Buying an apartment in Dubai as an investment

Dubai is the city of the future. High skyscrapers, the mass of offices of leading companies in the world and a huge flow of tourists speak about its development and prospects. 

To have property in Dubai means to be successful. Should I buy an apartment in Dubai and then what to do with it? We will answer these questions here.

• The possibility of regular recreation near the sea, without a constant search for places in the hotel.
• Obtaining a resident visa when buying an apartment in Dubai from five years.

Having your own apartment, you can get excellent passive income from renting it out to tourists or other foreigners living in the UAE.

• Real estate for rent and profit.

Having your own apartment, you can get excellent passive income from renting it out to tourists or other foreigners living in the UAE. Moreover, the city is constantly being built and there will be no problems buying an apartment. You can invest in construction and in a couple of years get real estate in a respectable area.

• The government is doing everything to attract investors and foreigners, so the cost of apartments has become lower. You can find real estate prices here.
• No property taxes, including purchase or sale. It is enough to pay the registration fee. No additional costs. Compare: in Hong Kong, each property owner must pay up to 15%, in New York or London about 2 percent.
• Minimum costs for the purchase of real estate in Dubai: the amount of funds that can go to pay taxes in Dubai will allow you to buy an apartment with a larger area.

• High return on investment. The city is in great demand, and therefore the minimum income from buying an apartment and renting it out will be 5%, in more respectable areas, profit can bring 8% of income. Moreover, you can always sell it: there are many who wish to buy property in Dubai!
• Now to buy an apartment for rent is the most profitable. Indeed, EXPO 2020 will be held in the city in 2020. A huge stream of visitors is expected: from the exhibitors to ordinary visitors; about 25 million people from more than 250 countries of the world.

Buying an apartment with subsequent leasing has disadvantages: you need to monitor the order and regularly carry out repairs after tenants. However, there is an alternative: the purchase of hotel rooms in the city.

Many hotels sell rooms to attract investment in the construction of facilities. You can rent them out later and receive passive income without unnecessary problems in the form of repair and replacement of furniture. Hotel staff will keep track of everything. You will only have to receive passive income as a percentage of the surrender of the number.