In this article, we tell you everything you need to know about how investing in property can help you make a profit, particularly in the property market. Most developers offer payment plans, making it easier for you to purchase your property.
Payment plans consist of two parts: the first part of the payment plan is spread out until the property is handed over. The second part will therefore be spread out after the property in Dubai has been handed over. During this second part, your tenants will pay a large portion of the payment plan.
This will enable you to reduce the amount of your instalment. No tax – this is also one of the main reasons to invest in Dubai: once your payment plan is in place, whenever a tenant is living in your property – whether during or after the payment plan – your profit will be net.
Once your payment plan is complete, all monthly instalments will be net, so you won’t have to pay any additional taxes or charges. At Dubairealestate.net, we support you throughout your freehold property investment.
Investing in property in Dubai and making a profit
Big ambitions for the years ahead. First of all, the Dubai 2040 Plan, which is an urban regeneration plan; the main initiatives of this plan are: an increase in the population – currently home to more than 3.3 million people – by 2040, Dubai’s population is expected to reach 5.8 million, with 60% of green space and 55% of the population able to live within 800 metres of a public transport station.
The ultimate aim is to improve the quality of life in the Emirate and open up new opportunities for it. Dubai ranks among the top 10 safest cities in the world. Every year, Numbeo, the largest user-contributed database covering all cities and countries worldwide, publishes its ranking of 431 cities.
In 2021, Dubai ranks 7th in this list. It is worth noting that the safest city in France is Nice, which comes in at 194th place. It is worth noting that three cities in the United Arab Emirates feature in the top 10 safest cities (Abu Dhabi in 1st place, Sharjah in 6th and Dubai in 7th).
There are many different cultures in the Emirates, with over 12% Emiratis and 88% expatriates. Dubai is now the city that attracts the largest number of expatriates. Career prospects, the lifestyle and the cultural mix make Dubai «the place to be».
You now have all the information you need on «How can investing in property help you make a profit?». For further information, book a consultation with one of our advisers. They will answer all your questions.
What is freehold?
Compared with a leasehold, where you invest in a property for a term of 99 years, a freehold allows you to purchase a property for an indefinite period.
A freehold is an investment that remains yours for life. Investing in a freehold enables you to build up your property portfolio. You will therefore be able to pass on your home to one of your heirs without any time limit.
When investing in rental property, it is important to bear the following points in mind: No tax; the rent covers the majority of the repayment plan; additional net income; a net return on investment of between 7 and 10%, compared with a gross return of 4 to 6% in France.
Becoming a property owner: as stated, we offer freehold investments, which will enable you to build up your property portfolio. Becoming a property owner, in the case of a rental investment, allows you to make a profit immediately, free of tax and duty. Your tenant(s) will cover a large part of your repayment plan, which will safeguard your property investment.
At the end of your payment plan, you will receive this income net of all charges and with no additional fees.
