Key Features of Purchasing Real Estate in Dubai with DAMAC: A Journey with Alta Real Estate
As Rick Kelly, Founder of Alta Real Estate, embarks on an exciting new journey with his team of top agents—Parker Johnson, Neha Vernekar, Flavio Avila, and Megan Panama—partnering with Dubai’s leading developer DAMAC, the opportunities in Dubai’s real estate market have never been more promising. Dubai’s unique combination of luxury, economic growth, and future-focused policies make it an ideal destination for international investors.
Why Dubai?
Dubai’s rapid development and growing population are propelling its real estate market into the global spotlight. With a population set to increase to 7.8 million by 2040, demand for residential and commercial properties is booming. Dubai offers zero property taxes, making it particularly attractive for buyers seeking long-term investments with strong rental yields that often exceed 6.7%. The city also ranks among the world’s safest, and its dynamic blend of business, lifestyle, and tourism infrastructure makes it a global hub for professionals and families alike. (WHY DUBAI WHY DAMAC)
Additionally, Dubai’s property market is enhanced by its Golden Visa program. Investors who purchase properties valued at AED 2 million (approximately USD 545,000 at an exchange rate of AED 3.67 to 1 USD) can secure a 10-year residency visa. This visa offers significant benefits, including long-term residency for both the investor and their family, the ability to sponsor up to two maids and a driver, and the flexibility to work, study, or reside in Dubai without the need for an additional sponsor. (WHY DUBAI WHY DAMAC) The visa also allows for unrestricted travel in and out of the UAE, a feature that appeals to global investors.
For smaller investments, the Property Investor Visa offers a 2-year residency option starting with a property investment of AED 750,000 (approximately USD 204,000). This makes it accessible for mid-tier investors looking to capitalize on Dubai’s thriving market and gain residency. (WHY DUBAI WHY DAMAC)
Why DAMAC?
DAMAC is not just the largest private luxury developer in the UAE—it’s a trusted name in delivering high-quality, innovative properties. With over 47,000 homes delivered and a diverse portfolio that includes apartments, villas, and branded residences, DAMAC has become synonymous with luxury living. Their developments offer stunning architecture, world-class amenities, and premium locations across Dubai, including highly sought-after areas like Business Bay, Dubai Harbour, and DAMAC Lagoons. (WHY DUBAI WHY DAMAC)
One of the key advantages of buying with DAMAC is the opportunity to secure off-plan properties at lower prices, with the potential for significant capital appreciation. Investors also benefit from flexible payment plans, and all purchases are protected by Dubai’s Real Estate Regulatory Authority (RERA) guidelines, ensuring security through escrow accounts and warranties. (WHY DUBAI WHY DAMAC)
Rick Kelly and his team at Alta Real Estate are excited to guide clients through this booming market, leveraging their partnership with DAMAC to offer exclusive access to some of Dubai’s finest developments. With agents like Parker Johnson, Neha Vernekar, Flavio Avila, and Megan Panama, and others leading the way, clients can be assured they’re in expert hands as they navigate this promising market. Now is the perfect time to explore the unparalleled opportunities that Dubai’s real estate market has to offer!
