Investing In Free Hold Real Estate Properties In Dubai

Investing In Free Hold Real Estate Properties In Dubai

If you are a foreign national and considering purchasing property in Dubai, you don't have to worry as it is quite a natural process. Point to be noted here is that most of the real estate properties in Dubai are available pre-construction or off strategy.

More often, as property developers launch a project, there is an extensive collection of activity amongst investors. Before you purchase Dubai real estate, first and foremost identify a Freehold zone that appeals to you. It Has Business facilities, Sports City, Marina Environment or man made islands such as The Palms. Always buy real estate from a reputed property developers such as Emaar, Nakheel and Damac Properties as they are a trusted name in property business. If specialists are to be considered, Dubai freehold investment land can prove to be advantageous for investors even before its completion. It has been noticed that investors have sold their home following a year or so making great capital gains. This trend is fading away, but it may still be a chance, given that the free hold land you've chosen for is of top quality and situated at a prime site. Unlike lots of foreign markets, freehold property in Dubai is not bought with mortgage finance. This, in turn, gives Dubai real estate market a big amount of resilience.

Real estate developers in Dubai do not begin until the components are sold, and then they ask for a 60 to 75 percent deposit. In some cases, foreign investors are confused with the concept of owning freehold property in Dubai. Five years back, the Crown Prince of Dubai and UAE Defence Minister, declared that 100 percent freehold possession of several properties in Dubai was available to all overseas nationals.

But the key question is: What is freehold ownership? Bear in mind that the government has contributed few property developers the authority to sell freehold property. Taking this into account, the investor needs to know who the property agent is before investing the money.

Talking about freehold, investor enjoys the full right of private property ownership. It includes complete title of their property and land. After obtaining approval from the three master real estate developers, namely, Emaar, Al Nakheel, and Dubai Properties, foreign nationals get the right to lease or purchase the land in Dubai.

A no-objection letter from the real estate developer is significant if the aliens wish to enroll the property in their title.