All You Need to Know About Dubai Real Estate

The United Arab Emirates is a top-ranked country where foreigners buy real estate for investment purposes. Dubai is the most prominent Emirate and competes against Abu Dhabi. The Best Luxury Properties in Dubai draw millions of tourists each year. Residents also require housing because more than 90% of the residents are ex-pats. This makes investing in real estate available within Jumeirah, Downtown Dubai, Dubai Marina, and other areas of high demand profitable and payback. Based on the market analysis, we’ll see how beneficial the property investment is.

Data from Dubai residential sales for 2021

According to the consultancy agency Knight Frank in 2021, the cost of Dubai housing will increase by 44%. This is the highest percentage of the 100 most sought-after cities. Experts believe that the trend will remain until 2022, which will allow Dubai to be competitive with Miami or Zurich. A growing number of investors are selecting Dubai over the UAE because of at least three reasons:

• Prices that are competitive compared to properties in the large European cities.
• A high standard of living.
• A profitable tax system that creates net income without any other costs.

The increasing demand for housing and the rising capitalization value are benefits.

As the city has evolved into a top green and sustainable city, we’ve put together eight reasons why investing in Dubai property is the next financial decision.

1. Growing Population

We all know that Dubai is a global city where people from more than 200 countries live, intending to expand their businesses and careers. Because the city’s population is growing and the need for the property is growing in a fast-paced manner to keep up with this growth, bringing new investment opportunities for Dubai.

The Population of Dubai of around 3.5m is predicted to double within 20 years, which coincides with the finalization of the 2040 Dubai Urban Master Plan. Despite the setback in the year 19, which led to an 8.4 percent decrease in population, the city’s population rebounded quickly and is currently more than 100,000 more than at the beginning of January 2020.

With the city’s Population proliferating thanks to hundreds of ex-pats from around the globe moving to Dubai each year, it’s not a surprise that people from all over the world flock to Dubai.

2. High Standard of Living

Dubai is recognized worldwide as one of the top cities for investing in its exceptional standard of living and top-of-the-line infrastructure. With the best dining establishments and luxurious living, stunning beaches, high-speed connectivity, and the most modern facilities for entertainment and leisure, It’s challenging to overlook why Dubai is a paradise for investors!

Regarding the real estate market in Dubai, numerous developers can offer a wide range of properties of stunning homes, expanding into new and sought-after regions. Additionally, one of its main benefits is that it’s affordable compared to other cities. This means that there’s something for everyone based on their budget.

3. Safety and Security

The safety of Dubai plays a crucial part in attracting more ex-pats and investors to the Emirate. In addition to tackling the covid-19 epidemic efficiently, Dubai is among the safest cities to reside in due to a meager rate of crime and a well-functioning legal system due to its security measures.

Regarding investing in real estate, there is a robust regulatory framework that protects the interests of investors in Dubai. Dubai is the largest and most open well-regulated real estate market in the MENA region, further drawing investors because they are confident that their investments are secure.

In addition, Dubai’s real estate sector is the only one with the lowest risk of a price bubble compared to the other 25 cities around the world as per UBS’ Global Real Estate Bubble Index and ranking as the sole market undervalued.

4. Investor-friendly Policies

One of the most significant advantages of investing in a Dubai property is the possibility of being granted a residency visa following your investment in Dubai. This applies to foreigners with an investment minimum of AED 1,000,000 to buy a freehold property in Dubai if it is in good repair and not subject to the mortgage.

Because non-UAE citizens are allowed to purchase properties within Dubai without the requirement of a regional partner, the city saw an unprecedented increase in construction that attracted foreign investors to the real estate market of Dubai.

5. Higher Returns in Dubai’s Real Estate

Real estate in Dubai has a very high return on investment that is significantly more than the cities that are similar to it, such as London or New York. It’s a rewarding experience since Dubai always has beautiful properties in the most sought-after areas that offer extraordinary yields.

The investment of a Dubai property could yield an impressive return on investment due to the lack of property tax. One of the best returns on investment properties. You can anticipate yields of more than 6percent and high-quality neighborhoods with double digits.

In addition, Dubai property prices are increasing and can result in substantial gains for investors. According to an earlier UBS research report, Dubai Property Market is one of the most unvalued markets worldwide compared to cities like New York, Hong Kong, and Paris. It is easy to earn money by selling your property and investing in the future.

Prospects for Dubai real estate prices

The pandemic in the world has altered buyers’ expectations. It is now a priority to buy Dubai real estate is viewed not just as an investment but also as a possibility for permanent residence. If one-bedroom or studio homes were sought-after properties before the pandemic, by 2021, demand for these properties would have drastically changed. The townhouses, large apartments, villas, and houses were the top sellers and you can Jumeirah Village Triangle Area Guide for investment purpose. In the words of Liam Bailey, CEO of Knight Frank, interest in the UAE housing market is expected to increase in 2022.

Conclusion

Through the years, Dubai has evolved into an international city full of investment opportunities and is attracting individuals worldwide. With its innovative design, impressive infrastructure, and green lifestyle, Dubai is geared toward extraordinary growth and development. Therefore you can count on your investment to grow.