The Dubai real estate market is exponentially growing ever since 2018 attracting more and more foreign investors every year. Foreign investment accounts for more than half of the transactions taking place. There are many enticing or incentivizing offers for investors today if you are looking at homes for sale in Dubai. You will find many attractive options to choose from that are apt for every lifestyle and preference. Builders offer a varied portfolio of real estate which aims to enhance your quality of life as well as offer you a very high ROI from anywhere between 4 to 6 percent.
The emirate has proven that nothing is impossible. They continue to build record-breaking infrastructure, world-class amenities and award-winning schools and colleges. The highest levels of healthcare can be afforded here not to mention best-in-class recreation and entertainment. And this will only increase given the long-term political stability. You will definitely step up your standard of living if you choose to stay here.
There are many LUXURY HOMES FOR SALE IN DUBAI at diverse residential destinations in the city such as Palm Jumeirah, Downtown Dubai and Business Bay. Those with investments over AED 5M can now apply for the 5 to 10-year long-term visa offering them more stability. You will hence find a growing inventory of properties in the city’s most upcoming and desirable areas. The Reserve Bank of India had doubled its foreign exchange remittance limit, subsequently making it significantly easier for Indian investors to purchase property in Dubai.
The emirate of Dubai is considered to be one of the safest cities to live on earth. The online Al Ameen Service which enables residents to report crime anonymously and Smart Police Stations are a few examples of how the city keeps residents secure. Needless to say that law enforcement is very consistent. And security is just one way the city is moving towards becoming a smart as well as a sustainable city.
Dubai also does not directly tax its corporations apart from oil, banking and insurance sectors. There is low-cost foreign labour force available in a steady stream along with good transport and production infrastructure. There is a dual licensing regime whereby entities located in the free zones may be authorized to carry out commercial activities outside the free zone in selected sectors specifically authorized by the Department of Economic Development. In free zones, foreign investors also may hold 100% of company shares making it a lucrative investment. The primary benefits of setting up a business in the free zone include exemptions from import and export tax, corporate tax, and personal income tax. All this along with flexible rules, make this a haven for investment.
Geographically, Dubai is almost equidistant between Asia and Europe making it accessible to around two-thirds of the population of the world within a maximum eight-hour flight period and has Middle East, South Asia and Africa on its doorstep. Due to this, it is very rich in hydrocarbon resources and hence has access to low-cost energy.
The standard of living in Dubai is very high and is a highly coveted lifestyle. Dubai also hosts many internationally renowned festivals and fests such as the Dubai World Cup for horse racing, Dubai Shopping Festival and Dubai film Festival etc. The flourishing economy generates job opportunities thus attracting people from all corners of the world. Even though the influence of Arab culture is very prominent, people of all cultures co-exist harmoniously and work together to elevate their lifestyle and by extension the city together. So, are you ready to invest in Dubai real estate market?
