Why to Invest in Dubai?
Dubai is one of the best destinations in the world for various purposes, whether living, tourism, or investing in Dubai property, with a social, economic, and service-friendly environment, offering residents and investors many advantages that are not available in other countries and make them the leading attractive countries for investments in various fields, especially in real estate.
Here are the top 10 reasons to invest in Dubai real estate, specifically in the real estate sector.
- Tax-Free on investment in property in Dubai
- Reasonable Prices
- High Rental Yields
- Investment visa
- Freehold ownership
- Booming Tourism Industry
- Investment options
- Dubai Expo 2020
- Population growth
Also Read: BEST PLACES TO BUY APARTMENTS IN JVC
1- Tax-Free on investment property in Dubai
One of the major benefits of buying property in Dubai is that it has no property tax, which makes it the best place for investors. Once you buy a property, you will not pay additional taxes in the future.
2- Reasonable Prices
What makes Dubai one of the most attractive cities in the world when it comes to real estate investment in Dubai property is that its property prices per square meter are lower than in many other cities, making it an affordable location to own prime properties.
3- High Rental Yields
If you are looking to get a high rental income from your real estate investment, Dubai is the right place for you. Dubai real estate investments are producing high rental yields, up to 8% per year, which is much higher compared to other cities around the world, like New York City, Hong Kong, and London.
4- Investment visa
One of the great advantages that encourage foreign investors to invest in Dubai real estate is its residency visa, which they can apply for if they have a minimum of AED 750 000 in investment property in Dubai. In addition, the UAE recently announced that Foreign investors will be able to obtain a 10-year residence visa. Such a long-term residence indicates a high level of confidence that Dubai gives to prospective investors.
Dubai is also known as one of the safest cities, and it is listed in the top 10 of the safest places in the world, based on a recent survey. Dubai has a very low crime rate and an efficient legal system. This system plays an initial role in attracting more investors to invest in Dubai real estate in all sectors, especially the property market. Dubai ensures that the regulations are always committed to the safety and security of all its residents and citizens.
6- Freehold ownership
Also one of the major reasons why you should invest in property in Dubai is Freehold ownership, where foreign investors can rent properties in Dubai in various freehold areas, which is very beneficial to foreign residents as it allows them to have complete ownership of the property. They can sell, lease, or live in the property and it can be inherited by an heir.
7- Booming Tourism Industry
Dubai is considered one of the top tourist destinations in the world, because of its state-of-the-art architecture. This makes Dubai an attractive and perfect place for foreign direct investment, especially in the investment in real estate in Dubai, where investors can achieve high ROI and growth rates.
8- Investment options
One of the reasons to invest in Dubai real estate is that it offers a variety of investment options on its real estate market, where you can invest in Dubai property in various segments such as residential property, hotels, room service, apartments, etc. and that one of the main reasons that attract investors from all around the world to come to Dubai and work and invest in Dubai properties.
9- Dubai Expo 2020
Expo 2020 opened its doors on 1 October 2021. It is one of the largest events in Dubai and the Middle East. The Expo will last six months and millions of visitors are coming to Dubai and looking for an investment property in Dubai to rent during their stay. That's why buying a property during the Expo 2020 will yield a high return, due to increasing demand during this event.
10- Population growth
What makes the real estate market in Dubai attractive is the fact that Dubai has the world’s fastest-growing population rate with an increasing rate of approximately 10.7% annually. Because of its infrastructure, rapid economic growth, safety, regulations, and architectural beauty, it is considered a top choice for many people around the world. There are more than 120 nationalities within Dubai, making people from all around the world feel welcome.