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Are You Seeking Property in Dubai? Factors to Consider in 2022 for Pro Investment

Important factors to consider in Dubai before you plan your investment here. With better clarity, you need a dream property for your family and have a stress-free investment experience here.

Are You Seeking Property in Dubai? Factors to Consider in 2022 for Pro Investment

Investment has always been an important decision for all of us because it brings a new sense of security and a good way to secure a future. A perfect amalgamation of financial and emotional support is rewarded by real estate investment and investors and home buyers who are seeking secured investment in Dubai.

Here we have set out some important factors before buying a home in Dubai for Pro Investment 

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LOCATION

The location has always been a major concern for property investment because a well developed location will always promise better livability in terms of closeness to social and physical infrastructures and then robust public transport makes the connectivity far better. 

Other rapid developments add comfort and ease to the lifestyle by serving everything in the vicinity, so choosing the right location will be a daunting task, but one should find out the best location for lucrative investment - BETTER CONNECTIVITY AND HIGH RETURN OVER INVESTMENT (ROI).

Afford Ability

Check the affordability before moving to any home because one should be clear on what they are looking for, so set out your budget check the affordability rate and then filter the options, this will save your time as options will be under your budget.

Maintenance Cost

Annual maintenance charges are paid to the Dubai Land Department based on the RERA service charge & maintenance index, so you should be aware of it completely because this is going to be your extra expense which you need to pay for your home, so mind this before.

Visa Consideration

Dubai properties which are above AED 1 million requires residency visa with certain conditions. Also, property owners can sponsor a visa for their family members. Two types of VISAS - 6 months multi-entry or 2 years residency. On the other hand, the property above AED 5 million, with no mortgage may entitle you a 5 year residency visa with again with certain eligibility to fulfill.

FEES

  • 4 per cent fees to Dubai Land Department+ AED 580 admin fee
  • Registration fee- AED 2,000+5 per cent VAT on properties below AED 500,000 
  • AED 4,000+5 per cent VAT on properties above AED 500,000 
  • Agent Fees- 2 per cent purchase price with 5 per cent VAT
  • 1 per cent of the loan amount + 5 per cent VAT on bank mortgage fee
  • 0.25 per cent of the loa amount +AED 290 registration fees
  • Property valuation fee AED 2,500-AED 3,500 + 5 per cent VAT

So better you should be aware of the fee structure essential at the time of purchasing property in Dubai.

RIGHT CONCLUSION FOR YOU

Every mentioned aspect plays an important role because collectively it makes the investment process easy peasy and creates a better experience for everyone because an international investment can be something to worry about, so better to clear your mind and thoughts before planning Dubai investment in 2022, and as you know government support has improved the visa accessibility where people from different countries can avail its benefits.

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