Ever thought about why invest in Dubai? Dubai has emerged as to number one place for Real Estate Investments. People are coming in for tourism, business, and investments.
Real Estate investments are booming to an all-time high even in these unprecedented times. The way the country itself handled the pandemic had received a round of applause around the world. Let us focus on a few perks you get while investing in Dubai.
Foreign investors can have 100% ownership of their businesses, reiterating Dubai’s commitments to facilitate business, and attract and sustain foreign investments. As the strategic midpoint, Dubai have become a regional hub for businesses who want to expand in both directions. A highly diversified and stable economy, with revenue generated from tourism to trading, Dubai is attracting foreign investors and workforce more than ever.
Dubai boasts 0% tax on the income earned through property investments. It enables investors and businesses to gain maximum profit in virtually zero-tax conditions. The recent impact of VAT had no burden on investors, and property returns as rent or sales are 0% taxed. The number of Free-Hold properties is booming to an all-time high, the property owners are enjoying the privilege of selling, and leasing at their own will.
Real estate in Dubai offers a high return on investment, significantly higher than those offered in its counterpart cities, like London and New York. Indeed, it’s a rewarding experience as Dubai always has attractive properties in popular areas which offers exceptional returns. Investing on a property in Dubai could potentially generate a high return of investment due to a lack of property taxes. Being an investor, you can expect returns above 5-6%, with double digits in few neighborhoods. Additionally, Dubai property prices are on the rise and generate a significant gain for investors. With this in mind, you can easily make a good profit by selling the property, and then reinvesting in the future.
The Golden visa from the UAE no doubt has its perks. Long-term residency in the UAE will enable you to move freely in and out of the country without any hassles. Property investors in the UAE can now benefit from getting a golden visa through investments as low as AED 750K. Property Investors owning properties of value above AED 750K are eligible to get 5 Year Golden Visa(Renewable) and those owning properties of value above AED 2M are eligible to get 10 Year Golden Visa(Renewable). Golden Visa holders don’t require sponsors or employers, they can even sponsor their families without hassle.
Dubai is ranked as 7th safest city in the world for citizens, residents, and visitors. While still holding on to the safety side, Dubai is also the fastest growing city with expats from more than 190 countries. Dubai is a cosmopolitan city whereby people around the world reside in to expand their careers and businesses. Since the population of the city is ever-growing, the demand for properties is also increasing at a rapid pace to accommodate this rise, bringing in more investment opportunities to Dubai.
Over the years, Dubai has evolved into a global metropolis. There has never been a better time to invest in Dubai. With a plethora of choice and continuosuly growing market, property prices are still down to more affordable levels. Additionally, Dubai property market and prices have stabilized, and new free-hold properties are rising in demand, making this a great time to invest in a Dubai property.
Contact our real estate experts to discuss your needs. Our team has the expertise to guide you through the entire process.