Every year, not only connoisseurs of high-quality and luxury holidays come to Dubai, but also those who want to profitably invest in the purchase of liquid real estate. A large selection of housings according to such characteristics as cost, area, layout, stage of completion, distance from the beach allow you to choose the perfect option for literally every buyer. Considering villas prices in Akoya Oxygen, Palm Jumeirah and other areas of the city, the first one definitely stands out from the crowd. Let’s find out why.
Reasons Of Investing In Real Estate In Dubai
Not everyone buys real estate in Dubai for investment purposes. Consider what benefits are offered to those who buy housing “for life”.
Firstly, off-plan real estate buyers have access to both installment payment and mortgages on favorable terms, e.g., the leading developer in the emirate, Emaar Properties, offers installments at 0% for five years. The risks are minimal, because the laws of the UAE oblige the developer to bear the maximum responsibility to the state and buyers. Therefore, it often happens that the next project is fully redeemed already at the stage of excavation.
Secondly, one of the main advantages of owning property in the emirate for foreigners is the opportunity to obtain a residence permit. More precisely, a resident visa is issued in the UAE. So, you can apply for a three-year visa when buying real estate worth more than USD 204,000. It is important that the apartment is completed and located in the freehold zone. You can become a resident even with mortgage real estate. At the same time, the interest rate on mortgages in Dubai does not exceed 4%.
What does the status of a resident of the UAE provide you with?
- the ability to quickly issue popular visas (Schengen, visa to the USA, Great Britain);
- equal rights with local residents;
- the opportunity to travel freely with the safest airline Emirates;
- the ability to open bank accounts in the UAE and freely withdraw currency from them;
- the opportunity to significantly increase their income, since the average monthly salary in Dubai is quite high.
Thirdly, the city is a suitable place for families with children, since all projects in freehold zones have a developed infrastructure: schools are located within walking distance and work on educational programs from different countries and in different languages. Most residential complexes have good kindergartens. Elite closed communities are equipped with everything you need: hospitals, shops, gyms.
Fourth, it is one of the ten safest cities in the world. The state allocates a significant part of the budget for law enforcement. Citizens themselves and even migrants unquestioningly follow strict laws, which is why the country has such a high safety index. No wonder it is in Dubai that local and foreign stars, scientists, bankers acquire real estate.
Buying property in Dubai, you can get a business license for three years with the right to renew it. The prospect of opening a company in a free economic zone with a flexible tax system attracts many businessmen.
Top Reasons To Invest In Akoya Oxygen
Akoya Oxygen is ideally located in the Dubai Land area of the United Arab Emirates. One of the unique features of the project is that it connects to four main highways in the UAE. The Mall of the Emirates, as well as other residential and commercial centers like Uptown Motor City, Dubai Media City, Dubai Internet City and Barshi Heights, are all close by, making this the perfect place for a family holiday. Akoya’s affordability and environmental features are noteworthy benefits. In terms of connectivity, this suburb is well connected to major highways, providing easy access to downtown areas such as Business Bay, Dubai Creek and Downtown. It is an ideal community for expatriate business professionals because it is only 30 minutes drive from the International Airport. In some respects, Akoya’s environment is extraordinary. Away from the noise of the city, this area offers a private and natural environment. Akoya also promotes the use of electric cars and motorcycles, making it more of a family destination. This upscale neighborhood is designed to blend in with a healthy lifestyle, with premium amenities including a desert-style spa and a unique yoga enclave.
Real Estate Agency In Dubai
The presence of its own extensive database of properties for various purposes allows the agency Ax Capital to quickly respond to the order received from the client, instantly present him with many interesting and profitable offers.