As one of the fastest-growing cities in the world, Dubai has become a popular destination for people from all over the world to move to. If you are looking to buy a villa for sale in Dubai to bring your family up and move permanently, you should know what would fit your requirements the best.
Some of the reasons why more and more people are moving to Dubai and buying villas and apartments in the city are:
- Great weather: Dubai is a renowned city known for its abundant sunshine throughout the year. With a climate that is characterized by two distinct seasons – winter and summer – visitors to this cosmopolitan city can enjoy a warm and sunny climate no matter what time of year they choose to visit. The city experiences minimal rainfall and high levels of humidity, particularly during the summer months. Despite this, visitors can still enjoy a plethora of outdoor activities, such as beach days, desert safaris, and water sports, thanks to the city’s pleasant weather.
- Tax-free income: The city’s tax-free status is a major drawcard for those seeking to work and live in Dubai. The idea of earning income without paying personal taxes is tempting for many people, and Dubai’s favorable tax policies make this a reality for expats who call the city home. Dubai’s tax-free lifestyle has also contributed to the city’s thriving business landscape.
The lack of personal income tax has made it an attractive destination for entrepreneurs and business owners looking to establish or expand their regional operations. This has resulted in a highly diverse and dynamic business community that has helped drive the city’s economic growth and development.
- High standard of living: Dubai has firmly established itself as one of the world’s most opulent and extravagant cities, consistently featuring on lists of the most luxurious destinations. The city’s reputation for glitz and glam is unparalleled, and it is renowned for its lavish lifestyle unmatched by any other destination on the planet.
However, Dubai’s allure extends beyond its luxurious reputation. It is a destination that embodies the very essence of the lifestyle that is associated with wealth and prosperity.z
- Safety: Dubai’s emphasis on safety has made it an ideal destination for families looking to settle down and raise their children in a secure environment. Parents can rest easy knowing that their children can enjoy the city’s many amenities and attractions without being exposed to any significant risks.
The city boasts of an impressively low crime rate, with instances of violent crimes being practically non-existent. In fact, Dubai is regarded as one of the safest cities in the world to reside in.
The property purchase process in Dubai
If you have already decided to buy a villa for sale in Dubai, you should do it correctly so that you don’t end up losing your money. First thing first, you should find a real estate agency that is trustworthy and have good client reviews.
The buying process itself is relatively straightforward. Once the buyer and seller agree on the terms of the sale, they sign an Agreement for Sale or a Memorandum of Understanding (MoU).
The seller then settles any outstanding fees to the developer, such as service charges and permissions to sell the property, against a one-time fee.
For off-plan purchases, the buyer signs a Sale and Purchase Agreement (SPA) that outlines the expected completion date of the property. The Oqood fee is typically 4 per cent of the purchase price. When the property is ready, the Oqood transforms into a title deed registered under the name of the new owner.
Dubai is a lifestyle destination that embodies the very definition of luxury. While its reputation for glitz and glam may precede it, the city offers a unique combination of lavishness, hospitality, and innovation that sets it apart from other destinations. Dubai truly redefines what it means to live a life of luxury.
About Fäm Properties
Fäm Properties is a prominent real estate firm in Dubai that provides an extensive selection of exceptional properties in prime locations like Palm Jumeirah, Dubai Hills, and Emirates Hills. Moreover, Fäm Properties leverages advanced technology to offer virtual tours and secure payment systems, ensuring a safe and convenient buying experience. If you want to learn more about city walk apartments for rent, click here.