Is Dubai an ideal city to call home?

Dubai is home to some of the most spectacular vistas on earth. When relocating and searching for apartments for sale in Dubai, there is something to appreciate for everyone. The largest mall in the world, the tallest building, and the first-ever museum of the future are all available to those relocating to the city.

If you want year-round sunlight, live in a safe city, and have a work-hard, play-hard mentality, Dubai is surely a great place for you. Prior to the US, UK, Hong Kong, and Australia, the UAE was listed by HSBC as one of the best places in the world to live and work. To further their jobs and increase their income, many people move to metropolitan regions. In 2016, foreigners made up approximately 85% of Dubai's population.

You may also be sure to keep your family close when you relocate here thanks to the introduction of the Golden Visa, a five-year multiple-entry tourist visa for the UAE. With so many flats for sale, you can pick the best apartments for sale in Dubai with enough space to accommodate the entire family!

Types of apartments for sale in Dubai

There are several alternatives to think of when it comes to the inventory of buy Dubai apartments for sale. Investors have more alternatives when it comes to homes available for sale, including duplexes, lofts, and penthouse flats, whereas renters often pick from frequently available properties.

Investors might opt to look at off-plan apartments for sale in Dubai even though these homes are completely ready for occupants. Off-plan apartments are frequently sold by the developer directly, often on a payment schedule, before they are even constructed. The Dubai apartments for sale range in size from studios to five-bedroom homes, with costs ranging from AED 160k to AED 58M. In Dubai, the majority of flats have storage, a terrace or balcony, a laundry room, and a maid's room. Apartments complexes have features including communal gyms, swimming pools, children's play areas, and covered parking spots. Other features seen in opulent buildings include rooftop gardens, jogging trails, sports courts, event areas, and many more.

In addition to the standard single-floor apartment units, there are also luxury penthouses, hotel apartments for sale , and specialty duplex and triplex homes, which are spread over two and three stories of an apartment building. Versace, Fendi, and Armani Casa luxury furniture are also included in some of the furnished apartments for sale in Dubai.

Apartments for sale in Dubai's most popular areas

There is a mix of upscale and budget-friendly neighborhoods in some of Dubai's most sought-after buy apartments in Dubai. The Palm Jumeirah, Downtown Dubai, Dubai Marina, The World Islands, Jumeirah Bay Island, and Jumeirah Beach Residence, among other places, are places where you may find luxurious flats (JBR). Apartments for sale are available in Al Mamzar, Dubailand, International City, Liwan, and Town Square, all of which are within affordable housing markets.

Why buy apartments in Dubai?

Due to several new buildings, the flats or apartments available to buy in the Dubai real estate market are diverse. Apartments are a wise financial decision. They provide first-time investors with a reasonable starting point with low risks and fantastic investing options. Additionally, it enables cash-rich investors to buy several units, allowing them to diversify their holdings and spread their risk. Renting continues to be a popular alternative for purchasers, making buying-to-let a profitable investment.

Lofts, Studios, 1 BHK, 2 BHK, and more bedroom flats are just a few examples of the numerous luxurious penthouses and specialty duplex and triplex homes, some with private pools, available for sale in Dubai in addition to the standard single-floor apartments unit. You can choose affordable apartments for sale in Dubai with all facilities without much hassle at Yallah Property.

ROI for Dubai Apartments for Sale

For individuals who decide to invest in the emirate, Dubai is reputed to offer good rental yields. The locations with the best returns on investment include International City, Dubai Silicon Oasis (DSO), and Jumeirah Lake Towers (JLT). JLT has an ROI of 7.9%, DSO gives a rental return of 8.2%, and International City has an ROI of 9%. The apartments in Dubai up for sale in places like Downtown Dubai, Dubai Marina, and Palm Jumeirah all provide a respectable ROI of more than 5.4%. Owing to this the real estate market in UAE has performed it's very best in Q3 since 2014.

How to buy apartments in Dubai?

Finding your ideal home is the first step in the process of buying an apartment in Dubai. Yallah's filters make it easier to customize the selection to your needs. If you're an expat and wonder if you can buy apartments for sale in Dubai, all nationalities allow foreigners to do so in freehold neighborhoods. The next stage is for the buyer and seller to agree on the terms of the transaction through a Memorandum of Understanding (MOU), which is signed by both sides, once you have chosen apartments to invest in and spoken to the seller.

A deposit for the property is required when a buyer signs an MOU, and it is typically determined to be between 5% and 25% of the property's value. Following the developer's issuance of a No Objection Certificate (NOC), the Dubai Land Department (DLD) will transfer the title of the property. Reputable institutions must get engaged if an investor is thinking about obtaining a mortgage.

According to the Dubai Land Department's (DLD) regulations, the purchaser of every property, whether it is ready or off-the-plan, must pay a registration fee equal to 4% of the property's worth. Administrative costs, which can be up to AED 5,000, are in addition to the 4%. The agency commission is another expense associated with buy apartments for sale in Dubai. Typically, you'd also work with a broker or real estate agent, whose standard commission rate is 2% but which you might discuss with your agent. That cost will also be charged to those who utilize conveyancing services. It serves to certify the legitimacy of the title deed transfer's legal and financial procedures. Normally, this amounts to 1% of the value of the property. All of the aforementioned fees are subject to a 5% VAT charge as of the start of the VAT in 2018.