What are the key benefits of investing in Dubai real estate?
• High Rental Yields: Dubai offers attractive rental returns compared to many global cities.
• Tax Advantages: No property taxes or capital gains taxes.
• Global Hub: Strategic location and strong infrastructure make Dubai a global business and tourism hub.
• High Quality of Life: Modern amenities, luxury living, and a safe environment.
Do I need a UAE residence visa to buy property?
• No, you do not need a UAE residence visa to buy property. However, owning property can qualify you for a variety of residency visas including the Golden Visa valid for 10 years under certain conditions.
• Foreigners can own 100% of the property in freehold areas and are entitled to the same rights as UAE nationals regarding the sale, leasing, and inheritance of property. However, in leasehold areas, they can lease property for up to 99 years.
What is the process for purchasing property in Dubai?
• Find a Property: Search for properties through real estate agents or online platforms.
• Make an Offer: Negotiate and make an offer.
• Sign Agreement: Sign the Sale and Purchase Agreement (SPA).
• Pay Deposit: Pay a deposit, typically 10% of the property price.
• Complete Payment: Pay the remaining amount and additional costs.
• Transfer Ownership: Complete the transfer of ownership at the Dubai Land Department (DLD).
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What is the process for renting out a property in Dubai?
• Find Tenants: Market your property or use a real estate agent to find the best tenants in Dubai.
• Sign Lease Agreement: Draft and sign a lease agreement with the terms & conditions listed regarding the tenancy.
• Obtain Ejari Registration: Register the lease with Ejari, the official rental registry.
• Service Charges & Maintenance: The owner is responsible for paying the service charges and taking care of major maintenance.
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How is the Dubai property market performing?
• The Dubai real estate market is one of the fastest growing property markets in the world. Thanks to the nation’s visionary leaders and being a global hub for trade, Dubai has an exponentially growing population and demand for properties.
• Dubai has a visionary plan, Dubai 2040, which forecasts an exponential growth of the city.
• Dubai is opening up the world’s largest airport, Al Maktoum International Airport, by 2030, which will have more than 10 million footfall annually.
• However, the market is susceptible to price corrections and global trends. But in the long run, the Dubai real estate market has been growing as one of the most desired property markets in Dubai.
Is GoClass a real company?
Nope, but it's a super-duper cool free website template for everyone on earth to use.
How time intensive are each cohort class?
Each cohort will take five to ten hours of your time every week to complete the live classes and homework.
Do you offer any guarantees?
Yes, you can receive a full refund up until your cohorts first class begins.