Dubai has recently been declared as one of the top destinations for millionaires to buy their second homes, on par with London, New York or Zurich. People of such resources have any possibility at their feet and their choice of Dubai in order to buy apartments testifies to the Emirate’s high quality of life and excellent value.
If you are looking to settle down in the largest Emirate of the UAE, you can explore all the apartments for sale in Dubai and decide on the criteria you look for in the accommodation you want to buy. A mere 30 percent of all dwellings are occupied by their owners, which makes the market an attractive one. This phenomenon takes its origins in the special economic structure of the city, where a big proportion of residents are expatriates.
What advantages will you get from buying a flat? The city is a well-known and respected regional hub for many industries. Most financial operations for the Middle East and North Africa region, known as MENA, run through Dubai’s banks and other tertiary sector institutions. Owning an apartment in Dubai will allow you to enjoy an unparalleled quality of modern public facilities in transportation, healthcare and education. Its airports acts as a connection between Europe and Asia and makes any destination within a few hours’ flight. Many of the world’s millionaires flock to the city for their second homes, which in itself shows its great quality of life.
You have already looked up the apartments for sale division of our portal, which means that you are probably looking to buy a flat. The listings on YzerProperty of flats for sale in Dubai offer both cheap and luxury units, depending on your personal priorities. Any aspiring property owner would be forgiven for being overwhelmed by the extensive choice of available units. At YzerProperty, we appreciate that finding the perfect place for a dwelling is a time-swallowing process and are here to guide you through this process as smoothly as possible.
With Dubai being a multi-faceted city, there is a wide range of flats for sale and with many different criteria to consider prior to one’s decision. So nota bene, when looking at a flat for sale in Dubai, the following criteria must be considered by their prospective owner in advance. An apartment for purchase is not just a piece of real estate but a home. So, is the buying price adequate for the surrounding amenities and infrastructure? Is it close to your office or place of business? Are there any facilities for leisure nearby? This will especially important if you have a family to settle down in your apartment with you. Not to mention the proximity to public services such as hospitals and schools.
Recently, faced with some general economic headwinds that have affected the country, purchasing prices have fallen. Economists believe that price levels have now bottomed out, so any prospective apartment landlord should make a move now. It is difficult to make give general statements about the price level of rented apartments in a market as vast as Dubai’s, and we therefore invite you to make use of our unique service and discover the advantages of the long term leased apartments for yourself!
If you are a foreigner, you should especially consider the specifics of the Dubai flat purchasing market. Since 2001 foreigners have been allowed to purchase flats in the Emirate. First on a leasehold of 99 years, which has now been changed to allow even freehold arrangements. However, if you are considering buying the flat with credit financing, make sure to find out the minimum proportion that needs to be paid in advance from the local authorities. Further, residential permits may be tied directly to owning an apartment in the Emirate, which is also worth your attention.