What are the purchasing costs?
Purchasing costs are 1.5%. This is attributed to land search fees. This is the only costs on completion.
Is it possible to rent the property out?
Yes and we will provide you with assistance should you decide to complete on the property
Is the title of the property leasehold or freehold?
Freehold
What sort of capital growth has been experienced in the area and what are the prospects?
Capital growth has been substantial in Dubai with returns in excess of 75% not uncommon in the first few years. Although this has reduced as the market has become more mature (and much less risky) the returns on similar projects from the our exclusive Developer are around 34.3% anualised from 2005 to date.
What rental yields can be expected?
Returns of 23% are being seen by similar resorts which have been completed with the Dubai developer that we work exclusively with.
What rental tax is payable?
None
What Capital Gains Tax is payable of selling my property?
None
What Inheritance Tax is payable?
None
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