As one of the fastest-growing cities in the world, Dubai boasts a thriving economy, an unrivaled property portfolio, and some of the best returns on property investment.
There are a lot of things that make Dubai’s property market so exciting. Here are some of the reasons why Dubai is the best place to invest right now.
Dubai a lifestyle destination that redefines luxury complete with everything you could ask for, with a very superior standard of living – access to great beaches, great schools, and community living suiting the needs of anyone.
In addition to being one of the best places to live, Dubai is also one of the best places to raise a family due to its safe and secure surroundings. The crime rate is really low, and violent crimes are almost nonexistent. As a matter of fact, Dubai is considered to be one of the safest cities in the world to live in.
Its world-class infrastructure and connectivity have helped Dubai become a major hub not only in the Middle East, but around the world. In Dubai, you’ll find world-class infrastructure and urban planning. And it is also evolving into a smart and sustainable city.
Located in the middle of the United Arab Emirates, Dubai’s position is strategic. Most flights from the UAE last four hours or less to all major business hubs in MENA. A key aviation link, it’s a great way to get anywhere in the world.
Dubai offers superior property yields than popular cities such as London and New York, with a gross rental yield of between 5-10% and an average return of over 5%. The property prices in Dubai are also quite competitive (in fact under-valued in many cases) versus other major international hubs like London, New York, Hong Kong, Paris, and Singapore.
Your investment would always be pegged to the US Dollar, which is the safest bet given the growing economic upheaval and currency fluctuations worldwide.
Investors choose Dubai because of the economy’s continued growth and stability. As the tourism and commercial hub of the Middle East, it has one of the most diversified economies, attracting a high volume of foreign investment annually. It comes as no surprise that Dubai took the top spot in 2021 for attracting foreign direct investment projects.
Real estate investors are eligible for a UAE golden visa if they:
The dynamics of the UAE may shift:
The golden residence permit would make an enormous difference to the perception that UAE is a short-term option for expats. As a result, interest in learning the local language and assimilation into the UAE culture may increase further.
Even more Entrepreneurs and Innovators will arrive
In the long term, the changes to the visa rules are going to help make Dubai and the UAE a hub for technical excellence. The way to build that excellence is by attracting the best talent available from around the world, and also having a good ecosystem in place to support that talent. These are the people who are going to innovate new enterprises, which in turn will go on to contribute to the economy and create more jobs. They can look towards building a long-term career in the UAE and adding value to society.
Dubai is often referred to as ‘the city of the future’, and it has been suggested that it will be the world’s most innovative city in the next ten years thanks to its major innovation projects. The new UAE golden residency visas will be offered to specialists working in medicine, science, research, and technical fields, including, doctors and engineers. This is a pool of people with much of the expertise needed to solve the world’s most pressing problems.
Expats from around the world have always been drawn to Dubai for its tax-free lifestyle. Dubai is an attractive place to work because it provides the opportunity to grow your wealth without paying taxes. Think about it. How many countries in the world don’t levy any personal tax against your income?
Dubai’s real estate market has been rated the most transparent in the Middle East and North Africa. At the moment, the market is at a high point with no signs of slowing down. Through new and revised initiatives and regulations, the government is improving market transparency.
Over the past few years, Dubai has become one of the world’s most dynamic cities and has attracted investors from all over. These factors create a plethora of opportunities for property investors looking to tap into Dubai’s booming property market.