |
15 628 |
Paris |
12 910 |
Singapore |
11 307 |
Moscow |
4 583 |
Let’s conclude
Buy, sale, and rent in Dubai is highly profitable because there is a meager cost of real estate and beautiful apartments. Moreover, the country of the rising sun is considered Japan. In that case, the city where the sun practically does not go out can be called Dubai because, according to statistics, the average annual sunny day here is 361. Add to this the factor that there are bright and memorable landscapes: deserts, seas, plants, etc., which attract tourists. The variety of apartments simply amazes the imagination: you can buy a one-story house or rent an apartment in some skyscraper; at the same time, there is a possibility to buy a property in an unfinished home and sale after opening.