The UAE attracts millions of people from around the world with its beaches, modern skyscrapers, and exclusive residential complexes. The United Arab Emirates (UAE) is an ideal choice not only for comfortable living, but also for investments: it’s ranked 2nd in the list of countries with the lowest crime rates, and the number of property transactions in 2022 tripled compared to the previous year. Our company will help you choose real estate in the UAE and provide complete legal support.
Key Advantages of Buying Property in the UAE
Investment Opportunities for Individuals and Legal Entities: In recent years, property prices and commercial properties in the UAE have been rising rapidly. The average property payback period is around 8 years, while in Moscow, for example, it might take 20-35 years. Since prices are constantly increasing, you can buy property for living or renting and sell it for 1.5-2 times the original price, after a few years.
Favourable Property Ownership Conditions: The laws and regulations in the UAE provide legal protection for the rights of foreign investors. Both individuals and organizations can easily register ownership. The UAE simplifies the process significantly, making it attractive for foreign investors.
Soft Tax Environment: Corporate income tax in the UAE is one of the lowest in the world at 9%, and it is not imposed on operations outside the UAE. Due to minimal tax obligations, foreign investors can maximize their profits.
Comfort and Quality of Life: The UAE is known for its modern infrastructure and high level of service. It has one of the lowest crime rates in the world, high levels of security, luxurious hotels, shopping centres, restaurants, sports facilities, and beaches. It is also a top tourist destination, hosting numerous cultural events, festivals, exhibitions, and sports events.
Top Locations for Buying Property in the UAE
Dubai — Energetic Metropolis and Financial Centre.
Dubai is one of the most popular and sought-after places in the UAE for real estate investment. It offers a rich selection of residential complexes and modern infrastructure. You can find luxurious villas, apartments overlooking the Persian Gulf, and skyscrapers with incredible views. Depending on location, class, and rental cost, a property in Dubai can yield returns of 5-10% annually. The average price per square meter is $3200.
Abu Dhabi — the Capital with Rich History and Business Potential.
The capital of the UAE is also actively developing and is considered an attractive location for real estate investment. It features high-class residential complexes, spacious villas, and exclusive apartments. Abu Dhabi is known for its modern architecture and green parks. Similar to Dubai, the property yield is approximately 6-7% annually in areas like Al Reef, Al Reem Island, Yas Island, Saadiyat Island, and Masdar City. The square meter of property in the capital is slightly cheaper, averaging at $2900.
Sharjah — An Ideal Place for Family Vacation and Living
This is the third-largest emirate in the country, offering affordable real estate and a family-friendly atmosphere. There's a wide range of apartments, townhouses, and villas at lower prices compared to Dubai and Abu Dhabi. Sharjah is also known for its sandy beaches and traditional Arabian atmosphere. In November 2022, the local government allowed all foreigners to own real estate projects of any type and purpose. This led to an investment boom, and it's likely that the price of properties will continue to rise. In 2023, the total amount of real estate transactions in the emirate averages around $400-500 million per month.
Ras Al Khaimah — Budget-Friendly Option
This emirate is situated on the coast of the Gulf of Oman and attracts buyers with its affordable property prices and picturesque landscapes. For instance, compared to Dubai, property prices here are generally 30-50% lower. You can purchase a good property for under $100,000. Ras Al Khaimah offers sea, mountain, and lake-view villas and apartments. It also provides numerous opportunities for outdoor activities, including hiking and water sports.
Taxes on Real Estate in the UAE
The taxation system varies in each of the seven emirates, including based on the type of property. Generally, the tax burden is not heavy for investors since their net profits from sales or rentals are much higher. The main taxes in the UAE are:
- Registration Fee: Usually applied during the legal process of property purchase or rental agreements. It's a percentage of the contract price. The exact rates may differ in different emirates, such as 4% in Dubai and 2% in the Capital.
- Service Charges: Property owners are also required to pay fees for maintenance and infrastructure support. The size of these charges depend on the specific emirate and property.
The UAE consists of seven emirates, each having its own taxation system. For accurate and detailed tax information, it's recommended to consult local tax authorities or real estate specialists. Our experts can help calculate income and investment profitability for a specific property. There are also some exceptions and benefits for foreigners in the UAE. For example, foreign property buyers who are not residents of the country may be exempt from paying income tax when purchasing new property. Investors can also benefit from tax concessions under double taxation avoidance agreements. However, such exceptions depend on the emirate's policies and the type of property.
Make Fortune — A Reliable Partner for Real Estate Purchases in the UAE
We offer services for foreigners who want to acquire property in the UAE for living, business, or investment purposes. Our specialists support buyers at every step, from property search to legal transaction processing. Why choose us:
- Maximize Investment Potential: We have deep insights into the UAE real estate market, including its dynamics, trends, and opportunities. Our team constantly tracks changes and identifies the most promising properties with high returns.
- Wide Range of Properties: Our experts will find real estate for any purpose: living, rental income, trading profits, entertainment, etc. We help find properties tailored to specific needs and organize viewings, completing transactions remotely.
- Safety and Transparency: Our company places great importance on the legal integrity of each transaction. Experienced lawyers and consultants ensure full compliance with all legal procedures and protect buyers' interests.
- After-Sales Service: After the legal transaction, you can continue your collaboration with us. We assist with property rental, organize repairs and maintenance, and ensure a stable flow of income from your investment.
Our company is a reliable partner in property search, purchase and management. We select only promising properties that are attractive for investment, business, and living. You can fully rely on us in all aspects of the purchase process — we guarantee a high level of service and professionalism.