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Downtown Dubai

Has a metropolis, Dubai consists of several districts each of which is oriented towards something. Downtown Dubai serves not only as a business centre due to the global companies offices situated there but also as a touristic centre with main landmarks such as Burj Khalifa and Dubai Mall.

In 1997 Dubai government allotted a land plot of 2 500 sqm for the construction of residential + retail complexes under the guidance of the largest UAE’s developer Emaar Properties.

This district has a rectangle shape with Sheikh Zayed Road situated along. Al Wasl, Business Bay, Zabeel and Trade Centre districts are situated nearby. The road to International Dubai Airport would take approximately 15 minutes via Sheikh Zayed Road or via Al Khail Road on public transport.

Downtown Dubai is the centre of the city with extensive infrastructure. Besides huge number of boutiques, beauty salons, restaurants and entertainment centres for the tourists there are also medical centres, kindergartens, schools, banks and supermarkets situated in the walking distance.

The nearest beaches to the district are Jumeirah Beach and free public Open Beach. They can be reached in 15-20 minutes by car or in 50 minutes by public transport.

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Home Buying Cheat Sheet

Our Home Buying Cheat Sheet is designed to help you navigate the complexities of purchasing a home with ease. Whether you’re a first-time buyer or seasoned in real estate, this guide provides essential tips and insights to streamline your experience.

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FAQ

Foreigners can buy property in Dubai and are eligible to apply for a mortgage from both national and private banks. The criteria and terms for loans vary by bank, based on factors such as income and residency.

Investing in Dubai is beneficial due to the absence of property taxes, a growing population, favorable visa policies, strong rental yields, and competitive property prices.

Foreigners are allowed to own 100% of the property in designated “freehold” areas in Dubai, as per the government’s policy.

When compared to many other cities globally, Dubai offers relatively affordable real estate prices per square foot, making it an attractive location for personal property investments.

Foreign investors can obtain a UAE residency visa for ten years by purchasing real estate worth at least AED 2,000,000 in the Freehold Zones, where foreigners are allowed to buy property.

As a property owner in Dubai, you can apply for a renewable 2-year residence visa, provided you maintain ownership and visit Dubai at least once every 180 days.

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