Exchange Rate CVE: Tue, 3 Oct.
The United Arab Emirates consists of 7 emirates. The purchase of real estate by foreigners in full ownership (freehold) is allowed only in certain areas of the Arab Emirates. Residential real estate and land plots in other areas are available only in leasehold – long-term lease (10-99 years). The largest selection, but at the same time the highest prices are noted in the Dubai market. Here, real estate is available in 23 districts and 45 land plots.
The sale of real estate in Dubai amazes the imagination with its grandiose scale. Fantastic projects are being implemented here, including the tallest buildings, the most original architecture and the richest infrastructure.
Real estate in Dubai includes both fabulously expensive projects, for example, the famous Burj Khalifa Tower, and more affordable complexes with high quality housing. Real estate is chosen both for permanent or temporary residence, and as an investment object.
Today, every developer, due to the increased demand for real estate in Dubai, is in a hurry to present new property project to potential buyers and investors. At the same time, almost every project has every chance to win the title of the new pearl of the premium housing segment.
Investing in real estate in Dubai
UAE, is a profitable and status solution. Every 10 years, the population of the largest city in the UAE doubles. In 2010, 1.5 million people lived here, and in 2020, the number of residents increased to 3.1 million. By 2030, the population is expected to grow to 6.4 million. Many businessmen, engineers and skilled workers are moving to this country.
In Dubai, strict law is observed, and illegal actions of immigrants will be followed by deportation. Newcomers are interested in staying in a prosperous country with high wages, so there is a record low crime rate.
With the growth of the population, the demand for renting and selling real estate is also growing. Some investors prefer to buy several apartments and rent them out, while others buy apartments in houses still under construction and resell them at higher prices after the completion of work.
Advantages of buying a property in Dubai
- Low fees and duties: no real estate tax and tax on rental income;
- VAT rate is only 5%.
- High profitability: the average rental profit is more than 5%, and can reach 7%.
- Obtaining a residence permit: buying an accommodation in the amount of $ 270,000 or more allows you to obtain a resident visa.
- Affordable real estate: real estate prices in Dubai in rubles for 2023 make the purchase especially profitable.
- A developed state: UAE offers a high-tech environment, a modern level of comfort and security.
- Access to world-class education and medicine.
Use reliable sources of information about Dubai real estate. Only with an expert you can find a large selection of housing from developers and real estate agencies in Dubai. Experts can help you realize your dream of moving or becoming a successful investor!
Cape Verde, officially known as the Republic of Cabo Verde, is an island nation located off the northwest coast of Africa in the central Atlantic Ocean. It consists of a group of ten volcanic islands and is often referred to as an archipelago. The capital city is Praia, which is situated on the largest island,…
Sometimes resting constantly in one state, for example, Cape Verde, it is worth taking a break and flying to other islands away, for example, take Caribbean dream holidays. As a rule, we prepare for any long-distance trip for a long time: we read reviews on the Internet in order not to get into unpleasant situations. Today we have collected the most common misconceptions of travelers from different countries about vacationing in the Caribbean. All islands in the Caribbean are exactly the same Of course, from afar, the paradise really looks almost the same: white sand, palm trees, sun, mango juice, […]
Where is Cape Verde’s Boa Vista Island? Boa Vista, the third-largest island in Cape Verde, is an idyllic destination for beach and water enthusiasts. Surrounded by lunar-like volcanic landscapes and sand dunes, Boa Vista boasts 55 km of white beaches surrounded by emerald green water. Where to Stay on Boa Vista Sal Rei, the capital of Boa Vista, is a picturesque colonial town that houses both the international airport and old port. Along its cobbled streets you’ll find various cafes, restaurants and bars set amidst vibrant buildings inspired by Cape Verdean architecture. What to Eat in Boa Vista Boa Vista’s […]
What is the weather like in Cape Verde? Cape Verde is a tropical island paradise, featuring long, hot days and turquoise seas. It’s an attractive holiday destination due to its comfortably high temperatures and low humidity levels. Plus, during February to June there is usually dry weather – making for perfect beach holidays! Spring is the sunniest time of year to visit Cape Verde, boasting average daily sunshine hours of 8 and dry conditions. Rainfall remains low at around 3mm in May and 5mm in June but that doesn’t stop you from enjoying the stunning beaches or sea which remain […]
What are the names of the Cape Verde Islands? Officially known as Republic of Cabo Verde, these Caribbean islands lie off the west coast of Africa in the Atlantic Ocean. Portuguese explorers first settled here in 1462 and established settlements, eventually serving as a center for slave trade and coaling/re-supply points for whaling ships and transatlantic shipping lanes. The region became an important center for whaling activities until 1885 when British naval forces arrived and colonized it permanently. Santiago Island, home to Praia, the country’s capital city, is the largest of the Cape Verdean islands and a UNESCO World Heritage […]
When was Cape Verde discovered? The archipelago had not been inhabited until 1456 when three Portuguese navigators arrived and described it as being uninhabited and “void of people”. Alvise Cadamosto, Antoniotto Usodimare (a Venetian captain), and Diogo Gomes were sent there by Henry the Navigator in an effort to open up new trade routes between West Africa and India. After six years, they founded Ribeira Grande on Sao Tiago in 1462 – the first European settlement in the tropics. Five years later (1586), Portugal united all of the islands and Cape Verde became a crown colony of Portugal. Cape Verdean […]
What is Cape Verde? The Cape Verde archipelago consists of ten volcanic islands located 600 to 850 kilometers (350 to 460 miles) west of Africa, stretching between 600 and 850 kilometers in length. It was discovered and colonized by Portuguese in 1462, making it the first European settlement in this tropical region. As an important hub for Atlantic slave trade, its economy suffered during periods of economic decline. What is the weather like in Cape Verde? Cape Verde enjoys warm and dry temperatures all year round. Unlike Europe and America, there aren’t many seasonal differences here. That makes Cape Verde […]
What nationality is Cape Verde? Cape Verde is an archipelago located in the Atlantic Ocean, approximately 500km (310 mi) off Africa’s western shoreline. It is a member of the African Union and operates as a parliamentary representative democratic republic modeled on Portugal. Cape Verdeans are largely descendants of the first inhabitants of the archipelago in 15th century: Portuguese colonists, West African slaves and some Italian traders. As a majority, they identify as Roman Catholic, reflecting Portugal’s legacy on the islands. Cape Verdean diaspora communities exist around the world, particularly in the United States and Portugal. Their money transfers provide much-needed […]