Is your dream to own a slice of paradise where luxury meets innovation under a tax-free sky? Welcome to Dubai – a super dazzling metropolis that has firmly now established itself as a global hub for the most exclusive real estate around the globe. So, if you are willing to buy an exclusive property in Dubai, you are probably entering a realm where architectural marvels pierce the futuristic skyline. Owning an exclusive property in Dubai isn’t just about owning a property but about establishing a lifestyle that is converted by the elite.
Dubai is probably located at a very strategic location and at the same time coupled with its unwavering commitment to growth. This city has now cultivated a real estate market which caters to exclusive buyers. This dream of yours can now become a reality when you choose to buy exclusive property in Dubai.
Why Dubai for Exclusive Property?
As Dubai boasts an exclusive infrastructure and iconic architecture, this is probably one of the most remarkable cities for investing in exclusive property. Let’s have a look at some more reasons why investing in Dubai for exclusive property would be a plus:
- World-Class Infrastructure and Iconic Architecture
There’s a wide network of planned roads, availability of utilities, and public transport, which ensures seamless connectivity and convenience for the residents living around. Just imagine how convenient it would be to smoothly navigate through the city on the modern highways. The modern infrastructure laid by the city of Dubai not only enhances the quality of life but at the same time underpins the value of exclusive properties across the emirate.
- High-end Retail, Gourmet Dining, and Entertainment Options
Another compelling reason to buy exclusive property in Dubai is that the city boasts an unwavering commitment towards maintaining a clean, green, and safe environment for all its residents. Not just this, Dubai is being ranked high in global safety indices. Such factors usually provide the residents with peace of mind and security of life. Additionally, as the city is dedicated towards cleanliness, it is evident that there are well-maintained public spaces and the surroundings are pristine.
- Strategic Location Between Europe and Asia
Dubai is located at a very strategic location and hence this factor serves as the most vital bridge between Europe and Asia. This serves to be a great factor for individuals looking to buy an exclusive property in Dubai. As this city is located at a prime location, this opens a central hub for travel, tourism, and global commerce. Such a factor not only boosts the city’s economic stability but at the same time adds long-term value to the exclusive properties.
- Frequent International Flights, especially from Major Business Cities
There’s an exclusive connectivity of international flights when it comes to Dubai, especially from the major business cities across the globe. Dubai’s airport boasts world-class amenities which makes it convenient for frequent and convenient travel. This makes it easier for the residents as well as the investors to connect with global destinations. No matter if you’re a business executive or an individual who appreciates global connectivity, there’s an exclusive flight network that would benefit when you buy exclusive property in Dubai.
Types of Exclusive Properties Available
There are some of the most exclusive properties available when it comes to buying exclusive properties in Dubai, such as:
- Luxury Villas
As you decide to buy an exclusive property in Dubai, you will discover a range of options that are tailored to the most discerning taste. Among such options, luxury villas stand out as the epitome of luxury living. Such villas are located at the most prestigious locations in Dubai like Palm Jumeirah and extend to the Arabian Gulf. The reason why many people resort to buying properties across these locations is due to ample features like the availability of private beaches that provide direct access to the stunning infinity pools and integrated home systems offering control at your fingertips.
- High-end Apartments and Penthouses
For those who prefer luxury living amidst the breathtaking views, the high-end apartments and the penthouses would be the best ones to consider when you buy exclusive property in Dubai. Such apartments are exclusively available across premium areas like Downtown Dubai, which is situated amidst the iconic Burj Khalifa and hence is surrounded by bustling promenades. Not just this, these apartments and penthouses are surrounded by luxurious and super exclusive amenities like private elevators which ensures you have direct access to the sky lounges.
- Branded Residences
Branded residences are one of the most unique segments when it comes to buying exclusive property in Dubai. Such residences often are the blends of luxurious living and hence are known for their best hospitality. Hence, such residences are often preferred due to their exceptional service standards and hence for their exclusive design aesthetics as well. Such residences are the most appreciated among those individuals who appreciate the finer things in life and are seeking a blend of service as well as luxury.
Benefits of Buying Exclusive Property in Dubai
There are ample benefits that may be included if you choose to buy an exclusive property in Dubai. Here’s what:
- Tax Benefits
One of the best advantages of buying exclusive properties in Dubai lies in its attractive tax advantages. There are many global real estate markets, but among those Dubai has a notable tax environment. Currently, there is no annual property tax on real estate ownership in Dubai. This enables you to hold your exclusive assets without the recurring tax burdens.
- Residency Visa
Another probable advantage of owning a property in Dubai includes eligibility for the long term residency visa, particularly the converted 10 year Golden Visa. There are ample benefits which come with the Golden Visa and hence this may include ability to work, live and study in the UAE for a prolonged period.
- High ROI
Well, the potential for high ROI is the key driver for many who choose to buy exclusive priority in Dubai. Usually landlords who are looking for regular income buy such exclusive properties. As Dubai is constantly progressing in terms of strategic development, continued growth and global appeal, such exclusive properties are expected to gain value appreciation over time.
Step-by-Step Guide to Buying Property in Dubai
Step 1: Budget and Financing
When you embark on the journey of buying an exclusive property in Dubai, it further requires a structured approach and the first step in this journey is to set up a clear budget and financing options. Before you begin the property search, you must set up a clear financial framework as it is the key. Not just this, you must even explore the mortgage options as this is a key as well. Know your borrowing capacity and at the same time about the associated requirements as well so that you can make owning your dream property a reality in Dubai.
Step 2: Property Selection
Once you’ve evaluated your budget and known your financing options, the next step in this process would be to make the selection of your property. Well, the work of navigating the dynamic and diversified real estate market is properly done under the guidance of RERA (Real Estate Regulatory Agency) as it has certified real estate agents under them. We would highly recommend physically experiencing and witnessing every property before making the final selection. It is because the pictures and the virtual tours can only provide the initial impressions but when you visit the properties in person, you’d be able to witness its layout, views and even witness the surrounding communities.
Step 3: Legal Process
Once you’ve finalized your desired property, the next step would be to reach an agreement with the seller. In this step, several legal steps are to be followed. This begins with reviewing the title deed and ensuring that the property’s ownership is free and clear of any kind of encumbrances. Apart from this, a Memorandum of Understanding (MOU) also needs to be drafted and signed by both the buyer and the seller. Finally, after all of these steps are complete, the final step would be to get the property registered with the Dubai Land Department (DLD).
Step 4: Closing the Deal
The final stage of buying the exclusive property in Dubai would be to close the deal and finally transfer the ownership. This step would involve completion of all the remaining financial transactions and also making the final payment for the property. However, the final ownership of the property would be facilitated through the Dubai Land Department (DLD).
Dubai stands as a beacon for the ones who are looking for the pinnacle of luxury real estate. The properties in Dubai are a blend of the groundbreaking architectural marvels, a secure and modern urban landscape and a tax friendly environment. This city also promises for a high end lifestyle, while also opening up high ROI opportunities for long term residency.
