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It is everyone’s dream to have a house in Dubai. Two-bedroom flats offer a perfect balance of productivity and relaxation for individuals who want to have their humble abode. Here we will discuss all the things you need to know when buying two-bedroom apartments in Dubai.
Here is a list of the most critical reasons why you should purchase two-bedroom apartments in Dubai:
Individuals from all around the world visit Dubai for various purposes such as studies, leisure and work. Investing in Dubai’s real estate market assures a high amount of rental yield due to its steady inflow of expatriates from all around the world.
If you invest in a two-bedroom apartment in Dubai, you do not have to pay any kind of property tax, income tax, capital gains tax, rental revenue tax, or value-added tax.
According to the UAE government, if you invest, work, study, reside or start your own business in the country, you will receive a long-term residential permit or Golden Visa. As per the new norms, you just need to invest AED 2 million in UAE to get the Golden Visa.
If you keep all the above factors in mind, before purchasing an apartment in Dubai, you will be able to deduct that it will provide a high return on investment.
Here are the most important factors to consider before choosing a two-bedroom apartment in Dubai:
Before you purchase a two-bedroom apartment in Dubai, you should take the size of your family into account and if the property will be large enough to meet your needs.
It is the main factor on which the price of the apartment depends. Many areas in Dubai offer best-in-class facilities such as world-class schools, restaurants, cafes, cultural attractions, and nightlife destinations.
Before you purchase a two-bedroom apartment in Dubai, examine all the facilities available in the community. It can be a significant factor that helps to decide the apartment you want to buy.
All of the abovementioned factors determine the price of the property. Hire a real estate agent to get a proper assessment of your property. According to the regulations of the Dubai government, it is mandatory to hire an agent to buy a property.
Before purchasing a two-bedroom apartment in Dubai, you need to weigh in all the advantages and disadvantages of each property carefully and ensure that the property’s worth will be consistent throughout time.
If you buy a two-bedroom apartment in Dubai, you will be able to use it for your residency purposes or rent it. It will also give you a high ROI when you sell it in the future.
According to the new regulation of the UAE government, opposite-sex individuals despite their marital status can live in the same apartment in Dubai.
The average cost of buying a two-bedroom apartment in Dubai is 1.5 to 3 Million AED depending on the location, size and other factors.
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