Dubai was the first emirate of the United Arab Emirates (UAE) to get involved in freehold real estate at a time when the buying and selling of property in Dubai was previously restricted to GCC Nationals. The creation of freehold property laws had now allowed expatriates to purchase properties within certain developments which have led to an influx of investment in Dubai. Moreover, it has propelled the growth rates of the entire country to extremely high levels.
The purchase of freehold property in Dubai means that the property is put in the owner's name for life in most cases, with a few developments offering 99-year leases as an alternative. Owners are issued with a contract for their purchased property and, as with buying property in any other country, it is important to read all the details as restrictions may exist concerning renting and maintenance costs. So it is recommended that any Dubai property investors use legal services when making such an important decision. The creation of this law has attracted many foreign investors all over the world. It feels great to have a property in foreign country on your own name. Moreover Dubai is famous for its spectacular architecture and lavish atmosphere. You can buy a freehold property and live in a lavish house at affordable prices.
If you are on a way of finding perfect Dubai property then Dubai Property Link Real Estate Brokers will provide all the information you need. Our company is one of the established property providers in Dubai and makes best deals for all our clients.
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