Dubai is a popular destination for tourists, but what is it really like living in Dubai? In the last few years, we have seen a major increase in the number of foreign investors in Dubai, this is due to many reasons such as good return on investment, no property taxes and much more. The city also has seen a tremendous increase in the number of expats and this is mainly because the level of safety the region provides and the amazing city life experiences Dubai offers. If you are considering to move to Dubai or invest in the city’s real estate market, we have put together a guide that illustrates what you should expect before moving to Dubai.
Geography and Population
Dubai is one of the seven Emirates in the United Arab of Emirates, the city is located on the Persian Gulf, in the northeast of the United Arab Emirates. Dubai is the second largest emirate with a population of 3.03 million as of 2018 with an urban area of 3885 sq km and the city is roughly 35 sq km. However it will expand to twice that size with the addition of the man-made islands; the Waterfront, the three Palms, the World, the Universe, Dubai land, as well as the constructions in the desert.
Dubai has a tropical desert climate because of its location in the Northern Desert. This means that you will enjoy glorious sunshine and unbroken blue skies throughout the year, that’s why the city is famous for its clear white sandy beaches and aqua parks. It is also true that the city gets really hot during the summer with the temperature reaching sometimes beyond 40°C, but then during winter usually it does not get much below 20°C.
Low Tax environment
Dubai is well known for its lenient tax policies, the city does not impose income taxes or property taxes. The United Arab Emirates generally is a tax-free country, however, the country now collects VAT on some goods plus revenues in other forms such as parking charges and similar discrete means.
The city provides a world-class transportation system, and this is due to the high-quality different traveling means the city provides. These include regular taxis, water taxis, buses, metro, trams and even air travels means such as a helicopter which became recently popular.
This outstanding transportation system was made possible because of the high quality and modern infrastructure the city is built upon. The city is known for its enormous 12 lane high way roads that make transportation much faster and efficient. The influx of new technologies has meant that hailing a taxi from an app is also a very convenient way to travel.
How secure is Dubai?
Dubai is considered one of the safest cities in the world when it comes to general security, the city has a very low crime rate and rigorous law enforcement. The city has very strict laws to make sure crime is kept to a minimum and many tourists feel much safer in Dubai than they do in other parts of the globe.
The city has many modern clinics and hospitals, these medical centers generally provide a very good service. However you must have a good medical insurance or else your bill will be extremely expensive, so we would recommend anyone visiting or moving to this glamorous city to get an insurance in advance or just on arrival.
Real Estate Market
Dubai’s real estate market is undoubtedly one of the biggest in the world now, the city’s property investors noticed a steady increase in returns since the announcement of the Expo 2020.
Investors who invest in Dubai’s property market are generally keen to invest in off-plan projects, this is mainly because the prices are well below the current market price and also developers generally provide great off plan incentives. In addition, some of the banks provide great payment plans which will definitely reduce the burden on your finances.
Best places to live in Dubai
When it comes to living in Dubai, there are many locations one could choose from. It is true that there are several factors to be made when choosing a property such as your work location and your children’s school location. However, we came up with a list of places that will help anyone planning to relocate to Dubai.
|Palm Jumeirah||Famously known to be one of the world’s eight wonders, the Palm Jumeirah is considered one of UAE’s most epic and extravagant creations attracting tourists from far and wide.|
|Business bay||Considered the heart of Dubai’s commerce, Business Bay covers 46.9 million square feet comprising high-end offices, business ventures and luxurious residential properties. Business Bay’s advantageous location allows easy commute in the city.|
|Dubai Creek Harbour||The future city of Dubai, the Dubai Creek Harbour is a grand development by Emaar, overlooking the Dubai skyline from its location in Ras Al Khor and incorporating multiple innovative projects that truly envision a bright future for Dubai.|
|Dubai Marina||The Dubai Marina is one of Dubai’s grandest ventures, possessing the title of the world’s largest man-made marina. It is often said to be one of the most sought-after lifestyles in the world.|
|Dubai Hills Estate||Dubai Hills Estate features lavish design, serene scenery, peaceful ambience and luxury throughout making this innovative gated community ideal for family living and unwinding away from the stress of everyday work yet remaining only a few minutes from the center of Dubai.|
u could also read: 10 reasons why you should invest in Dubai property
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