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Date
10/04/2022
Author
Редакция The Bell
Source
The Bell
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Internet Archive
Translated material

How to quickly relocate capital in Dubai and where to invest it there

It may seem that the movement of investors money across the borders is blocked. But there are so far options for investing in foreign economies. One of them is Dubai. The capital of hundreds of wealthy Russian -speaking people from around the world “move” here, and 9 out of 10 investors choose real estate as an asset. How to quickly transfer money to Dubai and buy an apartment there- look on the Bell.club Live channel and read in the column of Alexei Galtsev, the founder of the Realiste IT company, which, using AI, selects real estate for profitable investments in 10 cities of the world and helps to book it online.

Why Dubai?

Dubai is invested in real estate today, apartments are scattered in a matter of minutes after the start of sales. Why is Dubai so attracts investors? Here are the main ones - but not all - reasons:

  • According to artificial intelligence, the cost of housing in Dubai will grow by 8% per year over the next three years, the real estate market is still underestimated.
  • For investments in the real estate of Dubai, you can get a resident visa, which gives many preferences, including the opportunity to open a business in a promising offshore zone.
  • Buying apartments with a view of Dubai for subsequent rental is a business that can bring from 7% per annum.
  • Dirham, the national currency of Dubai, is the most stable. In Dubai, Dirham/dollar remains unchanged for many years thanks to state support measures. As a result, any investments in the dirhams become a way of investing in a “protected” dollar.
  • The UAE government is actively supporting the IT-claster, the development of technology and crypto industry. This attracts here crypto and dollar millionaires, business representatives and highly qualified personnel.

All this allows you to count on the rapid transformation of Dubai into an analogue of the silicone valley, further growth of the economy and local markets, which will make the emirate an attractive investment idea.

Having sold 100 square meters in the Dynamo area in Moscow, you can buy 120 “squares” in the Dubai Marina-in a business class residential complex and a yacht view.

However, the housing market in the Emirates is opaque: all real estate agents make all transactions, the outcome of such transactions determines the acquaintances, and no one knows the exact cost of housing. The state receives data at the price of real estate, but in the contract of sale, you can indicate any cost of housing. You do not need to pay taxes from resale, and people use it. At the same time, any buyer can fall “on the bait”: buy an apartment in exorbitant prices, get on dishonest brokers and double commissions.

How to avoid this? You can independently compare the prices of similar apartments, look for reviews about agents and the best area. But there are more technological, simple solutions. For example, AI in real estate from Realiste . He digitizes the market, analyzes it and gives an accurate assessment of any apartment in Dubai, creates a hierarchy of areas at prices and selects 1% of the best offers for purchase. These data are broadcast to a public free card. Also right now, the company helps investors in real estate from Russia to resolve issues not only with the purchase of housing, but also with the relocation of families and capital, provide military lawyer services, if necessary.

How to transfer capital to Dubai

There are three ways to relocate money from Russia to buy an apartment in Dubai. The first is to transfer money to local developers through banks that did not fall under sanctions (Raiffeisenbank, Rosbank, etc.). It is not easy to open your own bank account in Dubai without dating and friendly relations, and the process can also drag on for several months. There are intermediary companies that, when buying real estate through them, offer services to create Fast Tranes-quick ways to open their own account in the UAE. However, those who really can speed up the process are quite few (more often companies offer banal assistance in paperwork).

Another option for relocation of capital is the use of cryptocurrencies. For example, you can make cash through the office of the crypto -rhines in one country and get them in another. However, this method is risks: in Russia, Krypt is still in the "gray" zone. Its other disadvantage is that the money received through cryptocurrency lose evidence of their origin, becomes “depersonalized”. It is more difficult to go through the KYC process (from the English Know Your Client, “Know your client”) - important in the financial system of Dubai.

The third option is to transfer money and buy real estate on them immediately by choosing an apartment online using AI - it “highlights” 1% of the most profitable for buying apartments. To get acquainted with the card is simple: it is freely available. You can use it as a hint or turn to a full cycle of assistance from Realiste: from choosing real estate to the transfer of funds and paperwork, family move. In today's geopolitical situation, it is better to act quickly.

Ways to invest in Dubai Real Estate

There is an opportunity not only to relocate capital in Dubai, but also to increase it by investing in real estate.

Here are the main formats of investment:

- Profitable option with the purchase of housing Off Plan . The idea is related to the purchase of housing in bulk at the start of sales. To do this, you need an agreement with developer and investors in order to jointly redeem the slot of the most profitable apartments (for example, all the "kopecks" in the residential complex). For the "BRON" you will have to pay 10–20% of the cost of housing, then within 6-12 months housing is resold to retail with a small margin. If you repeat such a scheme twice a year, then you can get more than 100% per annum for invested capital (Cash-on-Cash). Nice bonus: In Dubai there is no income tax.

This works like this: the system reveals the most promising in investment terms and residential complexes, which are sold with a discount of about 7-8%. Then we book apartments of the same category there under the contract with the possibility of further assignment, while we do not pay the commission to the realtor. In Dubai there is a state duty of 4% of the cost of the apartment, but some developers agree to give a delay on this payment. Due to this, only the reservation can be arranged, and the fee will pay the next, already real, owner. After some time, we resell the apartments with the allowance due to the growth of the market and the lack of competitors in this slot of apartments (about 5-10%). The developer additionally pays us 8% of the commission, as he would pay a realtor for the sale of housing.

- Buy for rent by choosing a promising lot (income of about 7% per annum is possible here). The return indicator (ROI) can be calculated independently or view the best apartments for rent with already calculated ROI in the system .

- Buy ready -made real estate for a long time and get a resident visa to get a job or open your own business. In this case, you need to choose a good, but inexpensive apartment relative to similar options. In order not to overpay - take advantage of the objective assessment of AI. At the same time, the calculation of the prospects for the development of the region, the growth of demand and prices in it will not interfere. This information can be viewed on a free map and evaluate the situation: it is better to buy housing not in overheating, that is, not in the most “red” areas on the map, since there is the likelihood of prices in the long term lower.

For those who are versed in analytics and numbers, oak today is a real Klondike. For everyone else, this is just a good way to preserve and increase capital. To take advantage of this chance, you need to choose the right real estate in the necessary locations - II will help in this, which has already considered everything. And for the transfer of capital and the purchase of housing in Dubai there are specific tools and assistants. But it is also important to know: “burn out” in Dubai can also be if you make incorrect calculations or succumb to excitement.

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