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 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.
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.
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.
For Russians, Canada and the US are the top destinations to immigrate to in 2021. At the same time, Russian citizens would prefer to own real estate in Turkey or Spain and to retire in Germany
Citizens from 120 countries can either stay in Turkey for up to 90 days without a visa or get a single-entry visa upon arrival.
In Europe, no law prohibits foreign citizens from buying property but certain countries have put limitations on this right.
The international real estate broker Tranio proposes mutually beneficial cooperation to partner agencies in Turkey: Turkish agencies can post their real estate listings for free in Tranio’s catalogue.
The international real estate broker Tranio proposes mutually beneficial cooperation to partner agencies in Georgia: Georgian agencies can post their real estate listings for free in Tranio’s catalogue.
To get a Greek residence permit, investors have to spend only €250,000 on property.
In late February, Jordan approved a residency-for-investment programme for investors who purchase property above $282,000. Will the new measure have an effect on the local market?
Take a look at the best European and Middle Eastern destinations where you can enjoy
According to a survey by Tranio, political and economic instability is one of the main reasons behind foreign property purchases.
In Israel, it costs about $10,000–10,500 (ILS 37,500–40,000) per year to maintain property. Maintenance charges for an apartment are $20–$40/sq. m. per year, $40–90/sq. m. for a house and $70–180/sq. m. for prime property.