Over the last few years, a huge number of tourists who visited dubai were struck by the fast pace of development and a high level of life in the country, as well as almost completely empty. Along with these ADVANTAGES, MANY TOURISTS DISCOVERED AND A WONDERFUL OPPORTUNITY, ALLOWING BESIDES OF REST, SHOPPING AND ENTERTAINMENT, TO BUY YOUR OWN HOUSE UNDER THE SUN.
In 2002, by decision of the Government of Dubai, foreign investors, whether residents of the UAE or tourists, had the opportunity to purchase real estate in unconditional ownership (freehold), which caused the ongoing construction boom today. At present, when the Dubai real estate market offers a whole palette of diverse projects, and every third UAE resident is engaged in real estate, the question arises: "Where and how is it better to invest, so as not to lose money with the project and secure a long-term income for yourself?". The question is not simple, given that every day there are more and more real estate agencies in the UAE market, and developers are coming up with and launching more and more interesting projects.
How to understand all this ordinary tourist or potential investor who decided to buy real estate in a country where summer reigns all year round? Royal Style Real Estate Agency offers its services to those who are faced with the serious choice of acquiring real estate in the UAE, whether it is a villa or apartment, office or shop, studio or penthouse. Today we will tell our readers how to choose the right investment object, and what you need to pay special attention to.
Most people who want to buy property in the Emirates often set their priorities incorrectly. People who come to the UAE seek luxury and impeccable service. Dubai, in turn, seeks to become the capital of the world through the provision of a huge number of new jobs and the construction of exclusive projects, such as the tallest building - Burj Dubai, the unique specialized sports city - Dubai Spot City and others. You can also mention the Dubai project Falcon City - a city in which life-size copies of the most famous wonders of the world will be erected: the Eiffel and Leaning Tower of Pisa, the Colosseum, the Great Wall of China, the Taj Mahal and so on.
A constantly increasing influx of tourists in the UAE in the coming years is inevitable. And if in Europe the occupancy rate of hotels is 40%, in Dubai this figure reaches 89%, which is the highest indicator among countries located on the sea coasts. Neither Turkey, nor Bulgaria, nor Egypt, nor other countries can compete with the hospitality of Dubai, its level of service, hotels, beaches, sea and sun all year round.
All of the above indicates that one of the most attractive investment options today is investment in furnished apartments, which are managed by a hotel operator. This is due to the attractiveness of Dubai as a tourist and business center, and therefore the construction of luxury hotels and hotel apartments is experiencing a new boom. This type of investment is interesting because the property owner makes a big profit (35 + 65% per annum), eliminating the need for a personal search for clients for rental housing. Thus, the investor has a chance not only to relax in the Emirates, but also to earn money for many years. It should be remembered that when investing in hotel apartments and, therefore, upon completion of their construction, the investor has the right to obtain UAE resident visas for himself and his whole family.
The advantages of investing in hotel apartments are that you, as an investor, save yourself from problems such as finding tenants, maintaining rooms in perfect condition, and repairs - all this is done by the hotel management for you. In addition, you can always come to your own hotel apartments and at the same time use all the hotel services for free.
The main advantage is also flexible payment schedules, which helps the investor to pay contributions for several months, or even years, until the end of construction and after the commissioning of the facility. It is not necessary for an investor to open a currency account in the UAE, since money can be easily sent by bank transfer from Russia to Dubai. In this case, the amount of payments always goes to the builder’s guarantee account (escrow account), which allows the latter to have access to the financial fund only at the stages of completion of certain phases of construction. Thus, your investment is 100% protected from the bankruptcy of the developer or other force majeure circumstances.
Royal Style Real Estate Agency will help you make the right choice of hotel apartments. An individual approach to each client, providing data on rising prices in the UAE real estate market, as well as familiarization with the basic laws - these are our initial tasks. With our help you will receive a guaranteed income for many years. For more information, please contact our specialists. All your calls are welcome, as we are always happy to help compatriots.
