Investing in real estate in Dubai: the best offers

Selection of real estate in Dubai for Kirill

Kirill reached out to us with a request for real estate selection in Dubai for investment and housing. In recent years, he has been moving between Moscow and Dubai, but this year he decided to settle permanently in the UAE, buy an apartment, and relocate his business. Starting with the search for housing, our collaboration expanded. After a successful purchase, he was pleased with the speed and quality of service. Additionally, he registered a company and opened bank accounts in Dubai through us.

Choosing housing for investment and living

Kirill was looking for an apartment not only as an investment but also for living. He preferred rapidly developing areas with potential for future resale. There were many offers in Dubai:

• Erin at City Walk:a $588,000 condo promising a 7.5% yield.
• The World Islands:Two-bedroom apartments for $477,000 with access to pools and beaches of the Persian Gulf, with a total area of 51 m².

Among the luxurious options stands out a furnished villa on the water at The World Islands, priced at $5,538,000 and covering an area of 372 m², or new villas with a pool by the sea for $8,174,000, with a total area of 836 m².

• Damac Hills:an apartment for $219,000.
• The World Islands:villas with a sea view for $4,223,000.

• Golf Gate 2:two-bedroom apartments for $445,000 and two-bedroom apartments for $285,000.

Features of choosing and confidence in investments

Despite the focus on investments, Kirill approached the selection process with particular care, valuing the quality and potential of each property. This approach ensured not only profitability but also satisfaction of his personal housing needs, which is important for future transactions and rentals.

Our client, already well-acquainted with the Dubai real estate market, had a number of requirements when choosing a home. Firstly, he was looking for an area with a developer that has a proven reputation. Secondly, the client would prefer to purchase a studio or one-bedroom apartment, as these properties are the most liquid. The third wish was for a beautiful view from the windows, overlooking the skyscrapers in the city center, while the residential complex should have high-quality finishes both in the apartment itself and throughout the entire complex. An important condition was also the possibility of renting out the property after construction is completed.

Proposal in MBR City

We offered the client a project in the new MBR City area, which is located just 15 minutes from downtown Dubai. This location is especially convenient for those working in the business center or downtown. MBR City covers a large area of over 100 square kilometers, featuring plenty of green spaces such as parks, running and cycling paths, tennis courts, and sports fields. The area also offers numerous shopping malls, bars, and restaurants, making it an attractive place for living and investment.

Interesting housing options

• New two-bedroom penthouse in the Wilton Terraces residential complexwhich offers excellent opportunities for obtaining a residency visa and rental income.

• Studio in the Highbury residential complexin the Sobha Hartland area, with developed infrastructure, including parks and water canals, which adds to the comfort of living.

Other projects

Berkeley Place, Crest Grande, and Creek Vistas GrandeThey offer various types of apartments with modern amenities, such as swimming pools, gyms, and green spaces. These complexes are the perfect choice for those who value comfort and a modern lifestyle in the heart of Mohammed bin Rashid City.

Real estate selection in MBR City

The selection of real estate in MBR City is wide and diverse, ranging from small studios to luxurious penthouses, allowing our clients to find the perfect solution that meets their needs and investment goals. Our team of experts is ready to provide full support and consultation at every stage of the purchase to ensure maximum satisfaction for our clients with their acquired property in Dubai.

III MBR City is a promising area for real estate investment due to the numerous projects under construction. Upon completion of the development, housing prices are expected to rise significantly. Recently rental prices in the Meydan neighborhood, where Kirill's apartment is located, have increased by 4.9%, which indicates the dynamic development of the market.

Clubhouse in European style

The apartment chosen by Kirill is a European-style club house with an extensive infrastructure and communal areas. This complex features several swimming pools, a modern gym, a lobby with board games, a coworking space, and a reception area. Such properties are usually more liquid and popular among end buyers and tenants who prefer comfort and style.

Unique atmosphere and improved living conditions

Apartments in club houses are valued higher due to their unique atmosphere and improved living conditions. In MBR City, they are particularly in demand, even despite the presence of more central alternatives. The complex that Kirill invested in also offers shared leisure areas for all residents.

Assistance in project selection

While helping to choose the right project, we organized meetings with developers, tours of construction sites, and presented the company's completed projects.

All written materials have been translated from English to Russian and certified.Our team has carefully prepared all the necessary documents for our client and conducted negotiations with the bank's currency control. Saglara Okonova, our analyst, received the Oqood certificate after transferring funds to the developer's account, which secures the investor's rights to the property in the United Arab Emirates. Oqood is an important document that confirms the buyer's rights until the completion of the residential complex. After the property is put into operation, Kirill will receive the Title Deed — a document that certifies his ownership rights.

When Kirill made the deal to purchase real estate in the UAE, he, along with our team, took care of every detail of the process.We have paid special attention to the paperwork to ensure security and legality of the transaction. Our specialists have thoroughly analyzed all aspects of the transaction in order to to ensure that all the necessary paperwork is completed correctly.

Saglara Okonova, our experienced analyst with extensive real estate experience in the UAE, was responsible for key stages of the process.She ensured the transfer of funds to the developer's account in accordance with the contract requirements and received the necessary Oqood certificate. This certificate is a key document confirming the investor's rights to the property they are purchasing.

After the completion of the residential complex construction and the commissioning of the property, Kirill will receive the Title Deed.which will certify his ownership rights to the purchased property. This document will serve as confirmation that the real estate belongs to him and that he is the legal owner.

Our team ensures that all the processes of real estate transaction support in the UAE are carried out in accordance with the law and all necessary formalities.We strive to provide our clients with maximum protection and confidence in the accuracy of the operations being conducted.

Consultants' assistance

The specialists helped Kirill gather all the necessary documents and submit an application for a license to open a business in the UAE. Thanks to their assistance, a rental contract was signed, which is mandatory when a local company is registered in the UAE.

The process of opening mainland companies

Opening mainland companies is becoming more and more accessible for experienced entrepreneurs, especially for those who already have legal structures abroad. for those who already have legal structures abroad.

The need to demonstrate "substance"

One of the distinctive features of company registration in the UAE is the requirement to demonstrate "substance" - the actual economic presence of the company in the country.

Differences between free zones

Opening a company in freezone avoids the need to demonstrate "substance", which makes the process simpler and faster.

Foreign owners of companies

Since 2021, foreigners are allowed to own 100% of local companies in Dubai. There is no corporate tax, but licenses must be renewed annually for a fee.

The tax system in the UAE

The value-added tax (VAT) in the country is 5%. In 2023, the introduction of a corporate income tax is planned, which will be the first case in the country's history.

Company cooperation

Companies registered in the UAE have the opportunity to collaborate with counterparties from around the world, including mainland companies from the UAE, free zone residents, and foreign companies.

Bank accounts and company registration

For owners of mainland companies, it is easier to open a bank account at a local bank in Dubai. Local banks prefer to work with local companies and thoroughly check the company's activities.

Choosing a company registration

The choice between local or freezone incorporation depends on the entrepreneur's objectives. Establishing a company in Freeson is preferable when seeking to obtain a resident visa.

Conclusion

As we conclude our collaboration with Kirill, I am pleased to note the successful outcome of the project for selecting investment real estate in Dubai. For him, this has not only been a strategic investment but also a significant step towards a new life in the UAE.

Kirill approached the selection of a property very carefully, opting for promising areas with developed infrastructure and quality projects from reputable developers. We successfully found a suitable option for him that fully meets his requirements and expectations for future living and investments in Dubai.

This project is not just about economic gain, but also about the opportunity for comfortable living in beautiful and functionally designed housing. I am confident that Kirill's decision to register a company and open accounts in Dubai will open up new business opportunities for him, supporting his desire to invest where he wants to live himself.