Introduction
The United Arab Emirates (UAE) is a sought-after destination for real estate investments. With its modern infrastructure, dynamic economic climate and luxurious living opportunities, the UAE attracts many international buyers, including many Germans. This article provides a detailed overview of buying real estate in the UAE and introduces Andreas and Mariam Schmidt from our real estate agency Estatly as the first port of call for German expats.
Why invest in the UAE?
- Economic stability:
- The UAE, particularly Dubai and Abu Dhabi, have established themselves as important economic centers.
- A stable political climate and a growth-oriented economic policy contribute to its attractiveness.
- Tax advantages:
- In the UAE, there is no income tax, no capital gains tax and no wealth tax, which makes the purchase of real estate particularly attractive.
- High standard of living:
- Modern infrastructure, first-class healthcare and educational facilities as well as numerous leisure opportunities make the UAE an attractive place to live.
- Growing real estate market:
- The real estate markets in Dubai and Abu Dhabi offer a variety of options, from luxurious villas to modern apartments.
Steps to acquire real estate
- Market research:
- Before you buy a property, it is important to understand the market. Find out about the different regions and their specific advantages.
- Budget and financing:
- Set your budget and decide whether you want to pay cash for the property or need financing. The UAE also offers mortgages for foreigners.
- Selection of the property:
- Decide what type of property you would like to buy - whether an apartment, villa or commercial property.
- Legal considerations:
- Make sure you understand all the legal requirements and regulations. It is advisable to consult a lawyer who specializes in real estate law.
- Conclusion of contract:
- Once you have selected a property, the contract is concluded. This process includes the signing of a purchase contract and the payment of a deposit.
- Transfer of ownership:
- After payment, ownership will be officially transferred to your name. This will be registered with the Dubai Land Department or the equivalent office in other emirates.
Role of the real estate agency Estatly
Our real estate agency Estatly, represented by Andreas and Mariam Schmidt, offers comprehensive support for German expatriates who wish to purchase real estate in the UAE. Andreas and Mariam Schmidt are the first point of contact for German clients:
- Individual advice:
- Andreas and Mariam Schmidt have extensive experience in the UAE real estate market and offer tailor-made advice to meet the individual needs and wishes of their clients.
- Market expertise:
- They know the best locations and the latest market trends to ensure that clients make the best possible investment decisions.
- Legal support:
- Andreas and Mariam assist with all legal aspects of real estate acquisitions, including preparing and reviewing contracts and ensuring compliance with all legal requirements.
- Comprehensive service:
- Andreas and Mariam are at their clients' side from the first contact to the viewing of the property to the completion of the purchase and beyond.
Examples of successful investments
Estatly has helped many German expats to find their dream property in the UAE. One example is the Müller family, who purchased a luxurious villa in Dubai thanks to the support of Andreas and Mariam Schmidt. The family particularly appreciates the professional and personal support they received throughout the entire buying process.
Buying real estate in the UAE offers many benefits, from tax relief to a high standard of living. With the right preparation and support, the process can be smooth and rewarding. Andreas and Mariam Schmidt from our real estate agency Estatly are the first port of call for German expats, offering comprehensive support to ensure that buying property in the UAE is a success. Whether you are looking for a luxurious villa or a modern apartment, Estatly is here to help and advise you.
