Last Updated on April 2, 2024 by Ali Hamza
Dubai is international city
The city’s government is making it easier to invest in the city. All types of properties are available for investment as this market is becoming bigger and bigger every day. The future of this city is bright and profit in the property is promising. Now since the city government decided to allow foreigners to invest and buy properties in Dubai. Many laws are changed and new policies are made that help in getting more investment from foreigners.
Dubai has hundreds of properties that are available for future investments. These properties include luxurious villas such as Sobha Forest Villas, apartments and single family homes etc. so a large number of properties are available and hence finding the property that suits your needs gets easy here.
Most overseas investors are interested in buying property that is high return and high income. The types of properties are given below to help you choose the best suited for you. Investors can decide about the type of property depending upon the their needs. For residential point of view here are some properties available.
Freehold properties
There are properties that are less developed and available for the overseas or any foreigner in the world. Foreigners are attracted towards these areas because they can make this property into any project they want. So they can make changes or make the whole house or building according to their needs. So people love to buy such property especially western people because they can make their houses according to their cultural needs also. Certain areas in the city are designated as freehold areas where anyone can invest.
Usufruct properties
The expats were not allowed to get the property in the city but now rules have changed by the recent government of the city and people who actually belong to the city Dubai are living away are allowed to purchase property under some rules.
The other type of properties includes villas and community areas. You should know about this because this will help you best investment.
There are three types of property location wise. Prime, Central and not central
Prime location include areas which are downtown, Dubai Marina, Palm jumerah. Central include areas like creek harbour.
Not so central areas are JVC, Ajran and Sports City.
If you decide to invest in the prime areas you should consider the point here. The prices are almost 100% high these days. So you will have to pay a huge amount as premium. While if you go towards the areas which are not at central location, you won’t have to pay huge premium amounts. The reason behind this is infrastructure is same all around Dubai, so these areas also have schools hospitals and other facilities and these areas will become central or prime areas in the near future. So spending money wisely can give you huge profit. But you have to take the risk.
The rapid increase in the business is surely due to smart policies by government.
Apart from this if you are interested to know about Buying property in Dubai then visit our Business category.
