10 Reasons To Invest In Dubai Real Estate In 2021
Over that past few years, Dubai has been known as a beautiful Middle Eastern city attracting investors from all round the world. If you wonder why Dubai has gained fame as one of the best investment hubs, here are 10 reasons to invest in Dubai real estate in the year 2021…
Get UAE’s passport through property
Issuing the UAE’s passports for property investors and also talented people is one of the most recent and also one of the most important initiatives that the government of the UAE offers. There’s no better reason than UAE’s passport to invest in this privileged country!
Dubai, more affordable now
In the past, Dubai was a very expensive city. On the contrary to this, Dubai is cheaper than other main cities in the world. For example, you can find cheap properties for sale in Dubai that are priced at only AED 400,000 and sometimes even less. Yes, this is a golden opportunity that should not be missed!
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Economic growth is one of the most important factors that investors take into consideration when they decide to invest in a foreign country. One of the most interesting facts about Dubai is that the number and statistics show it has experienced a continuous economic boost in the past few years. More interestingly, Dubai’s economy will flourish even in the next few years. Also, all of the recent progress this amazing city has made has been in spite of some challenges including Covid-19. Thus, Dubai is a perfect place to invest in 2021!
Over that past few years, tourists from all around the world have been flocking to Dubai as they are fascinated with how that city has turned into a paradise in the heart of a desert. Dubai is home to stunning skyscrapers, luxurious hotels, prestigious properties, as well as various arts and cultural festivals such as Dubai International Film Festival, and Dubai Jazz Festival as well as sporting events like Dubai Golf Desert Classic.
Safety and security
Dubai is one of the safest cities in the planet where people enjoy a low crime rate. It has also an efficient legal system. A good investor always want to invest in a safe country, and the UAE is not only the safest country in the region but also one of the safest in the world. It is interesting that it has lowest rate of crimes and theft which is amazing. Thus, it is no surprise why people find it reliable to start their lives in this beautiful city.
Being one of the safest cities in the world with a low crime rate and a great legal system, many investors see it as an amazing destination to invest in.
Perfect for doing business
The UAE is one of the best places in the world to do business. The following rankings reflect the fact:
- Getting electricity – 1st rank
- Paying taxes – 2nd rank
- Dealing with construction permits- 5th rank
- Registering property – 7th rank
- Enforcing of contracts – 9th rank
- Protecting minority investors – 15th rank
In 2016, Dubai announced to set up the biggest wholesale city in the world with an investment of AED 30 billion. Dubai has the tallest buildings in the world, Burj Khalifa. Dubai International Airport is proud to be the world’s fastest growing airport and also the world’s sixth busiest airport in terms of international passenger traffic, handling 41 million international passengers in 2009. Jebel Ali Port is the largest man-made port in the world. These factors are enough to make Dubai one of the best places to invest in.
Dubai is among few places on the planet where you don’t have to pay any tax. There’s no tax on incomes or capital gains. In the year 2018, the country implemented a law that allows 100% foreign ownership of companies. Also, the introduction of a 10-year residency visa for investors and specialists was an important move. This is also one of the reasons making Dubai an incredible land of opportunities for investors from all around the world.
Happiness above all else!
It is interesting to note that the UAE has a department for ‘happiness’. Dubai aims to be become the happiest cities in the world. The ministry aims to add happiness and positivity to the people’s lives. With such beautiful mindset and dedication towards making the general public happier than ever, Dubai is absolutely a paradise for investors adding to value of their investments!
Owing to its visionary leadership that works towards development in economic, social, cultural, environmental, and political domains, Dubai and the UAE remain politically stable. Since its formation in 1971, the UAE has been a successful constitutional monarchy and will be in the future. This is because of the belief system of the UAE’s Founding Fathers in peace and justice and the continued belief of the present political system and government in the same.
According to the above, Dubai is one of the best places not only to invest in real estate, but also to step into other investments!