Dubai is one of the fastest-growing and most prosperous cities in the world. It’s the 24th wealthiest city in the world, even booming during this global recession. With everything going so well in Dubai, more and more people are looking to invest here by buying homes. Real estate transactions in Dubai were calculated as AED 111 billion in the first six months of 2018. Recently it was announced that investors will now be granted 10-year visas.
The total investment in the city by the end of the year is anticipated to be enormous. No matter how the market changes, Dubai continues to be a reliable option for investors all around the world. Dubai has evolved into one of the smartest and most sustainable destinations. Here we’ve compiled 7 reasons why investing in Dubai Homes For Sale should be your next financial move.
1.It Is A Central Location:
On the globe map, Dubai (UAE), in general, is situated in a particularly advantageous position. One can form millions of business opportunities and partnerships across the globe. Dubai has several international airports which serve as a gateway to many parts of the world. It also has seaports where most of the goods are imported and exported.
With one of the busiest airports worldwide, Dubai’s air transportation network is second to none. The most important fact is that Dubai is located on top of oil resources. If you are a businessman, you know that each acre of land is the key to the development of your company.
2. Biggest Tourism Sector:
During the last few years, Dubai has become one of the most popular tourist destinations in the world. Thousands of tourists from all over the world visit Dubai regularly. It has a world-class tourism infrastructure including 5 Emirates Hotels, the world’s most luxurious hotel. In addition to proximity to airports, numerous hotels and resorts in Dubai are a gift to travelers looking for an exceptional experience.
Palm Jumeirah, Burj Khalifa, and Burj Al-Arab are some of Dubai’s most popular tourist attractions. But nowadays, people not only visit Dubai for traveling and buy a home for residential purposes, which is the main reason behind the growing demand for residential properties in Dubai. However, this is your chance to invest in property, and you can also profit from tourism.
3. Exotic Architecture:
Many tourists come to Dubai thinking they will see something unique and unique. But don’t be disappointed. You will never see anything similar in your lifetime. The city is a breathtaking blend of cosmopolitan architecture and desert nature with contemporary buildings and traditional structures.
The whole city is composed of extremely distinct structures with different forms of amazing beauty in building design. Many tourist attractions in Dubai grab the attention of people worldwide. For example, The Burj Khalifa, the tallest man-made structure, Dubai Mall, Jumeirah Mosque, and many more.
4. Great Climate:
Dubai has a very pleasant climate in general. It has its weather condition, which is especially suited for small investments such as houses for sale in Dubai. The climate in Dubai is really cool, natural, and very relaxing. It is a dry area that is not affected by humidity or rain. Because of its arid climate, you will never see any form of rain or harsh weather here.
Dubai has one of the most pleasant weather conditions in the world, with temperatures ranging from around 20 to 36 degrees in summer and from 4 to 24 degrees in winter. This makes it a perfect place for all home-building projects, such as houses for sale in Dubai.
5. Impressive Return-On-Investment:
The return on investment in Dubai is amazingly high. It encourages more and more investors to look into buying a property in the city. The ROI rate is rising by 6% every year. It is safe for all financial investments, such as real estate, stocks, and bonds.
The return-on-investment rate in real estate is about 15%-20%, whereas, in the case of stocks and bonds, it can go as high as 28%. So if you have any investment based on those fields, consider investing in Dubai Properties and getting the maximum out of it. Dubai offers incredibly profitable opportunities for smart investors.
6. Safe & Secure Place:
When you buy a property from Dubai, you are assured of the highest level of security. You can relax and think about investing in a Dubai home because no matter the market conditions in the rest of the world, it will go well with your investment forever.
Dubai is a safe place to live. It has a different security system that ensures no terrorism or other kinds of criminal activities. The government ensures that every citizen lives in peace and comfort without fearing violence or criminal activity. The streets are spotless and well-maintained. The government provides free surveillance cameras in all public places like train stations, bus stops, hotels, and restaurants.
7. It’s A Tax-Free Investment:
Dubai has no taxes on the property. The only taxation is on the goods you purchase or sell to others in the market. There are no additional taxes from the government.
Dubai, they have an entirely different perspective on tax and revenue collection mechanisms. Since there are no income and property taxes in Dubai, it makes it one of the most attractive destinations for investors looking to make a profit out of their investment but wanting to avoid paying huge taxes.
Conclusion
Dubai is undoubtedly one of the best places to invest in real estate. You can make a ton of profit if you make a smart decision while buying or selling your home or property. It’s imperative to keep yourself updated and be well aware of the market before you invest in any project. If you’re interested in Dubai Property, go immediately and look into buying a property in Dubai right now.
