Dubai, the heart of the United Arab Emirates, is a dream city. It became popular because of its remarkable architecture, luxurious lifestyle, and diverse business opportunities. The increasing number of tourists and hence getting a side income as rental income attracts investors’ interest. In recent years, there has been a surge in the sale of off-plan apartments and branded penthouses in Dubai. People see the Dubai real estate market as an opportunity for high ROI.
Here are 12 good reasons why buying property in Dubai Real Estate is a smart move:
Dubai doesn’t impose taxes on property investments. Lack of tax is one of the significant benefits of buying properties in Dubai for investors. Once you buy a property, you will not pay taxes and any additional charges under the name of taxes in the future.
Another reason people from different countries invest in Dubai real estate is its affordable prices. The per square price of properties for sale in Al Marjan Casino Island and other regions of Dubai is much lower than in different high-tech and well-known cities. Thus, Dubai is a prime location to invest and get a good return after purchase.
Dubai is a hub for business and tourism. People from different countries come to live and work. Many prefer to rent houses rather than buy them since they are here for a short time, creating a massive demand for rental properties. If you purchase a townhouse, a villa, or an apartment in Dubai, you will make good money through renting.
The Golden Visa is one of the benefits that serves as a good motivation for foreign investors to invest in Dubai real estate. Foreigners with a minimum property value of AED 2 million can apply for the golden visa. The validity of the golden visa is 10 years. This long-term residence is a strong indicator of the prospects that Dubai offers to investors.
Dubai is a very friendly city to live in, and it is appreciable as there are many beautiful green areas, and everything is in order. Families and active people looking to socialize will find it easy to enjoy, and there are significant outside events, shops, and other activities to experience.
The safety index of Dubai is 83.5, which indicates that Dubai is the safest city for residents and visitors. The all-round availability of cops and surveillance cameras gives people a reason to be comfortable knowing their homes and families are protected. The area has already been made better and safer by maintaining the cleanliness of the streets and parks.
As per the recent report by the World Bank, the GDP of UAE will grow by 4.1% in 2025. Dubai’s economy is growing into new regions by adopting the latest technologies and advancements. The shift from an oil-based economy to an innovation and technology-focused economy significantly impacts the increase in real estate demand.
Any major purchase comes with considerable risk, especially regarding real estate investment. However, in Dubai, the risk in the real estate market is negligible. The real estate industry has strict rules and regulations organized by the Dubai Land Department (DLD) and the Real Estate Regulatory Agency (RERA) to ensure business integrity and no deceptive behavior.
Dubai is popular for its favorable business environment, especially for investors and entrepreneurs. Investors in Dubai can expect no income tax, simple regulations, and exceptional infrastructure. All these factors contribute towards an optimal investment climate for business development. As a global trade hub, the city is strategically located and provides favorable conditions for business.
The residences in Dubai are modern and elegant. They look fresh and stylish owing to their sophistication and the quality of materials used during construction. Each home features luxurious interiors, exquisite exteriors, and high-end finishes to make them truly remarkable.
Dubai is known for many things, but its standard of living makes it everyone’s favorite city. The extraordinarily high standard of living and world-class amenities and facilities make Dubai an attractive residential destination. Becoming an Emirati sounds like a dream for several international professionals who admire and appreciate how Dubai takes pride in interspersing a fast-paced life with a peaceful nature.
Dubai is a global tourist hotspot that guarantees high demand for short-term rentals and a continuous increase in property value.
GRD Off Plan is a trusted name in Dubai for real estate transactions. Explore our online platform for cozy apartments, spacious villas, or lovely townhouses. We offer comprehensive support to foreign expats and real estate investors to find the most reliable properties and builders. Our team of experienced agents will help you buy branded residences in Dubai completely free. We do not charge a fee or commission until you invest with our help. Contact us today to browse the best properties ready for purchase in Dubai Hills Estate, Emaar South, Maritime City, and other popular regions.
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