Buying Property in Dubai: PROS AND CONS
Buying real estate abroad, especially in resort countries, has always attracted our compatriots. Many of them chose to buy in Dubai. What made them choose this particular city? Buy an apartment in dubai is rather problematic remotely, but this will help you with specialized services. We tried to look at all the pros and cons of buying property in Dubai. So, the arguments "pros" and "cons"...
PLUS SUN, SEA AND SAND
Dubai is a world-famous year-round tourist destination for families and active holidays, beckoning with its warm sunny climate, white sandy beaches and azure waters of the Persian Gulf. In Dubai, more than 345 days a year are sunny. Warmth and sunshine are in abundance here in both summer and winter. In summer the average temperature is about + 40 ° C, in winter - +20-23 ° C during the day and about +15 ° C at night. During the summer months, especially in July and August, of course, it is hot, but the rest of the time the weather in the Emirates is very pleasant. Especially in autumn and spring, when you can spend most of the day outdoors most comfortably. It rains rarely, mainly from November to March. The amount of rainfall is about 120 mm per year. The temperature of the sea water on the beaches of Dubai rarely drops below +25 ° C. The only exception is during the winter months, when the sea can cool to +20 degrees. Severe storms in the Gulf are extremely rare. Most of the year, the sea is calm, the wave height along the coast does not exceed 0.5 m.
PLUS TRANSPORT ACCESSIBILITY
Geographically, Dubai is located very favorably. Within a 4-hour flight from Dubai lives one-third of the world's population. Dubai International Airport is located within the city, so the transfer from the airport takes no more than half an hour.
PLUS DEVELOPED INFRASTRUCTURE AND QUALITY OF LIFE
Dubai - the most modern metropolis. Many call it the "city of the future," and they are not far from the truth. Amazing city, grown on the edge of the desert, as if created in order to capture the imagination of man. Skyscrapers reaching up into the clouds, huge airports, ultra-modern subway, operating without a driver, amazing shopping malls with real ice rinks and downhill skiing... Everything is created for maximum comfort. Developed network of roads of the highest quality is almost devoid of such a defect as traffic jams, although for two million inhabitants of Dubai there are more than one million cars.
The United Arab Emirates, and Dubai in particular, is widely known for its high level of personal security and social stability. At a time of global tensions and an ever-increasing wave of unrest around the world, the Emirates remains an island of security and safety in the region. This is largely due to the strict immigration policy of the authorities. It is no secret that Emirati citizens constitute only about 15%, while the rest of the country's population are expatriates who need to obtain and periodically renew UAE residency status, in accordance with the established rules.
MINUS THE CULTURAL PECULIARITIES
Dubai is a modern multicultural metropolis where people of different nationalities, cultures and religions live hand in hand. Dubai is the most loyal of the seven emirates of the federation to foreigners, and the local population here is less than 10% of the population. Nevertheless, the UAE is officially a Muslim country with its own laws, customs and traditions, which imposes a certain imprint on the daily life of the population.
MINUS REAL ESTATE MAINTENANCE COSTS
The property owner in Dubai is responsible for the proper upkeep of his property and must pay for its maintenance set by the property management company or by the HomeOwners Association (if any). Maintenance fees include the cost of guarding the building, cleaning common areas, garbage collection, and maintaining infrastructure. Typically, such fees are charged annually and for Dubai is, depending on the project, anywhere from $20 to $80 per square meter per year. When property is rented, the cost of its maintenance is covered by rental income. However, if the property is not rented out, its maintenance costs must be taken into account, regardless of whether it is used or not.