Palmiye a\u011fa\u00e7lar\u0131, su kenar\u0131ndaki kuleler, her \u00e7eyrekte bir vin\u00e7 ekleniyormu\u015f gibi g\u00f6r\u00fcnen bir siluet ve yerel olmaktan \u00e7ok uluslararas\u0131 bir al\u0131c\u0131 taban\u0131 – Dubai ve Miami, son birka\u00e7 y\u0131l i\u00e7inde o kadar s\u0131k kar\u015f\u0131la\u015ft\u0131r\u0131ld\u0131 ki bu kar\u015f\u0131la\u015ft\u0131rma kendi ba\u015f\u0131na bir t\u00fcr haline geldi. Her iki \u015fehir de modern gayrimenkul kimli\u011fini yabanc\u0131 sermayeye off-plan sat\u0131\u015flar\u0131yla in\u015fa etti; ikisi de a\u015f\u0131r\u0131 \u0131s\u0131nma su\u00e7lamalar\u0131na maruz kald\u0131 ve yine de in\u015fa etmeye devam etti. Benzerlikler ger\u00e7ek. Farkl\u0131l\u0131klar da \u00f6yle ve bunlar en net \u015fekilde vergi faturas\u0131 ve ince yaz\u0131da, siluette de\u011fil, kendini g\u00f6steriyor.<\/p>\n
Miami’nin \u00f6n in\u015faat pazar\u0131 olduk\u00e7a dayan\u0131kl\u0131 kalmaya devam etti. Brickell, Edgewater, Coral Gables, Coconut Grove ve Miami Beach’te \u015fu anda 60’tan fazla aktif l\u00fcks geli\u015ftirme s\u00fcrecinde ve \u00f6n in\u015faat rezervasyon hacmi ge\u00e7en y\u0131l\u0131n temposunun olduk\u00e7a \u00f6n\u00fcnde ilerliyor. Markal\u0131 konutlar – bir otel veya moda evinin ad\u0131n\u0131 ta\u015f\u0131yan kuleler – markas\u0131z \u00fcr\u00fcnlere g\u00f6re anlaml\u0131 bir prim talep ediyor ve \u015fehir, uluslararas\u0131 al\u0131c\u0131lar i\u00e7in en \u00fcst d\u00fczey ABD pazar\u0131 olmaya devam ediyor; yabanc\u0131 yat\u0131r\u0131mc\u0131lar, yeni in\u015faat sat\u0131\u015flar\u0131n\u0131n b\u00fcy\u00fck bir \u00e7o\u011funlu\u011funu y\u00f6nlendiriyor ve Latin Amerikal\u0131 sermaye bunlar\u0131n ba\u015f\u0131nda geliyor.<\/p>\n
Dubai’nin off-plan pazar\u0131 tamamen farkl\u0131 bir \u00f6l\u00e7ekle \u00e7al\u0131\u015f\u0131yor; yeni proje lansmanlar\u0131, bir\u00e7ok k\u00fcresel \u015fehrin e\u015fle\u015femeyece\u011fi bir h\u0131zda duyuruluyor ve geli\u015ftirici fon \u00e7ekimlerinin onaylanm\u0131\u015f in\u015faat a\u015famalar\u0131na ba\u011fl\u0131 olmas\u0131n\u0131 gerektiren RERA d\u00fczenlemeli bir emanet sistemi bulunuyor – Miami al\u0131c\u0131lar\u0131n\u0131n sahip olmad\u0131\u011f\u0131 merkezi bir yap\u0131 koruma. Her iki pazar da off-plan al\u0131c\u0131lar\u0131n\u0131 depozito ve emanet mekanizmalar\u0131 arac\u0131l\u0131\u011f\u0131yla korurken, Dubai’ninki, her kay\u0131tl\u0131 proje i\u00e7in e\u015fit \u015fekilde uygulanan tek bir h\u00fck\u00fcmet taraf\u0131ndan belirlenen \u00e7er\u00e7evedir; oysa Miami’de geli\u015ftiriciye \u00f6zg\u00fc ve eyalet d\u00fczeyinde \u015fartlar\u0131n bir kar\u0131\u015f\u0131m\u0131 vard\u0131r.<\/p>\n
\u0130ki pazar\u0131n en belirgin \u015fekilde ayr\u0131ld\u0131\u011f\u0131 yer buras\u0131d\u0131r. Miami’de sat\u0131n alan bir Amerikal\u0131 al\u0131c\u0131, kiralama gelirinde federal gelir vergisi \u00f6der; bu, en y\u00fcksek marjinal oranla %37’ye kadar \u00e7\u0131kabilir, sat\u0131\u015fta %20’ye kadar federal sermaye kazanc\u0131 vergisi ve daha y\u00fcksek gelir sahipleri i\u00e7in %3.8 net yat\u0131r\u0131m gelir vergisi, ayr\u0131ca y\u0131ll\u0131k m\u00fclk vergisi olarak tahmin edilen de\u011ferin yakla\u015f\u0131k %1.8’ini \u00f6der – bu, birim kiralanmasa bile her y\u0131l sahiplik s\u00fcresince biriken bir maliyet.<\/p>\n
Yabanc\u0131, ABD d\u0131\u015f\u0131ndaki bir sat\u0131c\u0131 ek bir katmanla kar\u015f\u0131la\u015f\u0131r: FIRPTA, Yabanc\u0131 Gayrimenkul Yat\u0131r\u0131m Vergisi Yasas\u0131, kapan\u0131\u015fta br\u00fct sat\u0131\u015f fiyat\u0131n\u0131n %15’ini kesintiye al\u0131r, kazanc\u0131n %15’ini de\u011fil ve yaln\u0131zca bir ABD vergi beyannamesi verildikten sonra iade edilir. Be\u015f milyon dolarl\u0131k bir sat\u0131\u015fta, bu, k\u00e2r konu\u015fmaya bile girmeden kapan\u0131\u015f masas\u0131nda kesilen yedi y\u00fcz elli bin dolard\u0131r.<\/p>\n
\u00d6te yandan, Dubai’nin al\u0131c\u0131s\u0131, y\u0131ll\u0131k m\u00fclk vergisi, sat\u0131\u015fta sermaye kazanc\u0131 vergisi ve kiralama gelirine y\u00f6nelik vergi \u00f6demiyor, Dubai Arazi Departman\u0131’n\u0131n tek seferlik %4 transfer \u00fccreti, tek anlaml\u0131 i\u015flem maliyeti olarak kal\u0131yor. Tabii ki, kendi \u00fclkelerinde vergi m\u00fckellefi olan yat\u0131r\u0131mc\u0131lar, d\u00fcnya \u00e7ap\u0131ndaki gelirleri \u00fczerinde orada vergi \u00f6demeye devam etmek zorundad\u0131r – Dubai’nin s\u0131f\u0131r oran\u0131, al\u0131c\u0131n\u0131n tam k\u00fcresel durumunu de\u011fil, kendi yarg\u0131 alan\u0131n\u0131 tan\u0131mlar – ancak y\u0131ll\u0131k tekrar eden bir ABD vergi faturas\u0131n\u0131n ve tek seferlik bir BAE transfer \u00fccretinin yap\u0131sal farkl\u0131l\u0131\u011f\u0131 abart\u0131lamaz.<\/p>\n
Miami’nin fiyat b\u00fcy\u00fcmesi patlay\u0131c\u0131 de\u011fil, istikrarl\u0131 olmu\u015ftur: Bir milyon dolardan fazla olan konut pazar\u0131nda metrekare ba\u015f\u0131na ortalama fiyat 2024’te yakla\u015f\u0131k 986 dolardan 2025’te 1,030 dolar\u0131n \u00fczerine \u00e7\u0131kt\u0131; baz\u0131 yeni in\u015faat \u00fcr\u00fcnleri \u015fimdi 1,080 dolar\u0131 ge\u00e7iyor ve 2026’n\u0131n geri kalan\u0131nda daha fazla, \u0131l\u0131ml\u0131 de\u011fer art\u0131\u015f\u0131 \u00f6ng\u00f6r\u00fcl\u00fcyor. Bu, olgun, arz k\u0131s\u0131tl\u0131 bir k\u0131y\u0131 pazar\u0131n\u0131n b\u00fcy\u00fcme profilidir.<\/p>\n
Dubai’nin b\u00fcy\u00fcme e\u011filimi, demografik \u00e7ekimle daha yak\u0131n bir \u015fekilde y\u00f6nlendirilmi\u015ftir – \u015fehirdeki off-plan \u00fcr\u00fcn talebini \u015fekillendiren s\u00fcrd\u00fcr\u00fclebilir, \u00e7ok y\u0131ll\u0131 bir sermaye ve sakin ak\u0131\u015f\u0131; bu, Dubai Marina ve Downtown gibi yerle\u015fik adreslerden, h\u00e2l\u00e2 in\u015faat a\u015famas\u0131ndaki daha yeni master planlara kadar uzan\u0131yor. Miami’nin hikayesi b\u00fcy\u00fck \u00f6l\u00e7\u00fcde k\u0131tl\u0131kla ilgiliyken, Dubai’nin hikayesi b\u00fcy\u00fck \u00f6l\u00e7\u00fcde ak\u0131\u015fla ilgilidir.<\/p>\n
Her iki \u015fehir de off-plan al\u0131c\u0131lar\u0131n\u0131 korumak i\u00e7in emanet mekanizmalar\u0131 kullan\u0131yor, ancak Dubai’nin sistemi, RERA taraf\u0131ndan d\u00fczenlenen ve her kay\u0131tl\u0131 projeye e\u015fit \u015fekilde uygulanan tek bir h\u00fck\u00fcmet taraf\u0131ndan belirlenen \u00e7er\u00e7evedir; geli\u015ftirici fonlar\u0131 yaln\u0131zca onaylanm\u0131\u015f in\u015faat a\u015famalar\u0131na kar\u015f\u0131 serbest b\u0131rak\u0131l\u0131r. Miami’de de korumalar mevcut, ancak bunlar geli\u015ftiriciye \u00f6zg\u00fc ve eyalet d\u00fczeyinde s\u00f6zle\u015fmesel \u015fartlardan olu\u015fan daha \u00e7e\u015fitli bir set arac\u0131l\u0131\u011f\u0131yla sa\u011flanmaktad\u0131r.<\/p>\n
FIRPTA, bir yabanc\u0131 ki\u015fi ABD gayrimenkul\u00fcn\u00fc satt\u0131\u011f\u0131nda br\u00fct sat\u0131\u015f fiyat\u0131n\u0131n %15’ini kesintiye alan bir ABD federal yasas\u0131d\u0131r; bu, elde edilen ger\u00e7ek k\u00e2rdan ba\u011f\u0131ms\u0131zd\u0131r. Sat\u0131\u015f noktas\u0131nda uygulan\u0131r, sat\u0131n alma noktas\u0131nda de\u011fil, bu y\u00fczden Miami m\u00fclk\u00fcnden \u00e7\u0131k\u0131\u015f plan\u0131 yapan yabanc\u0131 sahipler i\u00e7in en alakal\u0131d\u0131r, ilk al\u0131m karar\u0131na de\u011fil.<\/p>\n
Dubai, yap\u0131sal olarak. Miami sahipleri, tahmin edilen de\u011ferin yakla\u015f\u0131k %1.8’lik y\u0131ll\u0131k m\u00fclk vergisi ile birlikte kiralama geliri ve sermaye kazanc\u0131 \u00fczerinde ABD federal vergisi \u00f6demekte; t\u00fcm bunlar tekrarlayan maliyetlerdir. Dubai’de y\u0131ll\u0131k m\u00fclk vergisi, sermaye kazanc\u0131 vergisi ve kiralama geliri vergisi yoktur; yaln\u0131zca sat\u0131n alma s\u0131ras\u0131nda \u00f6denen bir seferlik maliyet olarak Dubai Arazi Departman\u0131’n\u0131n %4 transfer \u00fccreti bulunmaktad\u0131r.<\/p>\n
Miami, uluslararas\u0131 talep, diren\u00e7li l\u00fcks al\u0131c\u0131 taban\u0131 ve di\u011fer ABD pazarlar\u0131 so\u011fudu\u011funda bile geni\u015fleyen bir siluete sahip olmas\u0131 nedeniyle itibar\u0131n\u0131 zor yoldan kazand\u0131. Dubai’nin rakamlar\u0131 bu durumu de\u011fi\u015ftirmez. Kar\u015f\u0131la\u015ft\u0131rma, iki \u015fehrin kapan\u0131\u015f sonras\u0131 y\u0131llara nas\u0131l farkl\u0131 \u015fekilde davrand\u0131\u011f\u0131n\u0131 vurgular: biri m\u00fclkiyeti y\u0131ll\u0131k olarak vergiye tabi tutar ve \u00e7\u0131k\u0131\u015f\u0131 tekrar vergiye tabi k\u0131larken, di\u011feri b\u00fcy\u00fck \u00f6l\u00e7\u00fcde yolundan \u00e7ekilir. Arsha Homes’da, iki \u015fehri de\u011ferlendiren uluslararas\u0131 al\u0131c\u0131lar genellikle bunu bir \u015fehri di\u011ferine tercih etmek olarak \u00e7er\u00e7evelemez; daha s\u0131k olarak, Dubai’nin daha hafif ve daha \u00f6ng\u00f6r\u00fclebilir uzun vadeli maliyet yap\u0131s\u0131, \u00e7e\u015fitlendirilmi\u015f bir portf\u00f6y\u00fc daha fazla kendi y\u00f6n\u00fcne kayd\u0131r\u0131r.<\/p>\n","protected":false},"excerpt":{"rendered":"
Dubai ve Miami, modern siluetlerini uluslararas\u0131 al\u0131c\u0131lara off-plan sat\u0131\u015flarla in\u015fa etti, ancak iki pazar, kapan\u0131\u015f sonras\u0131 vergi faturas\u0131 dikkate al\u0131nd\u0131\u011f\u0131nda m\u00fclkiyeti \u00e7ok farkl\u0131 \u015fekilde ele al\u0131yor.<\/p>\n","protected":false},"author":1,"featured_media":18268,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2768],"tags":[],"class_list":["post-18352","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dubai-vs-the-world"],"_links":{"self":[{"href":"https:\/\/arshahomes.com\/tr\/wp-json\/wp\/v2\/posts\/18352","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arshahomes.com\/tr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arshahomes.com\/tr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arshahomes.com\/tr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/arshahomes.com\/tr\/wp-json\/wp\/v2\/comments?post=18352"}],"version-history":[{"count":0,"href":"https:\/\/arshahomes.com\/tr\/wp-json\/wp\/v2\/posts\/18352\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/arshahomes.com\/tr\/wp-json\/wp\/v2\/media\/18268"}],"wp:attachment":[{"href":"https:\/\/arshahomes.com\/tr\/wp-json\/wp\/v2\/media?parent=18352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arshahomes.com\/tr\/wp-json\/wp\/v2\/categories?post=18352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arshahomes.com\/tr\/wp-json\/wp\/v2\/tags?post=18352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}