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","richText":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Advantages of Purchasing Through a Real Estate Agent:","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"heading","version":1,"tag":"h3"},{"children":[{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Access to Multiple Projects from Various Developers","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":1},{"children":[{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"An agent can offer a wide range of projects from different developers.","type":"text","version":1}],"direction":"ltr","format":"","indent":1,"type":"listitem","version":1,"value":1}],"direction":"ltr","format":"","indent":0,"type":"list","version":1,"listType":"bullet","start":1,"tag":"ul"}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":2},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"No Discount for Buying Directly from a Developer Without an Agent","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":2},{"children":[{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Purchasing directly from a developer does not provide additional discounts.","type":"text","version":1}],"direction":"ltr","format":"","indent":1,"type":"listitem","version":1,"value":1}],"direction":"ltr","format":"","indent":0,"type":"list","version":1,"listType":"bullet","start":1,"tag":"ul"}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":3},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Comprehensive Service with an Agent","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":3},{"children":[{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Planning your visit from arrival.","type":"text","version":1}],"direction":"ltr","format":"","indent":1,"type":"listitem","version":1,"value":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Tours of showroom apartments.","type":"text","version":1}],"direction":"ltr","format":"","indent":1,"type":"listitem","version":1,"value":2},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Visits to scale models in the Sales Gallery.","type":"text","version":1}],"direction":"ltr","format":"","indent":1,"type":"listitem","version":1,"value":3},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Dedicated account manager for personalised service.","type":"text","version":1}],"direction":"ltr","format":"","indent":1,"type":"listitem","version":1,"value":4},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Negotiation options for terms when purchasing multiple units.","type":"text","version":1}],"direction":"ltr","format":"","indent":1,"type":"listitem","version":1,"value":5},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Early reservation of the best units, especially as some projects sell out quickly.","type":"text","version":1}],"direction":"ltr","format":"","indent":1,"type":"listitem","version":1,"value":6}],"direction":"ltr","format":"","indent":0,"type":"list","version":1,"listType":"bullet","start":1,"tag":"ul"}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":4},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Construction Updates","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":4},{"children":[{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Receive regular updates on construction progress.","type":"text","version":1}],"direction":"ltr","format":"","indent":1,"type":"listitem","version":1,"value":1}],"direction":"ltr","format":"","indent":0,"type":"list","version":1,"listType":"bullet","start":1,"tag":"ul"}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":5},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"First-Hand Information on New Launches","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":5},{"children":[{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Direct updates on new project launches. 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Many choose to relocate here or view Dubai as a reliable destination for real estate investments and wealth growth.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Additionally, a significant number of investors use their own capital for investments, making Dubai less vulnerable to a global banking crisis.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1}],"direction":"ltr","format":"","indent":0,"type":"root","version":1}},"id":"668e817197a0f47c5f17719c"},{"title":"Can you finance off-plan property?","richText":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Financing is possible after the project is completed. You can finance the final phase depending on your payment plan. 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The costs for these services are often included in the annual rental prices for properties or may be incorporated into the service charges of communal facilities in apartments and communities.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":3}],"direction":"ltr","format":"","indent":0,"type":"list","version":1,"listType":"number","start":1,"tag":"ol"},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"In summary, the way these services are funded and managed differs significantly from the Dutch system. 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An additional advantage is that you can personally use your studio for ","type":"text","version":1},{"detail":0,"format":1,"mode":"normal","style":"","text":"up to three months per year","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":".","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":2}],"direction":"ltr","format":"","indent":0,"type":"list","version":1,"listType":"bullet","start":1,"tag":"ul"},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"How does renting work in Dubai?","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Renting in Dubai is straightforward and highly efficient. For long-term rentals, you receive the rent ","type":"text","version":1},{"detail":0,"format":1,"mode":"normal","style":"","text":"one year in advance","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":". Additionally, you have the option to ","type":"text","version":1},{"detail":0,"format":1,"mode":"normal","style":"","text":"increase the rent by 10% annually","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":".","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1}],"direction":"ltr","format":"","indent":0,"type":"root","version":1}},"id":"66a297d2914b5711113c1314"},{"title":"What is meant by \"Dubai is a global market? Ranking of investors in Dubai","richText":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"How diverse is the population of Dubai?","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Dubai is home to 220 different nationalities, with 80% consisting of hardworking expats.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"From which countries do the majority of real estate investors in Dubai come?","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"The real estate market in Dubai attracts investors from all over the world. The top 20 countries from which most investors come are:","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"India","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"United Kingdom","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":2},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Italy","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":3},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Russia","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":4},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"France","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":5},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Egypt","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":6},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Canada","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":7},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"China","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":8},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Lebanon","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":9},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"UAE","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":10},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"United States","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":11},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Saudi Arabia","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":12},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Germany","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":13},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Jordan","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":14},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Netherlands","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":15},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Turkey","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":16},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Spain","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":17},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"South Africa","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":18},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Switzerland","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":19},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Australia","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":20}],"direction":"ltr","format":"","indent":0,"type":"list","version":1,"listType":"number","start":1,"tag":"ol"},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"The Netherlands in 15th place?","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"The Netherlands ranks high on the global list due to the growing interest of Dutch investors in the Dubai real estate market. This signals a shift in the Dutch investment climate, which has always been very lucrative for foreign real estate investors.","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Spain and Portugal were previously considered global markets.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Why are Spain and Portugal now less attractive for non-European investors?","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"It has become more difficult for non-European investors to apply for a Golden Visa in Spain and Portugal. In Portugal, the Golden Visa program has even been suspended. As a result, wealthy Arabs, Brazilians, and Chinese individuals who wanted to retire in Spain or Portugal can no longer settle permanently, and they will no longer invest in real estate in these countries. While this may be good for the local population, it is less attractive for real estate investors as it slows down growth.","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"This has led to a slowdown in the growth of the real estate market in Spain and Portugal, which is now focusing more on European investors rather than a global market.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"What are the opportunities for wealthy investors in Dubai?","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"These developments offer additional opportunities for wealthy global investors looking to settle in Dubai and retirees with a Golden Visa. This new market of retirees increases the demand for housing in Dubai even further.","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"For more information on investment opportunities in Dubai, contact us for an informative consultation.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1}],"direction":"ltr","format":"","indent":0,"type":"root","version":1}},"id":"66a29e1d914b5711113c1315"},{"title":"Is the Dirham pegged to the US Dollar and what does this mean for your real estate investment?","richText":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Yes, the Dirham (AED), the official currency of the United Arab Emirates (UAE), is pegged to the US Dollar (USD). Since 1997, the exchange rate has remained stable and fixed at 1 USD = 3.6725 AED. This peg provides economic stability and predictability for investors and traders doing business in the UAE. The US Dollar remains the global standard.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1}],"direction":"ltr","format":"","indent":0,"type":"root","version":1}},"id":"66a589f455220c5f86f47665"},{"title":"What are the conversion factors from Dirham to € and from square foot to m² ?","richText":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Price lists are provided in Dirhams and Square Feet. Below are the conversion factors:","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Dirham to Euro (AED to EUR)","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":":","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":1},{"children":[{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"The exchange rate between the UAE Dirham (AED) and the Euro (EUR) fluctuates and depends on current market rates. A commonly used approximation is 1 AED ≈ 0.25 EUR. Simply divide by 4.","type":"text","version":1}],"direction":"ltr","format":"","indent":1,"type":"listitem","version":1,"value":1}],"direction":"ltr","format":"","indent":0,"type":"list","version":1,"listType":"bullet","start":1,"tag":"ul"}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":2},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Square Foot to Square Meter (ft² to m²)","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":":","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":2},{"children":[{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"1 square foot (ft²) = 0.092903 square meters (m²).","type":"text","version":1}],"direction":"ltr","format":"","indent":1,"type":"listitem","version":1,"value":1}],"direction":"ltr","format":"","indent":0,"type":"list","version":1,"listType":"bullet","start":1,"tag":"ul"}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":3}],"direction":"ltr","format":"","indent":0,"type":"list","version":1,"listType":"number","start":1,"tag":"ol"}],"direction":"ltr","format":"","indent":0,"type":"root","version":1}},"id":"66a61cf9f35a94f38f8b43da"},{"title":"Do you pay inheritance tax on your wealth in Dubai?","richText":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"In Dubai, the transfer of assets from parents to children is relatively simple and tax-friendly. Here are the key points:","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"No Inheritance Tax","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":": Dubai does not have inheritance tax or wealth tax, meaning that transferring parents and receiving children do not have to pay tax on the value of the transferred assets.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":1},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Legal Procedures","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":": While there is no inheritance tax, legal procedures must still be followed. For real estate, this may mean that the transfer must be officially registered with the Dubai Land Department (DLD). This is often done through a \"gift deed\" or donation agreement.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":2},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Administrative and Registration Costs","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":": While there is no inheritance tax, there may be administrative and registration costs involved in the transfer of property or other assets. These costs are generally low compared to inheritance taxes in other countries.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":3},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Documentation and Registration","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":": It is important to properly document and register the transfer. For real estate, a formal document is usually drafted and submitted to the DLD to complete the transfer of ownership.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":4},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Family Planning","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":": It may be useful to consult a legal advisor to ensure that all documentation and procedures are handled correctly, especially for larger wealth transfers or if there are complex family circumstances.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":5}],"direction":"ltr","format":"","indent":0,"type":"list","version":1,"listType":"number","start":1,"tag":"ol"},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"In summary, wealth transfer from parents to children in Dubai is tax-free, but it is important to follow the proper legal steps and consider any administrative costs involved.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"We can engage a Dutch notary based in Dubai to professionally handle such matters for you.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1}],"direction":"ltr","format":"","indent":0,"type":"root","version":1}},"id":"66aca51251b92866c20451b8"},{"title":"How much does an apartment with a rental yield of €2,000 per month cost in Dubai and in the Netherlands?","richText":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"In Dubai, you can purchase a fully furnished 85 m² apartment in Sports City or Al Furjan for €250,000. This apartment easily generates €2,000 per month in rental income and offers a range of amenities, including a reception, parking garage, swimming pool, and gym. The service charges are €262 per month.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"In the Netherlands, on the other hand, to enter the free market, you would need to buy a property worth over 187 points. Additionally, due to the purchase protection, the property must cost at least €435,000. For comparison, a property at Johannes Camphuijsstraat 3 (The Hague) with 90 m², which also generates €2,000 in rent per month (according to Pararius), is priced at around €435,000. This property is unfurnished, lacks parking, and does not have modern amenities, such as a home smart app. The service charges are €185 per month.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"In summary, in the Netherlands, you would need to invest an additional €185,000 for similar rental income. Taxes are not included in this comparison.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1}],"direction":"ltr","format":"","indent":0,"type":"root","version":1}},"id":"66acabce51b92866c20451b9"},{"title":"What about compliance and screening the source of funds in Dubai?","richText":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"In Dubai, there are strict rules and regulations regarding compliance and reporting the source of funds, especially in real estate transactions. The government has implemented various measures to prevent money laundering and the financing of terrorism, in line with international standards.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Key aspects of compliance and the source of funds in Dubai:","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Anti-Money Laundering (AML) regulations: Real estate transactions in Dubai are subject to strict AML laws. This means that buyers and investors are required to justify the source of their funds. Financial institutions, such as banks and real estate companies, must follow compliance procedures to identify and report suspicious transactions.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Know Your Customer (KYC): KYC procedures are mandatory for real estate transactions. This requires investors and buyers to verify their identity and the source of their wealth. Documents such as bank statements, salary slips, or income declarations may be required.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":2},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Regulatory authorities: Authorities such as the Dubai Land Department (DLD) and the Central Bank of the UAE play a crucial role in enforcing these regulations. They ensure that all transactions comply with legal requirements and that no suspicious activities take place.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":3},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Rigorous checks: Real estate companies and financial institutions in Dubai are required to carry out thorough due diligence on their clients. This includes investigating the client's background and ensuring that the funds used for investments have been legally acquired.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":4}],"direction":"ltr","format":"","indent":0,"type":"list","version":1,"listType":"number","start":1,"tag":"ol"},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Consequences of non-compliance: Failure to comply with AML and KYC regulations can lead to severe consequences, such as asset freezes, heavy fines, and in some cases, criminal prosecution.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Conclusion: Dubai takes compliance and the reporting of the source of funds very seriously. Investors must ensure they are fully transparent about their finances and meet all legal requirements to avoid issues.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1}],"direction":"ltr","format":"","indent":0,"type":"root","version":1}},"id":"66cd085c1eca5f1ef81f4d21"},{"title":"Is Dubai on the Financial Action Task Force list?","richText":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Here is the translation:","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Answer is NO","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Dubai was indeed removed from the Financial Action Task Force (FATF) grey list in 2023, meaning the country has made significant progress in combating money laundering and the financing of terrorism. The removal from this list is an important signal that Dubai has strengthened its regulatory and enforcement mechanisms to meet international standards.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"What does this mean for investors?","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Increased Confidence:","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"The removal of Dubai from the FATF grey list boosts the confidence of international investors. This means that Dubai is now globally recognized as a safer and more transparent place for investment.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":1},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Stricter Regulations Enforced:","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"While Dubai is no longer on the grey list, the country continues to enforce strict anti-money laundering (AML) and Know Your Customer (KYC) regulations. Investors still need to comply with all legal requirements, including proving the source of their funds.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":2},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Improved Reputation:","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"This development enhances Dubai’s reputation as a solid and reliable financial hub, which is beneficial for investors seeking safe and profitable opportunities in the real estate market.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":3},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Access to Broader Markets:","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"With improved compliance standards, Dubai becomes even more attractive to international investors, including institutional investors who had previously been cautious due to concerns about money laundering risks.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":4}],"direction":"ltr","format":"","indent":0,"type":"list","version":1,"listType":"number","start":1,"tag":"ol"},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Conclusion","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"The removal of Dubai from the FATF grey list reflects the emirate’s progress in maintaining international standards. For investors, this means a more favourable climate with strict yet fair regulations, further strengthening trust in the real estate market.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1}],"direction":"ltr","format":"","indent":0,"type":"root","version":1}},"id":"66cd094c1eca5f1ef81f4d22"},{"title":"Is Dubai expensive to live in?","richText":{"root":{"children":[{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"No, absolutely not!","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Dubai is actually known for its affordability compared to Europe. Luxury is synonymous with Dubai, but it is not an expensive city.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Supermarket food is up to 30% cheaper, and everything is fresh, imported from Asia, Africa, and South America.","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Taxis and Uber are up to 50% cheaper. For example, a ride from Palm Jumeirah to Creek Harbour costs 120 Dirhams, which is only €30, even if you're stuck in traffic for an hour and a half. In the Netherlands, the same distance would cost €70, and if you're in traffic, the meter keeps running.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Five-star hotels offer real luxury for more than half the price compared to Europe. 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Because in Dubai, it's not just about food – it's an adventure you'll want to experience again and again.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Dubai is often associated with bling, but in reality, you get a lot for very little here.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1}],"direction":"ltr","format":"","indent":0,"type":"root","version":1}},"id":"66f552997b513eac0ec32383"},{"title":"What developments are planned in Dubai over the next few years?","richText":{"root":{"children":[{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Wynn Casino Resort","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"The Wynn Casino, located on Al Marjan Island in Ras Al Khaimah, will be the first casino resort in the UAE and is scheduled to open in 2027. In addition to the casino, the resort will feature luxury hotels, restaurants, and entertainment facilities. This resort is set to become a major tourist attraction for the region.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Al Maktoum International Airport (Dubai World Central)","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"The expansion of Al Maktoum International Airport will make it the largest airport in the world, with a capacity of more than 250 million passengers per year. 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Explanation of EOI (Expression of Interest)","richText":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"How does the process work prior to the launch of a building?","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Before a project is launched, the developer sends a press release to all real estate agents. These agents then inform their clients about the project details. To secure an option on a property, you make a deposit of 40,000 AED as an Expression of Interest (EOI). With an EOI, you indicate in advance your preferences for floor, number of bedrooms, and view. 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However, there is always a pre-launch phase beforehand. During a pre-launch, the developer is still in the process of securing an Escrow account from the Dubai Land Department.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"In this phase, new or returning investors have the opportunity to reserve the best units. The \"Sale Purchase Agreement\" (SPA) can only be issued by the developer during the official launch once an Escrow account is in place. 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Below is an overview of the situation regarding sewerage charges, water board taxes, and waste collection levies in Dubai:","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Sewerage Charges","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":": In Dubai, there is no specific tax equivalent to the Dutch sewerage charge. The costs for sewerage services are typically included in the general utilities managed by the Dubai Electricity and Water Authority (DEWA). Households and businesses pay monthly bills for electricity and water, which also cover the expenses for sewerage and drainage services.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":1},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Water Board Taxes","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":": There is no separate water board tax in Dubai. Water management is centrally organised by DEWA, and the costs for water management and distribution are included in the general water bills that customers pay.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":2},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Waste Collection Levies","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":": Dubai does not have a specific waste collection levy as in the Netherlands. Waste collection and processing are usually handled by municipal authorities like the Dubai Municipality. The costs for these services are often included in the annual rental prices for properties or may be incorporated into the service charges of communal facilities in apartments and communities.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":3}],"direction":"ltr","format":"","indent":0,"type":"list","version":1,"listType":"number","start":1,"tag":"ol"},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"In summary, the way these services are funded and managed differs significantly from the Dutch system. In Dubai, the costs for sewerage, water management, and waste collection are generally integrated into general utilities and service charges, rather than through separate taxes and levies.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1}],"direction":"ltr","format":"","indent":0,"type":"root","version":1}},"id":"66910a0c793d40799e177aa0"},{"title":"When do you become the full owner of an off-plan property in Dubai? At which stage?","richText":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"When purchasing off-plan property in Dubai (i.e., property that is still under construction), you go through several stages before becoming the full owner of the property. Below are the key stages you will go through:","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Reservation and Initial Deposit","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":":","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":1},{"children":[{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"You choose an off-plan project and a specific unit within that project.","type":"text","version":1}],"direction":"ltr","format":"","indent":1,"type":"listitem","version":1,"value":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"You sign a reservation agreement and make an initial deposit, usually around 10% of the purchase price. This reservation amount secures your interest in the unit. (EOI) Expression of Interest.","type":"text","version":1}],"direction":"ltr","format":"","indent":1,"type":"listitem","version":1,"value":2}],"direction":"ltr","format":"","indent":0,"type":"list","version":1,"listType":"bullet","start":1,"tag":"ul"}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":2},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Sales and Purchase Agreement (SPA)","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":":","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":2},{"children":[{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"After the reservation, the Sales and Purchase Agreement (SPA) is drafted. This document includes the full details of the transaction, including the payment schedule, construction timeline, and other terms and conditions.","type":"text","version":1}],"direction":"ltr","format":"","indent":1,"type":"listitem","version":1,"value":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Once the SPA is signed by both the buyer and the developer, it is registered with the Dubai Land Department (DLD).","type":"text","version":1}],"direction":"ltr","format":"","indent":1,"type":"listitem","version":1,"value":2}],"direction":"ltr","format":"","indent":0,"type":"list","version":1,"listType":"bullet","start":1,"tag":"ul"}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":3},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Payments According to the Payment Schedule","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":":","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":3},{"children":[{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"You pay the remaining purchase price in stages, following a pre-determined payment schedule. This schedule is often linked to the progress of construction. For example, you may pay a certain percentage upon completion of the foundation, another percentage upon completion of the structure, and so on.","type":"text","version":1}],"direction":"ltr","format":"","indent":1,"type":"listitem","version":1,"value":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Payments are typically made through escrow accounts managed by the DLD to protect the buyer.","type":"text","version":1}],"direction":"ltr","format":"","indent":1,"type":"listitem","version":1,"value":2}],"direction":"ltr","format":"","indent":0,"type":"list","version":1,"listType":"bullet","start":1,"tag":"ul"}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":4},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Handover and Inspection","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":":","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":4},{"children":[{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Once the project is completed, you will receive a notice from the developer for the handover of the unit.","type":"text","version":1}],"direction":"ltr","format":"","indent":1,"type":"listitem","version":1,"value":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"You will carry out an inspection to ensure that the unit meets the agreed specifications and quality.","type":"text","version":1}],"direction":"ltr","format":"","indent":1,"type":"listitem","version":1,"value":2},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Any defects must be rectified by the developer before you receive the keys.","type":"text","version":1}],"direction":"ltr","format":"","indent":1,"type":"listitem","version":1,"value":3}],"direction":"ltr","format":"","indent":0,"type":"list","version":1,"listType":"bullet","start":1,"tag":"ul"}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":5},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Transfer and Title Deed","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":":","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":5},{"children":[{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"After the successful inspection and approval of the unit, the official transfer takes place.","type":"text","version":1}],"direction":"ltr","format":"","indent":1,"type":"listitem","version":1,"value":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"The title deed is registered in your name with the DLD. From this point, you are the full owner of the property.","type":"text","version":1}],"direction":"ltr","format":"","indent":1,"type":"listitem","version":1,"value":2},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"You will receive the keys to the unit and can either move in or rent it out.","type":"text","version":1}],"direction":"ltr","format":"","indent":1,"type":"listitem","version":1,"value":3}],"direction":"ltr","format":"","indent":0,"type":"list","version":1,"listType":"bullet","start":1,"tag":"ul"}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":6}],"direction":"ltr","format":"","indent":0,"type":"list","version":1,"listType":"number","start":1,"tag":"ol"},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"It is important to maintain clear communication throughout the entire process with the developer's account manager and/or your real estate agent to ensure that all payments and documents are handled correctly and on time.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1}],"direction":"ltr","format":"","indent":0,"type":"root","version":1}},"id":"66910d08e5da0d02734b03b6"},{"title":"What are the benefits of an Investment Visa or Golden Visa, and how can you obtain one?","richText":{"root":{"children":[{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"What is a Golden Visa?","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"The Golden Visa allows investors and their family members to move to and visit Dubai at any time, without the need for a sponsor. There is no requirement to live in the country, and just one or two visits per year are sufficient.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Investors and their families can work, access local hospitals, and pursue education. They can obtain a driving license or renew their current license.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"The tax system in Dubai is highly advantageous for residents, especially businesspeople. They are not required to pay taxes on income, capital gains, inheritance, gifts, or real estate within the country.","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Corporate tax is only applicable up to a certain level of profit.","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Additionally, investors can open a bank account in Dubai and obtain a mortgage.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Another significant benefit is that Golden Visa holders can receive the Esaad card for free. This is a Dubai discount card. Cardholders enjoy various promotions, rewards, and savings in shopping malls, hospitals, and other places.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Who is eligible for the Golden Visa?","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Real estate investors","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Investors","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":2},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Entrepreneurs","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":3},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Scientists","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":4},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"PhD holders and data experts","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":5},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Chief executives","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":6},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Doctors","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":7},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Outstanding students","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":8},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"University graduates with a GPA of 3.8 or higher","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":9},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Pioneers of humanitarian work","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":10},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Creative individuals in culture and the arts","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":11},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Sports professionals","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":12}],"direction":"ltr","format":"","indent":0,"type":"list","version":1,"listType":"bullet","start":1,"tag":"ul"},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Golden Visa for 10 years","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"You can obtain a 10-year residence visa for the UAE by purchasing real estate in the UAE, specifically within Dubai's property zones. The minimum investment amount is AED 2,000,000 (€500,000). You can also take out a mortgage with a 50% down payment.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Golden Visa for 2 years","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"You can apply for a 2-year residence visa for the UAE by purchasing real estate in Dubai's property zones. A mortgage with a 50% down payment is also possible in this case.","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"The minimum investment amount depends on the number of owners. For a single investor, it is AED 750,000 (€187,000). However, if a spouse is included in the application, the minimum amount must be AED 1,000,000.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Requirements and How to Apply:","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Documents required to obtain a Golden Visa in Dubai, UAE:","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Passport","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Birth certificate","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":2},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"E-certificate of ownership/title deed (if available)","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":3},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Biometric photo","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":4},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"UAE ID (if available)","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":5},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"A copy of the current residence permit (if applicable)","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":6},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Marriage certificate (if applicable)","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":7},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"No criminal record certificate from the country of citizenship","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":8},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Certificate of good conduct addressed to the Dubai Land Department","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":9},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Health insurance","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":10},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Medical fitness certificate","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":11},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Submission letter from the Federal Tax Authority","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":12},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Determination letter from the relevant authority (if required)","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":13}],"direction":"ltr","format":"","indent":0,"type":"list","version":1,"listType":"bullet","start":1,"tag":"ul"},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"For online application, visit the official UAE Golden Visa portal.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1}],"direction":"ltr","format":"","indent":0,"type":"root","version":1}},"id":"66a27af233c0120703c43e15"},{"title":"What does \"Units released in sales force\" mean?","richText":{"root":{"children":[{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"How does the unit owner get their invested funds back?","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"The owner can recover their invested funds by offering the unit back to the developer. This typically happens when the buyer is unable to secure financing for the final payment.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"What does the developer do with the returned property?","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"The developer lists the property in \"Sales Force.\" Since these units are ready for immediate rental, they are often sold again within a few hours. As a real estate agent, we can secure an option on these properties.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Why is this interesting for investors?","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"This presents a very attractive investment opportunity for two reasons:","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Profit potential","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":": You can immediately make a profit by purchasing the unit at the price from three years ago.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":1},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Immediate cash flow","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":": As the building is already completed, you can start generating rental income from day one.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":2}],"direction":"ltr","format":"","indent":0,"type":"list","version":1,"listType":"number","start":1,"tag":"ol"},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"How much is the initial deposit (EOI)?","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"The initial deposit (EOI) is typically 20%. In some cases, you do not need to pay the 4% Dubai Land Department (DLD) fee, as this has already been covered. The only additional cost is a 2% agent fee.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1}],"direction":"ltr","format":"","indent":0,"type":"root","version":1}},"id":"66a27ed233c0120703c43e16"},{"title":"Can LXRYproperties facilitate the sale of your property at the time of key handover or upon obtaining a No Objection Certificate (NOC)?","richText":{"root":{"children":[{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Yes, the property will be listed on propertyfinder.com at the time of key handover. This is a site comparable to Funda.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"In principle, you can sell your property after obtaining your No-Objection Certificate (NOC).","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"When selling property in Dubai, an NOC from the developer is a mandatory requirement. This certificate confirms that all debts to the developer have been settled and that they have no objections to the sale of the property. Whether it is advisable to sell depends on the specific project. In many cases, the optimal timing for a sale is at the key handover or when the property is rented out.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1}],"direction":"ltr","format":"","indent":0,"type":"root","version":1}},"id":"66a282b533c0120703c43e17"},{"title":"I’m interested, what’s the next step?","richText":{"root":{"children":[{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Contact us through the contact form. 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Here are the key points:","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"No Inheritance Tax","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":": Dubai does not have inheritance tax or wealth tax, meaning that transferring parents and receiving children do not have to pay tax on the value of the transferred assets.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":1},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Legal Procedures","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":": While there is no inheritance tax, legal procedures must still be followed. For real estate, this may mean that the transfer must be officially registered with the Dubai Land Department (DLD). This is often done through a \"gift deed\" or donation agreement.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":2},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Administrative and Registration Costs","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":": While there is no inheritance tax, there may be administrative and registration costs involved in the transfer of property or other assets. These costs are generally low compared to inheritance taxes in other countries.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":3},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Documentation and Registration","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":": It is important to properly document and register the transfer. For real estate, a formal document is usually drafted and submitted to the DLD to complete the transfer of ownership.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":4},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Family Planning","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":": It may be useful to consult a legal advisor to ensure that all documentation and procedures are handled correctly, especially for larger wealth transfers or if there are complex family circumstances.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":5}],"direction":"ltr","format":"","indent":0,"type":"list","version":1,"listType":"number","start":1,"tag":"ol"},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"In summary, wealth transfer from parents to children in Dubai is tax-free, but it is important to follow the proper legal steps and consider any administrative costs involved.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"We can engage a Dutch notary based in Dubai to professionally handle such matters for you.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1}],"direction":"ltr","format":"","indent":0,"type":"root","version":1}},"id":"66aca51251b92866c20451b8"},{"title":"How much does an apartment with a rental yield of €2,000 per month cost in Dubai and in the Netherlands?","richText":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"In Dubai, you can purchase a fully furnished 85 m² apartment in Sports City or Al Furjan for €250,000. This apartment easily generates €2,000 per month in rental income and offers a range of amenities, including a reception, parking garage, swimming pool, and gym. The service charges are €262 per month.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"In the Netherlands, on the other hand, to enter the free market, you would need to buy a property worth over 187 points. Additionally, due to the purchase protection, the property must cost at least €435,000. For comparison, a property at Johannes Camphuijsstraat 3 (The Hague) with 90 m², which also generates €2,000 in rent per month (according to Pararius), is priced at around €435,000. This property is unfurnished, lacks parking, and does not have modern amenities, such as a home smart app. The service charges are €185 per month.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"In summary, in the Netherlands, you would need to invest an additional €185,000 for similar rental income. Taxes are not included in this comparison.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1}],"direction":"ltr","format":"","indent":0,"type":"root","version":1}},"id":"66acabce51b92866c20451b9"},{"title":"What about compliance and screening the source of funds in Dubai?","richText":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"In Dubai, there are strict rules and regulations regarding compliance and reporting the source of funds, especially in real estate transactions. The government has implemented various measures to prevent money laundering and the financing of terrorism, in line with international standards.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Key aspects of compliance and the source of funds in Dubai:","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Anti-Money Laundering (AML) regulations: Real estate transactions in Dubai are subject to strict AML laws. This means that buyers and investors are required to justify the source of their funds. Financial institutions, such as banks and real estate companies, must follow compliance procedures to identify and report suspicious transactions.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Know Your Customer (KYC): KYC procedures are mandatory for real estate transactions. This requires investors and buyers to verify their identity and the source of their wealth. Documents such as bank statements, salary slips, or income declarations may be required.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":2},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Regulatory authorities: Authorities such as the Dubai Land Department (DLD) and the Central Bank of the UAE play a crucial role in enforcing these regulations. They ensure that all transactions comply with legal requirements and that no suspicious activities take place.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":3},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Rigorous checks: Real estate companies and financial institutions in Dubai are required to carry out thorough due diligence on their clients. This includes investigating the client's background and ensuring that the funds used for investments have been legally acquired.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":4}],"direction":"ltr","format":"","indent":0,"type":"list","version":1,"listType":"number","start":1,"tag":"ol"},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Consequences of non-compliance: Failure to comply with AML and KYC regulations can lead to severe consequences, such as asset freezes, heavy fines, and in some cases, criminal prosecution.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Conclusion: Dubai takes compliance and the reporting of the source of funds very seriously. Investors must ensure they are fully transparent about their finances and meet all legal requirements to avoid issues.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1}],"direction":"ltr","format":"","indent":0,"type":"root","version":1}},"id":"66cd085c1eca5f1ef81f4d21"},{"title":"Is Dubai on the Financial Action Task Force list?","richText":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Here is the translation:","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Answer is NO","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Dubai was indeed removed from the Financial Action Task Force (FATF) grey list in 2023, meaning the country has made significant progress in combating money laundering and the financing of terrorism. The removal from this list is an important signal that Dubai has strengthened its regulatory and enforcement mechanisms to meet international standards.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"What does this mean for investors?","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Increased Confidence:","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"The removal of Dubai from the FATF grey list boosts the confidence of international investors. This means that Dubai is now globally recognized as a safer and more transparent place for investment.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":1},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Stricter Regulations Enforced:","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"While Dubai is no longer on the grey list, the country continues to enforce strict anti-money laundering (AML) and Know Your Customer (KYC) regulations. Investors still need to comply with all legal requirements, including proving the source of their funds.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":2},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Improved Reputation:","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"This development enhances Dubai’s reputation as a solid and reliable financial hub, which is beneficial for investors seeking safe and profitable opportunities in the real estate market.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":3},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Access to Broader Markets:","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"With improved compliance standards, Dubai becomes even more attractive to international investors, including institutional investors who had previously been cautious due to concerns about money laundering risks.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":4}],"direction":"ltr","format":"","indent":0,"type":"list","version":1,"listType":"number","start":1,"tag":"ol"},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Conclusion","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"The removal of Dubai from the FATF grey list reflects the emirate’s progress in maintaining international standards. For investors, this means a more favourable climate with strict yet fair regulations, further strengthening trust in the real estate market.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1}],"direction":"ltr","format":"","indent":0,"type":"root","version":1}},"id":"66cd094c1eca5f1ef81f4d22"},{"title":"Is Dubai expensive to live in?","richText":{"root":{"children":[{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"No, absolutely not!","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Dubai is actually known for its affordability compared to Europe. Luxury is synonymous with Dubai, but it is not an expensive city.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Supermarket food is up to 30% cheaper, and everything is fresh, imported from Asia, Africa, and South America.","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Taxis and Uber are up to 50% cheaper. For example, a ride from Palm Jumeirah to Creek Harbour costs 120 Dirhams, which is only €30, even if you're stuck in traffic for an hour and a half. In the Netherlands, the same distance would cost €70, and if you're in traffic, the meter keeps running.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Five-star hotels offer real luxury for more than half the price compared to Europe. Hotels in Creek Harbour, for instance, cost just €70 per day, while in the Netherlands, you'd pay around €300 per day for comparable quality.","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"The quality certainly matches or even exceeds European hotels, as the service in Dubai is typically of a higher standard.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Fuel costs just €0.70 per litre.","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Car rentals are fully insured and more than 50% cheaper than in Europe. A Toyota SUV at Eurocar at Dubai Airport, for example, costs only €350 for 6 days. In Europe, you'd pay at least €1500 for a similar deal.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Car purchase?","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"A beautiful Jetour T2 SUV can be bought in Dubai for €36,000. It's a copy of a Land Rover, which costs €75,000 in Dubai, but it is an excellent and stylish-looking car. You'll see many of these on the roads in Dubai, and it's personally one of my favourite cars.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"For first-time buyers on a budget, you can buy a newly-built studio in Dubai for €180k, fully furnished, with parking and the latest smart home technology. In the Netherlands, a comparable apartment, without furniture or parking, would cost you around €300k.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"For those seeking more space, a 4-bedroom townhouse of 230m² in Dubai Land costs less than €535k, including all resort-style amenities, and permanent residency is allowed.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"For HNWIs (High Net-Worth Individuals) looking to invest in Dubai, the city offers the most luxurious amenities in the world. From €7000 per m², you can live in a super-luxury tower with views of the Palm. By comparison, in cities like London, Tokyo, Moscow, Singapore, or Monaco, you'd pay €20k per m² for similar luxury and location. In Amsterdam, new builds start at €15,000 per m².","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"The price per m² in Dubai is expected to rise significantly, given the enormous potential and ambitious plans the city has until 2050.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Dining out in Dubai","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Dining out in Dubai is like a culinary journey around the world. In this city of contrasts, where futuristic skyscrapers soar and traditional souks retain their charm, you'll find eateries everywhere that will tantalise your senses. What you might not expect is that dining here is surprisingly affordable. Prices are comparable to Europe, but the experience is excitingly different – and the cuisine? It's literally world-class.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Whether you choose a cosy restaurant in a hidden alley in Deira or a trendy food truck in Jumeirah Beach, the passion is everywhere. The chefs come from all over the world: from Thailand and Morocco to Italy and India. Each dish is a tribute to their roots, carefully prepared to impress even the most critical diner. And the people here are certainly critical – they expect perfection, and that's exactly what they get, even in the most budget-friendly eateries.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"That's the magic of dining out in Dubai: even in the simplest restaurants, food is prepared with sincere passion. Each dish is a culinary adventure, whether you're dining in a family restaurant by the Creek or grabbing a quick bite at a local food market. Here, it's not about luxury, but about flavour explosions that transport you to faraway lands.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"The price you pay for this world cuisine? Surprisingly affordable. For the same price as an average dinner in Europe, you can enjoy an unforgettable meal here, where chefs pour their heart into each plate, and you leave with a smile every time. Because in Dubai, it's not just about food – it's an adventure you'll want to experience again and again.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Dubai is often associated with bling, but in reality, you get a lot for very little here.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1}],"direction":"ltr","format":"","indent":0,"type":"root","version":1}},"id":"66f552997b513eac0ec32383"},{"title":"What developments are planned in Dubai over the next few years?","richText":{"root":{"children":[{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Wynn Casino Resort","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"The Wynn Casino, located on Al Marjan Island in Ras Al Khaimah, will be the first casino resort in the UAE and is scheduled to open in 2027. In addition to the casino, the resort will feature luxury hotels, restaurants, and entertainment facilities. This resort is set to become a major tourist attraction for the region.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Al Maktoum International Airport (Dubai World Central)","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"The expansion of Al Maktoum International Airport will make it the largest airport in the world, with a capacity of more than 250 million passengers per year. This project is crucial for Dubai’s growth as a global hub for trade and travel, with the first phase expected to be completed around 2025.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":2},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Dubai South","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Dubai South is one of the key development areas in the UAE. The area is being developed by companies including Emaar, and it is expected to house up to 1 million residents. Dubai South will feature residential communities, commercial and logistics zones, and become an important centre for aviation, transport, and trade. Expo City Dubai is located here, and there are ongoing developments of schools, hospitals, and shopping centres, making it a highly attractive region for expats and investors.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":3},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Dubai Silicon Oasis","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Silicon Oasis is a technology-oriented free zone and integrated city in Dubai, focused on technology companies, startups, and innovation. The area hosts numerous businesses and offers both office spaces and residential accommodations. The focus is on tech developments and R&D in sectors such as AI, IT, and e-commerce. Silicon Oasis offers businesses tax incentives and a strategic location to grow, with continuous development of infrastructure, including educational institutions, shopping malls, and recreational facilities.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"listitem","version":1,"value":4}],"direction":"ltr","format":"","indent":0,"type":"list","version":1,"listType":"number","start":1,"tag":"ol"},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"With these projects, Dubai is strengthening its position as a global leader in technology, aviation, real estate, and tourism.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1}],"direction":"ltr","format":"","indent":0,"type":"root","version":1}},"id":"66f599db92b5d67630b92058"},{"title":"How can I register for highly sought-after properties in a building? Explanation of EOI (Expression of Interest)","richText":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"How does the process work prior to the launch of a building?","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Before a project is launched, the developer sends a press release to all real estate agents. These agents then inform their clients about the project details. To secure an option on a property, you make a deposit of 40,000 AED as an Expression of Interest (EOI). With an EOI, you indicate in advance your preferences for floor, number of bedrooms, and view. The \"first come, first served\" principle applies here.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"What are some examples of recent projects?","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"A good example is the Porto Del Mar project by Ellington on Al Marjan Island, with 516 units, ranging from studios to 3-bedroom apartments. Prices started from €250,000, with views of the Wynn Casino. This project was fully sold out within 3 days of its launch on October 30, 2024.","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"All of these properties are purchased with the intention of being rented out upon completion.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1}],"direction":"ltr","format":"","indent":0,"type":"root","version":1}},"id":"66fd6b938fc0c9cb3f8a7c14"}]},"styling":{"background":"bg-white"},"settings":{},"id":"668e7d0997a0f47c5f177188","blockName":"Dubaidesk","blockType":"block-faq"},{"content":{"title":"Contact Us","form":"668d4ce85684c6dc93253459","reference":["668fa368f4bd8c0c5e1e1c90"]},"styling":{"background":"bg-light"},"settings":{},"id":"668e5c9e28151ab1aed3838e","blockName":"Form","blockType":"block-form"}],"meta":{"title":"Frequently Asked Questions for Real Estate Investors in Dubai","description":"Explore the top FAQs for investors in Dubai. 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Neem direct contact op met ons voor vragen. Vul op deze pagina het contactformulier in. 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ROI upon sale = 264,800 188,700 × 100% = **140%**