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The process of buying property in Dubai offers sky-high yields, zero federal or Emirate-level income taxes, and a constantly increasing population. Dubai dazzles with its glittering skyscrapers, palm-shaped islands, and reputation for luxury. Property investors flock here for the outrageously strong rental yields and tax breaks.
As a foreign buyer, you can acquire freehold ownership without restrictions, whether a freehold property contract, off-plan properties, usufruct rights, or a leasehold up to 99 years. There is a 4% transfer fee and a monthly 'housing fee' of 5% of the average rental value, but no other taxes.
Several websites and real estate agents can help you find investment properties in Dubai. Popular areas include Palm Jumeirah, CityWalk Dubai, Jumeirah Beach Residence, Dubai Marina, Arabian Ranches, and Dubai Downtown, each offering unique features and investment potential.
To avoid problems, watch for scams, ensure proper paperwork, and research locations and rental yields. Dubai's property market delivers high rental income, tax perks, surging tourism, and hassle-free visas, making it an attractive investment destination. Now is a great time to buy, as property prices and rental figures continue to increase.
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