Cove Boulevard Apartments in Dubailand

Dubai, the shining jewel of the Middle East, is no longer just a luxury tourist destination; it has become a global hub for secure and profitable investments. The city’s real estate market, with its remarkable growth and high returns, has attracted the attention of international investors, especially those from Iran. Buying property in Dubai isn’t just about owning an apartment or a villa; it’s an entry point to a modern lifestyle and endless opportunities. In this comprehensive article, we will examine everything you need for a smart apartment purchase in Dubai, from key benefits to legal procedures and the best areas, so you can confidently step onto the path of investment.

Why is Dubai the Best Option for Real Estate Investment?

Investing in the Dubai real estate market offers unique advantages that set it apart from other global markets. The first and most attractive benefit is tax exemption. In Dubai, you are exempt from paying rental income tax, property tax, and capital gains tax. This feature leads to a very high Return on Investment (ROI), which is reported to be an average of 8% to 10%—higher than in many major cities worldwide.

Additionally, Dubai has a stable and growing economy that is continuously diversifying its various sectors. Stable exchange rates and inflation management are other factors that provide confidence to investors. The city’s advanced transportation system, excellent infrastructure, and high level of security have created an ideal environment for living, working, and growth. The option of buying property in installments instead of renting has also made it more affordable for many people.

Obtaining UAE Residency Through Property Purchase : A Unique Opportunity

One of the most significant reasons to buy property in Dubai is the possibility of obtaining a residency visa. These visas allow investors and their families to live in a secure environment with excellent amenities. Property laws for foreigners in Dubai are structured so that by purchasing property in a Freehold area, 100% ownership is transferred to the foreign buyer.

The amount of your investment determines the type of residency visa you receive :

• 2-year residency : For purchasing a property worth at least 750,000 AED.
• 5-year residency : For an investment of at least 1 million AED.
• 10-year residency (Golden Visa) : For purchasing a property worth at least 2 million AED.

These visas are renewable and allow you to live in Dubai and enjoy its benefits without needing a sponsor.

Step-by-Step Property Purchase for Foreigners in Dubai

The process of buying property in Dubai is transparent and secure, under the full supervision of the Dubai Land Department (DLD). However, understanding the steps is essential for a successful purchase :

1. Selecting the Property and Area : The first step is to choose the type of property (apartment, villa, townhouse) and a suitable area based on your budget and goal (investment or residence).
2. Drafting the Memorandum of Understanding (MOU) : After reaching an agreement with the seller, a Memorandum of Understanding is signed. This contract specifies the terms of sale and payment.
3. Requesting a No Objection Certificate (NOC) : This certificate is obtained from the developer or homeowners’ association and confirms that the property has no debts or issues.
4. Title Transfer at the DLD : At this stage, all necessary documents are submitted to the Dubai Land Department, and the property title is transferred to the buyer.
5. Paying Ancillary Costs : These costs include a 4% transfer fee to the DLD, real estate agent commission (usually 2%), and other administrative fees.
6. Applying for a Visa : After the final title registration, you can apply for a residency visa.

Key Dubai Areas for Property Purchase and Investment

Dubai offers a variety of areas for investment, each with its unique characteristics :

Dubai Marina & Downtown :

Known for a luxurious lifestyle and access to recreational facilities.

Business Bay :

The economic heart of Dubai, suitable for investors interested in commercial projects.

Jumeirah Village Circle (JVC) :

One of the most affordable central areas with high rental yields, suitable for families.

Dubai land :

As one of the largest development projects in Dubai, this area has tremendous investment potential due to its growing infrastructure and diverse amenities. New projects here often come with more accessible prices and high growth prospects.

For more information, simply click to connect with our consultants!

Featured Project in Dubai : Cove Boulevard

If you are looking for an exceptional opportunity to buy an apartment in Dubai, the Cove Boulevard project by Imtiaz is an ideal option. This project is located in the heart of the fast-growing Dubailand area, offering a blend of modern living and tranquility. With its stunning design and luxurious amenities, Cove Boulevard provides an inspiring environment for living and working.

This project offers a variety of residential units, from studios to one, two, and three-bedroom apartments, all tastefully and meticulously designed. Its outstanding amenities include:

• Swimming pools and a gym
• Business lounge
• Gardens and green spaces

Cove Boulevard is an excellent example of an investment in a strategic and developing area, where construction quality and exceptional amenities guarantee a significant return.

Modern Architecture in the Heart of Dubailand

Developed by Imtiaz Developments, Cove Boulevard is an exceptional residential complex located in the Dubai Residence Complex in Dubai land. With its sleek white facade, curved architectural elements, and distinctive balconies, this project embodies a perfect marriage of modernity and elegance. Designed to offer a unique living experience, Cove Boulevard provides fully furnished apartments, from studios to three-bedroom units, some of which even feature private pools on their balconies.

Apartments Designed for Comfort and Elegance

Each apartment at Cove Boulevard is delivered fully furnished, ensuring immediate comfort and an optimized living environment:

• Functional studios : Ideal for young professionals and investors.
• One-bedroom apartments : A blend of space and modern design.
• Two and three-bedroom apartments : Perfect for families and those seeking generous living space.
• Apartments with private balcony pools : Offering unparalleled exclusivity and panoramic views.

The interiors are meticulously designed with modern finishes and high-quality materials, and the kitchens are fully equipped with top-of-the-line appliances.

Exceptional Amenities

Residents of Cove Boulevard benefit from a wide range of services and amenities designed for comfort and relaxation:

• Rooftop infinity pool with stunning city views
• Family pool for relaxing moments
• Fully equipped gym
• Wellness areas, including a Jacuzzi and a Zen garden
• Children’s playground and dedicated pool
• Clubhouse with a rooftop garden, ideal for relaxation and socializing
• Open-air cinema and poolside lounge for exclusive entertainment
• BBQ area and natural-view walking path, promoting a friendly atmosphere

Strategic Location in Dubailand

Located in the Dubai Residence Complex, Cove Boulevard benefits from a prime location in Dubailand, a developing neighborhood that offers a perfect balance between residential living and urban dynamism.

• Quick access to main roads, facilitating commuting
• Close to major attractions, including Dubai Parks and Resorts and sports complexes
• A family-friendly neighborhood with green spaces, shopping centers, and reputable educational institutions
• Immediate proximity to Academic City and its renowned academic institutions

A Top-Tier Real Estate Investment

Cove Boulevard is a rare investment opportunity in Dubai, combining innovative design, premium services, and a strategic location.

• Flexible payment options
• High rental potential, ideal for investors seeking attractive returns
• Developed by Imtiaz Developments, a developer known for its expertise and attention to detail

With Cove Boulevard, live in a residential complex that combines luxury, comfort, and easy access, while benefiting from a prestigious address in the heart of expanding Dubai.

Project Amenities

• Playgrounds
• Spa
• Outdoor gardens
• BBQ area
• Swimming pool
• Gym
• Yoga studio

Location

• Schools (GEMS FirstPoint, The Villa): 4 mins
• Mall (Silicon Central): 10 mins
• Downtown Dubai: 20 mins
• Dubai International Airport: 23 mins
• Jumeirah Beach: 27 mins

Payment Plan

• 20% upon booking
• 40% during construction
• 10% upon handover
• 30% after handover

Option 1 : 60/40

Option 2 : 70/30

Final Word : A Bright Future Awaits You

Buying property in Dubai is a strategic decision to secure your financial future and achieve a high quality of life. Given the economic benefits, high security, and supportive laws for investors, Dubai truly offers a golden opportunity. Whether you are looking for a profitable investment or a home for your dream life, the Dubai real estate market will meet your needs. By choosing projects like Cove Boulevard in growing areas, you can benefit from a secure investment with a high return.

Don’t miss this opportunity and for more information, just click to connect with our consultants!