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Peaceful Living Life in Town Square is tranquil. Counted among one of the best places to rent townhouses in Dubai, Town Square is ideal for families seeking a peaceful living. … This gated community in Dubai is dotted with lush, green gardens and exquisite waterworks and lies close to Al Qudra lake.
You asked, is Town Square a good investment? For those keen on investing in Dubai‘s property market, Town Square offers an excellent opportunity. If you’re looking to buy a property in Town Square, the neighbourhood has both chic apartments and townhouses, along with a range of community amenities, which makes it perfect for family living.
Correspondingly, who is the owner of Town Square? That’s the case in Nshama’s flagship project, the Town Square, where CEO Fred Durie and COO Abubakr Sidahmed have invested in a townhouse each. Nshama was one of the first private developers in Dubai to hop on to the affordable housing bandwagon last year.
Frequent question, is Town Square Freehold? Town Square Dubai is The most Affordable Free-Hold & Rental Property to Buy In Dubai, This Summer? Full Possession at AED 78,000!
Also the question is, who is the developer for Town Square? Town Square Overview The project is being developed by Nshama Development, a property development company founded in 2014 by a small team of Emaar veterans.
Who is the owner of Nshama?
Fred Durie is Chief Executive Officer of Nshama, a newly launched Dubai-based private developer of integrated lifestyle communities, established in September 2014.
What is free hold property in Dubai?
From a foreign investment perspective, properties referred to as freehold in Dubai are those located in “designated areas” in which non-nationals can own an absolute interest in land. To elaborate, freehold property refers to any estate which is “free from hold” of any entity besides the owner.
What are the benefits of buying property in Dubai?
- Great weather. Enjoy a sun-kissed lifestyle all year-round.
- Tax-free income.
- High standard of living.
- World-class infrastructure.
- Safety.
- Strategic location.
- Competitive prices and rental yields.
- Stable and mature Dubai property market.
Can Expats buy property in Mirdif?
While Mirdif is largely a non-freehold zone, Mirdif Hills and Mirdif Tulip are two upcoming apartment developments that will mark the neighbourhood’s first freehold properties, available to foreigners for buying.
Do you get residency if you buy property in Dubai?
Purchasing real estate in Dubai may grant the buyer a residence permit. According to the UAE investor visa program, the property must be completed upon the purchase and its value must be of at least AED 1 million. Holders of residence visas through real estate purchase may also sponsor their dependents.
Can a foreigner buy a property in Dubai?
In Dubai, foreign ownership is permitted in areas designated as freehold. Foreigners (who don’t live in the UAE) and expatriate residents may acquire freehold ownership rights over property without restriction, usufruct rights, or leasehold rights for up to 99 years. … There is no age limit to own property in Dubai.
Are flats in Dubai freehold?
The freehold areas in Dubai are home to various developments and projects, ranging from apartment towers to villa and townhouse communities. Freehold property is the most popular choice for foreign buyers and investors.
Is it smart to buy apartment in Dubai?
The city offers higher rental yields than many other mature real estate markets. On average, investors can achieve gross rental yields of between 5-9%. Property prices per square foot are lower than many other cities globally, making Dubai an affordable location to own prime real estate.
Is it possible to buy apartment in Dubai?
Can foreigners buy property in Dubai? Yes. Thanks to legal changes in 2002, foreigners can buy, sell and rent property in Dubai without any special regulations or permissions.
Can I pay cash for a house in Dubai?
When it comes to buying property in Dubai and the UAE, you can either pay for it in cash or apply for a mortgage.
Is JVC a freehold?
Jumeirah Village Circle (JVC) is an emerging neighbourhood in Dubai, with a mix of established and under-construction projects. A freehold master development by Nakheel launched in 2005, JVC is built over an area of over 870 hectares and is estimated to have approximately 28 residential projects under construction.
