The residential development Selene Beach Residence, situated on the natural island of Sobha Siniya with a total area of 90 million square feet, comprises four majestic towers.
The estate agency LEXXUS NORTON specialises in the sale of property in Dubai, and we would like to explain why now is the ideal time to purchase a flat in this area, particularly from the perspective of legislation and legal certainty.
Market openness to foreign investors
Dubai ranks among the cities with the most welcoming approach to foreign investors. Whilst in many other countries property purchases by foreigners are restricted, Dubai allows full ownership of property in so-called freehold zones. These zones enable foreign buyers to own property in its entirety and without any time restrictions. This means that, as an investor, you have 100% ownership rights without the need for a local partner or sponsor.
No income tax or capital gains tax
One of the biggest attractions of investing in Dubai is the zero tax burden on rental income and capital gains. This means that if you purchase a flat in Dubai and decide to let it out, all rental income is tax-free. Similarly, when you subsequently sell the property, you will not have to pay any tax on any profit made, which makes Dubai a very attractive place to invest, particularly for investors seeking long-term growth on their capital.
A stable and modern legal system
Dubai boasts a modern and transparent legal system that provides adequate protection for foreign investors. The property market is regulated by the Dubai Land Department (DLD), a government body that oversees the transparency and legality of all property-related transactions. This system ensures that all contracts and transactions are conducted fairly, thereby reducing the risk of fraud or legal complications. For investors, this means a peaceful and secure investment environment where all rights are clearly defined and protected. Furthermore, in collaboration with the RERA (Real Estate Regulatory Authority), it is ensured that all construction projects are duly approved and subject to strict regulatory standards.
Selene Beach Residence offers breathtaking sea views and a unique design.
A simplified process for obtaining a residence visa
Owning property in Dubai can also provide investors with the opportunity to obtain a residence visa. A three-year residence visa is available to investors who purchase a property worth at least 750,000 AED (approximately 4.5 million CZK). This visa allows for long-term residence in Dubai and access to the associated benefits, including better access to financial services, healthcare and education.
Favourable financing and mortgage options for overseas buyers
The Dubai government supports overseas investors through an accessible and transparent financing system. Many banks and financial institutions offer favourable mortgages to foreign buyers as well. This enables investors to finance a property without having to pay the full amount up front, which can be a key factor in spreading the cost of the investment.
Rapid growth and property appreciation
Dubai is becoming one of the fastest-growing property markets in the world.
Given the growing demand for high-quality properties, its appeal as a destination for tourism and business, and the ongoing expansion of infrastructure, significant capital appreciation can be expected. All of this enhances the appeal of property in Dubai not only for rental income but also for long-term capital appreciation.
An advantageous combination of legislative stability and investment potential
Dubai offers a combination of legislative advantages and tax incentives, making investing in property not only profitable but also secure. LEXXUS NORTON estate agents will help you find the right, tailor-made flat to meet your investment expectations. If you’re considering investing in property abroad, Dubai is one of the best places to maximise your returns and benefit from favourable legal conditions.
