DOUBLER ESTATE

Can you purchase a estate without visiting Dubai? Absolutely. 80% of our customers make a choice and purchase online. Our team takes over the entire process — from the selection and registration to the management and resale of your estate. All you have to do is observe and make decisions without leaving your business. We strive to make your investment simple and profitable, no matter where you are.

The cost of apartments varies depending on the location, size and level of the residential complex.Here are examples of current offers in the Arjan area at the beginning of 2024: check prices:

• Studios from 120,000 USD, with an area of 40 m2.
• 1BR apartments from 200,000 USD, with an area of 60 m2.
• 2BR apartments from 272,000 USD, with an area of 120 m2.
• 3BR apartments from 455,000 USD, with an area of 160 m2.
• Townhouses from 476,000 USD, with an area of 190 m2.
• Villas from 476,500 USD, with an area of 160 m2.

The purchase of real estate in Dubai is possible using an interest-free installment plan when purchasing objects are under construction. The traditional scheme includes a 20% down payment, from 20% to 60% is paid during the construction of the facility, the remaining amount is at the completion of construction and the transfer of keys.

When buying a estate with the price starting from 205,000 USD, you have the opportunity to obtain a residence visa for a period from two to ten years.

A residence visa is available both for the purchase of a finished estate and an object under construction. The right of residence extends to the owner and his family.

Investments in Dubai real estate for the purpose of subsequent rental can provide returns from 5% to 10%. The location and size of the apartment affect the rental price.

The types of rentals:

• Short-term: Suitable for tourists and involves daily payment. For example, studio rentals in the Arjan area start at 45 USD per day, seasonally adjusted.
• Medium-term: Assumes monthly accommodation.
• Long-term: A one-year contract, where the cost of an annual studio rental in the Arjan area starts from 10,000 USD.

Resale of real estate during the construction phase can bring income from 20% to 30%, however, it is important to comply with the terms of the developer. For example, for projects from Emaar Properties, resale is allowed after paying 40% of the value of the object. Before buying, it is recommended to study in detail all the conditions and requirements of the developer.

One of the key advantages of Dubai as an investment location is the absence of annual taxes on real estate, rent and sale. However, there are the following fixed fees when buying:

• Estate transfer tax: Varies from 2% to 4%, depending on the emirate.
• Registration fee: Depends on the value of the estate and starts from 550 USD.
• Fee for the issuance of a certificate of ownership: A fixed rate of 70 USD.Utility and estate maintenance costs

Housing and communal services: Monthly costs range from 150 to 300 USD, depending on the size and type of facility.

• Connection of utilities: To connect water and electricity, you must pay a connection fee and a deposit totaling 340 USD to the Dubai Electricity and Water Supply Authority (DEWA).
• Annual maintenance: Includes concierge services, security, cleaning of common areas and infrastructure support. The cost of maintenance starts from 40 to 100 USD per square meter per year.

Living in Dubai requires financial expenses commensurate with the quality of services provided and the standard of living. The estimated monthly expenses per person, excluding rent, are about 1000 USD.

• Utility costs: The average monthly cost of utilities, including electricity, water, air cooling and Internet, is approximately USD 350.
• Restaurant bill: The cost of lunch in a restaurant for two people varies from 80 to 150 USD, depending on its category and location.

Educational standards in the country correspond to international levels, providing graduates with opportunities for further study abroad.

Local universities actively cooperate with leading educational institutions in the United States and Europe, implementing joint programs and exchanges, which contributes to the integration of the UAE education system in the world.

Dubai’s healthcare stands out for its high quality and accessibility, earning recognition as one of the best systems internationally. The Government is actively investing in the development of medical services and infrastructure, providing a high level of service.

Dubai has an extensive network of public and private medical institutions. All medical staff speak English, which makes treatment accessible to foreigners.

However, it is worth considering that medical services can be expensive for those who do not have insurance. Foreigners have the opportunity to receive a national health card that provides up to 50% discount on medical services.

Renting a car in Dubai since 2018 has become a process that does not cause difficulties. To rent a vehicle, it is enough to present a driver’s license and a foreign passport.

To buy a car and officially use it on the territory of the Emirates, you will need:

• Obtaining the status of a resident of the UAE.
• Taking a driving training course and obtaining a local driver’s license.

After purchasing a car, it must be registered with the Roads & Transport Authority (RTA). This process can be performed independently or with the help of a car dealer. Car registration requires an annual update.