Monday, September 10, 2018
Good Time to Buy Real Estate in Dubai?

Dubai has some major renovation coming before welcoming visitor for the World Exposition in 2020, an event expected to bring 25 million visitors and a multitude of skilled professionals. The renovation will be known as Dubai Creek Harbour and will feature a high-end residential area, shopping mall, as well as the largest Chinatown and tallest structure in the world.

The political infrastructure has recently adapted to the growing city with 10-years visas for investors /science/medical/ and technical professionals and 100 percent ownership for foreignors in Dubai-based business. While Dubai has primarily been an investor market, a 10 year visas will hopefully convince people to settle down.

While this is a favorable plan, UAE law requires property investors and foreign workers to renew their residency visas every two years, which is a short time for anyone thinking about homeownership.

To read more about the Dubai’s real estate rise, click here

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Tiffany TorganTiffany Torgan
Tiffany Torgan has 25 plus years experience in the Real Estate Industry