Dubai is known for its tall buildings, shopping malls, nightlife, and tourism. Although there are also two more cities in UAE, i.e. Abu Dhabi & Sharjah, which are famous for their amenities, they can’t compete with Dubai. Moreover, this city has become the rapidly growing business spot of the globe. The tallest building globally, the Burj Khalifa and Palm tree-shaped artificial islands attract a myriad of international tourists. Investing in Dubai real estate is advantageous for foreigners as well as for native citizens. Nowadays, many realtors are selling luxury properties at affordable prices in Dubai. You can easily find properties for sale in Dubai from leading property listing sites on the internet. Apart from this, you can take the help of leading real estate agents to discover the apartment of your choice.
In this article, we are going to tell you 7 compelling reasons to buy a property in Dubai. Here we go
- Outstanding Rental Yields
Whether you live in the United Arab Emirates or other parts of the world, buying apartments in Dubai is a great option to earn money with rental properties. The population of Dubai is continuously increasing. People from all over the world come here to make their career or to do business. It is obvious that these people need a space to stay for years in Dubai. According to the statistics, Dubai’s population is increasing by around 11% every year. And you will be surprised to know that the population of Dubai has increased by 86% between 2008-2018.
- Tourism Industry Is Thriving
Dubai is full of beautiful beaches, sand dunes, big shopping malls, tall buildings, making it a fantastic tourist destination. Here foreigners enjoy endless shopping opportunities, delicious foods, spectacular views of Dubai Creek and more. Hence, investing in Dubai business properties is definitely a lucrative business.
- Among The Safest Cities Of World
Everyone wants to live in a secure & safe place, where the crime rate is low. Well, Dubai lies in the top 20 safest cities of the world. Moreover, 92% of Dubai residents found it the safest city in terms of personal security during the COVID-19 pandemic. Put simply, criminal risk in the city is very low, so you can live here in peace after your retirement.
- The City Of Happiness
For the UAE government, people’s happiness is paramount; that’s why they have formed the Ministry Of Happiness in 2016. The major responsibility of this cabinet is to carve such policies and programs that incline the happiness of the citizens of Dubai. In addition to this, they appraise the happiness level of the people living in emirates and take the required action to promote positivity.
- Robust Infrastructure
Dubai ranks first when it comes to robust infrastructures. As mentioned above, you will find the world’s most incredible infrastructure in Dubai like Burj Khalifa (the tallest building in the globe), artificial beaches, Jebel Ali Port (the largest artificial seaport), Dubai mall (the largest mall in the world). As per the stats, before the coronavirus crises, Dubai’s international airport was among the world’s busiest airports. Dubai’s real estate sector is constantly evolving, which is one of the most important reasons to invest here.
- Low Acquisition Cost
The cost of acquisition of the property in Dubai is much lower than in other countries. For instance, the average rate per square foot space in Dubai is around 470 US dollars. However, you would have to spend around 3,210 US dollars to own the same property in the United States.
- No Annual Taxes On Property
This is the meat. The most special benefit of buying an apartment, villas, or any other property in Dubai is that you don’t have to pay annual taxes to the government. Yes, it’s true; you just have to pay a one-time registration fee to DLD (Dubai Land Of Department) and no other property taxes after that. It has a great impact on the overall rental yield; Invest less, Get more.
The Bottom Line -:
We hope after reading this article, you get enough reasons to invest in Dubai. So what are you waiting for? Google “Properties For Sale In Dubai” and book your unit Now!