Did you know that Dubai offers the highest rental yield of any major city globally at 12%?
Our Dubai-based team has updated their loan program to make it easier and more accessible for international investors (details below).
Cities with high rental yields normally don't see dramatic price appreciation, and vice versa, but Dubai is blessed with a perfect combination of people moving there for career opportunities, low inventory, and an influx of money simply looking for some capital gains.
Dubai's real estate market offers super-high rental yields and enticing tax advantages, offering good diversification for international property investors.
Understanding Property Ownership in Dubai
Navigating the process of purchasing property in Dubai is relatively straightforward, similar to the process in major markets like the U.S., U.K., Canada, etc.
Here are the Key Requirements:
International investors are able to own freehold property in Dubai and there are no visa requirements. There are however some specific areas earmarked for foreigners, according to "Article 3 or Regulation 3 of 2006".
How Much Tax Do I Pay When Buying a Property in Dubai?
Dubai has built its reputation as a tax-friendly hub for business and property investments. There is a 4% transfer fee payable to the Dubai Land Department upon property transfer, along with a monthly' housing fee' equivalent to 5% of the area's average rental value. This tax regime contrasts sharply with other countries, where property transactions may incur substantial tax burdens.
How to Find a Property in Dubai?
While there are many online sites that are a good reference tool, our international clientele still prefer speaking to a trusted real estate agent who understands their requirements. Contact GMG's Dubai team to be your trusted realtor and mortgage originator.
Where to Buy Property in Dubai?
Dubai presents a plethora of options for property investment, catering to diverse preferences and budgets. The following areas are popular with GMG's high-net-worth clients: Palm Jumeirah, CityWalk Dubai, Jumeirah Beach Residence, Dubai Marina, and Arabian Ranches. Each offers unique advantages ranging from scenic waterfront living to vibrant urban experiences.
Our team in Dubai only works with international clientele so we understand the types of homes that are the best in rental yield and or price appreciation. Similar to investing in the U.S., there is a price point for all types of investors.
How to Avoid Problems When Buying Property in Dubai?
In any hot market, regardless of the asset, there are always bad actors.
Given Dubai's thriving property market, there are people who can take advantage of the misinformed international buyer.
Some things to look out for:
Scams and fraudulent listings: Ensure agents and property developers are registered with RERA (Real Estate Regulatory Authority), verifying credentials for both completed and off-plan projects.
Overpaying: Prior to committing to contracts or transactions, conduct thorough research on neighborhood rates to make informed decisions.
Paperwork discrepancies: Verify critical documents such as the Memorandum of Understanding (MOU) and No Objection Certificate (NOC), ensuring they're authenticated by your real estate agent.
Bad locations: Utilize rental yield data to select prime areas for investment, conducting independent research to validate seller claims.
Unauthorized sales: Confirm the seller possesses legal rights to the property.
Invest in Dubai with Global Mortgage Group
GMG offers unparalleled expertise in Dubai's real estate investment market, guiding investors through the property acquisition process with professionalism and sophistication.
Investing in an overseas market can be daunting in the beginning, but having a trusted partner like GMG to educate, guide, and look out for your best interest is crucial.
GMG Dubai Mortgage Loans for International Investors
GMG Dubai Investor + is a loan program specifically designed for international, non-resident borrowers to make qualifying with your local income and credit easy. We have made some changes to the program to make it EVEN BETTER.
- Lower minimum loan amount
- No need to set up local SPV
- More types of homes available for financing
Get in touch with us today to find out more at [email protected].
