Real estate in UAE

In case you decide to come for a familiarization tour and unpack North Cyprus for a real estate purchase, we guarantee you our assistance and accompaniment all the way.

Cyprus is an island in the Mediterranean Sea, which means you can only get here in 2 ways: by air or by sea.

– Ercan Airport

There is one operating airport in Northern Cyprus. It is located 25 km from the capital Nicosia, 35 km from the city of Kyrenia and 50 km from Famagusta.

According to unconfirmed reports, it is said that Russian airlines will soon fly there. So far there are no direct flights and all flights to Northern Cyprus and back are made only through Turkey.

– Greek Cyprus airports

There are 2 airports on the South side of the island: in Larnaca and in Paphos. The closest airport to Northern Cyprus is Larnaca.

It is about an hour by car from the border. In order to fly to South Cyprus, you need a valid multiple-entry Schengen visa (no visa is needed to visit North Cyprus!).

– By ferry

From Tashuju you can get to Kyrenia, from Mersin you can sail to Famagusta, and there are also cruises from Alanya.

An additional plus will be that this way you can transport your car to the island.

Residence permit in the UAE is a resident visa for a period from 1 to 10 years, depending on the basis of its receipt. Over time, holders of UAE residence permits, large investors, highly qualified specialists can obtain a UAE passport and become citizens of the country.

Grounds for registration of residence permit in the UAE:

Residency for family members

A UAE resident can apply for a residence permit for his or her marital partner, children and parents if there is a stable income of at least 4000 AED (1090 USD) per month if renting a home or 3000 AED (817 USD) if owning real estate.

Acquisition of real estate

You can get a residence permit for 10 years if you buy real estate worth at least 2 million AED (about 545 000 $). It is worth considering that in 2023 canceled the ban on the purchase of housing in the mortgage, as well as at the construction stage.

Resident visa for 2 years is issued for the purchase of real estate worth at least 750 000 AED (about 205 000 $). To apply for a residence permit, the investor must prove a monthly income of 10,000 AED ($ 2723). Property can be purchased only in Dubai, in the freehold-zone, and it can not be mortgaged.

Investment in the economy of the state

An immigrant who has invested in the economy of the state in the amount of 2,000,000 AED (545,000 USD), is eligible for a 10-year Golden Visa. The applicant must document full ownership of this capital, annual tax payments of at least 250,000 AED (68,000 USD) and have health insurance policies for each family member.

Starting a business

You can obtain a residence permit in the Emirates for a period of 1-3 years with the right to extend it by investing in the creation of a business from 70,000 dirhams (19,060 USD) and complying with a number of requirements and conditions.

To obtain a residence permit for a longer period of time and legally live and work in the UAE, you need to create your own business or work as a partner of a company registered in the Emirates. Entrepreneur visa is issued on condition of appropriate investments:

– 5 years when establishing a company with a minimum investment of AED 2,000,000 (544,500 USD);

Issued to applicants, their family members and three executive directors of the established company.

– For 10 years when establishing a business with a capital of 10,000,000 AED (2,722,570 USD) or more;

– 10 years for partnership with a financial stake of AED 10,000,000,000 (USD 2,722,570) or more in an existing company.

Employment

This resident visa is issued for a period of 1-2 years for employment under a contract and by invitation from an employer. The employer’s company must be registered and located in the Emirates. Entry permit is issued for 2 months, registration and issuance of residence permit is carried out after the arrival of the employee in the country. The resident together with the residence permit receives an Emirates ID card and a labor card.

Study

Enrollment in a UAE university is the basis for obtaining a student resident visa for 1 year, renewable if financially secure. Parents are eligible to sponsor a student son until the age of twenty-five and a daughter until marriage. Sponsors may be residents of the UAE.

Ras Al Khaimah is one of the emirates of the United Arab Emirates that offers prospects and benefits for real estate investment. When talking about investing in housing, there are a number of advantages:

Real estate market growth: Ras Al Khaimah is one of the fastest growing regions in the United Arab Emirates. The real estate market here is growing, which can provide lucrative investment opportunities.

Real estate ownership: An important advantage of Ras Al Khaimah is the presence of freehold – areas where housing can be purchased with the right of full ownership.

Rental properties: Ras Al Khaimah attracts many tourists and workers, which creates a demand for rental properties. You can earn income by renting out your property.

Infrastructure development: Ras Al Khaimah authorities are actively investing in infrastructure development such as roads, transportation network, tourist facilities and other facilities. This may lead to higher real estate prices in the future.

Tax incentives: The United Arab Emirates offers tax incentives for investors, including no tax on real estate income. This can make investing in real estate in Ras Al Khaimah more financially attractive.

Partial subsidization of the registration fee: In the UAE, the fee on the purchase of real estate is 4% of the transaction value. However, in Ras Al Khaimah, 2% is paid by the developer. And if in Dubai, for example, such a scheme is optional, for example, the developer wants to attract the buyer a nice bonus, here it is enshrined in law.

The United Arab Emirates is one of the most sightseeing-rich places in the world. They offer a huge variety of cultural and entertainment activities for every taste. In this article we will consider 5 places, visiting which you will not remain indifferent to this country!

Jumeirah Palm is an artificial island in the shape of a palm tree located in Dubai. The island is known for its luxurious hotels, restaurants and stores. You can enjoy the beaches, swimming pools and various activities offered on the island. Apart from this, it is also home to Aquaventure water park where you can swim with dolphins and ride water slides.

Burj Khalifa is the tallest building in the world located in Dubai. It is about 828 meters high and is one of the most famous landmarks in the UAE. You can go up to the observation deck on the 148th floor and enjoy stunning views of the city. There are also luxury hotels, restaurants and stores inside the building.

A desert safari is a unique opportunity to experience the desert landscape of the UAE. You can go on a jeep safari where you can enjoy thrilling rides through the sand dunes, as well as the opportunity to ride camels. During the safari, you can enjoy a traditional Arabian open-air dinner, watch the desert sunset and enjoy belly dancing and other entertainment.

Dubai Aquarium and Underwater Zoo is one of the largest aquariums in the world, located in Dubai Mall. Here you can see a variety of marine life including sharks and stingrays. The aquarium also offers the opportunity to dive underwater and explore the underwater world in the underwater zoo. You will be able to observe fish and other marine animals through huge glass walls.

The Dubai Fountain is the largest musical fountain in the world, located at the foot of the Burj Khalifa. There are exciting fountain shows daily, accompanied by music and lighting effects. The fountain is synchronized with music of different genres and it reaches a height of 150 meters. You can watch this stunning show from the waterfront or from restaurants overlooking the fountain.

A trip to the UAE promises to be exciting and unforgettable!

The United Arab Emirates (UAE) consists of seven emirates, each with its own unique history, culture and attractions. Let’s take a closer look at each emirate:

Abu Dhabi: is the capital of the UAE and the largest emirate. It is home to the presidential palace and government offices. Abu Dhabi is famous for its luxury hotels, gorgeous beaches and sporting opportunities. Famous attractions include the Sheikh Zayed Mosque, the Emirates Palace and Yas Island, home to the Formula 1 circuit.

Dubai: The most famous emirate, attracting millions of tourists every year. It is home to high-rise skyscrapers, luxury shopping centers and many architectural wonders. Dubai is famous for its luxury hotels, lavish nightclubs and shopping opportunities. Here you will find the Burj Khalifa, the tallest building in the world, the Palm Jumeirah Island and the Dubai Fountain.

Sharjah: The second largest emirate located in the north of the UAE. Sharjah is famous for its museums and cultural attractions. Here you will find Sharjah Artificial Island, the perfect place to relax and unwind.

Ajman: A small and cozy emirate located on the coast. Ajman is known for its sandy beaches and traditional fishing boats called dhows. Here you can visit the Ajman Museum to learn more about local history and culture.

Umm al-Qaiwain: An emirate known for its beautiful beaches and water sports facilities. Here you will also find a museum where you can learn about the history of the region.

Ras Al Khaimah: Located in the north of the UAE, the emirate of Ras Al Khaimah is famous for its sandy beaches, mountains and natural scenery. Here you can visit the Ras Al Khaimah National Museum and enjoy the beauty of the Shamal Nature Park.

Fujairah: The emirate, located in the east of the UAE, is known for its beautiful beaches and snorkeling and diving opportunities. Here you can visit the Fujairah Fort and enjoy the beauty of the Hajar mountain range.

Each emirate of the UAE offers its own unique recreational opportunities. Together they form a fantastic country rich in history, culture and luxury.

Real estate value growth:

Investing in UAE real estate can lead to an increase in the value of the investment. According to data, real estate values in the UAE are increasing over time. This can be especially attractive to investors looking for long-term investment opportunities.

Yield:

Investing in UAE real estate can provide stable and high returns. According to the source, rental income from UAE real estate can be as high as 8-10% per annum. This can be attractive for investors who are looking for a source of passive income.

Security and stability:

The UAE is known for its stable economy and political situation. This creates a favorable environment for real estate investment. The source indicates that the UAE has long-term development plans and is aiming to become one of the world’s leading economies. This may increase the likelihood of rising real estate values in the future.

Residency opportunities:

Investors who purchase real estate in the UAE for a certain amount may be able to obtain residency. This can be attractive to those who want to be able to live and work in the UAE.