Dubai has a diverse, evolving economy, which is the prime reason for attracting international visitors and investors. The economy has investor-friendly policies and regulations that help international visitors get their apartment or villa in the bustling area of Dubai. The ever-growing economy of the city welcomes people from all corners of the world. People can own luxury and comfortable apartments in the heart of dynamic towns. Investors need to understand the several risk factors and regulations of the city’s real estate market.
Understanding freehold versus leasehold
It’s a basic inspection of Dubai’s real estate market, and it is essential to consider the difference between freehold and leasehold properties. Freehold properties give complete freedom to buyers, and they can get their ownership after buying an apartment. The owner is allowed to use the apartment as he wants. He can live in the apartment by himself or rent it. Dubai enables investors to buy property at a freehold policy, which is excellent support for investors.
Leasehold properties give ownership to investors in a specific time frame. Investors can have the license for their apartment but in a particular predetermined period. This timeframe can be from many years up to 30 to 99 years. This time frame can be extended at the end of the lease. The property goes back to the land owner or government of the country after completing the predetermined time.
Property ownership by foreigners
Dubai has open facilities for foreign investors and offers many facilities in different factors. Real estate is the specific center attracting global investments because of its foreign-friendly investing policies. All people other than UAE nationals, can freely purchase their freehold properties in decided areas of freehold zones. These areas mainly include Downtown Dubai, Palm Jumeirah, and the Dubai Marina. These attractive Dubai projects of properties with world-class facilities attract potential buyers. Investors need to gain detailed knowledge about selecting the right property suitable to their preferences.
Bluewater apartments for sale
While discussing the real estate market, it is important to mention the Blue Water Iceland development project with its stunning qualities. It is considered an artificial Island located at Jumeirah Beach. This area is famous for providing its residents with a luxury style and standard of living. Residents can enjoy the stunning views of sunsets, waterfront, and beaches and spend memorable time by choosing various entertainment options.
Blue Waters Apartments for sale has exciting infrastructure and design. The property owner of the beautiful flats of Blue Water Island can spend quality time in a natural environment at their doorstep. These apartments are perfect for giving luxury standards to residences because of their modern design with unique layouts. Dubai is the ideal place for those seeking real estate opportunities. If you want to buy your dream place in the alluring city of Dubai, choose Bluewater Apartments for sale to get possession of a vacation home. You will able to explore many tourist places of Dubai conveniently.