Top Benefits of Buying Property in Dubai

Dubai is quickly making its mark on the map with its incredible geopolitical landscape, state-of-the-art architecture, top-notch urban lifestyle, and amazing business opportunities. Not to mention, Dubai’s real estate market is currently one of the most sought-after real estate markets in the world. It’s often compared to those in London, Hong Kong, and New York City.

However, the best part of the story is that it’s more versatile and pocket-friendly than others. If you’re looking to invest in Dubai’s real estate as well, you’re in for a treat. This guide will help you familiarize yourself with Dubai’s real estate culture, introducing you to a plethora of investment opportunities as well as shedding light on why investing in Dubai’s real estate is beneficial.

Different Types of Investment Opportunities in Dubai

Before diving into the benefits of investing in Dubai’s real estate, let’s see what kind of real estate opportunities Dubai offers. Fortunately, there are plenty of them. Whether you’re looking to expand your business, planning to move to Dubai for a living, or buying a vacation home, Dubai has something for everyone.

Commercial Spaces

It’s no surprise that Dubai has transformed into a business hub. While some people may look at it as a hotspot for tourists, it’s home to various Fortune 500 companies, given the tremendous business opportunities it provides and its booming economy. Commercial spaces are quite common in Dubai. You can find one at every corner. There are numerous commercial spaces in Dubai’s astonishing skyscrapers as well as many on the beachfront, so you can easily find one according to your needs and budget.

Residential Properties and Vacation Homes

Whether you’re looking to move into Dubai or simply want a vacation home, Dubai offers plenty of opportunities. From the luxurious beachfront villas in Dubai’s man-made archipelago to extravagant and spacious apartments and penthouses in those amazing skyscrapers, you can make an investment anywhere, depending on your budget and other requirements. The best part of the story is that they’re all relatively cheap compared to real estate properties in other metropolitan hubs like London, New York City, Singapore, and Hong Kong.

Off-Plan Properties

Ranking third is off-plan properties. If you want to invest in real estate as a part of your long-term financial plan, you must buy off plan properties in Dubai. Off-plan properties are the ones that are yet to be constructed or those that are in the middle of construction. They’re significantly cheap compared to other residential properties and of course, they’re easier to buy in terms of payment as you only have to pay 10-20% of the total amount upfront. You can find a variety of the latest off plan properties in Dubai which can be beneficial for you in future when the project gets completed. It can help you in getting higher rental values or you can live in it and save your rent that you are going to pay while staying in Dubai, so all you need to do is hire a real estate agent, let him show you around, and negotiate on your behalf.

How is Investing in Dubai’s Real Estate Fruitful?

Now that you’re aware of the kinds of investment opportunities Dubai’s real estate market provides, let’s check out the benefits of investing in real estate in Dubai. Surprisingly, there are dozens of benefits, enough to keep you motivated to close the deal. No puns intended*

World-Class Infrastructure and Amenities

Dubai is popularly known for its world-class infrastructure and amenities. In fact, many claim that it has unmatchable infrastructure and amenities. It offers an extremely glamorous and equally comfortable life, including a variety of different leisure attractions, quality educational institutions, state-of-the-art healthcare facilities, and top-notch transportation systems.

Living in Dubai as well as investing in its real estate means you’re getting on the bandwagon to improve your everyday living as Dubai continues to set new benchmarks in urban life. The constant improvement in Dubai’s urban life ensures that people are interested in its real estate. Whether you’re to buy a property in Dubai or rent out one, you’re sure to enjoy its world-class infrastructure and amenities.

Golden Visa Relaxation

Dubai doesn’t offer a nationality or passport to anyone except for Arabs and that is something that has got many people worried. However, it has recently introduced a lot of relaxation to its golden visa program. Anyone who’s looking to live, establish a business, set up a new venture, or invest in the Emirates is eligible for a golden visa in Dubai.

Nevertheless, it comes with a few conditions. In order to obtain the golden visa that’s valid for 5-10 years and comes with a multiple-entry facility, you must make an investment worth two million dirhams. This works well for the economic growth of the country while attracting more and more investors from around the world.

Uprising Real Estate Market

The real estate market in Dubai is among the most stable real estate markets in the world. In fact, it’s one of the highest-growing real-estate markets at the moment. Regardless of the global economic fluctuations, Dubai’s real estate market has shown stability and growth. The property rates are constantly stable and the return on investment is still strong.

There are various factors that contribute to it, such as different mega-events, a growing tourism sector, and proactive government initiatives. Not to mention, the capital appreciation it brings along makes it worthwhile. Also, it’s a great source of a stable income, given the strong return on investment.

Tax-Free Environment

The tax-free culture of Dubai is one of the biggest reasons more and more people are looking to invest in Dubai. That’s right. When it comes to the tax culture, Dubai provides a lot of relaxation to its citizens while simultaneously attracting foreign direct investment.

To give you a better idea, Dubai doesn’t impose property tax, capital gains tax, and personal income tax. In other words, the tax regime in Dubai is extremely favorable. Not to forget, it’s something that makes buying property in Dubai pretty affordable. It also helps increase the return on investment in the real estate world. You can enjoy the benefits of purchasing your property without having to worry about paying taxes.

The Takeaway

Investing in real estate in Dubai is beneficial in every way. From saving on taxes to living a glamorous life, you’re in for a treat. All you have to do is carefully hire a real estate agent and start hunting the property. Also, please don’t forget to familiarize yourself with the real estate world in Dubai. It will help you understand and evaluate things better.