Kirill approached Tranio with a request to find investment property in Dubai. He had already been living in two cities — Moscow and Dubai — for the past few years. This spring, our client made the final decision to settle in the UAE, buy an apartment there and relocate his business to the Emirates.
Many foreigners buy property in Dubai during the construction phase in order to benefit from the growth of its value after the building’s commission. Tranio's client Stanislav did the same and chose for his investment an under-construction project Safa Two by DAMAC. Stanislav bought four apartments worth several million US dollars and closed the deal remotely.
In April, due to a particularly high demand the UAE government relaxed a number of rules regarding the issuance of residence permits to foreigners.
Initially, Maria and Arthur viewed Dubai only as one of possible locations where they could invest in real estate and earn high yields.
The UAE is known for its liberal taxation system. Low taxes and no income tax have become yet another reason why Dubai turned into one of the financial centres of the Middle East and continues to attract entrepreneurs from all over the world.
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.
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.
Russian buyers still dream of a second home overseas. Read on to discover the country’s top 10 locations in 2015.