If you are a wanderer with a taste for the luxury lifestyle, then Dubai is a perfect destination for a visit. It is equipped with extraordinary shopping malls and activities that will leave you mesmerized. Apart from that, Dubai attracts many foreigners through its real estate. Investing in Dubai is an actual profit and a long term investment if you are looking to make some serious bucks.
Buy property in Dubai and get residency
Being the heart of the United Arab Emirates, Dubai attracts thousands of visitors each year. Apart from the visitors, businessmen from all around the world visit Dubai to invest in the economy. The easiest and most convenient form of investment would be to buy a property in Dubai which oftentimes is a vacation home. With modern architecture and advanced technology, Dubai properties can be a beautiful place for when you need a break from your life, especially if you are a foreigner.
But luckily the vacation is not only an excuse to invest in the Dubai economy. Buying a property in Dubai can be of multiple uses for foreigners.
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Advantages of buying a property in Dubai
One of the major advantages of investing in an affluent and prosperous economy is that you are guaranteed to have a profit on the property if you decide to sell it or rent it someday. In the case of Dubai, you have many other advantages along with getting profit. Investing in Dubai is a one-time investment which means that the property you buy is tax-free.
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Do you get visa if you buy property in Dubai
Once you invested in a property, there is no tax collected by the government on it. This means investors can invest for once and can reap the benefits for a lifetime.
Along with that, the properties in Dubai are cheaper than their equivalents in other countries. But the benefits do not stop there. When you invest in a property, for instance, a vacation villa in Downtown Dubai, you get a residency visa depending on the price of your property.
Getting Residency Visa in Dubai
Depending on your investment in the economy of Dubai, you are likely to get a residency visa from around 2 years to 10 years. Here are the criteria for different duration of residency visas depending on different investments.
The two-year property investor visa
The two-year property visa is issued through the Dubai Land Department. It is given to investors who have invested AED 1 million to buy a property in Dubai. This visa comes with benefits like residency of Dubai which is equipped with an Emirates ID, your own driving license, and an opportunity to sponsor your whole family to get the same. But along with that, there are certain rules and limitations to it. The property is neither allowed to be mortgaged nor used as a commercial space. The investor also has to present proof of earning AED 10,000 per month in order to buy the property.
The five-year residency visa
The five-year residency visa requires an investor to invest 5 million AED to buy a property or a set of properties in Dubai. The benefits of this visa are the same as the two-year residency visa. The investor can sponsor family members and other dependents. But, the property should not be bought with a mortgage which means from the loan or financing money.
The ten-year residency visa
This visa provides the same benefits as the other two, but with a 10-year. Along with that, there should be an investment of 10 million AED to be made in Dubai. The difference here is that only 40%, i.e. 4 million AED of the 10 million AED can be invested in real estate. The rest has to be commercial or business investments.
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Overall, it is a really good opportunity to invest in the Dubai economy not only because it guarantees a very good return profit but because it has its own advantages like getting a visa and residency along with getting an Emirates ID that is known worldwide.
Now in 2020 three properties are available with Buy property in Dubai and get Residency all these properties offer Visa residence. Grab this offer more details.
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there are no questions in mind about what was terms and conditions so do not worry we will help to get the benefits of this offer.
The minimum investment in Dubai and get Residency
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Do you get visa if you buy property in Dubai?
Yes, Purchasing real estate property in Dubai in any off plan and ready property may grant the buyer a residence permit. According to the UAE investor visa program, the property must be completed upon the purchase and its value must be of at least AED 1 million.