Off-plan refers to real estate in the preliminary or initial stage of construction. That is, it is property under construction.
Yes, according to UAE law (Law No. 26 of 2007), citizens of other countries can rent out their property. Renting can be done independently or with the assistance of a licensed company.
For profitable investments, consider purchasing apartments in business districts like Downtown, Business Bay, and Al Wasl, or tourist-populated areas such as Beachfront, Dubai Marina, and Jumeirah. Families seeking a peaceful environment may prefer quieter locations like Dubailand, JVC, JLT, and MBR City. For sophisticated buyers with high incomes, luxury options are available, including Damac Lagoons, Dubai Hills Estate, and Damac Hills.
As of the second half of 2023, the cost of a studio in Dubai in new buildings is from $120,000.
As of Q2 of 2024, the average cost of an apartment in Dubai is about $. Depending on the neighborhood of Dubai, prices can range from $150,000 to $ $450,000 and from $350,000 to $700,000 by the sea and beaches.
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