Luscious greenery and the chance to play golf in your spare time are some of the obvious benefits of living near professional golf courses in Dubai. What other advantages can you expect from such a location?
In addition to direct access to golf courses, an impressive range of other leisure and entertainment amenities is offered to residents who live within a golf complex. Take for instance, DAMAC Hills, where there is a 4-million acre park, tennis courts, a skate park, and a stable, among other leisure facilities. As a result, residents have a chance to get together and connect and build a real community. This is a valuable asset in a city with a constant flow of new arrivals.
Such properties are sound investments. Due to the scenic view and exceptional infrastructure, the perceived value of real estate within golf communities is higher.
According to market analysis conducted by KPMG International Limited, the proximity of a golf course means that adjacent properties cost up to 20% more than similar properties without a golf course. As a result, such real estate yields can gain impressive long-term returns.
Nimrah Rao
Nimrah Rao
Nimrah Rao
Nimrah Rao
Nimrah Rao
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.
