Dubai Home Buying Guide

 According to the 2024 Wealth Report released by Knight Frank, a leading global real estate consulting firm, although the prices of luxury homes in Dubai have increased compared to before the epidemic, they are still lower than those in major mature markets around the world. In Dubai, US$1 million (approximately NT$31.8 million) can buy 91 square meters of real estate space, which is four times that of Hong Kong, 2.7 times that of London and New York, and 1.4 times that of Tokyo. This makes Dubai an extremely attractive real estate market in the eyes of global investors. ... Continue reading

Dubai is a tax-free haven, exempting land tax, property tax and income tax

 For many real estate investors, tax exemption is the biggest advantage of investing in Dubai. There are no investment restrictions for foreign natural persons in Dubai real estate, and there is no need to pay land tax, house tax, or income tax. Net income can be directly obtained by paying a one-time 4% land registration fee when purchasing a property. This greatly reduces investors' costs and is a very friendly market for investors who seek long-term stable returns. ... Continue reading

The rental return rate is high, reaching 7-15%, ranking first in the world

 Dubai's rental return rate ranks among the highest in the world, especially for properties in core areas. According to statistics, the average long-term rental return rate of Dubai properties is 7-9%, and the average short-term rental return rate is 10-15%, which is higher than 2-3% in New York, 4-4.5% in London and 4.5-5.5% in Australia. ... Continue reading

If you reach a certain investment threshold, you can immigrate to Dubai

Foreigners who purchase eligible properties in Dubai can apply for a 10-year Golden Visa, which means that real estate investors can obtain long-term residency through investment and open a bank account.

• Application threshold: Purchase an officially recognized property in Dubai worth more than 2 million dirhams (approximately NT$17.3 million), which can be one or more rooms, as long as the total value reaches.
• Family sponsorship rights: Visa holders can sponsor their parents, spouse and children under the age of 30, as well as three maids, nannies or drivers during the validity period of the visa.

The dirham is pegged to the US dollar, so exchange rate risk is very low

 Dubai's currency, the AED, has long been pegged to the U.S. dollar, with the exchange rate fixed at 1 dollar to 3.6725 AED. For investors, a stable exchange rate can effectively reduce the exchange rate risk caused by exchange rate fluctuations. At the same time, buying a house in Dubai can also be regarded as an asset allocation in US dollars. ..... Continue reading

Dubai has no foreign exchange controls, and funds can flow in and out freely

 Dubai has no foreign exchange controls, so funds can flow in and out freely and foreign currencies can be freely converted, which provides great flexibility and convenience for multinational investors. Investors will not be restricted whether they are remitting funds from abroad or remitting investment proceeds overseas. ..... Continue reading

The property has permanent ownership and can be legally inherited by descendants

In Dubai, foreign investors can legally own real estate with permanent ownership rights, which they can not only hold for a long time, but can also legally pass on to their children and grandchildren, ensuring the inheritance of assets from generation to generation.

Strict supervision by competent authorities provides protection for real estate investors

Dubai has a complete real estate regulatory system, including the competent authority, the Department of Land (DLD), the Real Estate Regulatory Agency (RERA), the Real Estate Investment and Promotion Department, the Rental Dispute Center, the Dubai Real Estate Academy, etc., to ensure the governance and supervision of the real estate market and provide investors with a safe and reliable investment environment.

• For example: There is a "defect liability period" when buying a house in Dubai. Within one year, if there are any problems with the house, including burst pipes, small cracks, etc., the homeowner does not need to pay a penny and the builder must be responsible for repairs.
• Builders must register for an ESCROW ACCOUNT supervised by the DLD before they can start selling construction projects. All investors' housing payments must be deposited into an ESCROW ACCOUNT, and the builder must then provide proof of project progress before payment can be made in installments.