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The Best Places to Buy Real Estate in UAE

Buying  Real Estate in the UAE is an amazing investment opportunity. The cost of living in Dubai is extremely low, and there is no shortage of places to choose from. Whether you are looking for a luxury home, an apartment, or a business space, there are options available to you. In fact, UAE real estate is among the fastest growing in the world.

Al Qasimia

Located in the emirate of Sharjah, Al Qasimia real estate offers a relaxed lifestyle for residents. The area is surrounded by several parks, entertainment spots and retail stores, making it an ideal location for families. It is also close to the waterfront community of Al Majaz.

Al Qasimia real estate is one of the most preferred areas for people who want to settle down in Sharjah. With a number of commercial and residential properties, it offers great value for money. In addition to its prime location, the district is also close to schools, supermarkets, and other amenities. The area has a variety of restaurants that reflect the diverse culture of the region.

The area is also close to Mega Mall Sharjah, which has 4 stories of shopping with a cinema. The nearest bus station is about 20 minutes away.

Dubai Marina

Located in the southern part of Dubai, the Dubai Marina is a residential and commercial area, which features a variety of apartment types and lifestyle options. It is home to a range of attractions including world-class hotels, shopping malls, parks and lakes, restaurants and bars, and recreational zones. The Dubai Marina is known for its high occupancy rates and a wide range of facilities and services.

The real estate market in Dubai has been on a steady rise in recent years. The property industry has seen massive investments from the Emirates authorities. The economy has grown steadily for the past few years, and the property business has benefitted from this growth. The Marina has become one of the most popular destinations for foreigners to buy properties in the UAE.

Tilal City

Developed by Tilal Properties, Tilal City is a new, mixed-use development in Sharjah. The project spans over 25 million square feet and will house 65,000 residents when completed.

Tilal City is designed to provide an elegant, healthy and comfortable living environment. The community features several communities, parks, and open spaces. It also has a 115,982-square-metre mall. Moreover, it offers a variety of residential plots in different sizes. There are also numerous amenities, such as schools, mosques, and community centers.

Tilal City’s masterplan divides the area into five zones. Each zone has its own unique features. For instance, in zone A, there are two types of plots: the G+4 villas and townhouses, and the G+4 apartments. The G+4 apartment buildings overlook the Tilal Mall.

Abu Dhabi

Buying real estate in Abu Dhabi is a smart move for property investors. Prices have fallen during the recent financial crisis, but are expected to stabilize. The UAE economy has benefited from large oil revenues. This provides good growth prospects for the emirate.

There is a growing demand for residential properties. Companies looking to rent them are on the hunt for good offers. However, the residential supply in the emirate is still tighter than in Dubai. This is expected to keep rental rates stable.

According to Colliers, there is a shortfall of 50,000 housing units. The pace of new construction is slower than the rate of people moving to the emirate.

The Abu Dhabi government is focusing on expanding the tourism and residential property sectors. It also has a massive infrastructure expansion plan. This is intended to bring more foreigners to the UAE.

Property Investor Residence Visa

Those who want to invest in real estate in UAE must apply for a Property Investor Residence Visa. This visa allows the foreigner to live and work in the country. The visa has a duration of three, five, or ten years and can be extended multiple times.

The applicant must buy a property in a freehold area designated by the UAE. A minimum mortgage amount of AED 750,000 must be obtained. The property must be habitable and ready for use. It must not be declared unsafe by authorities.

Applicants must also have a valid bank deposit. They must also have a property title deed. They can sponsor their spouse and children on a long-term visa. Moreover, it must not be under construction or disputed.

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