There are no such things as taxes payable on income or property transactions in Dubai, and because the popularity of the emirate with hundreds of multinational corporations has created thousands of jobs in Dubai, everyone wants a piece of the property market.
But because demand is so intense and property prices have been shooting sky high, it is still possible to profit from real estate in Dubai. To get more information search for premium real estate properties by nakheel property via manzili.ae.
Well, you've got to know the market to know which developments are in demand from which people, and which people are willing and able to pay top dollar for rental and resale property in Dubai – then you just have to target your property purchase to meet the requirements of your market.
First things first it's important to know that those buying apartments off-plan in Dubai right now will have to wait for up to three years to see their properties completed. This means that those who have jobs in Dubai and want to relocate to the emirate right now will have to find completed accommodation to rent out.
The demand for completed apartments close to Dubai's main employment sectors such as Dubai Media City is so intense that annual rental rate increases have been capped by the government who were afraid the increasing prices being demanded would create an unaffordable marketplace.