WHAT'S DUBAI REALLY LIKE?
Dubai is a liberal, pro-Western Gulf state which is fast becoming a playground for the rich and famous and a major financial services centre. Dubai has a rich trading heritage and is the commercial hub of the Middle East . The lifestyle in Dubai is truly fabulous. World class resorts, beaches and sporting facilities (including golf, tennis, horse racing and water sports)
WHAT IS DIFFERENT ABOUT DUBAI ?
Dubai is not a part of any information exchange agreement (such as the EU Savings Tax Directive) and therefore information on bank accounts in Dubai remains strictly private. Remember, Dubai has NO TAXES on incomes, profits, capital gains, inheritances, dividends or wealth. There are no withholding taxes as well.
IS THE DIRHAM CURRENCY FAVOURABLE?
Since the Dirham is pegged to the US Dollar, the $ can buy more real estate here than elsewhere in the world. Likewise, the recent strength of the Euro Vs the $ means by investing now, a 10 to 15% ready equity is automatically gained!
WHY IS THERE SO LITTLE ‘RED TAPE' WHEN BUYING PROPERTY IN DUBAI ?
For the same reasons as above. Dubai is all about trading and the country wants your business! When you buy a property in Dubai you sign a contract with the developer and this is your binding documentation. There are no solicitor's fees. No stamp duty and certainly no tax. You can then apply for a residency visa which means you can open a bank account and ultimately trade there tax free!
DO I HAVE TO COME TO DUBAI TO BUY PROPERTY?
Although it would be a pleasure to serve you personally, modern ways of doing business allow you to purchase property without leaving your home town. Your bank can wire us the money and we can courier you the agreements. Its as simple as that!
HOW CAN I TRUST THE DEVELOPER?
There are not too many developers as they have to undergo a strict ‘qualifying process'. Each of them is overseen by the government and secured by 20% of project costs as bank guarantees, therefore do not have risks attached. Besides this, Salya is a UK developer with a track record that is tried and trusted in 14 cities within the UK .
WHAT BUILDING QUALITY STANDARDS CAN I EXPECT?
Developers in Dubai are subject to very stringent building regulations. Giovanni Boutique Suites is designed to adhere to strict British Standards.
CAN I EXPECT GOOD RENTAL INCOME?
Dubai Sports city is really a ‘city within a city'. Apart from the stadiums, which would host local, regional and international events almost everyday, the area would have world class sports academies, malls, schools, hotels….all of these points to a ‘ready rental market'. We would also target the holiday rental market.
