Today, Dubai is one of the most popular investment destinations in the world. It offers many amazing properties and property developments for locals and foreign investors. Many investors choose this place to make a convenient and connected lifestyle because of the perfect architectural wonders and its prime location. Dubai also offers excellent infrastructure, a stable government, and a favorable taxation system. But other factors attract a huge population of people to rent or buy property in Dubai. So if you want to start investing in real estate, read the following benefits of buying property in Dubai to get a better idea of this subject.
Dubai is a modern, safe city and offers a range of real estate investment opportunities. It also has a strong rental market, with high demand for property and good returns. Furthermore, the city has one of the most stable economies in the world. Dubai offers a range of neighborhoods to choose from when buying property. From the vibrant beachside communities of Jumeirah and Palm Jumeirah to the business district of Downtown and the trendy Marina, there are plenty of great neighborhoods to buy property in Dubai. Each neighborhood offers its own unique features and benefits, from access to beaches and parks to proximity to restaurants and shopping centers. With its diverse range of properties, Dubai offers something for everyone, no matter what type of property buyer you are.
Here, you can read about the top five reasons that motivate people to invest in the Dubai property market.
If you want to make a property investment, one of the most important factors to consider is the country’s economy. While new investors like to invest in low-priced properties to get a run for their money, the reality is that when you invest in any property, the result depends on the country’s economy. During the years, the UAE provided a strong economy for the whole MENA region. While it went through different economic hurdles, it remained stable and robust. As you might know, Abu Dhabi has suffered the blow of the oil crisis, while Dubai has shown a resilient economy while enduring challenges. So one of the main reasons that you should make a profitable investment in Dubai is that this place is one of the fastest-growing economies in the world.
In today’s world, every investor seeks to live in a modern and smart city. This is exactly what you can find in Dubai with the utmost convenience. There you can access different facilities like an enhanced public transportation system, developed facilities, and exciting entertainment goals. So many people choose to buy a property in Dubai to enjoy the finest and finest amenities with the best global standards. For example, you can travel to your workplace using smart transportation networks or enjoy your night at leisure destinations developed in the city year after year. The city has world-class infrastructure, making it a safe and secure place to live. Moreover, the city offers many job opportunities and is a great place to invest. Therefore, many people are attracted to buying townhouses and villas in Dubai.
It might be interesting to know that you will not hear anything about crime in the emirate. This provides this place as one of the best places to buy property. The ideal property investment will not happen if you don’t choose a safe community. This is where your children can play freely and sleep soundly at night without worry. While other countries have been trying to resolve their increasing crime rates, Dubai is an excellent place to invest as it is one of the most secure and safest countries. They use the latest gadgets to bust criminals and provide strict and stern policies against crime. The robbery cases are almost zero, and petty road fights mostly resolve peacefully.
The biggest benefit of investing in Dubai properties is that you will become eligible to get a residence visa in the UAE.
You just have to be careful to buy a property worth at least AED 1 million, with no mortgage or financial assistance, and the property must be conducive to occupancy. It means the benefit of residency in the UAE will not just be as a foreign investor, and you can ask the Dubai Land Department (DLD) for an investor visa.
It is time to discuss the major cost of living in Dubai. Housing in Dubai is one of the most affordable in the world, with rents and prices for properties ranging from mid-range to luxury. Additionally, everyday expenses such as food and transportation are relatively low compared to other cities. Dubai is also known for its tax-free income and cheaper cost of living than other cities in the region.
The average price per square foot in Dubai is lower than properties in Europe or the USA.
Plots in Dubai, for example, have rates that range from AED 60 to AED 100 per square foot in secondary locations like Dubai Sports City or Dubai Silicon Oasis. In prime locations like Downtown Dubai and Dubai Marina, it can cost from AED 250 to AED 350. These rates, however, are still relatively cheaper compared to properties in prime locations in other countries.
Searching for the best property for sale in Dubai has now been made easier! With us, you can now browse all the properties and refine results based on your preferred location, price range, size, and other details. If you plan to invest by buying Villas or apartments in Dubai, browse through our different property types like apartments, villas, and even offices for sale in Dubai. At Dxboffplan real estate, we help you find the best off-plan projects in the UAE.
