Top 5 Reasons to Invest in Dubai’s Real Estate market
From the world’s tallest skyscraper to a man-made, palm tree-shaped island, Dubai never ceases to enchant and amaze. This is true not only for expats looking to live and work in Dubai, but also for a growing number of investors who are becoming increasingly interested in dip their toes in Dubai’s property market.
Here’s why – As one of the fastest-growing cities in the world, Dubai boasts a booming economy, an extraordinaryproperty portfolio and some of the highest returns on property investment.
There are a lot of things that make Dubai’s property market so exciting. Here are the top 5 reasons why Dubai is the best place to invest right now.
Tax-free income
Expats from around the world have always been drawn to Dubai for its tax-free lifestyle. Dubai is an attractive place to work because it provides the opportunity to grow your wealth without paying taxes. Think about it. How many countries in the world don’t levy any personal tax against your income?
Safety
In addition to being one of the best places to live, Dubai is also one of the best places to raise a family due to its safe and secure surroundings. The crime rate is really low, and violent crimes are almost nonexistent. As a matter of fact, Dubai is considered to be one of the safest cities in the world to live in.
World-class infrastructure
Its world-class infrastructure and connectivity have helped Dubai become a major hub not only in the Middle East, but around the world. In Dubai, you’ll find world-class infrastructure and urban planning. And it is also evolving into a smart and sustainable city.
Competitive prices and rental yields
Dubai offers superior property yields than popular cities such as London and New York, with a gross rental yield of between 6-10% and an average return of average 7.5%. The property prices in Dubai are also competitive versus other major international hubs like London, New York, Hong Kong, Paris, and Singapore.
High standard of living
Any list of the world’s most luxurious cities includes Dubai. The city has a reputation for a glitz and glam lifestyle that is unlike anything else in the world. The city isn’t all about lavishness, though. It’s a lifestyle destination that redefines luxury complete with everything you could ask for.
Investors choose Dubai because of the economy’s continued growth and stability. As the tourism and commercial hub of the Middle East, it has one of the most diversified economies, attracting a high volume of foreign investment annually. It comes as no surprise that Dubai took the top spot in 2021 for attracting foreign direct investment projects.
Over the past few years, Dubai has become one of the world’s most dynamic cities and has attracted investors from all over. These factors create a plethora of opportunities for property investors looking to tap into Dubai’s booming property market.
Credence Real Estate Brokers help match the right property to you specific needs. Get in touch with us for a consultation.
