Value Buying of Villas / Appartments in Dubai

Property Market in Dubai, UAE in Present Scenario Investment in Dubai has turned out to be a global property hotspot, with immense architectural developments along with promising projects growing up each day. The market in Dubai is still growing, thus the demand for properties is exceeding the supply. This is the right time for foreigners to invest in this country. The Freehold Law was passed in march 2006 which allowed foreigners a 99 year leasehold or freehold possession of land in selected areas. This has allowed the foreign investor a lot of merits. · Owners are capable to rent or sell out their possessions in Dubai if they wish. · Dubai doesn’t impose taxes on earnings; this includes those obtained from renting property. Capital Gains Tax are also not imposed. · With Dubai’s populace estimated to double in the next four to five years thus causing the demand for properties to increase each year, hence a land bought for the reason of leasing can be a long term income-generating benefit to the owner. · Owners are not necessary required to live in the UAE, but must stopover the country once every six months. Property management companies, include, Cluttons Asteco and Colliers International who can take care of the property when the owners are not there. Real estate market has improved compared to that of the preceding years. This is...

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