How To Buy Property In Dubai From India @ZaaraHomes
Zaara Homes is one of the Best Real Estate Agency and a Real Estate Company in Dubai, Helps you to buy Property In Dubai From India. If looking to invest in Dubai’s first question comes can Indians invest in Dubai and how. First clear confusion yes Indian nations citizens are permitted to own a property in Dubai any citizen from any country it may be from India , United Kingdom, Saudi, any one can buy properties in Dubai. India's exponential growth in property prices has fueled the trend of Indians investing in Dubai. Over 25 per cent of foreign investment in Dubai Real Estate comes from Indians. Indian investment in Dubai real estate topped foreign investment in Dubai. Indian Investors in Dubai enjoy tax-free returns of 8 to 10 % and sound capital growth because the dirham is pegged to the dollar and unaffected by currency fluctuations. Additionally, an investor is able to send money home tax-free under a remittance scheme.
Understand The Dubai Purchasing Process:
You may buy property in Dubai either 'off-plan' from a developer or 'resale' from a private seller. When buying off-plan, you will need to submit your passport and a reservation form stating the details of the sale. When the reservation fee is paid, the Sales and Purchase Agreement (SPA) that commits both parties is drawn up. But for properties that are still under construction, the contract should include a completion date and an outline of compensation. A Memorandum of Understanding (MoU) defines the terms and conditions of the sale when buying resale property from a private seller, after which the buyer usually makes a 10% to 25 % deposit of the property price to secure the sale.
Obtain A Valid ID And Visa:
Over time, foreigners have been able to easily purchase and rent property in Dubai. You will, however, still be required to present a valid passport as proof of identity. Property buyers are not required to hold any type of residency permit. "Property Holder Visa" is a six-month visa that is offered by the UAE government for property buyers.
Why To Buy Property In Dubai:
In comparison to many other mature real estate markets, Dubai offers higher rental yields. Dubai offers property prices per square foot that are much lower than other cities worldwide, making it an attractive location for investors.
Returns:
Dubai has an average return of 7%. In comparison, London 2.6% , New York 2.8 %, Singapore 2.5%, & Hong Kong 2.3%