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ahuj123 · 5 months ago

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UAE Visa for Indians: A Detailed Guide

The United Arab Emirates (UAE) is a popular destination for Indian travelers, offering a blend of modern luxury and traditional culture. Whether you're planning a vacation, a business trip, or considering a longer stay, understanding the UAE visa process is crucial. This guide provides detailed information on the various types of UAE visas available for Indian citizens and outlines the application process.

Types of UAE Visas for Indians

Tourist Visa

Tourist visas are the most common for Indians visiting the UAE for leisure. There are two main types:

30-Day Tourist Visa: Valid for 30 days, suitable for short holidays.

90-Day Tourist Visa: Valid for 90 days, ideal for extended vacations.

Both are single-entry visas and cannot be extended.

Business Visa

For Indians traveling to the UAE for business purposes, a business visa is necessary. This visa is for attending meetings, conferences, or exploring business opportunities. The duration and specific requirements vary based on the nature of the visit and the sponsoring organization.

Transit Visa

Indians transiting through the UAE can apply for a transit visa, available in two types:

48-Hour Transit Visa: Free and valid for 48 hours.

96-Hour Transit Visa: Available for a fee and valid for 96 hours.

These visas are non-extendable and are intended for brief stopovers.

Visit Visa

Visit visas are for Indians who have family or friends in the UAE. These visas can be sponsored by UAE residents or citizens and are available for 30, 60, or 90 days. Some visit visas can be extended.

Employment Visa

Indians who have secured a job in the UAE need an employment visa, which is sponsored by their employer. This visa allows them to reside and work in the UAE and is typically valid for two to three years, depending on the employment contract.

Student Visa

Indian students accepted into educational institutions in the UAE need a student visa. This visa is generally valid for one year and can be renewed annually.

Application Process for UAE Visa

Online Application

Indians can apply for a UAE visa online through the official UAE eVisa portal or through authorized travel agencies. The steps include:

Select the Visa Type: Choose the appropriate visa based on your purpose of travel.

Fill Out the Application Form: Provide personal details, travel information, and passport details.

Upload Required Documents: Common documents include a passport copy, photograph, confirmed flight tickets, and proof of accommodation.

Pay the Visa Fee: Pay the visa fee online using a credit or debit card.

Submit the Application: Review your application and submit it for processing.

Required Documents

While specific requirements may vary, the following documents are generally required for most visa applications:

Valid passport with a minimum of six months' validity from the date of travel.

Recent passport-sized photograph.

Completed visa application form.

Confirmed round-trip flight tickets.

Proof of accommodation (hotel booking or host's address).

Financial proof (bank statements or salary slips).

Visa fee payment receipt.

Processing Time

The processing time for a UAE visa for Indians typically ranges from 3 to 5 working days, but this can vary based on the visa type and other factors.

Tips for a Smooth Visa Application Process

Apply Early: Start your visa application well ahead of your travel dates to avoid delays.

Check Documents Thoroughly: Ensure all documents are complete and accurate to prevent rejections.

Use Authorized Channels: Apply through official or authorized sources to avoid scams and ensure a smooth process.

Track Your Application: Use the application reference number to track the status of your visa application online.

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nashwauae · 7 months ago

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Free credit card perks in the UAE

Free credit card perks in the UAE? You got it! This blog post breaks down the benefits of lifetime free credit cards & gives you the lowdown on how to apply! 🇦🇪 No annual fees, just rewards & convenience. Read now & unlock your financial freedom!

#uaelife #creditcard #financetips

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assetalliance · 1 year ago

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Car Loan in UAE

What is Car Loan?

It's time to apply for a car loan when the time comes to purchase your dream vehicle and you realize that the only thing preventing you from experiencing complete driving joy is a lack of funds. A car loan ensures that you have the chance to realize your goals in a way that allows you to use the vehicle today and pay for it tomorrow. To avoid placing an unnecessary financial stress on you during the first few months of car ownership, some of them may make the repayments even simpler on you by lowering the first-year installments.

We provide the greatest financial solutions along with individualized attention. You will be prepared to purchase your dream car right now thanks to flexible payment options, affordable rates, and plenty of additional advantages.

The following are some of the main advantages you can enjoy:

Flexible, prolonged terms of up to five years for payback

The speedy and simple approval procedure

Salary Transfers are not required.

Very little documentation

Key Advantages

Auto financing that's quick and easy. Flexible and quick repayment terms!

Vehicle Finance has made the process of purchasing a car relatively easy and effortless. With the least amount of paperwork and payments, we provide you the chance to get home the car you wanted.

Preferred pricing on pre-owned car

Lower Interest Rates. Attractive Fixed and Variable Rate Choices are Accessible.

Minimal Documentation

Detailed account & statement reporting

Flexible Repayment Options

0% Processing fees on buyouts. Credit card with no annual fees

Enhanced loan multiples

Improved loan multiples. Free insurance for some years to cover your vehicle damage.

Advantages of using our services

All of your personal financial issues can be resolved quickly and easily.

We assist you in comparing the interest rates on personal loans in Dubai provided by the various banks so that you can select the most beneficial deal.

We give you the most recent information regarding the requirements for qualifying and the steps involved in the lending process.

Effortless application process

Quick turnaround for bank processing and approval

Advantages of Car Loans

Car loans serve as more than just a means of financing the vehicle of your dreams. They also offer a variety of advantages to clients, some of which can be as follows:

The majority of current accounts have a minimum balance requirement that cannot be disregarded. If you obtain a car loan from a bank, many of them will waive that provision.

A lot of banks provide credit cards with a free first year.

All car kinds, including sedans, saloons, 4X4s, etc., are eligible for these loans.

Additionally to loans, several banks offer competitively priced auto insurance.

SIP (Staggered Investment Plans) enables easily manageable monthly payments that rise gradually over the period of the loan.

Documents Required

Income documentation or a salary certificate

You need three months of bank statements for your salary account

Copy of a valid passport along with an expatriate-only UAE residence visa that is currently valid (originals are needed for verification).

Cheques with postdated dates, if necessary.

Check for security.

A price estimation or sample invoice from the dealer for brand-new cars.

For used vehicles, you will need:

An appraisal certificate from a dealer recognized by the bank

A title of ownership.

A price or an offer to sell made by the present owner of the car to the bank.

For used vehicles, you will need:

An appraisal certificate from a dealer recognized by the bank

A title of ownership.

A price or an offer to sell made by the present owner of the car to the bank.

Advantages of car financing

Depending on the bank issuing the loan, auto loans can range in price from 30,000 AED to as much as 900,000 AED.

The payback length for the majority of auto loans can range from 12 to 60 months, depending on your comfort level.

You could pay as little as 2.35% annually if you choose a flat interest rate. This interest rate is determined by the banks and is subject to variation between banks.

You have the option of flat interest rates or slightly higher lowering balance interest rates.

Even buying a used car is possible with a car loan.

You can borrow anywhere between 80% and 100% of the total cost to purchase the vehicle.

Residents as well as foreigners working in the UAE can apply for a car loan.

Available Car Loan Types in the Dubai

Banks in Dubai offer auto loans that are customized to each customer's needs because multiple customers may have various desires. These auto loans include-

Standard auto loan, with or excluding salary transfer

Customers can apply for a car loan using the maximum amount that the bank will grant with a traditional car loan. The loan can then be repaid over a term of up to or greater than 60 months with an interest charge. These loans can be obtained both with and without a salary transfer to a bank account.

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kukujain · 2 years ago

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https://www.soulwallet.com/credit-cards-uae/adcb-credit-cards/no-annual-fee-credit-cards

#adcb credit cards

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accruonconsultantsllc · 2 years ago

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HOW TO PAY VAT IN UAE : EVERYTHING YOU SHOULD KNOW

Value Added Tax (VAT) is a 5% general consumption tax that was implemented in the UAE on January 1, 2018, and it applies to the majority of goods and services transactions. Are you seeking information on how to pay VAT in the UAE? This article will provide you with all of the information you need to complete it correctly.

Businesses that provide taxable products or services must register with FTA if the total value of all supplies over the previous 12-month period exceeds the Mandatory Registration Threshold of AED 375,000. You must also register if the total value of all supplies is expected to exceed the Mandatory Registration Threshold in the next 30 days. Remember that there are fines for late registration.

Furthermore, firms may elect to register for VAT voluntarily if the total value of their taxable supplies and imports (or taxable expenses) reaches the AED 187,500 voluntary registration level.

The following is how it works.

The UAE taxes registered enterprises on taxable supplies of goods or services at each stage of the supply chain.

The tax that businesses collect from their clients is paid to the government.

At the same time, they receive a government return for the tax they paid to their suppliers.

VAT Filing in UAE

At the end of each tax period, VAT-registered firms must file a VAT return to the Federal Tax Authority (FTA). VAT is filed electronically in the UAE using the FTA portal. The return can be filed by the taxable person or by someone authorized to do so on his or her behalf. You could, for example, employ a tax agent or authorized representative to perform it for you.

Taxable enterprises must file VAT returns with FTA and pay the tax within 28 days of the end of each business’s tax period, as established by FTA. If that date falls on a public holiday or a weekend, it must be filed the next working day after the holiday or weekend.

The normal tax period is as follows:

quarterly for companies with yearly revenues less than Dh150 million

monthly for companies with an annual revenue of Dh150 million or more.

VAT Submission UAE

Businesses must file VAT returns electronically through the Federal Tax Authority (FTA) portal. Because offline methods to file VAT returns through XML and EXCEL are currently unavailable, the FTA Portal is solely designed to accept returns online. That implies taxpayers must manually enter the values for Sales, Purchase, Output VAT, Input VAT, and so on in the relevant areas of the VAT return form available on the FTA portal.

“VAT 201” is the name of the VAT Return form. You must fill it out and submit it online. Form VAT 201 is divided into seven sections:

Particulars of the Taxable Person

Return Period for VAT

VAT on all sales and other outputs

VAT on all expenses and other inputs

Due Net VAT

Additional reporting obligations

Authorized Signatory and Declaration

Each of these sections contains many fields in which taxpayers must enter information in order to finish the VAT Tax return submission.

Before submitting the VAT Return, you should double-check all of the details. Only click the Submit button when you are certain that all of the information is correct. After successfully submitting the VAT Return, you will receive an email from FTA verifying the submission.

How to Pay VAT in UAE

If the output VAT in the VAT return is greater than the recoverable input VAT, the difference creates a VAT liability that must be paid to the FTA. Registered enterprises must pay their tax obligations to the Federal Tax Authority in one of the following ways:

credit card issued by a UAE bank

transfer of funds via bank

The e-Dirham card

When you pay VAT using your e-Dirham card at the e-Service site, you must pay a transaction fee of AED 3. A credit card payment will normally carry a charge of 2% – 3% of the total due amount.

Partial payments are possible. However, you must pay the entire amount by the due date since there are penalties for late submission of a return or late payment of VAT. Furthermore, a taxable person may face a penalty if the information presented in a VAT return is erroneous.

Remember that, while tax returns must be submitted and paid electronically, you must also preserve accurate accounting records and papers relevant to your activity. This will allow the FTA to ensure that you have done everything correctly. These business records comprise documents such as the balance sheet, profit and loss account, payroll records, wages, fixed assets, records, and inventory statements.

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soulwallet · 5 years ago

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Are You Carrying the Right Credit Card in Your Wallet?

Credit cards make life easier - boost our purchasing power and makes big-ticket purchases much easier. They offer financial convenience in times of an emergency and come with a range of different benefits.

Credit cards offer ease of transactions and can also become a source of savings when you choose the right ones and then use them the right way.

Here are three questions that will help you determine if the card you have works well for your particular needs.

1. Does your credit card loyalty program offer the best value to long standing customers?

Credit cards in the UAE offer several exciting features for new cardholders that usually are for a limited period only. Alluring signup bonuses, zero-interest periods, waived annual fees and many more schemes are available for new card applicants.

However, what rewards do these credit cards offer over the long term? This is vital information that one should check before deciding on the most suitable credit card. This will also help you decide whether it’s worth sticking with your existing bank’s credit card or if you indeed need to change and would be better off with another option.

The rewards offered for signing up are one of the main reasons people switch credit cards frequently. Consumers usually change cards for the better rewards program and to take advantage of signup offers that last for a limited period only.

It is important that the credit card you have chosen offers you good value for both short term and long term as well. An attractive signup bonus offer, a 0% interest period, no annual fee for the first year, or high spending rewards and other such perks must be attractive and indeed competitive over the long term and not just during the initial signup offer period.

The whole package of benefits to suit your lifestyle and spending patterns must be balanced between immediate rewards and long-term value. Your credit card must be suitable for your everyday purchases and your typical spending patterns.

If you can continue to enjoy great benefits from your credit card over a long-term without incurring additional costs and with minimum efforts, then it is worth considering to keeping on with you. But if the ongoing benefits are not appealing it is definitely worth looking out for a better option.

2. How well does your credit card rate for the features that you use most?

The credit card in your wallet must have the incentives suitable for your spending patterns and lifestyle. There are a set of distinctive perks available on different credit cards offered by various UAE banks.

Hence, begin analyzing your spending patterns by accessing your credit card statements. Note down expense categories on which you spend the most as this can help you identify the credit card that best rewards that type of spend.

For instance, frequent travelers would be better off having a credit card that offers rewards on airline tickets and hotel stays and benefits such as airport transfers and VIP lounge access. Such credit cards typically have an annual fee component but frequent travelers generally gain back the value from the perks and rewards offered.

There are also credit cards with travel benefits that fit the needs of travelers looking for best deals, such as discounts on travel, dining and hotel stay along with the flexibility in reward redemption.

If you use your car a lot then it would be advisable to check for credit cards that offer fuel discounts, gas credits or rewards features on amounts spent at gas stations.

If you love playing golf - an expensive hobby to keep up, owning a credit card that has exclusive privileges on golf like a free tee-time once or twice every month at selected locations can be a good choice. Movie lovers will benefit if their credit card offers them a buy-one-get-one cinema ticket or similar movie discounts. When eating out is a weekly habit for you, dining discounts and perks on the card is a must.

For those who live a simpler life and spend only on basic necessities, cards offering cashback or rewards on groceries and other retail expenses can be the most rewarding. Hence, do review your regular expenses to choose a credit card that best rewards your lifestyle.

3. Is the type of credit card you carry, giving you the right value-based your lifestyle?

Credit card operators offer perks to customers differentiating their value-added services such as cashback, miles or rewards programs. When looking for real value on your credit card, it’s vital to match the type of card perks with your spending needs.

Cashback cards help cardholders get a percentage of their spend back on specific expense types incurred on the card. If you are a frequent credit card user then even a small percentage rebate can help you save money. Cashback earned is usually directly credited to your credit card account as money back.

Cashback on a flat-rate credit cards typically pay anywhere between 0.75% to 1.25% for all purchases whereas tiered and bonus-category credit cards give higher cashback rates at selected merchants or on certain types of purchases (groceries, school fees, fuel etc.) but with a nominal (usually 0.25% to 1%) reward on all other purchases.

So if you prefer some extra money in your pocket than other rewards, a cashback credit card could be the answer. However, do keep in mind that even cashback offers come with their own terms and conditions - prominent ones being a minimum spend requirement and maximum possible cashback restrictions (or caps).

For travel enthusiasts credit cards that offers air miles as a reward could be a better option. These cards provide higher miles on travel purchases and international spending made via the credit card.

It is true that joining bonuses are often the most attractive reasons to apply for a new credit card. However, in the following years, you’ll need to spend more to gain attractive rewards, especially if the card has an annual fee.

When redeeming miles, also note that there could be blackout dates, airline restrictions, or booking instructions that you will have to consider. Reward points offered on credit cards in the UAE are very diverse. You can accumulate reward points against spend and then redeem these points for various items – shopping vouchers, gifts, and even air miles. However, similar to cashback, these rewards credit cards also sometimes have an expenditure cap attached to them.

As is most often the case, there is no perfect credit card for everyone. But there could be definitely a perfect credit card best suited to your individual purchase patterns and benefit preferences. Taking that little extra effort to “align” yourself to the best credit card for ‘you’ can not only help maximize your savings but also provide you with meaningful benefits to enjoy.

#credit cards #personal finance #cashback cards #best credit cards in uae #travel cards #compare credit cards

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omaruae2019-blog · 5 years ago

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Tips to Choose the Best Credit Card in UAE

Are you looking for best credit card that will serve all your needs? Then you must be feeling confused with hundreds of credit cards available in the market. Sure, there are multiple benefits of owning the credit card but having the right one is important to meet all your needs. Here are some tips to help you find the best credit card in UAE.

Evaluate your needs

Assess your lifestyle before applying for the credit card. What are your different needs? Shopping or flying or dining out or movie and anything more? You can then scout a specific category of card that will be more useful to you.

Assess your spending habits

You must be well-aware of your finances and how much do you spend each month. There are different types of credit cards and each serve different needs. So, if you are shopaholic and have taken loans, then there might be specific kind of cards that may be helpful you. For instance, prepaid cards will help you rein in your expenses.

Capability to pay off

If you are spendthrift, then you must be ready to pay off the interest amount each month. If the interest rate is in the range of 24-48%, then you may have expensive debt at the end of each credit period. If you are not confident then it is suggested to go for a credit card with low interest rates.

Do you know your credit score?

Credit score helps in making informed decision about the type of credit card to buy. Based on your score you can check out the best credit card offer matching your credit profile. Having a prepaid or secured credit will help you rebuild your low credit score.

Be prudent

The goal of most advertisements is to attract you with features like no annual fee. But do not fall prey to them. First choose the best category of card and then look for best offer for the selected card. Even if there is no annual fee you will be liable to pay a certain amount every year. Keep yourself clear about all the terms and conditions related to offers, vouchers and gifts.

Wrap up

These are the five things to keep in mind when planning for best credit card in UAE so that you do not get caught up in the debt spiral. If you need any professional help you may contact SoulWallet. We will help you find the best value card for your needs. Whether you need all credit cards details or no annual fee credit card, cash back credit card, air miles credit cards, business credit card- just name it, we've it for you. Considering a set of parameters, we will narrow down the choices from over 200+ credit cards in the market and recommend the best one for you. Get started now!

#credit card in UAE #best credit card in UAE

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justquickmoneyloans-blog · 6 years ago

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5 Simple Facts About Quick Money Loans Explained

If you happen to're in the market for a car and have below-average credit, you've in all probability been asked by a automotive supplier or two about whether or not or not you could have money to put down. Arduous money loans key elements are fastest processing, not linked with Online Money Loan lender's credit score document, earnings degree and source, terms: versatile mortgage phrases in 6months and 20 years, could be borrowed even in case of legal and operation issues, loan measurement, collateral: property and other mounted or liquid properties and special state of affairs financing structure introduced for all type of business or residential property development that can not be funded by the standard lender.

We are pleased to provide auto title loans, payday loans, and installment loans with no added fees and a speedy approval course of. Use a few of that money to pay balances down on your credit cards. Jackpot winnings are often set up as structured payments for tax purposes. When you have a spotty credit historical past with many excellent debts, you'll not be offered a great fee from a financial institution. These could embrace approval fees, repayment charges, institution charges and redraw fees just to call just a few. Some lenders will consider you Quick Money Loans for a mortgage while you're not at the moment employed, however you will need to be earning some type of income or have suitable revenue-earning assets to repay the mortgage. The first distinction is a home fairness mortgage is a second loan, and it's a must to make payments on each the primary mortgage and the home fairness loan. Get quotes from a couple of vs mortgage lenders since they set their very own interest rates and impose their own minimal credit score rating necessities. While you use a private mortgage to consolidate debt, however, you might be able to increase your credit score rating. When you have decrease credit and less money accessible for a down cost, you may be eligible for the federally backed fha loans, which generally have higher interest rates.

Loanmoney can provide business mortgage in rohtak from hdfc bank, axis financial institution, icici financial institution, idbi financial institution, punjab and sind bank vijaya financial institution, punjab nationwide bank indian bank, financial institution of baroda, oriental bank of commerce, dena financial institution, inside financial institution, allahabad bank. Get a payday mortgage quick with speedy cash. For instance, if you get short term personal loans , it's possible you'll need to pay back $5000+ in complete over a couple of months. Please note that part cost will have no affect on your credit standing. I might recommend loan me to my Money To Loan Bad Credit associates who needed money so badly and get it proper on time. Securing a loan implies that there is something of worth that the private lender good points possession and control over if the borrower doesn't pay of the mortgage. General i was given a fantastic price and a payback time that match my needs. The commerce-off for borrowing quick cash might be a sky-high annual proportion charge and curiosity funds that depart you in debt for years. Spotloansm is a brand owned by bluechip financial, a tribally-owned entity organized under and ruled by the laws of the turtle mountain band of chippewa indians of north dakota, a federally recognized indian tribe.

Vets will pay no cash down so long as the home worth would not exceed the mortgage limits for the county. Remember: a payday mortgage is a excessive-value financial product. After a credit score verify, which does not decide eligibility for a mortgage, the credit score union loans the cash to the person and places a maintain on st. Vincent de paul's account within the amount of the mortgage. I've a friend who signed a promossory be aware basically stating that he promised to pay his father in legislation back $$$ (a hefty credit card balance) Get Money Now Loan that had 1) no date as to when the cash would be paid back, 2) no rate of interest mentioned in the word and 3) absolutely no point out of payments or a cost plan. Uae has licensed cash lenders spread out there which might be fulfilling the financial wants of individuals. The first step is to search out brief term mortgage lenders. It supplies personal loans at minimal documentation and flexible emi's. But division of finance information shows the share of unregulated lenders has shot to 12.5 per cent of canada's $1.6-trillion mortgage market in 2015, up from 6.6 per cent in 2007. What's more, these loans usually have variable mortgage rates, extreme or hidden fees, and even malicious phrases and situations hooked up to them, so ensure to learn the lender's privacy coverage beforehand.

#Money Loans OnlineMoney Loans With Bad CreditFast Money Loan

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s-sania · 4 months ago

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Are you a frequent traveler looking to maximize your benefits? The best travel credit card in the UAE is designed to offer exceptional perks for globetrotters. Whether you’re flying for business or leisure, this card provides exclusive rewards that make every journey more enjoyable.

Enjoy earning miles on every purchase, which can be redeemed for flights, hotel stays, and more. Benefit from complimentary airport lounge access, travel insurance, and concierge services. Additionally, many cards offer no foreign transaction fees, ensuring you get the best value when spending abroad.

Top travel credit cards in the UAE also provide welcome bonuses, giving you a head start on earning rewards. Look out for cards with flexible redemption options, allowing you to use your miles with various airlines and hotel chains.

To find the best travel credit card in the UAE, compare factors like annual fees, interest rates, and the breadth of benefits offered. A card that aligns with your spending habits and travel preferences can save you money and enhance your travel experiences.

Unlock the world with the perfect travel companion in your wallet. Start your journey towards smarter travel today!

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buypropertyeasy · 2 years ago

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Top 9 Real Estate Crowdfunding Sites

SmartCrowd

WHO ARE THEY?

Simply said, SmartCrowd is a real estate crowdfunding platform

Users can earn rental profits by purchasing and owning shares in entire property units

They buy and own real estate under a Special Purpose Vehicle (SPV) framework

They are the Middle East’s first and largest regulated crowdfunding property investment platform

ELIGIBILITY: Investors worldwide

MINIMUM INVESTMENT: AED 500 or USD 140

INVESTMENT COSTS/FEES:

4% transaction fee (split as 1.5% during purchase + 2.5% during sale)

0.5% admin fee annual on whole portfolio amount

PRIMARY HANDLING CURRENCY: AED and GBP

REGULATED BY: Dubai Financial Services Authority (“DFSA”), United Arab Emirates

WHY THEM?

High monthly dividend yields in comparison to the competition (usually 5%–8% per annum)

The majority of listings are converted to vacation properties, boosting your dividend payouts

You can deposit via wire transfer or by simply linking your bank account to your portal

Building trust — the CEO and team are actively connected with the audience through webinars and seminars

Statistical and analytical data, as well as any legal deeds and papers within the platform, are easily available after login for both current portfolio and classifieds

WHY NOT THEM?

Credit/debit card deposits are not accepted

When compared to the competitors, it takes longer than expected to obtain deeds and contracts

Dividend payments are sometimes delayed

The compliance process is a little more time-consuming

TRIED THEM OUT? Invested, making dividends

2. Stake

WHO ARE THEY?

Stake is a new real estate crowdfunding player in the UAE’s expanding property fintech ecosystem

They offer a highly competitive structure as well as incredible property listings with minimal minimums

Dividends are paid out monthly, and the real estate is purchased and owned through a Special Purpose Vehicle (SPV) system

ELIGIBILITY:

Investors worldwide. Age 18+

MINIMUM INVESTMENT:

AED 500 or USD 140

INVESTMENT COSTS/FEES:

4% transaction fee (split as 1.5% during purchase + 2.5% during sale)

5% admin fee annual on the whole portfolio amount

15% of profit if the property is sold at a higher price than the total funding target (this is not a fee basically)

PRIMARY HANDLING CURRENCY: AED and USD

REGULATED BY:

Dubai Financial Services Authority (“DFSA”), United Arab Emirates

WHY THEM?

Property listings in high-profile areas (good for the hype and brags, not really for returns)

Excellent low minimum bargains are periodically made available (e.g. 1 AED minimums)

Simple onboarding yet stringent compliance

Possibility of depositing through card and wire transfer

WHY NOT THEM?

Dividend yields are lower than the rivals (usually 4%–6% per annum)

Minimums differ between properties

The platform is not very appealing or well-developed because users cannot quickly access the most relevant statistics, such as dividend yield, on the listings page itself

It is not possible to compare numerous listing opportunities with a right-click

TRIED THEM OUT? (Level 1–5 scale)

Level 5 — Invested, making returns/made a sale

3. Fundrise

WHO ARE THEY?

Fundrise is an online real estate company that allows ordinary individuals to participate in private commercial and residential buildings by pooling their assets through an investment platform

Fundrise’s primary products are real estate investment trusts, or REITs, which invest in income-producing real estate by purchasing and managing properties or retaining mortgages

ELIGIBILITY:

Only available to U.S. citizens (or permanent residents) currently residing in the U.S. who are over the age of 18

MINIMUM INVESTMENT:

$10 to $100,000, depending on the account level

INVESTMENT COSTS/FEES:

0.15% Advisory fee; 0.85% Asset management fee

PRIMARY HANDLING CURRENCY: USD

REGULATED BY:

Financial Industry Regulatory Authority, Inc (FINRA)

WHY THEM?

There is no accreditation necessary

App with a high rating

You can redeem your shares at any time (possible fees and redemption not guaranteed)

WHY NOT THEM?

Nonqualified dividends

4. Yieldstreet

WHO ARE THEY?

Yieldstreet makes alternative investments that were previously only available to a limited fraction of investors available to individual investors

Investors can produce passive income and expand their wealth by diversifying their portfolio with alternative assets from several asset types, including real estate

ELIGIBILITY:

Open to all investors, regardless of net worth or accreditation status.

MINIMUM INVESTMENT:

$10,000

INVESTMENT COSTS/FEES:

0% — 2.5% management fees; other fees apply

PRIMARY HANDLING CURRENCY: USD

REGULATED BY:

U.S. Securities and Exchange Commission (SEC).

WHY THEM?

Real estate, commercial, marine, legal, and art investments are available so you can diversify within the real estate asset class

Individuals’ ability to invest in private structured credit arrangements

WHY NOT THEM?

Investing in highly illiquid assets

Most investments are only available to accredited investors

There are few options available

TRIED THEM OUT?

Not yet, as the minimums are too high.

5. RealtyMogul

WHO ARE THEY?

More than 219,000 investors have joined RealtyMogul since its establishment in 2012 to have access to its REITs and private market products

The organization is known for its exceptional due diligence, as it personally vets every possible property and scrutinizes each purchase using proprietary procedures and models

Investors can pick between three goals: growth, diversity, and passive income

ELIGIBILITY:

Users who are eighteen (18) years of age or older

MINIMUM INVESTMENT:

$1,000

INVESTMENT COSTS/FEES:

1% to 1.5%

PRIMARY HANDLING CURRENCY: USD

REGULATED BY:

Securities and Exchange Commission (SEC)

WHY THEM?

Excellent investment selection

Extensive research

Monthly REIT auto-investment starts at $250 per month

WHY NOT THEM?

Each investment comes with its own set of costs.

Investments that are difficult to sell or trade

Some lengthy hold times

6. EquityMultiple

WHO ARE THEY?

EquityMultiple invests nearly completely in institutional commercial real estate and also provides equity, preferred stock, and senior loans

The company recently expanded its portfolio with tax-advantaged real estate investments (Opportunity Zone and 1031 exchange) and fund products

The frequency of distribution varies by the deal, but it is frequently monthly or quarterly

ELIGIBILITY:

Accredited investors only

MINIMUM INVESTMENT:

$10,000

INVESTMENT COSTS/FEES:

1% on equity investments; additional fees vary depending on the product

PRIMARY HANDLING CURRENCY: USD

REGULATED BY:

Securities and Exchange Commission.

WHY THEM?

Excellent investment selection

Various target hold times are available.

Simple to use platform

WHY NOT THEM?

Only accredited investors may participate.

The minimum investment is steep.

Options for redemption are limited.

7. CrowdStreet

WHO ARE THEY?

Crowdstreet has attracted over 100,000 investors from around the United States

Its novel strategy provides direct access to a carefully vetted portfolio of institutional-quality real estate investments

Accredited investors might choose to invest in a single property or a fund

ELIGIBILITY:

Only U.S. citizens and green card holders. Can vary depending on offering, but generally $25,000

MINIMUM INVESTMENT:

$25,000

INVESTMENT COSTS/FEES:

0.50% to 2.5% for CrowdStreet funds; other fees vary by offering

PRIMARY HANDLING CURRENCY: USD

REGULATED BY:

Broker-dealer registered with FINRA and a member of SIPC

WHY THEM?

An easy-to-use platform with a helpful chatbot

Offerings of institutional calibre

Easily accessible investment information (once you sign up for a free account)

WHY NOT THEM?

Only accredited investors may participate

Minimum investment amounts are steep

There are no early withdrawals

8. DiversyFund

WHO ARE THEY?

DiversyFund’s model is unique in the realm of real estate crowdfunding

DiversyFund acquires, develops, and manages a portfolio of properties, gathers cash flow, and distributes profits to its clients rather than acting as a broker who connects investors with projects

It does not charge any administration or broker fees, unlike some crowdfunding services

ELIGIBILITY:

Any US resident, unaccredited or accredited, over the age of 18 can currently invest.

MINIMUM INVESTMENT:

$500 depending on account level

INVESTMENT COSTS/FEES:

2% to 8% developer fee

PRIMARY HANDLING CURRENCY: USD

REGULATED BY:

U.S. Security and Exchange Commission and incorporated in the state of Delaware

WHY THEM?

Investors pay no management fees

One of the few platforms that have a mobile app

The minimum investment is low

WHY NOT THEM?

Investment options are limited

There are no early withdrawals

Payment will be made at the conclusion of the investment term.

9. Yielders

WHO ARE THEY?

Finance Technology Platform — We use cutting-edge web technologies to make our property investment options available to you

The FCA directly authorizes and regulates them

Equity Crowd Investing is based on ethical and Sharia-compliant concepts

Yielders aim to offer low-risk investing choices with comparably better returns

ELIGIBILITY:

Open to investors worldwide

MINIMUM INVESTMENT: £100

INVESTMENT COSTS/FEES:

Yielders charge a 2.5% structuring fee, a 10% management fee and a 15% profit share on exit

PRIMARY HANDLING CURRENCY:

Main currency GBP (£)

REGULATED BY: FCA

WHY THEM?

They have a mix of commercial and residential properties which helps you to diversify your investments

The investment calculator is quite helpful in determining returns per property invested into

WHY NOT THEM?

Client engagement and trust-building are low with lesser events and newsletters as compared to other sites

Paying methods for transferring funds to the platform are restrictive with maximum limits and fees while direct debit is available for the UK only

DISCLOSURE:

None of these articles constitutes financial advice. Articles are highly summarised to make it easy for the reader and save your time, so please DYOR further before putting your hard-earned money into any product mentioned.

Please note that the tech industry evolves rapidly and this article's information is correct at the time of publishing. As Heraclitus said, “Change is the only constant”, so if anything sounds old or off please holler on the socials or comment here so everyone stays peeled.

Affiliate links may be included in these articles and signups through these links are highly appreciated. These links support better research and quality writing and help you find the right products with less hassle, so it’s a win-win :) Great care is taken to ensure the links are from authentic, non-spammy sources.

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#real estate #funding #crowdfunding #investment #buypropertyeasy #real estate investments

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banqmart1 · 3 years ago

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Best Credit card for golfers in UAE

Golf is one of the favorite sports in the UAE. Banks and other financial institutions now offer golf rewards credit cards which allow cardholders to access a variety of golf courses on a complimentary basis. Find the best credit card for golfers in UAE.

The Emirates-Citibank Ultimate Credit Card in UAE provides excellent golf privileges. This card provides complimentary golf once a month to cardholders at some of the UAE's top golf courses.

ADCB offers three TouchPoints Credit Cards in UAE, To be eligible for this card, you must have a minimum salary of AED 15,000 and the annual charge applicable for this golf card is AED 630.

Emirates NBD's Titanium Credit Card, you may not only enjoy a world of travel and lifestyle benefits, but it also gives you a chance to enjoy golf privileges. The annual fee of this credit card is AED 400.

Mashreq's Platinum Elite card offers golf since it has a modest minimum wage criterion of AED 7,000 per month and fantastic bonuses. It allows you to enjoy one free round of golf every month. You also receive a free golf cart, discounted green fees for accompanying guests, up to a 25% discount on food, and a 20% discount on drinks – as well as free Wi-Fi, valet, and locker services.

#creditcards

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sanaalsuqair · 3 years ago

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How a Credit Card Can Come To Your Aid in the UAE

Credit cards are popular among a niche segment that understands and implement the benefits coming out of a card. Why is it a niche segment? Every citizen is not entitled to a Credit Card of some elite value. There are credit cards of various types and some of them are for the masses. There are exclusive cards meant for the classes because these cards do generate extraordinary benefits for the owners in various packages including shopping discounts, instalment facilities, airport lounge privilege, and air-mile advantage. These are somewhat expensive, and you have got to fork out chunks of money to own them and use them. So, affordability is a factor one should consider before deciding on a credit card.

If you are a resident of one of the cities of UAE, you must use Credit Card in UAE. UAE is a country of the wealthy whose per capita income surpasses some of the best countries of the developed world. Your life becomes easy having a Credit Card because nowhere ever do you have to bother about cash for making payments. You may find yourself low in balance at your bank, and your debit card is literally defunct while making purchases or doing hotel bookings. Using the credit card, you are entitled to a loan that you repay over time under unique terms and conditions between you and the card company. Hence, it is important you own the responsibility that comes with convenience. If you are wise, you will be parsimonious and all the more thrifty with your credit card. People, even the wealthy lot, who use Credit Card in UAE, have to be thrifty if they are smart enough. They should know how to get the maximum out of the card and how not to get ensnared by the temptations to splurge.

A Credit Card will be of huge help under certain circumstances. There are times when you have to make emergent expenses that cannot wait but you are just unable to meet them. When you or any of your near ones fall sick and needs immediate hospitalization, you need to pay the bills for the OT and medicines and so many other relevant expenses. You may not be flushed with cash all the same. A Credit Card will come to your aid. During your overseas travels, a Credit Card will bring you the desired relief while going about places and putting up at hotels.

You should be mindful of the following before you decide on using the credit card:

Rate of interest: it may vary from card to card. You should read between the lines on the interest rate literature on the brochure given by the Credit Card Company. The interest rate charged depends on your credit history and your employment.

Rate of exchange: It is especially true if you are a frequent flyer and travel abroad. You should have a sound spending plan for the tour abroad because there will be a different currency.

Annual fee: this is the fee charged to you annually. You should be aware of its terms and conditions.

Gifts and benefits: Credit Card providers do proffer multiple gifts and bonuses that make the card so unique and different from others. There are cards that give you the advantage of earning points while making expenses. It can be redeemed at various service providers.

You should know your credit limit and the minimum salary that you must be earning to be eligible for the card.

#use Credit Card in UAE

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