most luxurious apartments in dubai you will get it with KGM company, Do you wish to enjoy the most attractive parts of luxury living? There are amazing opportunities for luxury apartments in Dubai, including magnificent views, sophisticated amenities, and world-class furnishings. Feel free to enjoy every minute in these exquisite residences, which cater to all of its tenants’ requirements.
Where to find the best luxury apartments in Dubai?
The presence of tourist attractions such as the towering Burj Khalifa, the mesmerizing Dubai Fountain, and the enormous Dubai Mall adds to the city’s remarkable beauty, which draws both investors and visitors.
From the towering structures that appear to defy the imagination to the variety of luxury restaurants serving food from all over the world, this region exudes amazing brilliance and excitement.
But are these the only considerations motivating many individuals to purchase flats in the center of the city?
Of course not! There are several reasons why people invest in real estate in Downtown Dubai, which we have highlighted below.
Downtown Dubai has an urban community feel to it, with patches of greenery.
It is home to the city’s most iconic monuments, pedestrian-friendly pathways, and attractively manicured promenades.
It consists of several buildings and residential complexes that provide a variety of alternatives.
down town Dubai also one of Dubai’s most sought-after locations, whether you are a bachelor or raising a family.
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most luxurious apartments in dubai
Binghatti is located in the center of the Emirate of Dubai, surrounded by notable monuments such as the Burj Khalifa and the Dubai Opera, all of which are just a five-minute walk away.
This vibrant region is well-known as a tourist attraction due to its abundance of world-class retail malls and entertainment opportunities.
The bustling residential area is located between Sheikh Zayed Road and Financial Centre Road, making it only a twenty-minute drive to Dubai International Airport.
The closest light rail stations are Business Bay Metro Station and Burj Khalifa/Dubai Mall Metro Station.
read more: best location to buy property in dubai,
Apartments for sale in Dubai
You could find the apartments you are looking for at one of the greatest projects in dubai Mercedes-Benz.
Residents of the Mercedes-Benz neighborhood may easily reach nearby attractions such as the famed Jumeirah Beach and Ras Al Khor Nature Reserve.
The estimated travel time to these significant places is 15 minutes.
Binghatti aims to attract individuals who appreciate a premium lifestyle and like to stay in houses with well-known brand names that offer big and ample living areas.
Those who reside there will have the pleasure of immersing themselves in a luxurious and sophisticated lifestyle by taking advantage of the reputable amenities, which include resting in the spa, exercising in the gym, and swimming in the endless swimming pools.
All of these apartments are integrated with smart home devices to offer a highly comfortable and easy living experience, above all.
read more:House for sell in Dubai
How do I buy an apartment in Dubai as a foreigner?
Can foreigners purchase property in Dubai?
One of the most commonly asked issues about the Dubai real estate market is whether foreigners may buy property there, and whether this would be helpful in the long run.
Individuals of various nationalities, including expats and non-resident investors, can own real estate in Dubai under the freehold system.
This allows foreigners to freely purchase, sell, and rent their homes.
However, it is important to note that owning and investing in real estate is only permitted in areas designated for freehold ownership under Dubai government laws.
The Dubai real estate market allows non-resident international investors to purchase property, therefore having a residency visa is not required. However, in order to confirm their identification, these investors must have a valid passport when they complete the transaction in Dubai.
Foreigners who want to buy real estate in Dubai can apply for financing through local banks in the UAE. However, they will have fewer possibilities than long-term residents and UAE nationals.
Qualification requirements for acquiring real estate financing differ amongst banks, and they may include a variety of characteristics such as nation of residency, monthly income, and so on.
Bank account statements and confirmation of work status are among the documentation that banks need when granting mortgages to non-residents in Dubai.
Necessary procedures for foreigners to buy Dubai real estate
The procedure of acquiring real estate in Dubai is identical, whether for personal use or as a feasible
real estate investment. To see this procedure in further depth, please study the following steps:
- Create a buyer-seller contract.
When you’ve found the suitable property, contact the owner to discuss terms and conditions.
You can pay in whole in cash or get a mortgage.
Although a real estate agent or lawyer not required for this phase, an exact and comprehensive
contract must be drafted.
- Signing the Property Sale Agreement
You may simply get a copy of the renowned Form F sales contract, also known as the Memorandum of Understanding,
from the Dubai Land Department’s website.
- Apply for a no objection certificate.
At this point, there will be a brief discussion with the development business in order to receive their formal clearance (No Objection Certificate) to complete the property ownership transfer processes.
If there are no outstanding invoices or service claims on the real estate unit, the development firm will provide this certificate.
- Transfer of ownership at the Registrar’s Office
You must prepare by gathering the required papers, arriving in person, or sending an authorized representative.
Can Arabs and foreigners invest in the Mercedes Binghatti project?
Yes, all Arabs and foreigners can invest in the Mercedes Binghatti project.
And, foreigners will be eligible to apply for a ten-year UAE Golden Visa if they buy a residence valued
at least two million UAE dirhams (equal to $545,000.
This visa allows the homeowner to sponsor their wife and children.
Payment plans in Mercedes Binghatti project
The payment plans in Mercedes Binghatti project is simply as following:
20% upon reservation
50% during construction
30% on 100% completion
To sum up, we are here to help you find the most luxurious apartments in dubai,
all you need to do is to contact us to get all the details you need.
