Reasons to invest in real estate in Dubai
Dubai excels at capturing the world's attention, whether as an incredible lifestyle and tourism destination, being home to record-breaking architecture including the tallest building in the world, or hosting showstopping international events, such as Dubai Expo 2020. Among Dubai's highly appealing propositions is its real estate sector, which continues to rank among the globe's most attractive to investors. Here are some of reasons among many why you too should consider investing in Dubai today.
Although you don't need to live in Dubai to purchase real estate there, investors can be rewarded for their real estate investments with a three-year residency visa if the property value is above AED 1 million.
Dubai's location and excellent infrastructure have made it a major international hub for tourism and business, ensuring a steady flow of visitors. The Emirate continues to be one of the top tourist destinations in the world and is home to a third of Fortune's Top 500 companies.
Strong and healthy real estate market
Investors appreciate that a return on their investment is among the most appealing factors when considering whether to buy or invest in Dubai Real Estate Market. They benefit from high annual rental yields on the property price.
Strong regulatory framework
Investors also value when it comes to real estate, the Dubai Land Department and the Real Estate Regulatory Authority (RERA) oversee property developers to ensure they deliver on their promises.
After a one-time fee of 4% of the property value, investors won't pay any tax on their real estate investment. In fact, Dubai has no property tax, capital gains tax, or income tax.
The quality of Dubai's infrastructure ranks it among the leaders in the world in this respect, with its transport sector particularly lauded for its services and connectivity. In addition, Dubai is home to world-class hospitals and schools.
Dubai is home to more than 120 nationalities, with English widely spoken, making it a place where everyone can feel at home. The government is committed to promoting happiness, and has appointed a Minister of State for Happiness, as well as launched a National Programme for Happiness and Wellbeing.
Safety and stability
With the world feeling increasingly volatile and unpredictable, investors are placing more emphasis than ever before on the value of safety and stability. Blessed with a low crime rate and excellent security and legal systems, Dubai is regarded as one of the safest cities in the world.
To explore investing in Dubai and find the investment for your needs, contact Dar al Aqar's certified agents today +971 52 108 0050.