Dubai, a global hub for business, luxury, and innovation, offers long-term residency through its Golden Visa program. Launched to attract top talent, entrepreneurs, and investors, the golden visa for Dubai grants 5- or 10-year residency with multiple benefits. Whether you are a business owner, skilled professional, or investor, this guide covers everything you need to know about the Dubai Golden Visa.
So, why is it growing so fast? Dubai offers good things like no taxes on earnings, easy rules for investors, high income from renting out property, and a lavish lifestyle that’s hard to find elsewhere. If you plan to live, invest, or rent there, buying property before it’s built (called “off-plan”) could be your best move. This includes apartments, villas, or townhouses.
If you are searching for luxury villas for sale in Dubai, you must explore why buying off-plan property in Dubai is a wise choice. We’ll look at 10 great reasons that make this market so good.
Investing in off-plan property is a financially astute decision, offering several avenues for monetary gain.
Undoubtedly, one of the most attractive reasons to buy off-plan properties is the appeal of lower purchase prices. Developers offer early-bird prices to obtain initial funding, generate market interest, and maintain a steady sales velocity while construction is ongoing. Essentially, you are getting the property at a ‘pre-release’ value that will appreciate significantly post-completion.
Unlike a resale property, where you usually pay a hefty down payment while arranging for a mortgage, off-plan properties come with fully financed structured payment plans. The developer offers these plans and eases your financial burden by spanning throughout the construction phase and sometimes even after handover.
Your Return on Investment (ROI) from a rental property is fundamentally calculated by comparing the annual rental income generated against the total cost of acquiring the property. Since you secured your off-plan property at a potentially lower purchase price, your potential rental yield percentage stands to be higher after the completion of the property, and you find a tenant. Hence, you are getting high ROI.
A big plus of buying off-plan isn’t just about money. If you buy early, when a project starts, you get the best choice of homes.
You get to pick first. You can choose an apartment, villa, or townhouse that fits what you like and need. This means you can select the best spots in the building or area. Maybe you want a corner home with more light and privacy. Or a home on a high floor with clear, expansive city or sea views. You could choose a place near things like the pool or park. Or you might want one that is far from noisy areas.
You also get the first choice of room layouts and sizes that suit your life. The homes people want most – with the best views and spots – always sell first. So, buying off-plan property is an excellent idea.
When you buy off-plan, you will be the first to own the home. Everything inside is brand new and never used. This gives you real benefits. First, you will likely spend much less money fixing things in the first few years. This is less than you would pay for an older house. Second, builders usually give you a period (often one year after you get the keys) where they must fix any building problems. This helps you worry less.
Also, off-plan homes are built using the latest architecture. They have modern styles inside, like smart home technology, ensuring your new home is modern, comfortable, and ready for the future.
You might worry about the risks of buying a home before it’s built. However, Dubai has strong rules to lower these risks. The Dubai Land Department (DLD) and its special group, the Real Estate Regulatory Agency (RERA), carefully enforce these rules. If you disagree with the builder, DLD and RERA offer ways to help solve them. You can always check if projects and builders are appropriately registered. Use the official DLD/RERA websites or the Dubai REST phone app to find the best property developers in Dubai.
The Dubai Land Department (DLD) is Dubai’s central government office for property. It looks after all the buying and selling of homes and land. DLD’s primary role is ensuring properties are bought and sold safely. This helps people feel confident about investing in Dubai.
Here are some key things DLD does:
Here are some key things DLD does:
RERA stands for Real Estate Regulatory Agency. It is part of DLD. RERA makes and manages the rules for Dubai’s property market.
Here’s what RERA does:
Investing in property in Dubai can be a way for you and your family to get long-term visas to live in the UAE. This is through the popular Golden Visa program.
Dubai’s golden visa program lets people who qualify (like investors or those with special skills) get visas for 5 or 10 years. Also, you can renew your Golden Visa.
Investing in Dubai property is one primary way to qualify, and it is by buying property. If you invest AED 2 million or more in your wholly owned property, you can apply for a 10-year Golden Visa.
Buying an off-plan property might count towards this amount. This is often true if the home is nearly finished, or you have already paid a large part of the price into the safe Escrow Account. (You should check the exact rules for this).
Dubai golden visa also covers your spouse and children. It gives you stability and the freedom to live, work (if you want), and study in the UAE without needing a local sponsor. It also makes travel easier. This adds extra security and helps you plan long-term with your property investment.
New off-plan projects in Dubai usually involve more than just buildings. They are part of large, well-planned neighborhoods. When you buy a home there, you get more than just your apartment or villa. You get access to a whole lifestyle designed for you.
Think about having special access to things like:
Many neighborhoods also have shops, cafes, restaurants, and community centers. Some even have schools or clinics nearby. You also get essential services like security guards all day and night and sometimes help desks (concierge). Buying off-plan in these areas gives you a better way of life right outside your door.
Choosing to buy an off-plan property is more than just buying a home. It means you are part of Dubai’s exciting growth story.
The government always shows it wants the city to grow. It keeps investing in big projects like new roads or buildings. It also makes innovative plans for the future. For example:
The Dubai Economic Agenda ‘D33’ plan aims to make Dubai’s economy twice as big by 2033.
The Dubai 2040 Urban Master Plan is a long-term plan. It focuses on building the city well, adding more parks, making travel more straightforward, and improving life for everyone there.
At GRD Off Plan, we specialize exclusively in Dubai’s vibrant off-plan real estate market. Our team possesses a deep knowledge of the market dynamics and understands the difficulties you may face while investing in off-plan properties. We offer expert market insight to help you buy the best property in Dubai. Additionally, whether you want 2 – 3 Bedroom Apartments at The Chedi Private Residence or a 3 – 4 Bedroom Townhouse at Greenspoint, Emaar South, or any other location, we have a list of all the available properties in Dubai from leading developers.
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