We all know how popular Dubai is in the world because of its luxurious lifestyle. After 2020 Indians are not slowing down and are among the top foreigners who are buying properties in Dubai. Now, let’s see what are the reasons behind this huge demand for properties from India.
Dubai has more chances of capital growth if a buyer invests in properties. Normally there is around 5 to 7 percent rise in the price of the properties every year. This makes Dubai a suitable place to make money through property investment. In 2024 the launch of new projects from top developers in Dubai has grabbed even more attention from the Indian buyers. Another benefit is the much less tax in Dubai and some say that there is no tax on other things also which means that the Indians can save more on their profits.
Now let us come to one of the main attractions of properties located in Dubai and that is the rental income which comes with the houses purchased. A large number of people come to Dubai every year for different reasons and a good percentage of people look for beautiful rental houses to stay with friends or family. This shows a huge demand for rental properties and cities like Dubai can offer 4 to 7 percent of rental yields. It is good for those Indians looking for a smooth monthly income. We can say that the tourism of Dubai helps a lot for the increase of demand for a modern house in a beautiful place with peaceful surroundings.
The dirham of UAE is doing very well in the world and can be exchanged easily with the US dollar. The Indians are also benefited from the currency of UAE for its high demand which may make their investment more profitable in the future. Here at Dubai Indians can also purchase properties with cryptocurrency like Bitcoin and this makes payment for the properties more comfortable.There are a number of Indians who have Bitcoins as their investment. A lot of foreigners from European and Western countries also come to Dubai and stay for a long period which means that a lot of dollar exchange happens every year.
There are some doubts about the ownership of the properties but there is no need to worry because the Government of Dubai allows people from other countries to 100 percent own a property in Dubai that are freehold. This means that Indians can completely own their bought properties and can plan their investments according to them. Builders like Danube Properties and Binghatti Developers are popular for providing properties with full ownership in prime locations of Dubai like Danube DIamondz and Binghatti One.
The design of the buildings and communities are of world-class quality along with the facilities and amenities. The lifestyle in Dubai is liked by the Indians because of its lavishness and connectivity. Properties built by Emaar Properties and Damac Properties are launching new projects with more luxurious amenities for the convenience of the residents. One such example is Emaar Palace Residences Creek Blue at Dubai Creek Harbour which is launched in 2024 with modern facilities.
The other thing that Indians like about Dubai is the VISA facilities provided by the Government of Dubai. Indians can get residency VISA or Golden Visa by buying properties in Dubai. There are some different types of visas like short visa or long visa. The period of visa can depend upon the price of the property like if an Indian buys an expensive villa in Dubai then he/she may get a Golden VISA which will allow them 5 to 10 years of residency in Dubai. Sobha Realty has a lot of property collection like Skyscape Avenue which can help to get a VISA in Dubai.
Indians like to invest in Dubai to divide their investments in different locations and property types to lower the risks. Dubai is also one of the popular cities in the world where a lot of commercial activities goes on which means that there are more opportunities for making money and Indians can fulfil their dreams in this busy city. In the property market a lot of Indians are also working and helping in the development of services. Another thing is that Indians find Dubai just like their own place because a huge percentage of people living in Dubai speak Hindi or Urdu.
Indians are still interested in buying properties in Dubai even after decades. This shows how comfortable Dubai is for living. But now a lot of Indians are not purchasing houses for investment and rental incomes to get high returns. Some professionals working in Dubai Housing said that the property market in Dubai has a good future and it is a good time to buy properties that are available at an attractive payment plan.
