Dubai is an emirate and city offering a high standard of living and exceptional services. Its expat community is diverse and includes individuals from more than 200 nationalities, Brits included.
Dubai isn’t just a tourist destination. The Emirati culture welcomes individuals from all around the globe, and this is a location where you can really settle down, benefit as a real estate investor, or have a home as a digital nomad who works remotely.
Dubai is one of the best places for entrepreneurs and professionals because of its zero income-tax policy, so there’s no mystery surrounding why people flock to this exotic city. Whether you want to embrace Dubai living or invest in a Dubai-based holiday home, the purchasing process is relatively straightforward.
Compare lenders in Dubai with no complex documentation using our Finance Passport.
Dubai’s a top location for British property investors and digital nomads because of its:
Tax-Free Investment Advantages: As an investor, you’ll not face property taxes or taxes on rental property income, which puts you in a favourable position when aiming to make a profit and retain money in your account.
High Rental Yields: Dubai property owners can expect some of the highest rental yields in the world, giving them the chance to have a reliable, constant, and high income stream as an investor.
Golden Visa: Seeking to open the door to extended residency options in Dubai? You might qualify for a 10-year visa if you own a property in the city worth more than AED 2 million.
As soon as you find a property for sale in Dubai that really appeals to you, and you have a mortgage offer in place, you can make a competitive offer to the estate agent. At this stage, you will need to provide evidence of how you intend to finance the purchase, so provide a mortgage agreement from the lender.
That process gets the ball rolling, and if the seller accepts the offer, you will need to sign a Memorandum of Understanding (MOU) with the seller and a witness at the office of the Registration Trustee in the Dubai Land Department. A solicitor can support you during this process.
Once you’ve paid a deposit worth 10% of the sale price, and completed a No Objection Certificate, you can complete the transfer of the remaining balance and start your move from the UK.
Luxury and homely properties are available in Dubai, from modern penthouses to townhouses and villas in a range of communities. To get a step closer to owning a property like these, start with a local lender comparison with Upscore. We ensure all the local lender data available is current and correct.
When you are more prepared and have the most up-to-date potential lenders, you can start the house-hunting process for your dream home.
Input important details like your budget or proximity to schools to get a property match now.
