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Do You Know Why Dubai Is A Favorite 2nd Home Destination?

Here we bring 5 essential reasons such as golden visa, 100% ownership, robust developments, government support and more that makes Dubai second home destination and promises lucrative investment in 2022. Dubai investment opens up bigger investment opportunities.

Do You Know Why Dubai Is A Favorite 2nd Home Destination?
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Dubai is considered as the 3rd best city to live in as it promises quality lifestyle and creates a pool of opportunities in terms of investment, business and employment. Dubai is widely known as smart sustainable city where all the major pillars healthcare, building, tourism, transportation, public safety, telecom and more have shown an appreciation which has directly uplifted the Dubai’s Economy and Investment rate.

Here We Are Going To Give You Deets On The Factors That Make Dubai Your 2nd Home Investment Spot: - 

Successful Handling of The Pandemic

COVID-19 has shown its detrimental effects everywhere and surely coming out of it is a daunting task, but countries like Dubai has managed it meticulously to make a COVID-FREE zone.

Prime Details On UAE Vaccination

  1. Total vaccine doses- 23,339,861
  2. Vaccination percentage- 93.59% of population is fully vaccinated and 100 percent population with 1 dose
  3. Daily tests- 499001
  4. Recovered- 769,458

So with 100 per cent vaccination rate it makes Dubai a safe and secured city in UAE which improves the livability rate and welcome others too for the exposure of its lifestyle and property investment in Dubai.

Needless to say, Dubai government has worked with all possible ways to control the virus.

100 Percent Ownership and Golden VISA

Golden Visa is a program that allows wealthy people to have residence permit or citizenship in another country by purchasing a house there, or can plan for large investment, even donation is invited.

With the help of this, other family members will become legal residents of that country where they access to school, hospital, healthcare and other options are there too.

This Golden Visa eventually creates a citizenship for the golden visa holders.

What Is Required?

  1. Own your money to invest
  2. You need to maintain the investment 
  3. Legally you need to acquire the money
  4. Have clear criminal background
  5. Have financial resources to sustain yourself 

Other Important Investments

  1. Investment in company’s shares or stock
  2. Plan investment in company’s public debt
  3. Develop employment opportunities
  4. Add into country’s scientific or technological innovation 
  5. So after such investment you can plan for a Golden Visa.

Investor’s Paradise

As mentioned above Dubai is considered the 3rd best city where the real estate sector is booming because of high FDI and then alluring developments in Dubai bring top-notch investors and home buyers together to plan for their investments.

The government has taken legislative steps to promote Dubai as a foreign investment hub and the zero-rate income tax regime is the biggest advantage, so this makes Dubai a paradise location for investors.

Top Class Infrastructures

Rapid development in Dubai is an indication of its development where 49 new skyscrapers are under construction and roughly, 12 active high-rise developments have been proposed for construction.

Under the 2040 Urban Master Plan, Dubai's population is expected to increase from the existing 3.4m to 5.8m where it is estimated 24,150 to 27,500 units and this even improves the social and physical infrastructure to add better livability and create a distinct lifestyle in Dubai.

So as per the family size and your budget or if it is for the investment you can make your right selection from outside or inside the city and the above chart showcases the price differentiation. So its comparison showcases the difference of AED 1,841 for 1 Bedroom and AED 3,309 for 3 Bedrooms which is a good difference, so according to this, you can plan in a much better way.

Government Support

Optimistic support from the government with new norms to support investment in Dubai has increased the vision of Dubai where rapid development in real estate sector is gleaning the attention of investors and home buyers from different countries to be a part of the smart property where city’s infrastructure, new technology, business friendly atmosphere, heaps of other opportunities and innovation level accelerates the picture of Dubai.

Conclusion

These 5 aspects justify the value of Dubai real estate where it can be made as a second home destination for bigger benefits and appreciation.

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