Why Dubai Real Estate?
Great Weather
Many people think that Dubai is a very hot city, but this is not completely true. There are only two seasons in Dubai Summer & Winter. Summer starts here around May and Winter starts in October. So, you can enjoy great weather between October to April months.
For the rest of the months, there is Air Conditioning everywhere, even bus stops are here fully air-conditioned. Even in the summer season morning & evening have pleasant weather, you can go to the beach every day in the morning and enjoy your evening walk.
Tax-free City
If you live & earn in Dubai, you don’t have to worry about different types of taxes, as Dubai has a zero tax policy for income, capital gains and many other sources. As well as, there is no property tax in Dubai which means, that once you purchase a property then you don’t have to pay any tax on that property in the future. And this is one of the best reasons to buy property in Dubai.
Property Value |
$500,000 |
||
S. No |
City |
Tax |
Tax Rate (%) |
1 |
Hong Kong |
$75,000 |
15 |
2 |
Singapore |
$68,580 |
13716 |
3 |
London |
$11,650 |
2.332 |
4 |
New York |
$11,095 |
2.219 |
5 |
Dubai |
$0 |
0 |
Now you may be doubtful about Federal Corporate Tax in UAE that will be effective from 1st June 2023. One thing here we want to make sure that Dubai's real estate market has been unaffected by this Federal Corporate Tax. So you can buy property here as you won’t have to keep paying some percentage of earnings from the property.
High standard of living
A couple of centuries back Dubai was a fishing village with a population of approx 800 - 1000. This city has emerged over time and is now globally recognized as one of the best cities thanks to its high standard of living and modern infrastructure. Dubai has every ingredient required for a global city & lifestyle hub like the best hotels, multi-cuisines dining options, beautiful beaches, entertainment & recreational zones.
When it comes to property in Dubai, real estate developers like Emaar Properties, Damac Properties and Sobha Realty etc. are offering different options for luxury residential properties in the best areas. And the best thing is that residential properties in Dubai are quite affordable in comparison to other top cities of the world, which means here you can buy affordable luxury properties.
Safety
When we talk about safety in Dubai, we are actually talking about two different types of safety (Individual Safety and Buyers/Investors' Interest Safety). This is one of the biggest factors to attract home buyers & investors. This city is known to be one of the safest cities in the world not only for the residents but for travellers too. As it has a very low crime rate, thanks to the efficient legal system and strict rules & regulations for the violators.
To protect the interest of real estate investors & home buyers, there is a strong regulatory framework under DLD (Dubai Land Department). One of the enticing factors that make Dubai stand apart is the most transparent & well-managed property market in MENA (the Middle East & North Africa) region. So, everyone feels safe here…
World-class Infrastructure
One thing is clear, world-class infrastructure & innovation helps Dubai’s economy and population to rise at outstanding rates. When it comes to infrastructure development then what’s not there - like the world’s tallest buildings, biggest malls and largest airports etc. This emirate city of UAE is also one of the biggest global hubs of technology and consider a World Leader For Artificial Intelligence. Here you can see food-serving robots humanoid robots.
Maintaining a perfect balance in the economic, social & environmental domain with a futuristic vision and non-stop development entices people from different parts of the world to invest in Dubai.
Competitive Prices And Rental Yields
Price of residential properties in Dubai are very low and return on investment & rental yields are very high if you compare it with top cities in the world like New York and London. Indeed, it’s a plus point that every location in Dubai is attractive with its own USP and every residential project here is outstanding and offers outstanding returns. And the same time, residential properties in Dubai with a low and zero property tax could lead to excellent ROI. And if you invest in top neighbourhoods of Dubai like Dubai Downtown, Business Bay, Dubai Marina, Palm Jumeirah and Damac Lagoons and Dubai South etc. then you can expect a double-digit return on investment.
Strategic Location
Dubai city has created everything itself to stand ahead of other top cities in the world, but its strategic location is God-gifted. This location is stand equidistance from both directions East & West and work as a natural bridge between producers, manufacturers, and consumers of the world.
Economic growth and stability
Another big reason to consider Dubai for real estate investment is rising economic growth and stability. Positioned equidistant from East and West, this region serves as a meeting point for Eastern & Western businesses. A perfect region from where you can expand your business in both directions. Thanks to the efforts of the UAE government to establish Dubai as the centre point of commerce in the middle east, its economy has since tremendously boosted in different economic sectors and experienced unbelievable capital growth.
According to different insights & data, the UAE economy is performing top of the Arab World with a growth of 3.8% in 2021 and expected to reach 5.4% at the end of 2022.