Why Invest in Dubai Real Estate?

Why Invest in Dubai Real Estate?

 1… 2… 3…. Sold! That is how fast the Dubai real estate is being captured by the international investors! if you are wondering why? honestly,” Dubai Bling” should be enough of an answer for that. Fret not if you are not familiar with the term, we’ll still walk you through the glamourous world of Dubai real estate and why it is the best time to invest in it.

Tax-free environment  

Tax-free is a word we rarely hear these days. Not in Dubai though, as they offer a tax-free environment. no income taxes, property taxes, and no capital gain tax, these 3 big ones are a massive attraction for real estate investors to build a lucrative business for themselves. However, the recent introduction of VAT which does not apply to residential property and is considerably negligible in terms of overhead costs has not slowed the booming real estate. Consequently, purchasing a villa or an apartment has become very affordable.

Tourism

Over the years Dubai has earned the number 1 spot in terms of tourism attractions. Dubai’s major economy flourishes on the back of massive tourist attractions, naming a few would be Burj Khalifa, PalmJumeriah, and Dubai Mall. Projects of these likes have attracted foreign investors due to the high return on the investments and the ever-growing stable economy. Expansion of tourist attractions has roared the rental yield of the properties as well. Due to affordability and high demand for rental property, investing in rental properties has become a profitable business.

Future growth prospects

Dubai real estate is expanding its horizons beyond the tourism sector now. New projects in the zone of health care, technology innovation, and renewable energy have opened doors to sustainable and strong economic investments. the emphasis on research and development projects has paved the way for new possibilities for real estate investments.

Safety and stability

Safety and stability are two words which every investor banks their investment upon. Whether it is economic or political stability, these factors greatly, affect the return on investments. Dubai has been voted to be among the safest countries with low crime rates. This builds the confidence in the investor to enter the real estate sector knowing each h penny is secure.

World-class developers

Dubai is well known for its world-class developers, who manifest the most iconic and luxurious structural wonders. Some major name drops of these key- developers include EMAAR, DAMAC, NAKHEEL, DANUBE, and AL AZIZI Developers who have joined the pool. These world-class developers ensure the sustainability and high quality of construction. These parameters, in return, safeguard the investments and attract several foreign and local investors.

Let’s get moving

Dubai has become a vital hub for commerce and trade. The ever-expanding real estate market has given a boost to the economy. The investor-friendly initiatives and policies have summoned endless possibilities for investors to leave their mark in one of the most sought-after cities in the world.