Invesca Real Estate- Buy Luxury Property in Dubai A Complete Guide.  

Dubai has emerged as a leading destination in the world in terms of luxurious living and property investment. Having a gorgeous skyline, the best in infrastructure and tax free atmosphere, purchasing luxury property in Dubai is not merely having a home, it is having a way of life.  

Dubai has inexhaustible opportunities whether you are a high-net-worth person and need to have an exclusive house or an investor willing to get a high ROI. In this guide, Invesca Real Estate describes all the details you need to know before you purchase a luxury property in Dubai, including best areas and legal procedures as well as investor prospects.  

Dubai Luxury Real Estate Investment Reason  

The Dubai real estate market is known to be stable, innovative and luxurious across the world. It is because this city is attracting investors and homeowners because of these reasons:  

1. 100% Foreign Ownership: The foreigners are free to purchase the freehold property in special zones.  

2. No Annual Property Tax: Privacy in ownership in form of annual property taxes.  

3. High ROI: The prime locations in Dubai have 6-10% rental yields, which are higher as compared to the rest of the world.  

4. Safe and transparent market: Dubai Land Department (DLD) governs all the market deals on the property.  

5. The Golden Visa Opportunity: Investors that purchase property in excess of AED 2 million have the opportunity to obtain long-term residency.  

Are Foreigners allowed to purchase property in Dubai?  

Foreigners are also allowed to purchase property in Dubai, yes, that is one of the key reasons why investors worldwide see the city as a hotspot. The UAE government has also permitted non-residents to have freehold property in designated areas referred to as the freehold areas since 2002.  

Foreign buyers can:  

• Buy apartments , villas or townhouses under freehold areas.  

• Store, sell, lease or rent their premises.  

• Protect property by registration with Dubai Land Department (DLD).  

• Paperwork needed by foreign Buyers.  

• Valid passport  

• Evidence of finances or bank statement.  

• Sale and Purchase Agreement (SPA).  

• Emirates ID (if resident)  

In the event of purchasing off-plan property, you should make sure that the developer is registered by the Real Estate Regulatory Authority (RERA).  

Best Places to purchase Luxury Property in Dubai  

With the case of luxury living, location is something. Dubai has got a broad selection of desirable locations that can be used in diverse lifestyles - either going the coastal tranquility route or the urban aspect. These are the most suitable areas to purchase property in Dubai as investment and luxury:  

🏝️ 1. Palm Jumeirah  

The largest residential development in the world with a brand of luxury, Palm Jumeirah has beachfront villas, sky-rise penthouses, and five stars. It is ideal to people that are privacy conscious, posh and have views of the sea.  

Popular projects:Atlantis The Royal Residences, The Palm Tower, and Six Senses Residences.  

🌆 2. Downtown Dubai  

Dubai Mall, Burj Khalifa, and Opera district are all located in the Downtown area, making it one of the locations where investors seek high ROI and cosmopolitan lifestyle.  

Ideal: Investors in luxury apartments that ensure a steady flow of rental.  

🌅 3. Dubai Marina  

Dubai Marina is a mixture of luxury and lifestyle. You can have a view of the water, lots of yachts, and fine dining at your doorsteps. It is among the most promising short-term rentals and demand by expats.  

Investment Advice: Buy those properties that have views of the marina or the sea as they will fetch more.  

🌴 4. Emirates Hills  

It is commonly known as the Beverly Hills of Dubai because it has gated community with ultra-luxury villas with greenery and golf courses. The ideal choice of families and high-end investors.  

Price scale: From AED 20 million to AED and more on customized villas.  

🏡 5. Jumeirah Golf Estates  

To the golf enthusiasts and those in need of tranquility, this place presents big villas, expansive scenery, and the communal intimacy. It is perfect in long term residential and posh family houses.  

Buy Luxury Property in Dubai Process  

This is how you may purchase your dream house in Dubai by Invesca Real Estate:  

1. Define Your Goals  

Choose to purchase property either as a home, rental income or as an investment.  

2. Choose the Right Area  

Invesca you will have our consultants who will help you in the best area depending on the budget, lifestyle and ROI you expect.  

3. Property Selection & Viewing  

We pre-screen good listings, set up personal appointments and bargain on your behalf.  

4. Make an Offer  

After finalizing the property, you enter into Memorandum of Understanding (MoU) and deposit 10% of the property.  

5. Transfer & Registration  

The transfer of the property is made official in the Dubai Land Department and the ownership is granted in your name.  

In the company of Invesca, the process is easy, transparent, and in full compliance with the UAE property laws.  

Trends in Dubai as a Luxury Property Investment  

Areas with high ROI Dubai Marina, Business bay and Jumeirah Village circle remains a good rental choice.  

1. Increasing Demand: Due to the Dubai Golden Visa and the confidence of the international investors, the luxury properties sales have already increased by more than 30 percent annually.  

2. Off-Plan Projects: Developers such as Emaar, DAMAC, and Sobha Realty are coming up with high-end off-plan projects with flexible payment arrangements.  

Buying advice to luxury property in Dubai  

Collaborate with the registered agents by RERA - Invesca will make sure that every deal is justified and legally insured.  

1. A visit to the property- Check on the view, finishing and the reputation of the developer.  

2. Check payment schemes - in Off-plan projects, interest-free payments in form of instalments may be provided.  

3. Take into account resale value- Premium real estate such as Palm Jumeirah or Downtown appreciates well.  

4. Know ownership costs- There are transfer fees (4%), agency fees (2%), and DLD registration fees.  

    

Reasons to select Invesca Real Estate  

Invesca Real Estate is the company that is focused on matching the investors and homeowners with the best luxury properties in Dubai. Our team provides:  

1. Professional advice to foreign investors.  

2. Premium apartments and villas listing only.  

3. Complete legal and paperwork support.  

4. Complete support to the end - selection to handover.  

We aim at assisting you to make informed, profitable and safe choices on real estate investments in one of the most lucrative markets in the world.  

Conclusion  

Purchasing real estate in Dubai is not only investing in real estate but also a passport to a new realm of luxury, comfort and a new world of opportunity. Whether you are enquiring about the possibility of a foreigner to buy property in Dubai or simply searching the best place to buy property in Dubai, Invesca Real Estate will offer you assistance in each of the steps in a personalized way.  

Today make a move with a reliable partner who has insider knowledge of the Dubai real estate environment.  

👉 Visit Invesca Real Estate to visit exclusive luxury properties and make your Dubai investment dream come true.