Buying a car in the UAE and real estate for investment

2024-06-03
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When it comes to capital investment, few sectors can match the appeal of the United Arab Emirates' automotive and real estate markets. Not only are these two markets symbols of luxury and innovation, but they also offer unexpected opportunities for international investors. In this article, we look at how you can make the most of the UAE's unique advantages for car buying and real estate investments, while ensuring stable income and long-term capital growth. From legislative details to market best practices, we'll show you how to make your UAE investments as profitable as possible.

What autos are available in the UAE

The United Arab Emirates offers a wide range of cars for all types of buyers. Whether you are looking for a new car straight off the assembly line or a used car, the UAE has the right option for you. Let's take a closer look at the available categories.

New

New cars in the UAE represent the latest models from the world's leading manufacturers. Buyers can choose from economical city cars to luxury sports cars and SUVs. Thanks to the high level of economic development and the absence of value added tax, new cars here can cost less than in other countries.

Used Cars from America

Used cars imported from the US are popular in the UAE due to their quality and affordability. These autos often offer higher equipment compared to similar models offered in the local market. In addition, American safety and maintenance standards make them an attractive choice for many.

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Local Mileage

Buying used cars from locals is a great way to get a reliable vehicle at a reasonable price. These cars are often in excellent condition, as owners in the UAE are known for their reverent attitude to car care. On the plus side, buying a car locally simplifies the registration and insurance process.

Used cars from Canada

Canadian used cars are also popular in the UAE. They are similar to American ones in many features, including quality and equipment. However, it is worth considering climate adaptations, as many Canadian cars are designed to operate in colder conditions, which can affect their durability and need for special care in UAE conditions.

Cost of Cars

The cost of cars in the UAE can vary significantly depending on whether you are considering new autos or used vehicles, as well as the country of origin of the car. Buying in the UAE is especially advantageous if you ignore customs clearance costs, which can significantly increase the final cost of a car when it is imported into other countries.

UAE residents can purchase cars at lower prices, as the cost of premium cars here is often lower than the cost of shipping them out of the country. For up-to-date prices, it is recommended to visit websites that specialize in selling used cars.

Examples of used cars

This selection of used cars demonstrates how diverse and attractive the UAE car market can be. Here are some examples of models and their prices:

  • 2020 Mercedes S580 - 875,000 AED (about 238,000 USD): This car is the perfect combination of luxury and advanced technology, making it a popular choice among premium enthusiasts.
  • 2015 Porsche 918 - 8,700,000 AED (about 2,370,000 USD): This one is a collector's edition supercar that offers not only impressive dynamic performance but also exclusivity.
  • 2020 Audi S8 - 355,000 AED (about 96,700 USD): The Audi S8 combines luxury and performance, making it a desirable choice for those looking for a powerful and elegant sedan.

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These examples show that the UAE market offers both relatively affordable luxury cars and unique supercars at prices that are often lower than in other parts of the world.

Bottom line

To summarize, it is safe to say that the UAE car market offers a high level of reliability and quality. All cars, both new and used, are thoroughly inspected before sale, ensuring there are no unpleasant surprises for buyers. With strict standards of maintenance and car care, buyers can rest assured that they are purchasing a reliable vehicle.

Purchasing real estate for investment

Investing in UAE real estate can offer significant benefits, including the possibility of dual citizenship. This program attracts foreign investors looking to invest in the local real estate market, offering them the opportunity to become full residents of the country in return.

The “golden visa” program in the UAE allows for a long-term visa for 10 years with the possibility of renewal. This visa is granted to those who invest a minimum of 2 million AED (approximately 545 thousand USD) in real estate in the country. The key benefits of this visa are not only the right to reside, but also the ability to obtain work permits for family members, as well as easier access to the country's social and educational institutions.

It is important to note that the investment must be maintained for a certain period of time (usually 3-5 years), which confirms the seriousness and long-term nature of the investment. This program actively promotes the attraction of foreign capital and supports the UAE real estate market, making it one of the most dynamic and attractive for investors from around the world.

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