People who are aware of Dubai real estate know that it is a thriving market and buying properties there is a better choice to live a lavish life while opening the opportunity of high ROI and rental incomes.
With some new planning from the government and merger of big companies there are going to be more launches and delivery of housing projects in prime locations of Dubai. The commercial properties are also doing very well but we will see more on housing.
The properties in Dubai are gaining more and more popularity because of their luxuriousness and good percentage of ROI every year. The developers in Dubai are now working on new housing projects that are very expensive like Mercedes Benz Places by Binghatti to attract the rich buyers in the world. Indians are among the top buyers of luxurious properties like villas and townhouses in Dubai. People from India normally visit Dubai to spend holidays with friends and family.
For the past 1.5 years the investors are very much attracted towards the luxurious properties in Dubai located in prime locations like Rashid Yachts & Marina, Dubai Hills Estate, Jumeirah Village Circle, and Damac Hills 2. Such locations attract rich buyers because of their attractive surroundings and open facing homes having exclusive facilities and amenities. Renting out properties in these locations are very easy because people who visit and stay in Dubai normally look for rental properties.
Lately, there is a growing trend among rich Indians to purchase lavish properties and houses around the world. It is like they are making a "Plan B" for themselves and their families. In Dubai, buying an extra luxurious home is often about having a place to live rather than just making money from it. A study from a company for the financial year 2023 shows that Indians who have high income are buying more properties in Dubai than anyone else. This trend is not just among those working in Dubai but also includes very wealthy people from all around the world who see Dubai's housing market as a better opportunity.
There are lots of reasons for these continuous demand for luxurious properties. Homes in Dubai can increase in price, earn more rent than in India, and the investments are low-taxed or sometimes tax-free. Also, people can own the property without any long wait, enjoy world-class facilities, benefit from the rising popularity of Dubai's currency, and maybe easy to get a "golden visa. Owning a home in a world-famous city like Dubai is also about the happiness of owning a grand house in a beautiful city, not just about making money.
Wealthy Indian families want to be part of a world with no borders, where they can work from anywhere. This desire leads them to buy expensive properties in places like Dubai and London, helping them live the global lifestyle they dream of. These purchases also help them plan for the future, offering their kids better education and job opportunities, a very comfortable life, and the chance to start new businesses. Plus, having a second home in these countries makes traveling to other countries much easier.
Investing in international real estate can also make financial gains. It adds more options to investments and can reduce risk. Investors might think about real estate funds or companies that own properties in various types of real estate across the world. Before investing, it is important to think about things like the demand for real estate in the area, the possibility of making money, and how interest rates might affect property prices. It is also important to understand the costs and taxes involved in selling the property later.
Having a local partner from companies like Dubai Housing can be a big help after buying a property. They can assist with everything from legal checks to eventually selling the property. They are especially useful if the property is used for business because they know how to manage it well. In 2024 there are more properties are being launched but the demands are rising even more because of which the properties are sold out. So, it is important to go through brokers who can find and book your desired house in Dubai.
Buying real estate abroad can be a good move for those looking for a "Plan B." Countries like the UAE, USA, Portugal, Canada, and the UK are popular choices. Working with a professional broker can make this process easier and help achieve those dreams of living in popular cities in the world. Dubai Housing can be your partner in grabbing good opportunities in the property market of Dubai with their team of professionals.
