As more South Africans look for investments abroad – Dubai’s property market has caught the attention of some.
South Africans are increasingly looking for offshore property investments, and Dubai is catching the eye of some, says Nombasa Mawela, the principal of Seeff Property Group’s new office based in the United Arab Emirates.
“Prices start from around R2.3 million . If you want UAE residency, which will give you a UAE bank account, you will need to invest a minimum of just under R4 million ,” Mawela said. “Dubai is regarded among the safest cities to live in and offers centrality to most parts of the world. As a growing business and tourist and shopping hub, opportunities just keep multiplying daily,” she added.A basic studio, location dependant, for R2.3 million Mawela noted that the market has performed exceptionally well, and property values keep rising with “just about no upper limit these days”.
“Jumeirah Golf Estate is also popular with expat families, especially those who prefer outdoor and play areas for children. It also happens to be the home of the famous DP World Golf Tournament,” she said.According to the company, its chairman Samuel Seeff saw an opportunity to expand and, through the help of Mawela, now operates in Dubai.
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