Dubai is one of the most attractive places to buy property. Geared towards tremendous economic growth, Dubai is set to thrive in the next years attracting global talent, increased amounts of Foreign Direct Investment, and even more impressive projects.
The country is appealing to foreign investors because it provides great access to important markets like Africa, Asia, and Middle-East and also because it has a greater connectivity to other international business centres in Europe and America. No wonder, every year the investors come flocking to the UAE to invest in its market and make profits.
Residency Visa - Investors become eligible to apply for a 3, 5 or 10-year visa depending on the value of the property they invest in.
Capital growth – Savills (click on link for article) research shows capital values grew 9 per cent year on year. Dubai recently reached the top of the “Hybrid” Cities for real estate investment in JLL’s report titled ‘World Cities: Mapping the Pathways to Success.
Rental growth - Buy-to-let investors in Dubai can achieve higher rental yields compared to other mature property markets. You can expect returns upward of 6%, even hitting double digits.
Population growth – Huge tenant demand as Dubai is one of one world’s rapidly growing cities with an increasing rate of approximately 10.7% annually.
Economy - Dubai has the 5th highest performing economy in the world. The government is dedicated to making the Emirate competitive across the globe by constantly introducing new measures to improve the business environment and promote long-term growth.
Booming Tourism Industry - Dubai is one of the most visited cities because of its state-of-the-art architecture, luxurious lifestyle, beautiful beaches, and connectivity to the rest of the world. It is also the best shopping destination for its designer and luxury brands from different countries across the globe.
Infrastructure - Dubai has one of the largest, tallest, and swankiest buildings in the world including Burj Khalifa and the most attractive man-made islands. Dubai international airport claims to be one of the busiest airports in the world, in terms of international passenger traffic. When it comes to seaports, Jebel Ali Port is the world’s largest man-made port. These reasons are enough for any savvy investors to understand why to invest in Dubai.
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