Why Invest In Dubai?
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Table of Contents
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There are many reasons why not only UK and US nationals, but all nationalities, are purchasing property in Dubai.
Dubai Financials - Dubai property prices are low compared to those in
the UK and popular European countries where markets are at all time
highs
- There is no income tax or capital gains tax applied in Dubai on
rent or resale
- There is no stamp duty, legal fees or survey costs
involved in buying freehold property in Dubai - apart from a 1.5% land
registry fee on completion
- Property has only recently been open for
purchase by non UAE Nationals and therefore many investors view there
to be a huge potential for growth in the Dubai property market
- With
the current level of exchange rate, the value for money in Dubai
compared to many other global property prices is second to none.
- Rental income from Dubai property is currently yielding around 8-10%
- Capital growth is likely to average in excess of 15% per annum
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