Source: The National News —
When Hatim Khan worked as a finance director with a brand franchise operator in Kuwait, he realised the investment potential of Dubai real estate because of the UAE’s tax-free income, strong currency, growing economy and prospects of securing a long-term property investor visa. But he soon faced challenges while buying a property in Dubai, especially because he was living outside the UAE.
“From making multiple trips to view available properties, opening a bank account, applying for a mortgage, completing the registration process and finding a tenant, I experienced the challenges first-hand,” Mr Khan recalls.
Although he went on to buy an off-plan property in Dubai in 2018 based on the advice of a real estate broker and developer, Mr Khan later realised his purchase would not provide the regular cash-flow he wanted.