For all first-time buyers considering an investment in real estate – read these useful tips for a beginner’s guide to investment Thinking about taking the leap and becoming a homeowner? Or perhaps you are looking at it as an investment. But knowing when to invest in real estate is just as important as knowing what sort of real estate you want to invest in. We
Ras Al Khaimah (RAK) is the largest city and capital of the Emirate of Ras Al Khaimah, United Arab Emirates. Ras Al Khaimah City was once known in history as Julfar and is said to have been one of the oldest settlements in the UAE. According to the ruler of Sharjah, Sultan bin Muhammad Al-Qasimi, the city was founded by Armenians who escaped the Mongol invasion. The city is home
Since short-term rentals in Dubai are typically sought after by tourists and business travelers, such properties are typically found in centrally-located areas, which are close to the city’s landmarks as well as leisure and commercial hubs. Most of the apartments for short-term rent in Dubai are typically located in popular areas. For instance, there are many options for short-term rentals in Dubai Marina, Jumeirah
Before entering a short-term rental contract in Dubai, there are certain points that tenants or guests should be aware of: The rental price advertised for short-term apartments and villas typically does not include additional charges such as VAT, Tourism Dirham, and refundable deposits. On the other hand, the rental price does include utilities such as the internet, water, and electricity, and can include other
Once the short-term rental permit in Dubai has been issued by the DTCM, homeowners can start advertising their property, which allows guests to filter between properties available for daily, weekly, and monthly rental. Bear in mind that the entire unit must be rented out to the tenant, and the homeowner cannot occupy part of the property at the same time. According to the DTCM,
For individual operators, such as homeowners or tenants, the first step is to register themselves on the DTCM website. They can do so through the Holiday Homes section of the DTCM website, and register as a ‘Homeowner’. To register on the DTCM website, individual operators will need to upload copies of their Emirates ID or passport and fill out the required information. The registration fee as an
Unlike long-term rentals, short-term rental contracts do not have to be registered in the Ejari system. Instead, short-term rentals are regulated by Dubai Tourism and Commerce Marketing (DTCM). Thus, properties that are to be rented out on a short-term basis require a permit from the DTCM before being leased to tenants. Homeowners in Dubai, who want a permit for a short-term rental property, can either register
Both landlords and tenants enjoy certain benefits when it comes to short-term rental contracts in Dubai. With short-term rent in Dubai, landlords have the flexibility to lease their property for the duration that they would like. Moreover, landlords can also increase their rental returns with short-term rental properties, by giving them the ability to adjust the price depending on the time of the year
More and more homeowners are choosing to rent their property on a short-term basis instead of the usual, annual lease. Short-term rental contracts in Dubai have many benefits for owners, providing more flexibility and the opportunity to increase their returns. Before you a quick guide to leasing properties on a short-term basis in Dubai. Discover more about the necessary permits, how to go about
Buying an off plan property in Dubai comes with immense benefits, but not all types of property can give you the leverage as buying an off-plan or under construction property. First of all an off-plan property will allow you to breathe a sigh of relief because investing in under construction property will protect you from shambling with the burden of home loans or mortgage.
The Guide to Dubai’s neighborhoods Choosing the best places to invest in property in Dubai is one of the primary factors of real estate investment to get a high return on investment in the UAE. Dubai is one of the top Emirates for real estate investment in the UAE. Property investment is a known long-term investment in Dubai. The most populated state of UAE
Dubai is a paradise for foreigners looking for a luxurious lifestyle in a modern, well-developed city-state. Not only do professionals move here for a career boost, but it can also be a fantastic destination for families, too, with a range of activities for all interests and ages. If you’re planning on staying in Dubai for the longer term, you might be tempted to buy
Dubai can be easily be classified as the ideal place for real estate investment – for professional investors as well as for end consumers. When speaking about taxation on profits from real estate in Dubai – there is no tax on properties payable by the investor– neither from the income received from the sale nor from the rental income. The yearly fixed tax on
Accurate knowledge of the true costs associated with a home purchase, beyond simply the monthly loan payment, is vital information for buyers to have ahead of time in order to make an informed financial decision. There are multiple charges levied by government agencies such as the Dubai Land Department (DLD), real estate agents or developers, mortgage lenders and conveyancers. These are outlined below. Government
From a fishing village to Modern-Day Metropolis. Early Minoan period (3000 BCE to 5th century CE) Dubai’s roots reach all the way back to the early Minoan period. The site where Dubai now lies used to be a vast mangrove swamp. By 3000BCE that swamp had dried up and become inhabitable. It is believed that Bronze Age nomadic cattle herders were the first to
Did you know by legally subletting your apartment using Dubai short term rental process, you can increase your rental income by 158%? For all those people who have been thinking about subletting their property in Dubai as holiday homes, there is good news. According to new regulations passed by Dubai government, the process of subletting a property on short term basis or as a
Over the past few years Dubai’s economy has grown exponentially in every field. The city has taken advantage of its diversity, contrasts, and geographical location. Having a remarkable evolution over the years, today the city is not just an international business destination but is also known as a cosmopolitan destination for shopping and entertainment. The country is appealing to foreign investors because it provides
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