Offshore company in Dubai / UAE who?

[JustAnotherNomad]

He can open EUR accounts for anyone, he’s a sponsor here...

 

[Davis123]

You can't open a local bank account for UAE offshore company unless you're not a sheik or you have an 8 figure bank balance.

The best option is to go with a reliable free zone company with a residency visa. It will cost around $10k per year(yes there are $5k alternatives but that's why I said a reliable free zone).

Once again it all depends on your budget and type of license you require. DMCC and Jebel Ali are very reputable and expensive jurisdictions but worth their weight in gold. You can open up a trust also to setup those companies which can make life easier for your beneficiaries in future. With DMCC and Jebel you can invest in Dubai properties too which are now a bargain for European/Indian investors as of the moment as they have never been cheaper in the past as they are right now. Remember usd is on decline and UAE AED is pegged to it so think all your options.

 

[JustAnotherNomad]

Haven’t property prices in Dubai fallen for years? Why would they stop falling now?

 

[Davis123]

Investors are investing still in UAE markets as due to Covid 19 prices have never been that low. We believe once Covid 19 problem is resolved prices will go up again phenomenally. Investors who look for bargain prices are getting them all over the world at bargain prices to move their money from fiat currencies and cryptos. Like gold, foreign real estate is very good and safe for investors.

 

[Garret Gates]

Investors are investing still in UAE markets as due to Covid 19 prices have never been that low. We believe once Covid 19 problem is resolved prices will go up again phenomenally. Investors who look for bargain prices are getting them all over the world at bargain prices to move their money from fiat currencies and cryptos. Like gold, foreign real estate is very good and safe for investors.

Do you know in UAE you can buy real estate for 99 years only, after you or your children shall have to make renew with the same price. And Once you bought it. you’ll never have a chance to sell it with the same price even. That’s kinda overvalued illiquid.

 

[Davis123]

Investors are investing still in UAE markets as due to Covid 19 prices have never been that low. We believe once Covid 19 problem is resolved prices will go up again phenomenally. Investors who look for bargain prices are getting them all over the world at bargain prices to move their money from fiat currencies and cryptos. Like gold, foreign real estate is very good and safe for investors.

 

[Davis123]

That's leasehold law not freehold law where it's indefinite. Leasehold maybe 99 years or shorter. I work in real estate and I am also invested in Dubai myself.

 

[JustAnotherNomad]

But prices in the UAE have been declining for years. I’m sure they have gone down a lot now, but why would they go back up now, instead of continuing the previous downward trend, especially considering many expats have lost their jobs? I’m honestly curious, I am open to the idea of investing in real estate.

 

[Davis123]

But prices in the UAE have been declining for years. I’m sure they have gone down a lot now, but why would they go back up now, instead of continuing the previous downward trend, especially considering many expats have lost their jobs? I’m honestly curious, I am open to the idea of investing in real estate.

You have to think like an investor. Andrew Henderson of Nomad capitalist is also advising people to invest in foreign real estate which are at bargain prices all over the world. Once Covid 19 is resolved as vaccines are in the pipeline already , Emirates airlines is going to be fully functional and people are going to back to their normal lives. Prices are going to go high. Invest in bad times and reap in good times.

 

[Garret Gates]

That's leasehold law not freehold law where it's indefinite. Leasehold maybe 99 years or shorter. I work in real estate and I am also invested in Dubai myself.

I had a talk with several estate agents and they don’t mention about any rent and etc, we had a talk about BUYING real estate and the most of them try to keep silence about 99 years of ownership. This one you can see the contract, once you pay attention to this rule, the most of them trying to offer other options on islands like “the world” and bla bla, in this case you can buy it forever and pass to your children before you die.

 

[Davis123]

I own freehold properties myself and I have been through the purchase title deeds myself with the lawyer. I am posting a simple google search link but people I am sorry working for real estate and they don't understand laws.
https://www.bayut.com/mybayut/buying-leasehold-freehold-property-uae/

 

[Davis123]

I had a talk with several estate agents and they don’t mention about any rent and etc, we had a talk about BUYING real estate and the most of them try to keep silence about 99 years of ownership. This one you can see the contract, once you pay attention to this rule, the most of them trying to offer other options on islands like “the world” and bla bla, in this case you can buy it forever and pass to your children before you die.

They must not have any clues like most expat real estate agents working here unfortunately. I know this market really well and laws before I invested myself.

 

[JustAnotherNomad]

You have to think like an investor. Andrew Henderson of Nomad capitalist is also advising people to invest in foreign real estate which are at bargain prices all over the world. Once Covid 19 is resolved as vaccines are in the pipeline already , Emirates airlines is going to be fully functional and people are going to back to their normal lives. Prices are going to go high. Invest in bad times and reap in good times.

Exactly, I could invest all over the world, so why would I invest in Dubai? I said prices were falling BEFORE Covid, Covid just made it worse. So my question is, why would it suddenly go way up, instead of bouncing back a few percent (close to where prices were before Covid), and then keep declining from there? You didn’t answer that at all. Doesn’t exactly instill trust in a market.

 

[Davis123]

Exactly, I could invest all over the world, so why would I invest in Dubai? I said prices were falling BEFORE Covid, Covid just made it worse. So my question is, why would it suddenly go way up, instead of bouncing back a few percent (close to where prices were before Covid), and then keep declining from there? You didn’t answer that at all. Doesn’t exactly instill trust in a market.

Then don't invest here. Let us reap the profits. You have your own choice dear in life . Many are coming here to invest especially ones from Canada, India, UK and USA we have many queries specifically from those countries these days. Investors want quick returns, scared of US stock markets these days as they are hyperinflated and need a correction badly. Just like some invest in Gold, bonds, stocks real estate is an investment for many and it gives safer returns than all of the above species but don't buy on mortgages as many in US real estate are having issues in paying their mortgages as landlords. Only buy an investment real estate if you have extra cash. Whether be it Dubai or any where in the world. Good luck.

 

[JustAnotherNomad]

Why is it so difficult for you to answer a simple question? I completely agree that real estate is an interesting investment, especially in these times. I only asked why you think Dubai is such a good market instead of somewhere else, given that prices have been falling before Covid already. I was simply expecting you to have a good answer. But your answer is “other people are buying here”. Is that all?

 

[CaptK]

But prices in the UAE have been declining for years. I’m sure they have gone down a lot now, but why would they go back up now, instead of continuing the previous downward trend, especially considering many expats have lost their jobs? I’m honestly curious, I am open to the idea of investing in real estate.

You can pick up some good 1 bed flats in places like the Marina for 60K and they will net you 9-10% return. TAX FREE..........
If you are bullish you can pick them up for 55-50K then your ROI increases.

The UK is also great place to invest, the returns are are about 5-8% but they have great capital appreciation which can be managed efficiently if you structure it right at the beginning.

If you get into refurbishment and development then your you can net bigger rental returns and or profits on sale.

 

[Davis123]

Why is it so difficult for you to answer a simple question? I completely agree that real estate is an interesting investment, especially in these times. I only asked why you think Dubai is such a good market instead of somewhere else, given that prices have been falling before Covid already. I was simply expecting you to have a good answer. But your answer is “other people are buying here”. Is that all?

Dubai is the hub of Emirates Airlines. It has an international presence in the world. Tourists from all over the world come here or pass through. They won't let it die away. It has been though bust and boom periods. Too much construction and speculation brought the real estate crashes in 2008, past few years and 2020 due to Covid 19 but construction has now been put on hold and big construction industries are rethinking their portfolios. Due to OECD tax/BEPs strangulation and influx of rich EU citizens passing in and out of here to fool their tax man resulted in problems too for UAE. Secondly 2008 was a very bad period for USA too. UAE economy will bounce back as soon as Expo 2020 is held.

 

[CaptK]

Why is it so difficult for you to answer a simple question? I completely agree that real estate is an interesting investment, especially in these times. I only asked why you think Dubai is such a good market instead of somewhere else, given that prices have been falling before Covid already. I was simply expecting you to have a good answer. But your answer is “other people are buying here”. Is that all?

Once we get to our new normal Dubai will pick up again and the other Emirates are also trying to model themselves like Dubai.

I was on a flight to Dubai at the beginning of July and it was a full A380.

When it picks up again within the next 18 months prices will rocket. Plus the fact they are making easier to do business there and get a residency visa.
More and more countries are getting Visa free access to Dubai so it can only enhance Dubai as a holiday and business destination.

 

[Davis123]

Dubai is the hub of Emirates Airlines. It has an international presence in the world. Tourists from all over the world come here or pass through. They won't let it die away. It has been though bust and boom periods. Too much construction and speculation brought the real estate crashes in 2008, past few years and 2020 due to Covid 19 but construction has now been put on hold and big construction industries are rethinking their portfolios. Due to OECD tax/BEPs strangulation and influx of rich EU citizens passing in and out of here to fool their tax man resulted in problems too for UAE. Secondly 2008 was a very bad period for USA too. UAE economy will bounce back as soon as Expo 2020 is held.

You can pick up some good 1 bed flats in places like the Marina for 60K and they will net you 9-10% return. TAX FREE..........
If you are bullish you can pick them up for 55-50K then your ROI increases.

The UK is also great place to invest, the returns are are about 5-8% but they have great capital appreciation which can be managed efficiently if you structure it right at the beginning.

If you get into refurbishment and development then your you can net bigger rental returns and or profits on sale.

Exactly CaptK. I don't know how to explain to these people not knowing stuff on ground here and some realities. You have to visit places and live here for a while to understand fully what is in store for them. Can't just find out from google searches and web news or forums. You have to know experienced people on ground just like you know U.K. property which is superb always but tax free is much better.

 

[Davis123]

There are a few other places in Dubai real estate market which will earn you good profits with much smaller investments but those are real estate trade secrets that can't be discussed in forums. One needs experienced people on ground and people have put in years doing their researches. Just like you are the one of the best in setting up structures there are people who know real estate loopholes and areas too I was shocked how ignorant some expat real estate agents are who can't tell a difference as of yet from leasehold to freehold and explain it to their prospective clients as almost 18 years have passed since these freehold laws in Dubai came up.