UAE is quite an exotic destination and having any kind of a property there might seem like a dream come true. Foreigners are now allowed to buy freehold properties in certain areas in Dubai and to invest in new developments, which include the famous The Palm, The Greens, Emaar Towers, etc. Nationals from the Gulf cooperation Council can buy freehold properties without restrictions in terms of the place. The additional costs, associated with purchasing properties in Dubai are considered very low and include title deed, registration fee and real estate agent’s fee.
Prices of properties in Dubai are still going down
In recent years there was a surge on the property market in Dubai, however this year the specialists has noted that residential property prices have fallen down compared to 2015. The decline for apartments was a bit more than 5%, while villa prices saw a reduction of more than 6% for the same period. Perhaps, now is the right time for anyone who wants to enjoy the exotic beauty of this country to buy their new home. It is interesting that in recent years Indian, British and Pakistani nationals were among the most active buyers of residential housing properties.
What do you need to know if you have a property in Dubai?
There are some curious facts and some important information that is good to know if you are going to become the proud owner of a new home in Dubai. Souks are traditional markets in Dubai and souk shopping was famous much before the coming of malls. There is an enormous Gold Souk in Dubai, which comprises 300 stores, which gave the city its moniker – the City of Gold. Another interesting but rather crucial fact is that liquor is sold only in hotels and restaurants and you need a special license in order to be able to buy it. So, before getting your dream home in Dubai, please take into account the cultural differences as well.
Where to purchase a property in Dubai?
Most of the foreigners tend to buy new developments in Dubai and we already mentioned that The Palm is one of the most attractive places. There is no big difference in terms of prices or conditions no matter in which part of Dubai you purchase your new home. If you buy an apartment with the idea to let it, then you should now that rental yields are neither high, nor low.
You can have a better idea of what Dubai has to offer, if you visit our site
https://www.domaza.co.uk/properties_in_dubai/ .
It is not expensive to buy 
