Apartment in Dubai Hills Estate with a residency permit
Apartments for sale in Dubai Hills Estate, UAE, are an investment-attractive asset growing in price and providing the highest rental income. They are an excellent option for foreigners who want to spend holidays in the emirate or move here permanently. A fast-growing community with advanced infrastructure and high-quality housing is being built around a prestigious golf club with extensive green spaces, landscaped park areas and walking paths.
The area of the district exceeds 11 km2. It is being developed by Emaar Properties, one of the most prominent real estate development organizations in the Middle East. The company enjoys trust in the international real estate market, so many flats in Dubai Hills Estate are put up for sale at the initial stages of construction.
Residence permit in UAE by buying an apartment in Dubai Hills Estate
One of the main advantages of buying apartments and flats for sale in Dubai Hills Estate is the opportunity to issue a residence permit in an eastern state. Below is the basic information about the Emirati Investment Residency programme:
- the minimum investment threshold to obtain a 2-year resident status is AED 750,000 ($205,000) or AED 1 million ($273,000) if the foreigner plans to include other people in the application;
- to register a 10-year residence permit, you need to purchase a property in the UAE worth at least AED 2 million ($545,000);
- the investor’s spouse, unmarried children and staff can become residents;
- the advantages of a 10-year residence permit are the opportunity to invest in an off-plan apartment for sale in Dubai Hills Estate and the absence of requirements to increase the amount of investments when other people are included in the application;
- programme members can buy a flat in Dubai Hills Estate and apply for real estate in instalments by making an initial payment in the amount of at least 50% of its value;
- a residence permit in the UAE by buying an apartment in Dubai Hills Estate can be renewed plenty of times as long as the main applicant owns their overseas property.
Investment apartment in Dubai Hills Estate
Most investors decide to buy an apartment in Dubai Hills Estate and get a residence permit based on the following factors:
- Convenient location. The community is located on the E44, one of the main Emirati highways, and borders prestigious areas such as Downtown Dubai and others. Thanks to this, locals have easy access to one of the country’s most popular attractions. The tallest skyscraper on the planet is a 17-minute drive away, and an upscale hotel with an underwater restaurant is 16 minutes away.
- Family-friendly amenities. The community’s infrastructure includes schools, kindergartens, parks and landscaped areas, which makes flats for sale in Dubai Hills Estate in great demand among families. In addition, many residential complexes located on its territory offer amenities such as playgrounds and shallow pools.
- A wide range of accommodation to buy a flat in Dubai Hills Estate. The area can offer you various medium-budget studios, cosy flats and luxurious penthouses with dressing rooms, workrooms, spacious terraces with outdoor recreation areas and personal pools. The range of local real estate continues to expand. Leading international developers are building new residential complexes adapting to the preferences and budgets of different buyers.
The rapid growth of the area as a promising destination for tourism and immigration provides apartment owners with a high and stable rental income. The average payback rate for local studios is 8.35% per annum. 1-, 2-, 3-, 4-, and 5-bedroom apartments in Dubai Hills Estate for investment can bring 7.61%, 7%, 6.92%, 5.11%, and 5.29%, respectively.
Foreigners who are intrigued by making a profit from resale should turn to an investment apartment in Dubai Hills Estate as well. The average cost per square metre in the Dubai housing market reached AED 16,318 ($4,443) in Q2 2024 setting a new quarterly record for the last decade.
The owners can rent out their properties or use them for personal purposes until apartment prices in Dubai Hills Estate go up. However, there is also the possibility of obtaining capital gains in the short term by purchasing an off-plan property. The cost of apartments in Dubai Hills Estate increases by 20–30% on average when the community is put into operation.
FAQ
To receive a residence permit in the UAE through a property investment, a foreigner must:
- choose an apartment in Dubai Hills Estate with a residency permit that meets the conditions of the immigration programme;
- make a deal;
- undergo a medical examination at an accredited clinic in the country;
- submit biometric data;
- submit an application, a certificate of ownership and other necessary documents to the immigration service.