A luxury neighborhood Dubai Hills in Dubai. Benefits of the area highly valued by the expats. Number of positive characteristics of Dubai Hills for the residents.
Unstable economic and social situations in the world make people emigrate from one country to another. Thanks to the beneficial governmental policies of the UAE in terms of real estate purchase, the country is open to expats. It’s a place that attracts expats from all over the world.
Statistics show that more than 80 percent of the population is the citizens of the UAE. A huge influx of investment and labor has been created by popular neighborhoods of Dubai, such as Downtown Dubai, Dubai Marina, Palm Jumeirah, Dubai Hills, and so on.
Investments in apartments in Dubai Hills for expats are among the top choices in 2023. But what does the neighborhood offer to the residents? Let’s find it out.
High standards of living in Dubai Hills
Speaking about Dubai Hills, the first things important to mention are the landscaped greens with lush grass and immaculate fairways against the backdrop of the iconic Burj Khalifa skyscraper and the outline of Dubai. The neighborhood of Dubai Hills is developing every day and strives for being the most pleasant place for life in the UAE.
When completed, the area will offer a developed and modern society, an excellent health care system and a number of services and facilities that minimize culture shock when moving.
Taxation in Dubai Hills
The UAE is known as a tax-free country that does not impose any additional payments on the real estate buyers. However, the state of affairs is not as straightforward as it seems. To make the situation clear, it is important to become aware of all the conditions of taxation in the UAE.
Taxes that are absent in the UAE
The UAE does not impose income, capital gains or inheritance tax on individuals.
Another no less attractive initiative offered by the UAE for expats includes provision for relatives and friends after the expat’s death. Expats, in the event of death, can bequeath the remaining pension funds without being charged inheritance tax by the government.
In brief, the UAE has no annual property tax, no capital gains, inheritance or gift taxes, and no income or corporate taxes. This applies to both individuals and legal entities. There is also no difference in taxation for residents and non-residents.
Obligatory taxes in the UAE
- Tax rates when buying real estate
- Tax on the transmission of the property ownership (transfer fee)
- Registration fee
- Fee for the issuance of a certificate of ownership
- Additional fees on optional services
Transport accessibility
The location of the new luxury district of Dubai is very well chosen, it is only three kilometers from the central business part of the city and is connected to it by a major transport artery. It takes only 10 minutes to get from here to the main attractions, entertainment and shopping centers and the International Airport.
The area is rapidly developing mansions and townhouses, and the infrastructure will include everything you need for comfortable living and recreation.
High level of security
Dubai Hills is a neighborhood that boasts of a high level of security. Such an approach to guarding the lives of the residents is implemented on the whole territory of the UAE. Crimes of any level are rare because the legislation imposes severe penalties and even deports those who have broken the law.
Constant development of the real estate market
Dubai Hills is a neighborhood under construction where new residential and commercial buildings are constantly being erected. If you invest in property in Dubai Hills, you obtain the full ownership and can resell or rent out depending on your desire.
Speaking about the prices, it is quite obvious that they greatly depend on location, footage, number of amenities, design, and other important characteristics. Real estate in the seaside areas and in the center is much more expensive than in other sectors. But no matter how it is, it is easy enough to choose a suitable option for real estate, both for life and for business at a reasonable price.
If you do not want to buy it, you can always rent it. AX CAPITAL real estate agency provides outstanding opportunities on property buying and offers affordable pricing and high level of quality. Address the professionals and they will select a suitable housing unit, appropriate for your needs, desires, and budget.
The final word
Dubai Hills is a perfect area for those expats who are looking for greenery and fresh air in a huge metropolis. Good living conditions combined with a pleasant financial system guarantee a positive experience of real estate ownership in luxury Dubai.
