In recent years, Dubai’s economy and population have grown exponentially, and so has the value of Dubai’s real estate industry. All thanks to the vision of its ruler, his highness Sheikh Mohammed bin Rashid Al Maktoum.
Our company Unique Properties, aims to become the top property brokerage outfit in Dubai, and this has been clearly manifested by the awards we have won over the past few years. The latest addition to the cabinet being the “Top Broker Of The Year” award we recently received from the leading real estate developers in UAE – Emaar, Meraas & Dubai Properties.
Dubai’s economy has been growing at an impressive rate, and this has attracted a lot of foreign investment, particularly in the area of real estate. It is a booming industry that is currently facing a small downturn which makes it perfect & profitable for you to invest in it.
Below are ten good reasons why you should consider investing in Dubai’s Real Estate Market –
Growing & Stable Economy
One of the essential factors to bear in mind when investing in overseas real estate is the economy of the city you intend to invest in. This is because you are not only investing in the property; you are also investing in the city where the property is located.
It is very important to have a look at the city’s economic potentials and statistics for the next few years before you buy property there. If studies show that it is expected to have continuous growth, then that’s a green light for you to go ahead and invest.
Now the interesting thing about Dubai is that all the numbers and statistics indicate that Dubai will have a continuous economic boost for the next few years. Articles regarding this expected growth were provided by credible newspapers across the country such as Khaleej Times and The National.
The infrastructure of the city plays an important role when it comes to property investment, whether it is residential or commercial. We can all agree that good infrastructure makes life easier.
Dubai’s infrastructure is simply world-class! Some of these infrastructures include tall buildings, hospitals, schools, effective and convenient transportation systems that boast of a metro system, and outstanding roads with 12 lane highways.
Variety Of Options For All Budgets
Another benefit of investing in property in Dubai is that there is a wide range of property types to choose from. These properties suit different budgets, so your options are open.
For instance, on our website, we provide different types of properties ranging from luxury mansions next to a golf course or a penthouse in Burj Khalifa to affordable downtown single room studio apartments.
Feel free to take a look at different off-plan properties in our site, and you will most likely find a property that suits your taste and budget. Our payment plans are also flexible, so there’s no strain whatsoever on your finances.
As far as security is concerned, Dubai is ranked as one of the safest cities in the world. It boasts of a very low crime rate and an effective and committed law enforcement unit. You can rest assured that the property you purchase here will be safe, along with the lives of its inhabitants.
The UAE isn’t just the safest country in the MENA region, and it is one of the safest in the world with crimes and theft almost never heard off.
Continuously Growing Population
When it comes to the real estate industry, there is a direct relationship between population and rental prices. When there is an increase in the population of a city, the prices for rental apartment units will also increase. A very good indicator of whether your off-plan property will have great returns in the coming future is the growth rate of the population of the city you are planning to invest in.
Dubai is one of the few cities in today’s world, which experiences exponential growth in its population. This is due to several factors, such as the overall quality of life and the city’s infrastructure. With Expo 2020 being held in Dubai, it is expected that this event will attract 25 million unique visitors from 180 nations, and up to 33 million visits over the six months period the event will be held.
It is important to note that a good number of these visitors will eventually settle in the city even after the event is completed as new companies and opportunities will emerge. This huge number of visitors will definitely provide a huge boost to the tourism and hospitality industries. The rental demand will obviously go high during the Expo 2020 event, giving the landlord the advantage and flexibility to adjust rental prices to increase his profits. Indeed this is the best time to invest in a property in Dubai.
Great Rental Returns
In every fast-growing city, it is common to see rental prices going up, and this is the case in Dubai since the population is growing at an impressive rate. Even though the city is noticing slight decrease in demand on rental units compared to past years, but experts in the industry expect the demand to skyrocket by the time Expo 2020 starts.
This is why Dubai is considered the best destination for global property investors as its rental returns on average is better than other major competing cities such as New York and London. So If you are planning to step a foot in property investment, Dubai might be your best choice.
No Property Tax
This might seem unrealistic to some foreign investors, but it is very true. The UAE does not impose taxes on the wealth of companies and individuals in the UAE.
The ruling family has indicated that Dubai will never resort to taxation.
No property tax means that once you have bought your property and paid the necessary registration fees, there is no other fee such as property tax to be paid to the government, the deal is closed!
Dubai Aims To Be The Happiest City In The World
Besides the financial benefits you get from investing in a property in Dubai, you would also be living in one of the most cheerful cities in the world.
The city’s goal is to become the happiest city in the world, and already they have put a foot in the right direction by setting up the Ministry Of State For Happiness. The ministry’s vision is to promote happiness and positivity as a lifestyle in the country. With such a beautiful mindset and dedication towards making the general public happier than ever, one could imagine how his property will develop rapidly and successfully in this beautiful environment.
The City’s Extraordinary vision
Dubai is a city filled with record-breaking structures. Some of these structures include – the world’s tallest building, the world’s only 7-star hotel, and the tallest hotel in the world. Let’s not forget the Creek Tower, set to be completed by 2020.
Other impressive accomplishments in the city of Dubai include the first man-made island – the Palm Jumeirah Island. Man-made islands have since become a norm in the city with more similar projects unveiled, the latest being “Bluewaters Island”. So the chances are that the property you purchase in Dubai would sit in the midst of some of the greatest structures the world has ever seen!
Hope this short article was helpful, if interested to learn more about investing in Dubai’s real estate, feel free to get in touch with one of our expert agents by clicking on “Get in Touch” button below or fill the Enquiry Form on this page.
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