It is very difficult to find a person who would not dream to have a house in a place, where it's always warm and sunny. Nowadays people from different parts of the world strive to make this dreams reality. Indeed, why postpone the fulfillment of desires when you can buy real estate in the UAE - where it is always a summer...Especially because in the Emirates, one of the richest regions in the world, there are almost no restrictions for foreign buyers.
Today’s leaders in many economic indexes are exactly the Emirates. It is not surprising that these countries are so popular among both buyers of holiday or second homes and investors searching for new projects in Dubai, Abu Dhabi, Ajman, Ras Al Khaimah or Sharjah. One of the most popular destinations is of course Dubai. The typical property types in the subcommunities of the city along with the apartments and villas are the townhouses, the penthouses and the compounds in Downtown Dubai, Mirdif, and Al Barsha etc. And if byers find in the Emirates not only all the conditions for more than a comfortable stay and civilized life, the local market for contractors is a proven investment tool that brings high extra or steady income.
Those who plan to buy a second home in the UAE will be able to choose from thousands of high-quality housing proposals in any region of the country. They will also be able to purchase not only already constructed sites, but also to take part in a joint construction. Buying an apartment or a condo in the UAE under construction is most preferred, as the cost of new projects increases with each completed stage of construction. Besides, payment for housing from the builder, as a rule, is in installments, which is also very convenient and much cheaper than bank loans.
Foreign property buyers in the UAE are free to enter into transactions in certain regions. In the Emirates, there are several types of home ownership. The first form - a "freehold" or unconditional right to ownership of real estate, followed by inheritance. The second type is the so called "leasehold" and the homebuyers acquire the right to rent a house for 99 years. Thus, they do not have inheritance rights, but receive the right to resell these objects.
