When it comes to Real Estate Investment in Dubai it is quite surprising that the city offers higher rental yields than another real estate present globally. Other than this, investors have been profitable with gross rental yields of 5-9% which is indeed a good value compared to other cities. Besides this, there are more surprising facts that make real estate investment quite beneficial in Dubai. Let’s understand in detail.
1: Dubai is a vast area to invest
Dubai real estate is considered to be a massive market and investors as well as end-users have lots of options to choose from
for investment. This city is home to around 2.9 million residents of different nationalities and occupations and it is expected that this number might increase to 5 million by 2030.
And you will be shocked by knowing that 70% of the population of Dubai is comprised of ex-pats, which that indicates investors across the globe find Dubai an ideal place for investment. As mentioned above residents from different nationalities with occupations choose Dubai as their home or business destination.
So whether you are looking for commercial, office space, or for residential space all types of properties like Damac Safa Two and Damac Gems Estates and more with amenities are easily available in Dubai, starting from affordable section to mid-range and high range as compared to other cities.
2: High Return on Investment
For investors, Dubai is the most favorable place for investment as compared to other metropolitan cities and the reason is intense ROI profits. Yes, if you invest in Dubai real estate it can generate a higher rental yield as compared to other real estate hubs in the world.
Investors can expect 5-6% ROI on ready-to-rent properties which is 3 to 4 percent in London, Hong Kong, and other cities. Dubai offers an average rental yield of 7 cents compared to other cities like New York (2.8 percent), Singapore (2.5 percent), London (2.6 percent), Hong Kong (2.3 percent), and India (2.7 percent). In 2022 Dubai city witnessed an increase of over 10 percent in residential holding which is indeed massive.
3: Be a permanent resident with Property Investment in Dubai
Are you dreaming of being established in Dubai? Well, there are various services provided by the UAE government that allows immigrants to buy a permanent residence in Dubai. This luxurious city is offering myriads of support such as resident visas and zero tax services became any immigrants to get the right of permanent residents in Dubai.
So as per the guideline regulated for foreign home buyers, the applicant must have an asset in Dubai worth AED 1 million and the Dubai land Department will allow them for the resident visa by submitting some essential documents photocopied (copy of passport and identity proof).
4: The most secure place to invest
The implementation of strict rules and regulations is quite transparent in Dubai which makes the city the most secure place to invest. Besides this, Dubai’s real estate market follows firm security and protection so that both investors, as well as developers, will be accountable to Dubai Real estate Authority in case any fraudulent activity occurs.
5: Real Estate Investment in Dubai is in Demand
Insufficient supply of property makes real estate demand in Dubai sought-after. In addition to this, Dubai Housing offers a range of affordable as well as premium and luxury segments properties as compared to other cities. The fabulous architecture, luxury, and sense of extravagance are the identity of the Dubai property market which makes the city the number 1 investment zone in the world.
Being one of the world’s most luxurious cities, Dubai is known for its stunning sky scrapper buildings. Especially the tallest Burj Khalifa- this 828-meter-long tower is renowned for its height in the world. This luxurious city perfectly represents an ultra-modern lifestyle where one can witness unique architecture, a multicultural environment, and top-notch options to unwind.
6: Unusual and Impressive Spots in the City
Dubai holds enchanting locations and getting home to that stupendous area is a dream for all end-users. The city is brimmed with impressive spots whose breathtaking views will amaze you from a certain height of your apartment balcony. The city is majorly known for the world’s first-ever artificial island Palm Jumeirah (which caught the attention of the entire world) and the tallest Burj Khalifa, the famous Burj Al Arab restaurants, and so on.
7: Dubai has a Good Transportation System
Dubai enjoys an excellent transportation system because the city is advanced in technology every commute will be easy for the residents here. The driverless metro services, taxi services, and water bus facilities are there to make your travel easy.
Moreover, Dubai is well connected to the sea area so it can easily commute via waterways; similarly, the city is very easily reachable from other countries via air-ways within 2 to 3 hours.
Conclusion
Extravagance is what Dubai exactly represents, if you are wondering to experience that authentic sumptuous living then this city has many more things to explore. We all know that because of such reasons and providing a royal lifestyle including a safe environment Dubai has become the preferred choice for a real estate investment center.
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