Why are people around the world considering Dubai for Real Estate Investment?

Since the year 2002, Dubai has allowed foreign investors to own property following which there was a major push towards massive construction projects. Today, Dubai attracts hundreds of thousands of investors who are looking to buy property and settle down here owing to this cities people friendly rules, safety and local culture.

Residency Visas

With the advent of investment friendly visa programs, people can invest in residential property worth AED 1 Million or above and gain a shortcut for legal residency in the city. This investment must be in a single freehold residential property and not in commercial properties.

There are multiple entry visas which range from 3, 5 and 10 years, and they can be maintained for as long as the investor owns the property.

Rentals

Dubai is considered to have among the highest rents in the world and rental expenses account for nearly 1/3rd the salary. Given the country has a huge tourist turnover, investing in a properties with short term rental potential gives a huge benefit to investors.

More and more developers are coming with attractive prices and payment plans to help investors as well as buyers come across the properties that match their price point. People investing in Dubai can expect to get a ROI of about 5%-6%, which is really good compared to other parts of the world. It is much better than your money sitting in a fixed deposit and you also earn a big premium when you resale the property at a later date.

Favorable Taxing Conditions

UAE and the Middle East in general is famous for not taxing their citizens or residents. The real estate sector is no exception in this regards and has extremely low tax rates for real estate investments.

Posh and Lavish Lifestyle

Beachfront properties, Waterfront properties, greenery, wonderful , etc, Dubai has everything you can imagine in store for you when it comes to real estate. Different locations have different hotspots for entertainment and that determines the value of the area and your ROI.

Factors to consider when considering the real estate market include amenities, locality, proximity to hospitals, supermarkets, schools. Other factors include the property size, building quality, maintenance costs, interest rates, and market conditions at the time of purchase.

Safety

Dubai is considered a safe place for reside and has the lowest crime rates in the world. People from multiple nationalities coexist together and expatriates make up a huge percentage of this population. This makes Dubai a great place to settle down and raise a family.

The global trust in Dubai as a city, market, and economy is one of the key factors that make the city the perfect place to start and grow your business.