Dubai is one of the best places in the world for various purposes, whether it be living, tourism, or investment. It is a city with a strong social, economic, and service environment, offering residents and investors many advantages unavailable in other countries.
Dubai is one of the most attractive cities in the world to move to a permanent residence or purchase real estate. In several metropolitan communities, property in Downtown Dubai for sale is in high demand. One such area is Dubai Marina. It is located on the coast of the Persian Gulf and attracts tourists with its developed infrastructure. Foreigners can buy property in Downtown UAE, as the community belongs to the territories of freehold zones, in which not only holders of UAE citizenship can be owners of housing.
Top 7 reasons to invest in Dubai
Let’s have a look at the top reasons:
1.Investments in real estate are not taxed. One of the main advantages of investing in Dubai is the absence of property tax, which makes it the best place for investors. After buying an apartment in Dubai, you will not pay any additional taxes in the future.
2.Reasonable prices. What makes Dubai one of the most attractive cities in the world in terms of real estate investment is that the prices per square meter are lower than in many other cities, making it an affordable place to own prime real estate.
3.High rental yield. Dubai is the right place to earn a high rental income from your real estate investment. Investments in Dubai real estate bring high rental returns – up to 10% per year, much higher than other cities worldwide, such as New York, Hong Kong, and London.
4.Visa for investment. One big benefit that encourages foreign investors to invest in property in Dubai is the resident visa, which they can apply for if they have a property value of AED 750,000 or more. In addition, the UAE recently announced that foreign investors would be able to obtain a 10-year resident visa. Such long-term residence is a testament to Dubai’s high level of trust for potential investors.
5.Safety. Dubai is also known as one of the safest cities in the world. It is in the top 10 safest places in the world. Dubai has a very low crime rate and an efficient legal system. This system initially attracts more investors to invest in Dubai across all sectors, especially the real estate market. Dubai ensures that the rules are always aimed at ensuring the safety of all its residents and visitors.
6.Fluency. Also, one of the main reasons to invest in Dubai is the Freehold Zones, where foreign investors can buy property. Here they can sell, rent or live in the property and the heir can inherit it.
7.Growing tourism industry. Dubai is considered one of the top travel destinations in the world due to its ultra-modern architecture. This makes Dubai an attractive and ideal location for foreign direct investment, especially in the real estate sector, where investors can achieve high ROI and growth rates.
Property in Dubai as an investment
The emirate market is on the rise. Prices have been rising for the second year, but experts believe this is yet to be the peak threshold. Coastal areas are in high demand, making Dubai’s real estate highly liquid. Also among the advantages of investing in the housing stock of Dubai Marina are:
• high profitability ratio reaching 6.5%;
• annual cost capitalization.
Over the years, the number of free objects on the coast will naturally decrease due to the need for further building space. This will cause further price increases. Therefore, investing in real estate in the area is more profitable now. It is also worth noting another plus. The absence of taxes on income allows you to find apartments for sale in Dubai and receive a net profit legally.
Specialists of the real estate agency in Dubai AX CAPITAL are ready to answer all questions related to investments in the housing stock of the UAE. They will also help you select ready-made properties or properties for sale off-plan in Dubai.