Real Estate

Dubai - The new desitination of intelligent investors in property. Home to some of the most prestigious buildings in the World, rich with every contemporary comfort. Yet, the allure of its natural splendours and manmade wonders make Dubai a favourite haven for visionary minds.

The recent decision to permit purchase of property by non-citizens of UAE in Dubai in certain designated freehold areas has seen a boom in construction property. The attractiveness of Dubai as a hub for the Middle East and African region has seen a growing interest in real estate. The returns offered in the property market during the last few years have been phenomenal. The high rentals have too made purchasing real estate a much sought after option.

The decision of the government of offer residence visa to individuals who purchase real estate has led to a number of persons to make Dubai their second home so as to be in the midst of the action happening as well as to save on taxes on their global income due the tax free status.

The options available for purchase of real estate vary from studio apartments to spacious villas. The most sought after properties is in the Palms, an iconic manmade island in the shape of Palm tree. It is best to go in for reputed builders as one is assured as to delivery, quality of constructions and after sales maintenance.

A number of banks and finance companies offer finance for purchase of property that goes up to 90% of the cost of property. In certain cases, the interest is subsidised due to a deal with the developer. The repayment term varies from 5 to 25 years depending on your balance employment life.