Dubai is quickly becoming one of the most popular places to live in the world. With its luxurious lifestyle and endless array of activities, it’s easy to see why. But before you pack your bags and move to Dubai, there are a few things you should know.
In this article, we’ll take a look at some of the reasons why Dubai is destined to replace Singapore as the top city for expats in just a few years. We’ll also explore some of the things you need to consider before making the move, such as cost of living and availability of jobs
Table of contents
1- The Advantages of Living in Dubai
2- Trends in the Apartment Market
3- What you need to know before Buying an Apartment
The advantages of living in dubai.
If you’re wondering what makes Dubai such a great place for expats, it’s location as well as its other advantages.
Dubai is a global city in the heart of the United Arab Emirates Now, many people will say that Dubai is a city of dreams and money, but that’s not true.
Dubai has a thriving business sector that brings in revenues in the region of around $1.4 billion annually, which goes a long way in building a high living standard.
So, before you make that move to Dubai, make sure you do your research. Find out where you’ll be living, how much it will cost you, and if the lifestyle is really for you.
Trends in the apartment market.
Dubai has emerged as a global city for work, study, and tourism. It is also becoming more of a city for lifestyle and shopping. The island city is also a permanent member of the United Nation’s list of cultural UNESCO World Heritage Sites. The city is also home to the Emirates Airline HQ, which has a workforce of over 17,000 people and a history of achievement in the commercial aviation industry.
The city has also become a hub of tourism, hosting a large number of tourists from across the globe.
THE BEAUTY AND THE BEACHES OF DUBAI.
Dubai has a lot to offer. It has beautiful beaches and beautiful buildings. But that’s not all. There is also a lot to see and do in Dubai.
If you are looking for a place that is more relaxing and less hectic, you should consider Dubai.
Start your experience with a healthy dose of culture.
What you need to know before buying an apartment.
So you’ve decided to pack up and move to Dubai. To start off, you’ll need to buy an apartment.
Luckily, Dubai’s property market is no stranger to expats. In fact, the first apartments to go on sale after the city became a free zone were specifically marketed at foreigners. So you should have no problem finding a place for you to call home.
And if you’re thinking of renting rather than buying, there’s no better time to do so than right now. The current rental prices have been declining since 2012 and are expected to keep heading down.
That’s because the demand for rentals has exceeded the supply. So prices have been forced down. And the rental prices for one-bedroom properties are only set to decline slightly from the current $1,200 to $1,225 per month.
But it’s not just about the low rentals, it’s about the fact that it’s very easy to buy property in Dubai.
A 10-YEAR INVESTOR VISA UAE VIA REAL ESTATE
It is mandatory for a foreign investor to have at least AED 10M public investment in the UAE to be eligible for the 10-year long term visa. This investment can be made in any of the seven emirates in the UAE without a sponsor.
Take a look below at the list of the investment types where one can attain a long-term real estate investor visa under the General Investor category.
CONDITIONS AND REQUISITES FOR A 10-YEAR INVESTOR VISA
- The investors will have to prove that the amount invested is not loaned.
- The investment must be retained for at least three years.
- There should also be financial solvency of the investment for the amount of AED 10M.
- Investors with a 10-year visa can include an executive director and an advisor apart from their children and spouse.
- This visa can also be extended to business partners if each contributes an investment amount of AED 10M.
- Foreign investors can apply for a multiple-entry permit for a six-month period.
The long-term residence is also applicable to persons with specialised talents in the field of art, culture or science. One of the many conditions for that is that they should be accredited by the ministry in their respective fields.
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