Looking to buy a holiday home in Dubai? There are so many options to choose from, including villas, apartments and townhouses from different developers. But what should you all look out for before buying a property in Dubai?

Why invest in Dubai? The benefits at a glance

To begin with, it is important to know that the real estate market in Dubai works differently from other countries. Therefore, hiring a reputable real estate advisor is indispensable.

A common reason to invest in a house in Dubai they the rental yields. These are, in fact, among the highest in the world. Ranging from 5% to 9% in most cases. Moreover, the cost per square metre is much cheaper than in other world cities. All this together makes it a cost-effective alternative to owning property in Dubai.

New visa requirements

In addition, there are now new visa requirements for property investment in the united arab emirates. This may make you eligible for a residential visa for the duration of two to 10 years. This depends on the value of your property. And as icing on the cake, there is no property tax and stamp duty in Dubai, count your profits!

Good to consider before investing

Before you start looking for a property in Dubai, there are a number of things to consider. Consider location and neighbourhood facilities and services, such as public transport, schools and childcare. Also don’t forget the size and quality of the property. Finally, you would be wise to look at market conditions and determine the best time to buy.

The purchase process and procedures

The purchase process is fairly straightforward. It includes a down payment, signing a Memorandum of Understanding (MOU) and applying for a No Objection Certificate (NOC) from the developer. Once the NOC is issued, the transfer of the property can take place at the Dubai Land Department.

So, what are you waiting for? Start your property search in Dubai today and enjoy all the benefits this beautiful city has to offer! Also be sure to plan a visit to Second Home Expo in the Netherlands or in Belgium. Handy: before you go, check the exhibitor list and find out which vendors seem interesting to visit. Good preparation is half the battle and this way you won’t have any surprises.