If you are looking to invest in real estate with some incredible returns and buyer incentives, Dubai is your calling. In line with being one of the most visited countries in the world, the Dubai Chamber of Commerce has predicted the city’s tourism and travel sector to reach more than $56 billion in 2022 – making it an ideal investment climate for you to take advantage of.
With its tax-free rules, multicultural environment, great business opportunities and quality of life that’s ranked among the best in the world, it’s no surprise that this city is a firm favourite amongst expats.
Consult with one of the best real estate companies in Dubai, Provident, for more information on this.
Here are some of the top reasons why you should consider Dubai when it comes to investing in Dubai’s real estate market:
Projected to grow by 3.8% in 2020, Dubai’s economy is booming. It will be higher than the 3.6% global growth that has been forecasted.
Dubai is one of the top destinations in the world and the 4th most visited city. It is a melting pot of different nationalities is the ideal global city in the world. With Expo 2020 happening soon, there will be an increased influx of tourists looking for short term rentals and holiday homes.
While the world average global ROI on property investment is between 2-4%, Dubai offers you the highest yield averaging to 7-8%
Dubai offers Residency visas on residential property worth AED 1 million as well as 5 – 10 years residency Golden Visa. This helps expats to move to Dubai to live, work and study without requiring a national sponsor and 100% ownership of their business.
The 100% business ownership policy is extremely appealing to everyone looking to start and own business in Dubai. IT will accelerate growth in the long term while integrating global markets.
One of the top pros of living in Dubai is the zero income tax. Skilled expats from around the world jump at the chance to grow their wealth without having to worry about tax reductions. If you are tax resident in the emirate and have no other obligation to any other state or country of tax on foreign earned income, then you can earn your salary 100% free of tax.
And with 0% capital gains, residence visa options, and high capital appreciation and rental yields, it’s easy to see why it’s so popular with investors.
The UAE government ensures a highly regulated market that helps in keeping it stable and thus create a more fruitful environment for investments and businesses. They have adopted several policies regarding the escrow regulation, rental cap, rental increase calculator and a rental dispute settlement centre.
Recently, the UAE government launched a committee to help ensure and regulate the property market.
The UAE currency, Dirham, is stable and is pegged to US dollars which helps to balance the currency value, economic growth and stability in import, export, property markets and trade.
As thousands of new businesses and professionals are discovering each year, Dubai is the perfect gateway between East and West. Its centralised time zone combines East and West business hours and it’s strategic positioning makes it a great hub for international business.
Connecting commodities from the East and West, its imports and exports market is one of the most lucrative in the world. It’s also home to regular summits, conferences, and expos which bring together business leaders from around the globe.
The UAE is ranked as the safest place in the world! According to officials, 96.1 percent of people visiting and living in the region feel safe to walk outside at night.
Economic stability goes hand in hand with safety, as people naturally want to settle down, visit or invest in places where they feel safe, secure and protected.
When it comes to lifestyle, Dubai is a wonderland. Over two hundred nationalities are represented, making it an attractive multicultural and social environment.
Whether you’re into world-class shopping and entertainment facilities, or year-round sunshine and outdoor activities- it’s many attractions and experiences to ensure that there’s something for everyone to enjoy.
Should you want to find out more about purchasing property in Dubai, contact one of our agents today to discuss your options.
As a real estate company in Dubai, whether you’re seeking a home for your family or looking to broaden your property portfolio, our expert advisors are dedicated to helping you through every step of your real estate journey.
Provident is one of the leading real estate companies in Dubai. As a 360° real estate company, Provident excels in providing you with support from choosing the correct property, mortgage finance, documentation process and even property management. It is one of the top 20 real estate companies in Dubai.
For more information, get in touch with us at Provident