#forigner

Dubai’s real estate market is attracting many ex-pats and foreign nationals who are willing to buy property in Dubai. Since 2002, the government of Dubai has made it easier for overseas buyers to invest in any kind of property.

People can invest money in freehold areas of leasehold areas easily. There’s an abundance of properties ranging from apartments, villas, townhouses, and commercial shops available for sale.

Like all other cities in the UAE, Dubai depends on its oil industry to earn revenue and follow a no-tax policy to attract investments from overseas buyers and renowned companies who can enrich their economy further.

The tax-free status of the Dubai property market has played a key role in attracting foreign investors. All the residential properties in Dubai are tax-free since the launch of a Value Added Tax in the UAE in 2018.

If you consider property tax rates in the world’s largest cities, you will notice that Dubai is one of the cheapest cities for real estate investments.

Compared to other cities, such as Chicago & California where property taxes are 10% of the total value to Sao Paulo where property taxes are as high as 30% of the total value, Dubai is the best playground for foreign buyers.

Another perk is that rental yields in Dubai are reaching as high as 8% which promises good returns on the purchased properties. In this article, we’re going to explain important details about the Dubai property market and how you can go ahead with property investment in Dubai if you are a foreign national. So, let’s read further to know.

What is the condition of the Dubai Property Market?

In the last few years, the Property Market in Dubai has witnessed a series of ups and downs, but now things are becoming good. The prices of properties are rising for the first time in 6 years as demand is increasing, said Morgan Stanley in his research note.

The demand for residential properties is picking up faster than expected and seeing a 1.2% rise in their value. This is because of government reforms in the last 12 months, attractive mortgage loans, and a shift in demand after COVID-19. The market is recovering from the effects of the pandemic and recovering. However, this will take at least 12- 24 months but people are already willing to opt for property investment.

Can Foreigners Purchase Property in Dubai?

Yes! After the changes made in property laws by the regulatory body in 2002, foreigners can buy, sell, or rent properties in Dubai taking no special permissions.

1) Planning - Dublin is a city of foreigners - Many people come here with € 3,000 - the minimun that the imigration ask for the one year student visa - and spend all money in the firsts three months in bear, pub and parties. Please the life here is not so easy, if you want know other places, or cities, or country, enjoy the pub and the tourist places here, plan this for don’t disappointed yourself.

2) Choose your school not your agency - I closed my school by myself and I think really the agencies don’t plus a lot just more money spent. I went to some agencies before but just to know better the opinions and my tip that helped me a lot is talk with students in the school that you want by Facebook for exemplo.

First time I left home to live abroad, I was only 19 years old. Many people do it younger, other do it when they are older and many others just never do it. 

There are a lot of things that you learn, appreciate and care about after leaving home for the first time and there are certainly many things that will become part of the new you. Because leaving home, family, friends, helps you become a new person, no matter what you do or how you are, you will never be the same after living abroad. Living in another country and getting out of your comfort zone is the best learning experience you could ever have, not only because all the opportunities you will have (either learning a language, traveling, getting to know another culture) but because of the wonderful people you will meet in the way. Paris, France is now my 4th home and my 3rd country to live in and yet, after all this time there are certain clues that shows that I have been and I am a Foreigner. I am sure that if you have ever been a foreigner, you will relate to this:

Clue #1: Time is relative Time is relative because after you have left home for the first time there will always be a new "count". Time becomes something like: 1 year after I left, 3 years after I came back, 10 years since I moved there for the first time...and so on. And every-time you move somewhere new or even if you just go back home, there will always be this count (until you get lost in time, lol)

Clue #2 You know at least one word in at least 5 different languages! When you live abroad and get to know people from all over the world, there is always one topic that comes up once in a while: Language! And everybody wants to learn at least one word in your friends language. Try yourself, you might know how to say "Hi", "I love you" or even a bad word in more than 5 different languages.

Clue #3: You are always asked "Where are you from?" It could be for your accent in the new language you are speaking, it could be for the way you look or because of what you say while you are speaking but no matter what, the question will always pop up "Where are you from?"

Clue # 4: Your News feed in Facebook has posts in many different languages. Yes, its funny when you go on Facebook and you have to click the "Translate button" (thanks God it exist!!!) to be able to read what your friends have posted in their walls. It happens because all of the wonderful friends from around the world that you have made while living abroad.

Clue # 5: You will always have "Foreign" visitors: Either if you are home after living in another country or actually still living abroad, you will always have foreign visitors. Friends and Family will travel to see you, and they will become Foreigners, everybody wants to meet them. If you are home, your foreign friends will come visit you and you will go out with your local friends and your foreign friend and of course, you will introduce them like this: "He/she is...from... who I met in..."

Clue # 6: In your birthday, you get calls, messages and Facebook posts for at least 36 hours: And this is not because your friends have forgotten. It is simply because having friends all around the world makes your Birthday longer, it starts maybe in Japan or Australia before is even your birthday in your local time, and it ends 12 or 18 hours after it has actually ended wherever you are but, you are still receiving congratulations. Not to mention in how many languages. =)

Clue # 7: You pack like a Pro: It might be true that your mom could pack better than you (they always do things better uh?) but, moving abroad and traveling makes you become a professional packer. You start the journey with maybe 2 suitcases and you might end up with 6 (even when leaving lots of your stuff behind) but, you manage to pack it all in record time (Yes because usually, that is left until the last minute, lol). And with this, you also learn to let go!

Clue # 8: You know a little bit of different cultures from first hand! It is amazing the amount of information you share with your friends from abroad. Things that you might not always talk about with your local friends, are talked in reunions with your international friends and there is always something new to learn. From the type of food they eat and why, religion, politics, the way they dress, school habits, business, transportation, etc. Its like traveling but from somebody's else mind.

Clue # 9: You are not afraid to talk to new people You have been new and you know what it feels so, whenever there is someone new in your circle of friends, you will start a conversation. But even in the street, you are not afraid to talk to others or help others if they are lost and looking for directions or if they need your help reading the train's map. By leaving abroad you learn to give!

Clue # 10: You are adaptable!!! Being adaptable is something you could be even if you have never left home. But if you have lived abroad, that term becomes even more extensive. You have adapted to a new language (in most cases), to new type of food, to new weather, to new ways of communicating and doing things. You have adapted to a new culture, to new friends, to sleeping in a chair after the party. You have adapted to eat whatever is given to you, to travel cheap, to do your own laundry and cook your meals. You have become much more tolerant. You have adapted and you have learned!

Travel, take that step. Travel different, you will never be the same!

Great song, i just have it on my mind and thought i would share.