In the last few years, Dubai has become an extremely popular place to live and has caught the attention of investors from all over the world.
Here are the top 10 reasons which make Dubai property prices so alluring for the discerning investor.
HIGH RENTAL YIELD
Dubai property investment offers one of the highest rental yields in the world. In comparison to other properties around the world, the cost of purchase is lower in Dubai and it provides a higher rental return.
Due to its popularity, the population of Dubai is growing at an extraordinary rate with a population growth of 1000% in just 40 years. As of 2017, Dubai has around 3 million residents, the majority of which are actually spread out from across 190 countries.These numbers are expected to double in the next 10 years.
Dubai really does have some world-class attractions, landmarks and transport links like Dubai International Finance Centre, Dubai World Trade Centre and Dubai International Airport.
It is also host to some of the world’s finest leisure facilities including the Meydan Racecourse and Grandstand, The Track – a 9 – hole floodlit golf course, The Meydan 5 Star luxury hotel, and the upcoming Meydan One Mall.
These property sites in Dubai also feature over 596 acres of beautiful greenery, a mesmerizing Crystal Lagoon and a top quality Cycling and running track, offering an all round great lifestyle. All of these facts show that houses and apartments in this area are some of the best property to buy in Dubai.
Dubai has the look of a futuristic and stylish city. It is known for its record-breaking skyscrapers such as the Burj Khalifa measuring at 830m, mega-malls and high-tech transport infrastructure. Dubai Metro is the world’s longest driverless metro network.
Whether you’re looking for a futuristic style or even something surrounded by beautiful natural surroundings, the property sites in Dubai have it all.
TAX-FREE AND FREEHOLD
According to the UAE’s VAT law, anything designed for living in, such as your own home, is classed as residential and is of 0% VAT. This is common knowledge among property dealers in Dubai.
The first supply of residential real estate within three years from completion is also 0% VAT. This is really useful when looking for the best property to buy in Dubai.
In terms of the luxury property for sale in Dubai, they all show breathtaking architecture, right down to the fine details. These homes create the perfect ambience for elegant living, every single day.
SAFE & STABLE
According to statistics, UAE is one of the safest countries in the world. The World Economic Forum actually ranked UAE as the 3rd safest country in the world. With that being said, this is one of the main reasons that Dubai has an ever growing population. Therefore, there is a whole host of people who are constantly looking at Dubai property listings.
A whole host of properties in Dubai are situated in low and mid-rise towers ranging from four to sixteen storey. These luxury property for sale in Dubai are showered in natural sunlight that streams through their ceiling-to-floor windows whilst offering captivating panoramic views of their natural surroundings.
Dubai is known for its strong Real Estate and Regulatory Agency (RERA) that enforces an exacting framework of rules and regulations. These policies protect property buyers in Dubai rights and boosts the long-term growth of the sector. You can find out more information about this when talking to the best property agents in Dubai.
The area in which Dubai is located is extremely practical due to the fact that almost 70% of the worlds’ population is only around an 8 hour flight away Therefore you can see why Dubai International Airport is the world’s busiest international passenger hub with close to 85 million people passing through in 2017.
Dubai is known for its incredible deserts whereby you can take part in some exhilarating activities such as sand boarding and quad biking. Desert safaris are also incredibly popular. It’s impossible to be bored in Dubai with luxurious spa breaks, mega shopping malls, fascinating wildlife encounters, high octane skydives and exhilarating water park rides, Dubai property market has something for everyone.
Whether it’s a morning run, an evening jog or a quiet midnight stroll, you’ll always find yourself in the perfect setting where keeping fit becomes an effortless way of life.
PROPERTY INVESTOR VISA
Property buyers in Dubai who purchased a Dubai property above AED 1 million ($272.294) are eligible to apply for the Property Investor Visa. This renewable Property Investor Visa enables the investor to obtain an Emirates ID, UAE Driving License and sponsor the family as well.
WORLD-CLASS SPORTING EVENTS
Dubai plays host to some of the most talked about sporting events in the world, meaning the city is constantly in the global spotlight throughout the year. Some of these sporting events include the premier golfing championship – Omega Dubai Desert Classic, Dubai Tennis Championships, Dubai Rugby Sevens and Dubai World Cup – one of the richest horse races in the world.