If someone asks you to list the reasons for owning a property in Dubai, what will you do? Will you take out a piece of paper and a pencil and start tabulating them? Yes, you can do it, but what to do if you are not acquainted with the reasons?
Do not worry, as we are here to help you out in such a situation. Here we list out the top reasons that make investing in a property in Dubai worthwhile:
High-Quality Lifestyle
In Dubai, you get a high-quality lifestyle. Ample enjoyment and a luxurious lifestyle are the perks of living in the city. And that also draws people from all over the world to Dubai. When it comes to housing, the prices are affordable to enable you to own a property in the city and enjoy an exciting lifestyle.
There is world-class infrastructure, top-rated restaurants and the best recreational and entertainment amenities. Moreover, there are excellent healthcare services and well-established schools and universities.
You get an excellent lifestyle in Dubai.
No Property Tax
You might find it a bit hard to believe it in the first place, but it is true. No property or capital gains taxes in Dubai, so it is the best place to invest in a property.
Once you purchase a property in Dubai, you need to pay only a one-time real estate transaction fee.
Real-estate developers offer the best-in-class properties in Dubai. With the strong demand for properties, the supply is also increasing significantly.
Regardless of whether you are looking for expensive or affordable property, the real estate market in Dubai has everything for you.
Besides, purchasing a property in Dubai also enables you to get a good return on investment.
International Business Hub
The Dubai government is working towards making the emirate a competitive business hub. It is frequently introducing new measures to improve the business environment and promote long-term growth.
You get flexible payment plans on property purchases in Dubai. The interest rates are 4.5 and 5.5 per cent for residents and non-residents, respectively, in the city.
There is an unlimited remittance limit, and the currency is very stable against the USD, so you get strong financial security. Dubai has attracted many international investors. There are exit options and a guaranteed 10-year visa in many cases.
Due to the increasing population, demand for new houses is increasing remarkably in Dubai. And each year, developers have been introducing new homes.
Attractive Return on Investment (RoI)
Excellent RoI is what makes property investment in Dubai advantageous. If you purchase a property and rent it out, you can reap significant profits. Although the rental prices have fallen in recent years, you can get a 5 percent RoI by renting out your property.
Demand for rental properties is on the rise in Dubai as the foreign population is increasing significantly.
Strong Infrastructure
In Dubai, its impressive infrastructure is one of its major strengths. It is one of the cities in the world that bears an excellent infrastructure to give a high living standard.
Dubai is the home of the largest, tallest and spectacular buildings globally, for example, Burj Khalifa. It also has the most attractive artificial island.
With the incremental real-estate developments in Dubai, it is worth investing in a property in the city.
Dubai international airport is one of the busiest airports in the world. Jebel Ali Port is the world's largest port.
Middle East's Business Hub
Dubai has become an international business hub with many multinational corporations setting up bases in the city. It is also the gateway to the Middle East, the Indian Subcontinent and Central Asia. Already, Dubai is the home to one-third of Fortune's top 500 companies.
Due to its ample opportunities for career growth, Dubai attracts many overseas professionals who migrate into the city for good career options.
Business leaders see Dubai as a place of tremendous growth potential. At the same time, Dubai is having an excellent legal framework for business to grow and a free enterprise system.
A Shopping Paradise
When it comes to shopping, you can regard it as a paradise. Dubai is home to some of the largest malls in the world. The world-class malls attract people from all over the world.
Dubai has the world's largest shopping mall, the Dubai Mall. And the city is going to add more than 1.5 million square meters of new retail space shortly.
Many global retail brands entered Dubai and are running their operations. The city is a major shopping destination in the world.
Happy Place
In Dubai, keeping its residents happy is a crucial goal of its government. It wants to make Dubai the happiest place in the world.
The government is adopting a unique science-based approach to keep its residents happy methodically.
The Dubai Happiness Agenda impacts, measures and sustains happiness for the whole city.
The government has created impactful programs to increase satisfaction among residents and encourage positive psychology directed to increase happiness.
Broad Property Range
Dubai's real estate market is developed and matured. You can get all types of properties to choose from if you look for a property to purchase. Dubai's real estate market offers luxurious and convenient properties across the city.
You get a broad collection of studios, villas, apartments, and townhouses in popular areas, such as Jumeirah Beach Residence, Dubailand, Business Bay, Al Jaddaf Waterfront, and many other attractive places.
What is more, property managers in Dubai are friendly. When you purchase a property, they will help you at every stage of your purchase. So, even if you are a foreigner, you will find the purchase a smooth affair.
Not only in Dubai, but there are also ample properties for sale in the UAE that make your property search a smooth affair.
Low Crime Rate
There is something in Dubai that you will not find in many cities across the world. And that is–low crime rate.
With an efficient law and order and police system, the government has managed to keep crimes in the city at shallow levels.
The safety element is a significant advantage of buying property in Dubai. Besides, the prospects of the occurrence of minor crimes are also very shallow.
Say you unknowingly leave your wallet visible in your car. It is unlikely to be stolen.
The Final Words
As you now know, there are many perks of owning a property in Dubai; you can consider purchasing a property in the city. It is a good idea to start your search by visiting a top-class property portal.
