It's Ramadan, and while for many of us it's the time of the year where it's a time of self reflection, it's also a time where we could look into the very attractive real estate market. With more and more developers offering to foot the bill on Dubai Land Department registration fees, this year they are also offering great payment plans.
In this second episode of Luxhabitat Talks, we first highlight the announcement made for investors by Sheikh Mohammed bin Rashid Al Maktoum this week followed by a consultation with Investments Advisor Ahmed Taha on his top 5 picks for investors.
This year, the Prime Minister of the UAE Sheikh Mohammed bin Rashid Al Maktoum announced the launch of 10 year residency visas for investors. He also announced a 100% foreign ownership of businesses. These moves were done in order to bring in investors to Dubai. While many can enjoy the tax-free lifestyle, businesses have the added benefit of paying 0 corporate income tax, which makes Dubai very attractive as a destination.
This announcement would be an added benefit to the Dubai real estate market; where anyone with a property above AED 1 million is eligible for a 2 years residence visa. The UAE is attracting more investors to set up base in the country. At Luxhabitat, we anticipate a boost in the real estate market as a result. Together with our Investments Advisor, here's a round up of the top 3 out of 6 investments to look into this Ramadan. Please note that these are in no particular order. The most attractive opportunities however, are discussed in the podcast, so don't forget to tune in via your Apple or Android phones.