Townhouses for sale in Dubai, the UAE
Townhouses for sale in Dubai are one of the main sectors in the real estate market in the United Arab Emirates, since many expats and foreign investors prefer to buy this type or property.
A townhouse is a residential building with several apartments. Apartments in a townhouse usually have at least two floors, but no more than three and they have separate entrances. Therefore, if you do not want to live in a large residential complex, but still prefer to live within the city, then a townhouse can be an ideal solution.
Foreigners are allowed to buy townhouses in Dubai in specially designed freehold areas. They can also get a mortgage with an interest rate of 6 to 9.5% per annum. Some development companies may offer townhouses for sale on instalments.
If a townhouse you are buying costs at least one million AED or $270,000, then this purchase allows you to apply for a one-year residence permit.
An investor who has invested five million AED or more (about $1.5 million) in a property in Dubai can obtain a residence permit in the United Arab Emirates for a period of five years.
If a person has invested at least 10 million AED or $3 million in real estate in the UAE, then they have the right to obtain a resident visa, which will be valid for ten years.
Townhouse in Dubai
Most of luxury townhouses in Dubai, the United Arab Emirates can be purchased in such prestigious districts and developments as Palm Jumeirah, Dubai Marina, Dubailand, Dubai Media City, Downtown and some others.
You can buy a townhouse in Dubai in different price categories. The cost of a property depends on its living space, how prestigious the neighbourhood where it is located is, the distance of the townhouse from the sea and the city center as well as what area it overlooks.
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