Why do Russians choose to buy real estate in the form of a villa in Dubai? The main reasons are obvious: an attractive tax policy and favorable conditions for doing business.
The tax system of the Emirates is loyal, in addition, the state actively supports the entrepreneurship of foreign citizens.
A citizen of another country has the right to Villa or mansion to buy in Dubai in one of two specialized areas:
- Freehold zone – intended exclusively for foreigners who want to acquire premium housing, regardless of whether they have permanent residence in the region. The property purchased there becomes the full property of the buyer, allowing for inheritance, sale, rent and other standard transactions.
- Leasehold zone – involves the registration of a long-term lease of housing for up to 99 years, after which ownership passes to the owner.
Buying a house in the UAE guarantees comfortable living in a closed area away from neighbors, allowing you to independently manage your time. The buyer receives a well-appointed home with finishing and comfortable furnishings, as well as the opportunity to arrange their own sports area or picturesque garden.
Recommendations for the competent selection and execution of the transaction for the purchase of a villa in the UAE
The Dubai market offers a large number of real estate offers of different price ranges. For a successful purchase, it is important to first study the current prices and legislation.
To successfully complete the acquisition process, it is recommended to take the following steps:
- conclude a bilateral agreement that regulates in detail the purchase and sale process, which fixes the full cost of the property, the payment procedure, terms and responsibilities of the parties;
- after choosing a suitable villa, you must confirm your intention to book by making a deposit of about 10% of the total contract amount;
- obtain a certificate confirming the seller’s consent to the transaction and the absence of encumbrances on the previous owner. When the transaction is carried out directly with the developer, obtaining a document is not required.
The UAE was able to turn political instability, global economic upheavals and other global difficulties to its advantage. Today, Russian entrepreneurs are increasingly investing in the emirate’s real estate. According to official statistics of recent years, about 15% of Russian businessmen have moved to Dubai for permanent residence.