Purchasing real estate in the United Arab Emirates is a great investment. The country offers a wide range of properties that are affordable to everyone. From luxury resorts and golf courses to residential properties and residential estates, there is something to suit all tastes. For investing in real estate in uae kamal real estate hub is one of the best option to check.
Al Reef
Located close to the Abu Dhabi airport, Al Reef is an area that is popular for buying and renting apartments. It offers a variety of amenities and facilities, including large parks and a variety of retail stores. It is surrounded by beautiful greenery and is a peaceful community.
The area is located in close proximity to several important areas, including the Abu Dhabi airport, the Zayed Sports City, and Yas Island. It also boasts a range of retail stores, cafes, and pharmacies. It is popular with families and young couples.
Apartments for rent in Al Reef range from studios to one-bedroom units. The rent for studios starts at AED 38k per year and reaches AED 110k. There are also two-bedroom apartments for rent, which start at AED 57k and reach AED 90k.
Yas Island
Located within a 30-minute drive from the Abu Dhabi International Airport, Yas Island is a popular waterfront community for both families and investment firms. It offers many amenities, including a beautiful beach, an F1 race track, an amazing mall and much more.
A number of major residential developments are available for purchase in Yas Island. These include Water’s Edge, Ansam, West Yas, Yas Acres and more. These developments offer a variety of homes to suit different lifestyles.
Developed by Aldar Properties, Yas Island is a premium investment zone. It has a total land area of 2.5 kilometers. It is surrounded by crystal clear waters of the Arabian Gulf.
The master plan of Yas Island includes various tourist attractions and business hubs. Several landmarks, such as the Viceroy Hotel, Yas Marina and the Yas Beach, are located on the island.
Arabian Ranches by Emaar
Located on Emirates Road, Arabian Ranches by Emaar Properties is one of the most well-established and sought after residential communities in Dubai. This master-planned development is designed to offer residents an aspirational lifestyle, while providing an abundance of nature. It is a safe, gated community offering spacious living and unrivaled amenities.
Arabian Ranches by Emaar is spread over an area of 1,650 acres, providing a tranquil landscape for families to enjoy. It is surrounded by numerous recreational facilities, including a championship golf course, a polo club, and sports fields. The development has a number of amenities to offer residents, including full-size tennis courts, and a skate park.
Arabian Ranches by Emaar offers a variety of luxury homes, including three- and four-bedroom townhouses. These homes offer spacious living areas, terraces, and balconies. These townhouses are available in a variety of styles and designs to meet individual needs.
Taxation
Investing in real estate in the UAE is a wise choice. This industry is considered to be one of the major contributors to the national economy. However, this sector is also vulnerable to malpractices and tax evasion. Hence, it is advisable to get legal advice before investing in this market.
The UAE has a number of taxation laws. It is important to understand the taxation regime before investing in real estate. There are different emirates in the UAE, each of which has their own taxation laws. These laws are formulated to support the UAE real estate sector and minimize the chances of tax evasion.
A tax is imposed on companies that have their offices in the UAE. The rate of tax varies from emirate to emirate. For instance, in Abu Dhabi, the tax rate is 3%, while in Dubai it is 4%.
Escrow accounts
During the real estate sector, there is a specific function of escrow accounts. It provides the buyers with enhanced protection and reassurance. It also makes the transactions easy and hassle free.
Escrow accounts were introduced in Dubai in 2007. This was to bring a greater level of accountability and transparency to the real estate market. The government also wanted to bring a higher level of protection for the buyers and investors.
The law requires developers to open escrow accounts for their off-plan projects. In addition, if a developer delays a project for more than six months, the authorities can deregister them.
Escrow accounts are set up in specific banks. The banks are licensed by the relevant authorities.
Real Estate in UAE
Located in Sharjah, Al Qasimia is a popular residential community. It has a diverse and well-developed infrastructure real estate in uae. It is a great choice for families looking for a property. In addition to this, the area is close to a number of entertainment venues and schools.
Al Qasimia is a residential community that offers a wide variety of apartments and villas. These include studio apartments, one-bedroom apartments, two-bedroom apartments, and three-bedroom apartments. These rental properties are a great value for money. Moreover, many of the apartments come with at least one parking spot.
