Many of our international clients and investors at Reatly HOMIST are hesitant about investment in Dubai. Herein we have tried to give you informative reasonings why you may consider buying property in Dubai:
- Strong economy: Dubai has a strong and stable economy, driven by sectors such as real estate, tourism, and financial services.
- Long Term Golden Visa: You can easily benefit from long term visa (UAE Golden Visa) by investing in a property with value of 2,000,000 AED (or more). You family will benefit as well.
- Tax benefits: Dubai has a tax-free environment, meaning you don’t have to pay any income tax, property tax, or capital gains tax on your property investments.
- High rental yields: Rental yields in Dubai can be as high as 7-8%, making it an attractive investment opportunity for those looking for rental income.
- Growing population: Dubai’s population has been steadily increasing over the years, which has led to a growing demand for housing.
- Strategic location: Dubai is strategically located between Europe, Asia, and Africa, making it an ideal location for business and trade.
- Infrastructure development: Dubai has invested heavily in infrastructure development, including the construction of the world’s largest airport and the expansion of its transportation network.
- Lifestyle: Dubai offers a high standard of living, with world-class amenities and attractions such as luxury shopping, fine dining, and cultural experiences.
- Return on investment: Property prices in Dubai have been steadily increasing over the years, providing investors with attractive returns on their investment.
It is important to note that the real estate market in Dubai can be volatile and subject to fluctuations. It is essential to do your research, seek professional advice, and invest wisely to minimize risks and maximize returns.
Here are some additional statistical reasons to consider when deciding whether to buy property in Dubai:
- Property prices: According to data from the Dubai Land Department, the average price per square foot for a residential property in Dubai was AED 1,012 ($275) in Q1 2021. This represents a 3.2% increase compared to the same period in 2020.
- Rental yields: As mentioned earlier, rental yields in Dubai can be as high as 7-8%. According to the Property Monitor rental index, the average rental yield for a studio apartment in Dubai was 7.9% in February 2021, while the average rental yield for a two-bedroom apartment was 6.2%.
- Sales transactions: Despite the global pandemic, the Dubai property market has remained resilient, with a total of 6,027 real estate transactions recorded in January 2021 alone, according to data from the Dubai Land Department. This represents a 35% increase compared to the same period in 2020.
- Foreign investment: Dubai has attracted significant foreign investment in recent years, with international buyers accounting for 43% of all real estate transactions in 2020, according to Property Finder. This highlights the attractiveness of Dubai’s property market to investors from around the world.
- Infrastructure development: As mentioned earlier, Dubai has invested heavily in infrastructure development, including the construction of the world’s largest airport and the expansion of its transportation network. This has helped to drive demand for property in the city, particularly in areas with good transport links.
It is important to note that statistics can only provide a snapshot of the market at a particular point in time, and that past performance is not a guarantee of future results. It is important to conduct thorough research and seek professional advice before making any investment decisions.
Why Homist ?
Commitment: We are with you in all conditions! Transparency & Honesty: First & most important way for success! Discipline: We respect your time & money! One Step Ahead!: Property market is very dynamic, we have our own solution to keep the pace. Smart Solutions: We offer you unique investment solutions which are very rare in the market. Lone Term Relation: Once you will receive our service, we can guarantee there will next cooperation in near future.
