Dubai and Abu Dhabi are two of the UAE’s largest cities that are the most popular among international investors. In general, Dubai is more attractive for expats who account for about 85% of its population. Abu Dhabi, in its turn, is more often сhosen for property investment by Emirati nationals and those from the neighbouring Gulf countries.
Dubai is the capital of the eponymous emirate, the largest of the seven emirates of the country in terms of population. The city is home to 3.5 million people. Notably, about 85% of Dubai’s residents are expats.
In early 2022, Tranio was approached by Denis, an entrepreneur from Moscow, who wanted to invest in real estate in Dubai. Denis made a decision fast and closed the deal remotely in the shortest possible time. Now he is applying for a residence permit in the UAE.
In March 2022, Sanzhar, a finance expert from Kazakhstan, invested in overseas property for the first time. Initially, he looked towards European markets but opted for a property in the UAE. In an interview given to our editorial team, Sanzhar shared his experience of property hunting in Dubai during the rush of demand and explained the roles of Tranio’s manager and partners.
The UAE’s Golden Visa is a special type of a long-term residence visa in the Arab Emirates. It is granted for five or ten years to foreign entrepreneurs, investors, property owners and academics. The Golden Visa allows expats to live and run business freely in the UAE, open a local bank account and become a tax resident in the country with a comfortable tax regime.
The UAE residence visa allows you to live legally in the country and is issued for up to 10 years. It can be renewed an unlimited number of times: in fact, a foreigner has the opportunity to be a resident of the Emirates for life.
Passport holders of the USA, UK, Japan and other 17 countries are entitled to a 30-day visa-free stay in the UAE. Citizens of 53 countries, including France, Spain and Germany, may enter the UAE without a visa and remain there for up to 90 days. For a longer stay, you have to apply for a residence permit, which is called a resident visa in the Emirates.
Property maintenance in Dubai costs less than in the Western countries since many taxes are inapplicable in the Emirates.
Foreigners may buy property in the freehold areas of Dubai, UAE. The freehold areas include Dubai’s most popular districts, such as Dubai Marina, Downtown, Jumeirah, Dubai Creek and many other neighbourhoods including Dubai’s green suburbs.
Educational development is one of the main priorities of the UAE: about 15% of the country's government revenues are spent on this sector.
The United Arab Emirates is often called a tax haven for it lacks many taxes that apply in other countries, yet some customary fees still remain. Let's look at the real estate tax rates in the UAE and see what fees have to be paid when buying a home.
Foreign nationals are allowed to take out a mortgage in Dubai. The maximum loan amount differs between Dubai’s residents and other foreigners. Residential developers in Dubai also offer installment plans.
The UAE real estate market, as well as the country's economy as a whole, has been steadily overcoming its dependence on oil prices’ dynamics in recent years.
Tranio gives you the heads up on which Dubai property to choose in order to secure the maximum rental yield.
Modern shopping malls have evolved into something far bigger than just retail centres. Some of them even give guests a chance to go skiing or take a submarine ride.
Among the millions of skyscrapers around the world, there are some truly unique works of art including malls that look like flying saucers, shoes and even a waterfall.
Russian buyers still dream of a second home overseas. Read on to discover the country’s top 10 locations in 2015.
Russia’s recession has hurt foreign investments, but it has not affected their buying habits as buyers continue to seek out luxury residential property abroad.