What is the most attractive place in Dubai?

What does Dubai real estate rely on to attract investors from all over the world?

A trip to the United Arab Emirates (2)

To ask where the real estate is the hottest in the world today, it should be Dubai in the United Arab Emirates. When you arrive in Dubai, you will find that Dubai is a big construction site under construction. Skyscrapers have sprung up and villas are all over the floor. Real estate has become one of the pillar industries in Dubai. According to the statistical data of 2007, the proportion of real estate and its business services to GDP is 1 1.4%, and the proportion of construction industry closely related to real estate to GDP is 23.7%. According to the data of 2006, Dubai's real estate investment has reached $65,438+0 trillion. In 2008, the population of Dubai was 2.26 million, of which the domestic population was less than 20%, and more than 80% of the population came from other Gulf countries and other countries in the world. Because Dubai has a small population and good social welfare, people can get free land and 30-year interest-free loans to build houses, and there is no need to buy commercial housing from the real estate market at all. Therefore, Dubai's fast-growing real estate target is foreign buyers and investors.

In 2004, Dubai real estate began to open to foreigners, and foreigners can buy houses in the "free zone" designated by the government. It is not easy for foreigners to buy a house in a desert town. What does Dubai rely on to attract foreigners to buy houses?

First, relying on policies

1. Permanent family visa

Foreigners who buy a house in Dubai can get a permanent family visa granted by the government, that is, a green card. The permanent visa for the whole family does not include their parents and children over 18. Permanent visas are renewed every three years.

2. Property right guarantee

Foreigners who buy a house in Dubai can get permanent property rights or 99-year property rights. 1999 can continue after the property right expires. These two kinds of property rights can be inherited, resold, transferred, mortgaged and other property rights transfer or commercial operations. When transferring property rights, only 2% transfer fee is required.

3. tax exemption

Dubai is a tax-free emirate (except banking). There is no tax on enterprises and individuals. Enterprises do not have business taxes such as business tax, income tax and value-added tax. Individuals have no income tax. There is no property tax or other real estate tax on the property. In this way, the income gained by foreigners investing in real estate in Dubai can be attributed to themselves.

There is no interest on mortgage during the auction.

Most of the properties in Dubai are auction houses, which are usually delivered within 2-3 years. After the purchaser pays 10-20% down payment, the developer can arrange the remaining house payment and obtain an interest-free house purchase loan from the bank for 2-3 years. Buyers will pay mortgage interest in installments within 2-3 years after the auction house is completed, unlike China who has to pay mortgage interest during the auction house. During this period, the buyer can resell the auction house and mortgage it. These two methods are particularly beneficial to real estate buyers, because the use of interest-free loans can reduce the cost of real estate speculation to a minimum.

5. Free entry and exit of foreign exchange

Dubai has no control over foreign exchange, and foreign investors are free to enter and leave Dubai.

Second, rely on facilities.

For high-end houses, swimming pools, saunas, gyms, children's playgrounds and other facilities are generally provided. For apartment buildings, these facilities are generally built on the roof, and these facilities are free to the owners.

Third, rely on the environment.

Residential areas are generally decorated with green spaces. Fresh water, which is more expensive than gasoline, is desalted, and through drip irrigation, green grass, flowers and trees are raised. In order to create an unparalleled effect, Dubai has created an artificial island shaped like palm leaves and an artificial island shaped like a map of the world through artificial reclamation. Let people have the opportunity to experience the island life surrounded by seawater. This project is called the eighth wonder of the Palm Island Project.

Palm Island Project includes three palm islands (Palm Island, Alishan Island and Palm Island) and four island groups. It is planned to build 65,438+2,000 private houses and more than 0/000 apartments/kloc, including more than 0/000 luxury hotels, ports, water theme parks, restaurants, shopping centers and diving places/kloc. In addition, an underwater hotel, the tallest skyscraper in the world, an indoor ski resort and a main park the size of Dubai are also planned.

The islands of Palm Island are connected by underwater tunnels, and they can communicate with each other by car. Palm Jumeirah Island, which started on 200 1, is one of the largest land transformation projects in the world, and it is expected to be fully completed on 20 10/. "Palm Jumeirah Island" will be built into a maritime city, which can accommodate more than 60,000 households, and more than 50,000 service personnel are distributed in 32 hotels and dozens of shopping malls and amusement places throughout the island, providing various services for islanders. The Dubai government estimates that Palm Jumeirah will attract 20,000 tourists every day, which is almost a buy-one-get-one-free service. Most of the properties on the island were snapped up five years ago. The owners include famous British stars Beckham and Owen, among which the British account for the largest proportion. Now you can see a few owners living on the island. At present, apartments on the island start at RMB 30,000 per square meter. The other two palm islands are still in the initial construction stage.

The striking "World Island" project started construction in September 2003. In the sea area 4 km away from Dubai coast, 9 km long and 7 km wide, 300 artificial islands were built according to the world map. All the islands are named after place names, such as "China" and "England". The distance between the islands is about 50- 100 meters, and helicopters and ships are used for transportation. The islands are submerged at 16 meters, and exposed for 3 meters. Due to the size and location of the area, the prices vary. The smallest island sells for $6.3 million, and the largest sells for $37 million. The chairman of a developer in Zhejiang bought the "Shanghai Island" with a world island area of about 30,000 square meters for $28 million.

With attractive policies, supporting facilities and unique environment, Dubai welcomes investors from all over the world with open arms.