Overseas real property in the UAE looks more and more attractive in the minds of foreigners. And if for a long time the housing stock in the country was more interested in those who are planning to move to permanent residence, then in recent years, citizens of other countries have been actively purchasing apartments and apartments as investments. Dubai has leadership in this area. The property in Dubai at best prices allows you not only to secure money from inflation, but also to get a return on investment. Let’s consider why it is profitable to invest in housing in the largest emirate of the country and what properties can bring the most income.
Five reasons to invest in Dubai real property
It is not only year-round summer that attracts attention to the city. Other reasons to acquire real property include:
- Attractive prices. They can hardly be called affordable for a limited budget, but when compared with the cost of real property in large metropolitan districts in Europe and the United States, you can clearly see that Dubai’s housing stock is cheaper. It is also worth noting that even the secondary properties fully comply with modern requirements for high quality standards.
- Growing demand. It provides not only the liquidity of housing upon incurrence of such a desire, but also a significant income from its rental. Almost 90% of the emirate are expats, so apartments for rent are always in demand. At the same time, the value of the rent permits to receive up to 8% of profit annually.
- No taxes. Natural persons are exempted from paying them, which allows them to legally receive net income from renting out property.
- High quality of life. The developed infrastructure, increased attention to the social sphere, the development of medicine, education makes living in the emirate comfortable.
- The housing price capitalization. Trends in the real property market last year clearly demonstrated the increase in prices for all types of housing stock.
Is it worth to invest only in apartments
Buyer preferences in the real property market have changed radically since the beginning of the pandemic. With the widespread imposition of limitations, people have realized the importance of having vacant space, which not only allows you to organize your workplace, but also to pause on the inevitable constant contact with household members. Therefore, if previously the dominant type of investment property was studio apartments or one-bedroom apartments, today we can confidently say that villas and townhouses are no less in demand. Therefore, absolutely any property can be chosen for investment within the existing budget. The investment profitability depends only on the quality of housing and its location.
The best districts of Dubai for investment
Vacationers prefer housing on the coast. Among the districts in demand, Dubai Marina is worth to note, which is considered the center of the tourist flow. Palm Jumeirah is no less sought-after, which is invariably associated with luxury. No less popular are the central districts of the metropolis: Downtown Dubai, Business Bay. For detailed information about popular emirate locations and offers from developers and real property agencies, see the official website https://emirates.estate/.
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