5 Tips for Expats to Invest in Dubai Properties

Every person with an invest able income is looking to cash in on Dubai's rapidly growing real estate market. But uncertainty about what is required and where to begin keeps delaying the process for most. Doesn't it?

Never mind, we got you covered. Here are five tips to get you started on the right track.

Clear your Fundamentals of the Property Market in Dubai

A clear basis for understanding Dubai's property market is necessary. You need to acquire essential knowledge about how to acquire finance, the numerous charges and fees related to investing in Dubai and familiarise yourself with the rules of investing in order to make a better investment decision.

If it sounds like a tedious task?

Start by conducting independent research online. Then contact your friends who have made a recent purchase or have a better understanding of the market. If all else fails, contact the property developers in Dubai, they will help guide you on the right track.

Remember, if you start today, your foundation will be better by a whole day.

Make an evaluation of the market.

Real estate and other markets work on the same concept of demand and supply. Simply put, it's most beneficial to purchase a home when there are more supplies than buyers, also called a 'buyer's market'.

Given that Dubai is a prospering market, the number of new projects in Dubai is high, and so are the chances of tapping into the buyer's market. When projects of top developers in Dubai are approaching completion, they reduce their asking price to obtain a competitive edge, thus making it the perfect opportunity to buy.

Another variable in the equation is mortgage rates. You can find out the best options online with a simple search. Many property developers in UAE offer consultations through which you can determine the best option available for you. Otherwise, you can use real estate listing websites to investigate and find a property that suits your needs.

Check the Eligibility Criteria to invest in Real Estate Dubai.

Dubai has mandated that investors interested in buying real estate in 2022 need a passport for identification. Although unless you have the desire to stay in the country, you do not need to obtain any residency permits/visas in order to make a property purchase. 

The UAE government has introduced Dubai Investor Visa for expats interested in buying residential properties in the emirate. You'll need a visa if you want to visit the UAE to research these potential investment opportunities. Please do your research about the visa as 

well because there are specific parameters that the property and investment need to meet to be eligible for this visa.

Make a budget

This might be the right time to ensure you have the necessary capital to invest. If not, this is the time to contact financial institutions to raise funds. Mind you; you'll need to include the deposit, transfer fees, real estate agent fees (if you hire one), and legal advisor fees (if you employ one). 

Top real estate developers in Dubai provide their veterans with the utmost care and help in the walkthrough of the complexities of paperwork. Shapoorji Pallonji Dubai ensures that no investor has to wait to park their investment because of paperwork delays.

Contact Real Estate Companies

The best real estate property developers in Dubai give you a better insight into the property market. Contacting the companies directly for their projects is a great way to learn about the projects they have on offer.

Additionally, they have expertise in dealing with overseas buyers, which helps them better aid you in your search process. 

Conclusion

Regardless of the location and project, you decide to invest in, do not duck on the research and investigation needed. You should start your search with these tips in mind to ensure that your investment in new projects in the UAE lets you enjoy the maximum return on investment possible.

FAQ
Q1): Is investing in property a good idea in Dubai?

Ans- Renowned for its investor-friendly policies, Dubai is a destination where no annual property tax, income tax, capital gains tax, rental revenue tax, or Value Added Tax (VAT) are levied. Thus ensuring that an investor can park a larger financial portfolio in the real estate of Dubai that will in turn result in higher returns.

Q2): How do expats invest in the UAE?

Ans- Expats can invest in funds like equity funds, value & growth funds, fixed income funds, active & passive funds, sector funds, Shariah-compliant or non-compliant funds and also in real estate to grow their investment portfolio.