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What are the advantages of investing in Dubai real estate?
Stable economic development
Dubai has implemented several sustainable development programs, including the Dubai Industrial Strategy 2030, Dubai Clean Energy Strategy, Dubai Future District, and UAE Centennial 2071. Each of these strategies aims to transform the emirate into an international hub for clean energy, economics, education, and innovation.
Dynamic rental market
In the first quarter of 2023, Dubai welcomed around 8.55 million foreigners. This is the best tourism performance in the city for the first half of the year since 2019. The stable and significant influx of tourists and international businessmen creates a high demand for rental properties
Strategic location
Dubai airport provides connectivity to Europe, Africa, North and South America, the Middle East, and Asia. It is considered the busiest airport in the world in terms of international flights.
High ROI
Investing in Dubai real estate offers a high ROI and is tax free for investors from every country except the United States. The average return ranges from 5–7% or higher.
Visa opportunities
Investors who purchase property can obtain a visa. If the value of the purchased residence exceeds AED 750K (USD 204K), the investor can receive a 2-year residency visa. If the investment amount reaches AED 2M (USD 545K) or more, then the investor is eligible for a 10-year Golden Visa. This visa allows the holder to legally stay in the UAE long-term, open a bank account, study, INVEST IN DUBAI work, and relocate the family and domestic staff.
Advanced infrastructure
The emirate boasts international franchisees of various nurseries and schools, Michelin-starred restaurants, and worldrenowned shopping centres like Dubai Mall and Mall of the Emirates. The healthcare system offers high-quality services and advanced technologies. The well-developed transportation infrastructure allows easy access to any area of the metropolis via fully automated metro, buses, taxis, or private vehicles.
Stable currency
The UAE currency is considered one of the most stable in the global economy. The exchange rate of the Arab Emirate Dirham to the US Dollar has remained unchanged for 20 years, firmly staying at AED 3.67 per USD 1
Affordable prices
The cost of luxury residences in Dubai is lower than in London, Hong Kong, and New York. Developers continue to offer premium-class properties as international investors can purchase elite real estate in a developed resort city at almost the cost of construction, with a return on investment (ROI) of 20–30%.
Flexible payment terms
When purchasing property, investors can utilise mortgages or interest-free payment plans from developers. In the latter case, payments are typically divided up over 3-5 years, excluding the down payment and one-time fees that amount to 5–10 % of the purchase cost. Some developers offer post-handover payment plans, allowing the remaining amount to be paid over several years after project completion.