Dubai is one of the most appealing places to buy property because of its tallest buildings, mind-boggling statistics, and opulent lifestyle. Dubai’s tremendous economic growth distinguishes it from other cities, and it is expected to thrive in the coming years.
This magnificent destination is attracting global talent, as well as increasing the FDI, with super impressive projects on the horizon. It is without a doubt one of the best destinations in the world for a variety of reasons.
Here is why you need to invest in Real Estate in the city!
THE 10 REASONS TO INVEST IN DUBAI REAL ESTATE
1. Boost Rental Yields
If you want to earn a high rental income, Dubai is the place where you can make the most from your real estate investment. The city generates high rental yields of up to 8% per year. That means, it is way too higher than other places globally like New York City, Hong Kong, and London.
The rental market opportunities are extremely robust, offering amazing options to generate a consistent income stream. You should invest in the property market in Dubai since the returns are beyond your expectations.
2. Breath-taking Infrastructure
Dubai is modern, world-class, and well-known for its skyscrapers, glittering skyline, bustling mega malls, and cutting-edge transportation. The Metro is an incredible pillar, with it being the world’s longest driverless metro network within the city!
It is believed that Dubai’s infrastructure will never let the city fall, and it will always be in the limelight. The DXB Airport is claimed to be the busiest in the world, while Jabel Ali Port is the largest man-made port, among many other fascinating examples!
3. Tax-Free Haven
When it comes to taxes, the city lets you be carefree! There are no annual property taxes to be concerned about. You are free of all liabilities associated with living in a big city like Dubai. Once you purchase the property and pay the registration fees, it’s done!
It has to be the best city for investment without being bothered about additional taxes in the future. This is one of the few places in the world that offers 0% tax on its properties, making investing here extremely lucrative.
4. Strict Framework
The UAE has always maintained political stability. The UAE government has always placed a strong emphasis on participation in day-to-day governance. In addition, the city has significant financial and monetary stability.
Its sophisticated banking system provides extensive access to credit facilities and ample liquidity. Furthermore, the strong rules and regulations on Real estate and regulatory agency (RERA) give an added advantage. The transparent policies for investors ensure the sector’s long-term growth!
5. Quality Life
The quality of life in Dubai cannot be compared elsewhere! It is internationally recognized as a desirable destination to live in! The top-notch standard of living, seamless connectivity, strong education, and healthcare facilities make living here the best! It is safe to say that this is one of the safest countries in the MENA region to invest in.
6. Crime Rates are Low
Undoubtedly, and even proven, UAE is the 2nd safest country in the world, with the lowest crime rates in Dubai and Abu Dhabi. All thanks to its well-functioning legal system, adding more than just safety for the residents and investors.
This system is the first step in attracting more investors to invest in real estate. Being a safe country, it attracts people from around the globe to live their life. The city makes certain that its regulations are always committed to ensuring the safety and security of residents are maintained at all costs.
7. Business Friendly
The Free zone projects provide companies with 100% foreign ownership, 100% repatriation of capital, and profit. Plus, the seamless way for new business registrations is done just with a few clicks and the successful submission of documents.
Dubai indeed is a hub for technology and business growth which keeps on expanding and innovation for good. Starting a business in the city is extremely simple, there are straightforward procedures to follow. There are ultimate factors that combine together making Dubai an ideal place to succeed and thrive.
8. Exemplary Real Estate Projects
There is something for everyone, regardless of their desired budget, convenience, or comfort. Whether you desire selective amenities, luxury, or affordability. Every day, something new and unimaginable enters the market. There are lots of off plan projects in Dubai, with golf views, Palm Jumeirah or Burj Khalifa views, and so on. Even, there are an array of townhouses, villas, apartments, and duplexes in major locations to choose from.
The unraveled projects are breaking old chains and building projects with modernity that meet the expectations of current trends. If you are a working professional or a non-resident of the UAE, you can easily afford to live here. If you are a businessman looking for a luxurious lifestyle, there are numerous options available to you.
9. Cultural Mix
You’ll be intrigued to learn that Dubai welcomes more than 120 nationalities. Meeting and living with like-minded people will give you great experiences. There is an amazing blend of culture, languages, and behavior, leading to new opportunities and benefits.
With that, the majority of the population speaks English, so communication is not a problem. The different mix of cultures gives you great exposure, a good understanding of the market around the globe, and of course boosts confidence.
10. Residency in UAE
Owning a house gives you the opportunity to reside in this beautiful city as a resident. The residency for a few years comes with some terms and conditions, which can be instructed to you at the time of investment. One of which includes owning property worth more than AED 1 million.
If you want to know more about all of the amazing area’s to live in Dubai check out our full guide below.
Whether for tourism, a living, or investment, the friendly environment provides residents and investors with many advantages not available in other countries. Making this city the leader in attracting investments in a variety of fields, majorly real estate.