#properties for sale in UAE

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Buy 5 Bedrooom Villa by Arada in Dubai

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The Impact of Location on Property Prices

When it comes to buying a home, one of the most critical factors to consider is the location. The location of a property can have a significant impact on its price, and it plays a crucial role in determining the value of houses for sale. So, if you're in the market for properties for sale in the UAE, it's essential to understand how location influences property prices and how to choose the right neighborhood for your next home.

Location Drives Property Prices

Location is a key driver of property prices. Properties for sale in desirable neighborhoods tend to command higher prices than those in less desirable areas. The reasons behind this are multifaceted.

Proximity to Amenities

Desirable neighborhoods often offer proximity to amenities like schools, parks, shopping centers, and public transportation.

Safety Matters

Another aspect to consider is the safety and crime rate in a neighborhood. Safer neighborhoods are more attractive to buyers, and properties in these areas typically have higher price tags. 

Economic Health

Additionally, the overall economic health of an area can influence property prices. Neighborhoods with a thriving job market, strong local businesses, and a robust economy tend to have higher property values. 

Choosing the Right Neighborhood

When choosing the right neighborhood for your next home, it's essential to assess your needs and priorities.

Consider Commute and Accessibility

Consider your daily commute and access to essential amenities. Think about your lifestyle preferences, such as proximity to recreational areas or cultural attractions.

Budget vs. Neighborhood Prestige

While location plays a crucial role in property pricing, it's important to strike a balance between your budget and your ideal neighborhood. Sometimes, a slightly less prestigious neighborhood can offer excellent value for money, especially if it's an up-and-coming area with the potential for future growth.

Conclusion

In conclusion, the impact of location on property prices cannot be overstated. It's a key factor that influences the value of houses for sale in the UAE. When searching for your next home, carefully consider the location to ensure it aligns with your needs and lifestyle while staying within your budget. Entralon can be your go-to assistant or partner for guiding you to the best locality. 

Originally published at: https://entralon.blogspot.com/2023/10/the-impact-of-location-on-property.html

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New UAE Golden Visa Rules- Benefits & Terms To Apply For Real Estate Investors And Business Owners

The United Arab Emirates- UAE's new Advanced visa system announced new rules last month. These rules are all set to come into effect from October 3rd,2022.

In UAE golden Visa rules and its long-term visas, there are some changes in permits to enter the country and stay.

In April, UAE's cabinet approved new visa rules that aim to transform the country's residence policy and immigration.

The changes in new visa rules include long tourist visas, an extension of residency for professionals on green visas, and an expansion of the 10-year golden visa scheme.

As per the new rules, the long-term visas and golden visa benefits can now be extended to immediate family members. Golden visa or Green Residence visa holders can sponsor children until the age of 25. This includes the expansion of the age limit which was initially 18 years old. Moreover, The visa has no age limit for unmarried daughters, and children of determination will be granted a residence permit irrespective of age.

UAE golden Visa Eligibility Parameters

To qualify for a golden visa, the applicant needs to fulfill all the requirements. In case of any change in documents or missing documents, your visa can be rejected. There are different criteria for different individuals such as

Golden Visa for Real Estate Investors Eligibility:

Real estate owners or investors are eligible to apply and obtain a golden visa after investing/purchasing a property worth $544,500 (AED 2 million).

With the changes in Rules, now real estate investors are purchasing property with a loan from certain local banks to obtain a Golden Residence visa.

In addition, real estate investors can obtain golden residence when purchasing one or more off-plan properties for no less than $544,550 from approved real estate companies(local).

Golden Visa for Startups and entrepreneurs Eligibility Criteria:

New Golden Visa Rules have made more flexibility for business owners, startup owners, and entrepreneurs. They can obtain a visa on various eligibility grounds including:

To obtain a golden visa, entrepreneurs should own or partner with UAE-based businesses under the SMEs category. Moreover, the registered startups should generate revenue of not less than $272,250

Entrepreneurs who are partners, co-founders, or the founders of Entrepreneurial projects sold for a minimum total of $1.9 million. In addition, the project should have approval from the ministry of economy or local competent authorities for the project or ideas.

Startup owners or entrepreneurs who have obtained approval from the official business incubator for their business idea. The approval should also be obtained from the ministry of economy, or local competent authorities are eligible to obtain a golden visa.

Green Visa for Investors and Business Partners

The new green residence visa is started to encourage investments. Initially, green residence visas offered 2-year residency for investors participating in commercial activities. Now, it has been extended to 5-year residency. You need approval and proof of investment. If the partner or investor is having more than one licence the total capital investment will be calculated with the mandatory approval of authorities.

The Benefits of Obtaining a Golden Visa for Real Estate Investors or Businesses

The new system of golden and green residence visas allows immediate family members to apply for golden visas. The children can also be sponsored up to 25 years of age.

Green residence visas allow first-degree relatives and will be valid till the original visa holder's validity. It means if you are investing in Dubai you can invite your family members to live in Dubai.

All the visa entries single or multiple can be renewed and are valid for 60 days from the date of issue.

New Business Entry Visa

Visa and courage investors entrepreneurs and startup owners who explore business and investment opportunities. The entry is enabled without any sponsor or host.

UAE has made these changes to golden visas and green residence visas to attract more startup and business investments in UAE. If you are looking to move to Dubai for investment, this is your chance as your family and children are also eligible.

Dubai, the place with the tallest buildings in the world, is heaven for a real estate market. We, RGESTATE.COM (by Riveria Global), are a fast-growing real estate agency in Dubai. We have been helping people invest in selling and buying properties in Dubai with our real estate investment website since 2008. We offer top-notch homes for sale and rent in Dubai as well as full-service property management. We help customers in locating luxurious, inspirational, and ideal properties.

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Invest in Dubai Real Estate

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Discover the comprehensive guide to a successful career in Dubai real estate. In this blog we cover all key insights, growth opportunities, and essential tips for thriving in this dynamic and lucrative industry.

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How to Establish a Hotel in Dubai

Dubai is a business hub for all types of enterprises. It provides a strategic location, excellent infrastructure, and a good business environment, attracting many entrepreneurs worldwide. When it comes to creativity and innovation, the hospitality industry plays a significant role. This industry is ripe for investment and the establishment of hotels for sale in Dubai. We recommend that you read this blog before you begin planning to open a hotel in Dubai. We've collected all of the details on how to open a hotel in Dubai in 2021, how to get a hotel license in Dubai, and how much a hotel license costs in Dubai.

In Dubai, you can start a hotel business in one of the following categories:1. Holiday houses 2. Guesthouses 3. Hostels for youth 4. Hotel apartments 5. Hotels 6. Luxury resorts

Hotels are rated from one to seven stars. Holiday homes are classified as either standard or deluxe. Check to see if your hotel falls into any of the categories mentioned above.

What are the rules and regulations for establishing a hotel in Dubai?

The Department of Tourism and Commerce Marketing has established certain rules and regulations for obtaining a hotel license in Dubai (DTCM). It would help if you abode by the following rules:1. Your hotel's manager must have a "Certificate of good conduct." 2. Your packages and prices must be displayed. 3. Every guest's data must be securely stored. 4. A hotel room must be at least 30 square meters in size. 5. A bank guarantee is required for the issuance of a hotel license in Dubai.

What is the procedure for establishing a hotel in Dubai?

Before starting a hotel business in Dubai, we want to draw your attention to an important point. Although almost all types of businesses in Dubai are subject to the same legal and judicial requirements, the hotels for sale Dubai industry is unique. A trade license is generally required to do business in Dubai; however, a tourism license is needed to start a hotel business in Dubai. The following are the steps to establishing a hotel in Dubai:  

1. Select a Location

To begin a hotel business in Dubai, you must first choose an appropriate location for your hotel. Make sure to do some research on the surrounding areas and people. You have the option of establishing a hotel on the Dubai mainland or in a free zone. You can contact experienced business consultants in Dubai to assist you in choosing an appropriate location for your hotel.  

2. Appoint a Manager

A manager is required for the establishment of a hotel business in Dubai. The manager must have the necessary qualifications and approved certifications. Only then can you appoint the candidate to be the manager of your hotel. Whomever you hire as your hotel manager must be capable. They must master their craft because they will play an important role in determining the needs of the hotel industry. Everything will be managed by them, from the cleanliness and hygiene to the food and staff to the quality of services. As a result, make certain that you hire the best candidate for the job.  

3. Obtain Initial Approval

You must keep all required documents on hand to obtain preliminary approval from the Department of Economic Development (DED). To obtain authorization to open a hotel in Dubai, you must keep the following documents on hand:1. Obtain permission from the Dubai General Police Headquarters. 2. Obtain a "Certificate of Conduct" from the Department of Tourism and Commerce Marketing for your hotel (DTCM). 3. Submit a copy of your manager's passport, as well as educational certificates and experience letters. 4. A classification card is also required for the establishment of a hotel business in Dubai. 5. It is necessary to submit plot maps, blueprints of the location, and a building completion certificate for the hotel property. 6. You must submit passport copies for yourself, your business partners, and your employees. 7. Fill out and submit an application form provided by the DED, and have all of your partners sign it.

4. Obtain a Hotel License in Dubai

As previously stated, a tourism license is required to start a hotel business in Dubai. The following are the requirements for obtaining this license:1. Obtain permission from the Dubai Municipality (DM) and other legal departments for sanitation, waste management, public health, and so on. 2. Obtain a landlord-approved tenancy contract for a minimum of ninety days. 3. Register on the Ejari platform to receive your tenancy contract and Ejari number. 4. In the case of an international hotel group or chain, you will need a No Objection Certificate. 5. Submit the trade name certificate as well as any associated payment receipts. 6. Present the initial approval fee receipt.

What is the cost of a hotel license in Dubai?

A tourism license is required for the establishment of a hotel business in Dubai. A tourism license can range between AED 35000 and AED 45000, including service and local agent fees.

What are the architectural requirements for establishing a hotel in Dubai?  

The following architectural conditions must be satisfied by your hotel:  

1. Make sure the drainage pipe is at least 2 inches away from the walls.

2. It is necessary to have a storage facility for all types of food.

3. You must have a basin for washing utensils and cleaning vegetables, fruits, and other food items. The meat basin should be kept separate.

4. The walls, floor, and roof should all be washable, non-absorbent, and fireproof.

5. Ensure adequate ventilation and that the chimney is at least 2 meters higher than the nearest building.

6. The kitchen in your hotel must be at least 300 to 380 square feet in size.  

Take the first step toward opening a hotel in Dubai

RGEstate.com offers effective methods and financial guidance aimed at helping you start a business from the ground up. We make sure to deliver the most lucrative business planning together with execution approaches in finance, ready businesses for sale in Dubai, and property hunting, whether you have recently launched a hotel for sale in Dubai or are going to start one. To avoid the time-consuming procedure of obtaining a hotel license in Dubai, follow the steps outlined above or contact us. By providing feasibility, we focus on helping your investment outcomes expand at a faster rate. Contact us immediately for the most practical financial guidance to help you achieve your objectives.

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What Are The Risks Involved In Dubai Property Investment?

Dubai is one of the most preferred expat locations in the world. The ease of living, low crime rates, high standards, pleasantly warm weather are some of the reasons making it one of the best cities in the world. Dubai’s economy is on the rise and also attracting potential enthusiasts to grow their careers in this glamorous city.  It was the economic stability & growth of Dubai that has prompted tons of expats, entrepreneurs to invest in real estate purchases. Rather than renting properties, people are seeing Dubai’s real estate as an investment opportunity. The property's value keeps on growing in Dubai and that can help in achieving big-scale benefits. 

While the Dubai real estate investment seems to be fruitful, there are several risks associated with buying property on foreign land. To make it insightful, we are sharing the relevant information & risks associated with buying property. 

Ease Of Buying Properties In Dubai

For the past two decades, Dubai has been welcoming foreign investments with open arms. Huge awareness programs are used on multiple platforms luring aspiring entrepreneurs. The city is receiving a huge rise in commercial spaces purchased from new venture buildings. Be it for business setup and flourish or buying properties, everyone is considering Dubai as their foremost option for future investments. Programs like Retire In Dubai or others are a suitable example of how the UAE is proactive in opening new channels of investments. 

Here are some of the benefits to investing in the commercial real estate of Dubai: 

Reasonable Real Estate Pricing

Even after being one of the wealthiest economies in the world, some presume that it will have only expensive deals on the table. But, that’s not true at all as Dubai has numerous affordably-priced properties, unlike Los Angeles. 

Safe and Stable Economy

Dubai has got recognition as the safest city across the globe, especially for women. This makes it a great location to invest in commercial or residential real estate properties.   

High Rental Yields

The extremely high rental yields are one of the essential reasons to invest in Dubai. If we believe in the data, the investors can achieve around 12% of rental yields.   

Bright Future Growth

The UAE economy is bound to grow to a huge extent till 2030 and the same is going to follow for real estate. Be in touch with the financial advisor to check with the current investment scenario & market value in Dubai.   

Safety Concerns For Dubai Real Estate Investment

Investing in a property purchase is always a very crucial decision irrespective of the location. Buying commercial real estate properties in Dubai also needs some sort of caution. The better approach is to seek out the property experts to stay out of any concern or trouble. The finance and real estate agency in Dubai can deliver the most up-to-date advice for a worthy investment in the right location.  However, Dubai is one of those cities in the world that offers a safe process and environment to buy commercial properties. The government offers huge relaxation in the investment and real estate laws considering the wide scope of business opportunities in Dubai. More and more global scale businesses are coming to the city and that boosts the commercial investments.  Still, it is important to understand the area, property, location, and various other terms. Keep a lawyer by your side to take care of the legal implications and advice. The lawyer can even take care of various legal transactions while purchasing properties. The cost of commercial spaces in Dubai starts from 1.5 M and goes around 16M. The initial price might be fixed and seem to be within budget, there can be various additional charges to deal with like government tax, mortgage tax, and agency fees.   

5 Major Risks Associated With Real Estate Dubai

When it comes to getting success in making huge profits, Dubai is one of the best-choice cities across the globe. Still, there are some risks involved in the process that you should be aware of.    

1. Past Scams In Dubai Real Estate  

Even if it was rare, some retirees and expats have been victims of scams by conmen. Presenting as the real estate agents, lenders, sellers, they’ve been able to deceive people making property investments in Dubai. The easy way to dodge these scams is to perform a background check of the agents & keep a team of good lawyers by your side.   

2. Selection Of Wrong Community  

Even after being one of the high-standard cities across the globe, several communities are lacking enough amenities. When a buyer plans to invest in properties, the expectations include certain amenities. Hence, it is essential to invest some time in research rather than make a blind investment. Make sure the neighborhood has everything to offer as per your expectations. In case not, you need to switch to some other locality for purchasing a property. 

3. Lower Rental Yields 

One of the prominent reasons that Dubai receives the investments is high rental yields. Investors can get around 12% yield on an apartment & 7% yield on a villa. Although these figures are true for some parts of the city, it is much higher than multiple USA cities. So, it becomes mandatory to tap into quick research about rental yields before buying a property.  

4. Opting For Wrong Property Builder 

In case you’ve decided to invest in a property and build the same, choosing the right builder is essential. Ignoring this and dealing with the rogue builders can end up with half-finished construction or poor quality. It is going to be a huge loss of capital for you. 

5. Possibility Of Economy Fall

Although, the UAE economy is stable and growing in the current scenario. But, we can’t forecast the same figures in the future too as it is the country’s economy. A considerable amount of contribution comes from oil production and the huge global demand has been one of the strong pillars. But, if we believe in the future forecasts, the global oil demand is likely to decrease in the coming decades. It can surely hit the country’s economy. However, the UAE government has already calculated the risk and pushed the load to other sectors too. 

Final Word 

Overall, we can conclude that both advantages and risks are associated with commercial real estate investment in Dubai. Always deal with trustworthy professionals & rely on in-depth research to ensure secure investment. Ensure smooth and guaranteed support to purchase your next property in commercial spaces.

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Dubai Villas for Sale: Explore Luxury Living & Investments

Explore a world of luxury living with our guide to buying villas in Dubai. Discover prime locations, investment potential, and expert tips for a seamless purchase.