Over the past few years Dubai’s economy has grown exponentially and so did the value of a Dubai Property
. Thanks to the visionary Vice President and Prime Minister of the UAE, and ruler of the Emirate of Dubai his Highness Sheikh Mohammed bin Rashid Al Maktoum who his vision is always to be number one, this also comes in line with our company’s “Unique properties
” vision which is to become the best Dubai property brokerage and this could be clearly demonstrated from the awards we have won over the past few years with the latest addition to the cabinet being an award given to us by the leading real estate developers in UAE Dubai Properties
which was titled “Top Broker of the year”.
With Dubai’s ever-growing stable economy to its amazing rental returns, here we have put together a list of 10 reasons why you should invest in Dubai’s property. Click here
to view the info-graphic pdf.1- Ever-growing Economy
One of the most important things to keep in mind when investing in a real state property overseas is to take into consideration the economy of the city you intend to invest at because you are technically not only investing on the property, you are in fact also investing in the city the property is located at.
So it is quite important to have a look at the city’s economic potentials and statistics for the next few years and if studies show that it is expected to have continuous growth, this is a green light indication 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 the top class newspapers across the country such as “Khaleej times
” and “the national
Infrastructure plays an important role when it comes to property investments, whether it is residential or commercial property because a good infrastructure makes life much easier once people start using the property.Dubai’s infrastructure is really good with all the necessary requirements provided at very high standards, some of these include great buildings, hospitals, schools and very convenient transportation systems including a metro system, a tram, outstanding roads and 12 lane highways.3-Variety of options for all budgets
Among the many benefits of having property in Dubai, one is that there is a wide variety of properties to choose from depending on your budget.
For instance, on our site, we provide different off plan property option ranging from luxury mansion next to a golf course or a penthouse in Burj Khalifa to affordable downtown single room studio apartment.
So according to your budget, you could have a look at different off-plan properties
in our site and you will most likely find a suitable choice for your dream property but yet under your budget, especially with the different payment procedures we provide4- High Security
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.
A good investor will make sure the city in which his property will be located is safe, and the UAE is not only the safest country in the MENA region but in fact, one of the safest in the world with crimes and theft almost never heard off. 5- Continuously growing population
When it comes to the real estate industry, there is a direct relationship between population and rental prices, it is easy to see that when there is an increase in the population of a city, the prices for rental apartments units will also increase.
So a very good and accurate indication of whether your off plan property will have great returns in the coming future is to look at the population trend of the city you are planning to invest in.
Dubai is one of the few cities in today’s world which have a continuous exponential growth, this is mainly due to several reasons such as quality of life and good life and work balance.6- Expo 2020
With Expo 2020
being held in Dubai, it is expected that this prestigious event will attract 25 million unique visitors from 180 nations and up to 33 million visits over the 6 months period the event will be held on. 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 be high during the Expo 2020, 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.7- Tremendous rental returns
In every fast growing city, it is a common thing to see rental prices going up. This is also the case in Dubai, as the rate in which the city is growing at is unbelievable. And with the increasing interest from overseas and the booming tourism sector, it is certain that this growth will not slow down anytime soon.
This is mainly 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.8- No property tax
While this bonus point might seem unrealistic to some foreign investors, yes this is very true. The UAE Federal Government does not impose taxes on the wealth of companies and individuals in the UAE, the ruling family of Dubai has indicated that Dubai will never resort to taxation.
No property tax means that once you have bought your property in Dubai, paid the equivalent registration fees to Dubai land department, there is no other fee such as property tax to be paid to the government, the deal is closed.9- Dubai aims to be the happiest city in the world
Away from the financial benefits you get from investing in a property in Dubai, this coming one is a no-brainer.
The city’s goal is to become the happiest city in the world, and already they have stepped a foot in the right direction by opening a Ministry of state for happiness
. The ministry’s vision is to have happiness and positivity as a lifestyle and a higher purpose for government work in the country.
With such 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.10- City’s Extraordinary vision
In Dubai everything is bigger and better, this is a city full of world records. Some of these records include world’s tallest building, the world’s only 7 star hotel and the tallest hotel in the world, and once we thought that’s impressive and enough, the city came up with the design of even a taller building, Creek tower
, to break its own record which is set to be completed by 2020.
Other impressive records include the first man-made island the Palm Jumeirah Island, and since then man-made islands became the norm in the city with more similar project unveiled, the latest being “The Heart of Europe”. So chances are that your future property in Dubai might be as impressive or at least facing a stunning world class view.